Hi all, Did a search but could not find any answer. I would like to know if there is some sort of limit or special law/rule to receive ClickBank checks of large amount ($2500+) in India. For instance, using Western Union one can receive maximum of $2500 or follow some special rule (not sure, some Reserve Bank of India rule) Will any Indian affiliate who has received such amount or knows someone who got such checks care to clarify?
there are some rule for other currency checks i am facing problems with clearing them u need to fill some form with the bank mentioning source of income etc & the worst thing it take 25 working days to clear tht check
Last time, my check also took about 25 days. I just hope the Indian Income Tax Department understands what affiliate marketing is and do not conduct a raid or something after seeing foreign currency checks!
I just received my november check ... so do I just handle this check to my bank acc ? don't they ask for some proof of income or somethin?..I have account at HDFC bank ...do we have to write somethin on the back of the check ?
It's a regular check deposit along with a forex declaration form citing the source / reason for exchange. Proof of income is for the tax authorities; the bank just needs to be convinced that the check is genuine. It's a simple procedure.