Hi , my account settings is now in my local currency .. but which one is better .. is it good to receive cheqe in INR or $ .which will give me better exchange rate?
It makes no difference, except if you receive the money in dollars then your bank may charge you to convert it in to INR. Pete
Always go for INR, if thats the option available. because if you take in $ some banks may change commissions and also they take more time in clearing that amount. Good Luck!
Opt for INR reson 1. some bank charges 2% charges for convertion 2. it takes more time soemtimes month to get a $ cheque cashed 3. bank asks too many question like why chque has been issued, what type earning, who are you, why are you recieving, fill this form to convert and so on, SO GO FOR INR IT GET CASHED LIKE WOOSH in 2-5 days!!!