Payment Option in India Commisson Junction

Discussion in 'Commission Junction' started by djniks143, Jan 12, 2011.

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  1. #1
    Hello fellow member.

    Well I am going to signup in Commission Junction. Well i am having a query about Payment Information.
    I want to receive cheque's in INR, but we dont have any option there. I am planing to select $ USD as my preferred Currency.

    So if they send me Cheque's in USD. Can i withdraw that cheque in my Local Bank.
    I am having a account in SBI

    Thanks
     
    djniks143, Jan 12, 2011 IP
  2. hilhilginger

    hilhilginger Well-Known Member

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    #2
    Yes it is possible to encash the dolor check at local banks of india. But the money will be credited only after the check has been sent to collection.
    Please go through the guidelines issued by RBI for more details.

    rbi.org.in/scripts/FAQView.aspx?Id=76
     
    hilhilginger, Jan 13, 2011 IP
  3. pankajdeoria

    pankajdeoria Banned

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    #3
    Yes, Once you will deposit the check in your bank, they will convert it to the Indian Rupee. No need to worry.
     
    pankajdeoria, Jan 19, 2011 IP
  4. azamkhan760

    azamkhan760 Peon

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    #4
    hi,
    Once you deposit your dollars check in your sbi bank, you get the money after 21 working days.
     
    azamkhan760, Jan 20, 2011 IP
  5. Nefertiti

    Nefertiti Peon

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    #5
    Cashing a dollar currency check is not a problem in SBI, don't worry. You may have to sign a separate form of declaration which can be obtained from Customer Relationship or Personal Banking Executive. I got several dollar checks cashed in that way. Yes, usually 20-25 working days.
     
    Nefertiti, Jan 20, 2011 IP
  6. alexgreatcpa

    alexgreatcpa Well-Known Member Affiliate Manager

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    #6
    You dont need do anything with cheque .. go to your bank and file your cheque in bank in USD . it will automatically convert and you will get amount in INR .
     
    alexgreatcpa, Jan 29, 2011 IP