Adsense Checks in India

Which bank clears it the fastest?

[sahuman]

I was just curious to know about which is the quickest route to get your adsense checks cleared in India. I had tried HDFC Bank, they took 31 days to clear it. I shifted to UTI Bank and they do it a lot quicker - between 7-10 days. Anyone with feedback on other banks?

[morpheus83]

Well ABN Amro takes 40 days and Citibank takes 3 weeks. I guess 3 weeks is the minimum time for all US checks to clear in India.

[sahuman]

Yes, this is what surprises me. Most bigger names in India's banking industry take at least 3-4 weeks to clear US checks. But UTI Bank manages to clear it in 10 days flat (within 7 days in one instance). I don't know how they manage to do it, but I am certainly not complaining!

[rockykk]

SBI takes nearly 45 days plus you have to submit a form declaring foreign exchange.
Regarding UTI Do we have to fill any form or just a check

kk

[sahuman]

No forms or declarations with UTI except for the usual check deposit slip. I believe SBI takes away a chunk as commissions (around 15 USD) per transaction - for both check deposits as well as wire transfers.

[wanderingmind]

Sahuman, is it a normal savings account you have with UTI Bank for clearing your adsense checks?

[sahuman]

wanderingmind - a normal savings account.

[morpheus83]

Wow 10 days is pretty fast. Are you sure about it because as far as I know all banks take 3-4 weeks. As all foreign checks are routed through RBI.

[wanderingmind]

I guess I will try with UTI bank now. 10 days, and no extra paperwork is brilliant!