Received call from my bank HDFC about the "purpose of the money" withdrawn.

I just received call from my bank HDFC.
I was asked about the "purpose of the money" which i had withdrawn from moneybookers 3 days back.
Representative seriously asked me the purpose of this money. I told then the purpose.

I guess this will also happen with PP

 

Yes!
It will happen always from now on.
So, better to withdraw with valid invoices at hand dude.

 

They asked me the how much USD amount you did withdraw & for what purpose.

I am sure bank will ask from us now on.

 

They asked me the how much USD amount you did withdraw & for what purpose.

I am sure bank will ask from us now on.

 

What all did they ask you and what did you tell them actually ? and how did the call end like ? was he convinced, do they need additional verification ?
and can you tell us approx how much amount you withdrew ?

 

hmmm... okay seems normal to me from now!

 

I had withdrawn $40 from moneybookers to my bank account to check the transfer on Monday.
Just few mins back I received the call from HDFC bank & i was i have received remittance in EURO DOLLARS. Its 27.3 around something in EURO DOLLARS.
And I was asked the PURPOSE OF THIS MONEY. I said it was for my freelancing outsourcing work. And she said OK. Nothing else. She said money will be credited to bank by today evening.

 

You probably got a call since the money reaching your bank account was in foreign currency. Let us see how Paypal withdrawal takes place and whether it happens through NEFT in INR... as earlier or not!

Regards,

RightMan

 

Paypal has nothing to do with hdfc call, since paypal is local transfer and not a foreign transfer.
Generally If you receive any wire payments from a foreign country in EUR/USD, banks MAY call you just to know the source of funds.

 

Nothing like that man.. I am getting USD from moneybookers since 2007 and never had a call.. lets see if I ll get a call this month or not.. but may be I ll get as this guy got.

 

I think the call was because it was a wire transfer where the funds arrive in the foreign currency but PP themselves convert it to INR (for which all the hiccups happened, I believe).. so its a different case altogether.. also one needs to get the FIRC in case of wire transfer..

but i just wonder wat a govt bank would do in such a case... will sbi ever call its customer even if it is wire transfer or watever... i just fancy...

 

I recently withdrew some funds thru Moneybookers to my ICICI account. But didnt get any call from them (amount already credited). They have my PAN noted for my savings account. However I am aware that Banks do randomly call customers who receive funds in foreign currency.

 

Yes this is happening to me whenever I get payment from outside of India since last 3 months. They always ask me whether I want to receive Money OR not and purpose of the money.

 

is it again HDFC bank ? from where you are getting calls ?

 

Was it a wire transfer ?

 

lets see i am withdrawing tooo SBI lets see if i get a call or no

 

yes, It is HDFC Bank and it was a call from my local HDFC Branch.

Yes It was wire transfers.

 

will be glad if you tag ur thread as [moneybookers] . paypal users may get confused fpr this thread even if the transaction goes without calls.

 

Not really. They call sometime only.
As I get wire transfers in USD but never got any call from HDFC.

 

But what is the basic purpose of these calls?
If I want to use these money for some illegal purpose, I'll definitely lie to the bank. Then how they are going to verify whether I am speaking the truth or not?

Anyways, I have no intention to do that. Was just wondering how just a phone call can increase security over the transaction of money.