Hi All, I have few questions from fellow clickbank affiliates in India. 1. When does direct deposit get credited in your account ? I had heard it is done by Thur/Fri - But I have not yet recd it Should I be worried ? As this is my first DD payout. 2. One of my Clickbank chq's was returned saying - Pls mention source of income - Has that ever happened with anyone ? Is that something to be worried about ? What to tell the bank ? Pls help me with these Q's ! Thanks, JO
1. Direct Deposit usually takes around 3 days (though it could be done earlier). I usually get mine on Saturday, updated the subsequent Monday. 2. If your check was returned that's because you may not have submitted the FEMA declaration along with your depositing slip (you quote your income source as freelance remittance, or something similar). What bank have you put the check in?
I've been depositing CB checks for the past 2 years, and without the declaration, my bank even refuses to accept the check. I think it's part of RBI forex rules. Simply submit the declaration in the standard format (HDFC should have it) and mention the source of funds as freelance income. That should do it.