-= INDIA =- ICICI Bank Cleared Citi Bank Chq in 24 hrs..

Hi mate.I agreed.IF your place has citibank then it become local cheques.Other wise it take 4 to 5 days to clear it.

 

My last month's cheque is not even cleared after 6 days lol

 

Usually it takes 4 to 5 days for clearing if you have drop the check other then satuerday sunday or any holiday.

 

Hey Amit,
In which bank did u drop ur cheque??
Regards,

 

It can take a few days to clear. However, I am not fmiliar with Indian banking.

 

Hi Qwest,
We have couple of holidays these days.. So it is taking time i guess..

Regards,

 

hi One of my Friend, he using adsense, when he got first check, which is in US$, So dear All Indian friends or DP users, if u r living in india then Please select currency in Ruppes in adsense account, otherwise your check takes 25-30 days in clearing and charge about US$ 10 for transfer.

 

Well read an article in Hindustan Times .Acc to RBI study private sector banks have been earning money by delaying cheques clearing.Study shows Rs3250 crore of earning they have made by taking more times in clearing cheques.Well i must say quite a good business starategy by banks

 

yes, read that article too. the same article also mentioned that cheques upto Rs 15,000 should be credited to the account by the bank immediately but not a single bank does this

 

Yes mate they have made it source for making money.I hope RBI will come up with some thing to stop this.

 

In my city, SBI and State Bank of Bikaner and Jaipur are taking 1 month to clear the check.

 

Yes they have a long process of clearing you should go with icici or hdfc

 

is it a dollars cheque or rupees cheque?

 

Rupees cheque

 

That's a surprising long time for a rupees cheque.

 

Online Banking has nothing to do with cheque clearings. I was working with Kotak bank till last month and clearing there takes place at EOD...starts at around 7 PM. The delay in clearing Google cheques (Citibank) depends on the distance and frequency of transactions between the bank you deposited your cheque and the nearest Citibank. A person staying in Mumbai would get his cheque cleared within a day if he deposits it before 3 PM or so.

 

Thanks a lot for the information..

Regards,

 

I got my check cleared after 1 month and 8 days. I made the great mistake of dropping it at "Our Great" SBI!
Met with the manager three times and with another guy at the bank four times!

Dropped my next check at ICICI bank yesterday, hope I get it cleared by monday.

 

Hi Aditya,
As per my experience it must get cleared by end of monday.. Keep up posted on the status..

Btw Is the chq u dropped in SBI a INR chq of $$ chq?

All the best..

Regards,

 

True, ICICI bank takes less time to clear CITIBANK Cheques....even the HSBC and IDBI bank take less time...but i encash my cheques from ICICI bank only...coz i got some good relationships and few good standing accounts with ICICI bank.