International cheques in India - Anything less than 21 days?

Dollar cheques (checks) in India take 21 days to get credited, once the cheque has been deposited in one's account. Is there any bank, which gets this job done faster without taking any fees?

You can get it done in 1-2 weeks (am not sure) but they charge for this service - some $5-10.

Does anyone know if banks like Bank of America in Mumbai, Citibank, HSBC or any such foreign bank processes dollar cheques faster than 21 days?

 

Not true. Bank of India processes it in a week or so.

 

I am sure about my facts. If you have an account with Bank of India, and your dollar cheques have been processed in a week and the amount credited, then let us know.

 

Correct, that is the case. Bank of India processes dollar cheques from clickbank & some other clients for me in about 7 days. Even 2checkout cheques when I used to use 2checkout were processed in about the same time. Same goes for adbrite cheques that I rarely receive & more recently, text link ads affiliate payout.

 

I have Deposited one Cheque of Yahoo Survey 45$ 3 weeks ago in State Bank of India . it was not credited. Then i got two more cheques around 4000$ and 1000$ .. went to the manager directly and asked him how long will it take . He said it would take 45 Days ..I was shocked to hear that ..anyhow deposited with them 2 weeks back ..None of the cheque cleared as of now . I am still waiting . I got 2 more cheques 3 days back one 5000$ and one 200$ . This time went to ICICI . 20 Kms from my home . They said it would take 21 working days ( Sat Sunday doesnt come under working days ) Anyhow deposited with them day before .. will update when those get cleared.

 

why don't you switch to options like internet banking or Western Union money transfer

 

Some networks which i deal with cannot provide those features

 

I have Deposited one Cheque of cj 520$ 1 month weeks ago in UTI Bank.
still wating for money

 

hi.

i just got a cheque from rocketprofit of $61...when i deposited it in standard chartered bank...it returned to me asking the "source of fund required"

Can anyone tell me how do i provide a source of fund.

 

hi.

i just got a cheque from rocketprofit of $61...when i deposited it in standard chartered bank...it returned to me asking the "source of fund required"

Can anyone tell me how do i provide a source of fund.

 

from where did you get these cheques ?

 

i tried allahabad bank it earlier took 1 and half months this time its hasnt cashed a july 2008 cheque as of now.
I even tried kotak its been more then 15 days now no cash in hand yet

 

Banks generally are not concerned with the source of funds, Incase the bank has asked you to, Write to them saying these are your earnings from online Ad revenues,

Still in such an advance stage of Internet ad revenues majority of the people or officials of banks in India are not aware of the same,

They have to be knowledge d by us like we do to a 1 st grade kid

 

Every bank takes around 30 days to clear international cheque. However you will loose 1700+ INR as clearing cost

 

^^ ICICI Charges only about 275+tax for clearing international cheques.

 

which bank is that allahabad bank charged me only 20 rupees took 2 months to clear

 

Wouldn't say every bank..

Bank of America here processes most of my transcontinental checks within 4 days

 

Icica bank takes around 21 days to clear international cheque .

 

I have not tried in last 2 years but before that I used lot of USD cheques.It take only a week in HDFC bank and a month in ICICI.

HDFC bank also have a Drop box facilty in PA,USA
Somone try that and let us know!