Best Bank of Receiving Inward Remittance (Adsense payment) in India

  • Thread starter Thread starter Smh
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What you said seems probable, There is no information on "Reporting inward remittances" on SBI's website or their netbanking portal. :/

I had to visit the branch once to ask them the SWIFT code.. Since the local branch doesn't have a Forex Dept. They asked me to use SWIFT code of a nearby branch that had Forex Dept. I haven't had any problems since then..
 
I was searching for best bank for getting adsense payment and most people are doing comparison based upon extra charges and time it takes for the amount to credit. :rolleyes:

So if you are using IDFC or HDFC they don't have extra charges but the difference in conversion rate is quite a lot. If you got 2000USD bank will deduct Rs 2000 just on basis of conversion rate. With Canara or SBI charges will be Rs 300-400 only so you will instantly save about Rs1500.

And the hassle of visiting branch is another issue like if you are on vacation you cannot get the payment. Hopefully it is a one time process.
 
I get the adsense payment in hdfc. I have never visited the branch to submit anything.

I get an email when there is any inward remittance which I ignore. After 2 3 days payment is credited.

here is the relevant part of the email.

  • For Inward Remittance upto USD 10,000/- or equivalent in other currencies, request you to provide disposal instructions within 2 days from receipt of this mail. In absence of your disposal instructions, bank will convert the funds and credit it to your account, except where FEMA/Regulatory compliance is required from the clients end.
 
Checkout payoneer. They charge 2% flat on IBR. You receive funds in USD or any other currencies in your payoneer account. Then it automatically transfers to your bank account same day
 
Notorious said:
I get the adsense payment in hdfc. I have never visited the branch to submit anything.

I get an email when there is any inward remittance which I ignore. After 2 3 days payment is credited.

here is the relevant part of the email.

  • For Inward Remittance upto USD 10,000/- or equivalent in other currencies, request you to provide disposal instructions within 2 days from receipt of this mail. In absence of your disposal instructions, bank will convert the funds and credit it to your account, except where FEMA/Regulatory compliance is required from the clients end.
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On YouTube someone said they also got a call with this email to visit branch.

And ignoring is risky, if they reverse it or something. It will be very hard to recover.
 

Can only speak from personal experience.

The email clearly mentioned that in absence of instructions USD will be converted to INR and credited to account.

Also in the worst case scenario of reversing you can request reissue from google.
 
Basically that email is sent out to reach out to bank for any special rate, otherwise they will convert on rack rate and charges.
 

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