Hi, I have received my first check for clickbank after venturing into this area. The check is not in Indian Rupees but in USD. So, can I go ahead and submit this check in my bank account (e.g. ICICI) and what fees will they charge for honoring this check. Also, if someone knows, please tell me about the tax implications for this.
mm.. well I get charged AU$10. I usually deposit 4 cheques at the same time and it is still $10 for the 4. Not sure what its like where you are tho
HDFC bank took Rs. 300 commission for $ 2500 check.. yes you need to pay income tax for this earnings
It depends on your local bank. Anyway it will take around 30 days to get check clearance. Moreover a nominal fees of around 8 USD is also deducted from your total money.