Earlier Google adsense used to send cheque which was horribly painful. Now for Indians they have option of bank transfer. And if you want to reduce the pains of going to bank and deposit cheque, then connect your bank account to google adsense.
I have connected mine with Kotak and my friend has connected it with SBI. When the payout is received one has to notify the bank for purpose of remittance. Once that part is taken care of you'd get the transaction money converted into your account. Avoid banks which gives less remittance conversion amount. That being said, experiment with your local branch, if the people are friendly then whichever bank you choose will do the rest. Make one template for explaining the purpose of remittance and print it out every-time they ask you when the payment arrives in account.
Andhra Bank is quite bad for receiving foreign remittance since it blindly charges around Rs.500 for each transaction.
You will have to receive one payment and see how much charges they deduct or you can go to the branch or probably better call the customer care to get information about the charges.
I have SBI account too but I'm not receiving payment on it, so I don't know. [No minimum balance limitation, ATM or SMS Charges applicable]
Interested to know how other banks charges...
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Again does anyone have had experience with ICICI?
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Even this challenging situation would ease
Bank ask normally for any Foreign transactions , as per FEMA act, customer should inform bank for what reason he receiving the fund.
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I think it is safe to say that adding your ICICI bank details in your AdSense account would be sufficient. No need to go to the bank. If anything, they will call you, no need to give any extra effort.
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I got my payment in SBI bank account,
Surprisingly when I checked my bank statement, I noticed that I received the amount lesser by $6 than which Google AdSense paid me and then bank deducted the Forex service charge of Rs.71 and commission Rs. 50.
when i contact them, they didn't know about 6$ extra deductions.
Is this normal or please help me how to corrct this.
@Ankit Are you using swift code of same branch, in which you have your SBI account ?
Because i am using different branch swift code my branch does not have one.
Waiting for response.
I received the full amount only, no deduction whatsoever. I had to receive $102.5, the whole amount up to the decimal places was received in my bank account.
Also, the charges seem a little high for you. For me the charges were:
Forex Txn Commission - Rs.50
Forex Txn Service - Rs.37.50
My bank branch doesn't have SWIFT code so I used the SWIFT code of the nearest branch.
This might be helpful to answer your question regarding the deduction, though:
1- What swift code you used or name the branch ?
2- Are you using current bank account or savings account ?
Thanks for reply
I am using a savings account.
2- Have you ever used any other swift code like SBININBBFXD, and deductions occur ?
3- From which country your payment is issued, in my case it is SINGAPORE ? I think this is cause of deductions, because of some intermediate foreign banks?
2. No, I have never used any other SWIFT code but that should not make any difference is the amount getting deducted.
3. For all Indian AdSense payments, the payment is issued from Singapore only. For SBI, if there were some intermediary charges, it would have been there for me too.
I will call SBI officials for this issue, as my branch manager knows nothing about this.
My exchange rate was 66.18, is that same you got from your transaction.
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Will email you the screenshots.
how much exchange rate you got this month through sbi
All bank charges but SBI is making more fees than other banks.