Question about Wire Transfer...

Discussion in 'Payment Processing' started by Dreamsalive, Apr 2, 2010.

  1. #1
    My company wired me my payment on late 30th,its been more than 2 days but no money in my bank yet.I know wire takes 24-48 hours.

    Now my question is ,does RBI has any role in processing wire transfers? Coz RBI is off on 1st and 2nd April,if yes maybe thats the cause of delay.
     
    Dreamsalive, Apr 2, 2010 IP
  2. radhika.writer

    radhika.writer Well-Known Member

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    #2
    I am not sure if RBI is involved in wire transfers but your money might got delayed because of holiday on 1st April. So just wait till Monday and you should have that in your account.

    Thanks
     
    radhika.writer, Apr 2, 2010 IP
  3. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #3
    Well, it takes only two days but since yesterday and today are holidays so you should get it tomorrow or on monday !
    I am also waiting for mine to come..

    - Mr.President -
     
    Digital_shubhi, Apr 2, 2010 IP
  4. tempest-tossed

    tempest-tossed Active Member

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    #4
    Donot worry mate.. Wire Transfer is the safest mode and even if RBI is not involved (I am not sure but as it is a transfer between two banks), your bank is definitely off for those two days..

    the duration depends upon bank and country.. while HDFC took three working days for me once, SBI normally take 5 working days...
     
    tempest-tossed, Apr 2, 2010 IP
  5. slogold

    slogold Peon

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    #5
    wire transfer can take form 1-5 days, could be even more, now there are holidays in many countries and some banks are closed
     
    slogold, Apr 4, 2010 IP
  6. affilorama

    affilorama Active Member

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    #6
    Don't you just wish that banks and other financial institutions operated 24 hours a day, 7 days a week, including holidays? It's bad enough to have to wait 2 to 3 business days; factoring in weekends and holidays makes it worse.
     
    affilorama, Apr 4, 2010 IP
  7. adsense-member

    adsense-member Guest

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    #7
    normally, it will spend 2-3 days. so, since yesterday is holiday, I think, you will get your money on monday. just wait.
     
    adsense-member, Apr 4, 2010 IP
  8. UB Mike

    UB Mike Peon

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    #8
    I wonder if Dreamsalive got his money at last lol ?
     
    UB Mike, Apr 5, 2010 IP