How to Receive Adsense Payments through Wire Transfer in India
Finally, the wait is over for Indian Google Adsense publishers for receiving their Adsense payments through Wire transfer or EFT. This is one of the major announcements by the Google Adsense team for Indian publishers and now they can receive Google Adsense payment directly to their bank accounts. Currently, this program is in beta testing and you can participate in it too and receive payment through EFT.
As we all know that wire transfer or EFT is the best option to receive payment without any hassle and this option was missing for Indian publishers and we were receiving our payment through standard cheque to our local residential address.
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This payment through cheque system is very slow and takes at least 15 days to arrive at your location even in metro cities. If you are not residing in metro cities then it could take longer. After receiving the cheque you have to deposit it in the bank which additionally takes 2-3 days to clear and if your bank head branch is not in your city then it could take 15-20 days more to clear your Adsense cheque (I have faced such situations earlier).
Earlier Google announced that it will enable Electronic fund transfer (EFT) for Indian publishers by the end of December but it was unable to do so and started a beta program recently.
Requirements for Adsense Payments through Wire transfer/EFT
1. Publisher should have Google Adsense account with payment address located in India.
2. Minimum $100 outstanding balance shown on the Payments page of your account
3. Bank account number
4. Name of the account holder
5. SWIFT code (The SWIFT code is a unique identification code for banks and other financial institutions.)
6. Bank name
7. Indian Financial System Code (IFSC)
How to start Receiving Adsense Payment through Wire Transfer or EFT
To receive your Adsense payment through EFT/wire transfer you will have to put your Adsense payments on self hold (see below screenshot) before 16th March 2014 and all the self hold Adsense account in India will automatically upgrade for a wire transfer or you can also comment at Google forum thread “Upcoming form of payment changes for publishers in India“.
As per the recent beta testing results, the participating publishers told that they are getting a good money exchange rate and the bank is charging nominal fees of Rs.110 as a service tax. In February they got an exchange rate of Rs.61.79 per $1, which is good as compared to cheque conversion rates in my case.
Update [28 April 2014]: Google AdSense has officially sent an email message to its publisher stating that they are making changes to Adsense payment options. Below is the short snippet of that email that I received.
With this change, we will no longer offer payments by check. Please continue with receiving and depositing any outstanding checks as we make this transition. The normal 60-day waiting period from the check issue date will apply to check cancellations, and additional time may be necessary to incorporate the canceled amount into the next scheduled payment.
Update [30 April 2014]: New wire transfer or EFT has been enabled for Indian publishers. Now Adsense publisher can go to payment setting option and can enter a new form of payment. Put your bank details and SWIFT code. Below is the sample payment form.
Currently, wire transfer payment is in beta testing and you can participate following the above instructions and get Google Adsense payment directly to your bank account. After successful testing, EFT or wire transfer option will be automatically available to all Indian publishers and then we will not have to wait for receiving cheques and then for their clearing. Let me know what are your views about this latest Google announcement for Indian publishers.
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Hello sir,
Thank for the information but sorry there is no option provided to add bank account and other details that you have mentioned in google Adsense.
Currently EFT transfer for India is in beta, so you have to first put your Adsense account on hold for payments. Then only they give that option. And it has to be done before 16th of every month.
Hello Sir,
I am a blogger using adsense nearly 2 years, in every payment i was suffered by the payment method and time delay. Now this is good news for me, so i want to prefer the EFT transfer method and i am go to share this post to my blogger friends. Thank you sir.
Great to listen you have Adsense account. You are right Raju, it really takes time to get cheque at home and then clearing. This payment method will make our lives easier. Don’t forget to take part in our giveaways.
Hello,
Well EFT is really awesome feature from adsense which could not be resist by blogger or adsense earner. Though I haven’t opted for EFT yet. Will try it soon enough.
Thanks
Sir I made hold at 12 April but till now EFT system not enable in my adsense account, please help.
Hi Yummy,
Please wait till your payment issue date, which is usually 25th of every month. If your EFT options are not enabled till then. It may be because Google has stopped this trial.
Hi Thanks for the info.
I have two questions if you can please help me with this.
1) My current address on adsense account is of my grandmother. She stays in proper city so I used that address so that I easily get the cheque delivered a bit quicker. Can I change my address now as it has to be matching with the bank address for wire transfer?
2) Can I change the payee name to my brother’s name as he has more than one bank account. So I will receive adsense payments to one of the best bank options available with my brother without any hassle.
Adsense settings now allow us to edit Payee name and address. So can I change name and address and will it be accepted for wire transfer???
Hi Megha,
1. I don’t think current address would matter in Google Adsense Wire transfer case. You can put any address you want.
2. As per Google Adsense policy it does not allow you to transfer account ownership. In new EFT payment form there is an option to put payee name and it is solely for the account owner. So if you are the account owner of Adsense account then you should only put your name in payee information.
In my understanding, this facility is only given as some people have a bank account with full name including their middle name. So in that case they can put their middle name also and same should be entered in profile name.
Hope this helps.
sir my total earning from adsense (In july month) is $132 (== 8000 approx)..but it was credited by rs 7179 in my account.
8000-7179= Rs 821..????
sir my question is that how much % of charged detected through wire transfer.
Intermediate bank are deducting about $10-$12 and rest is bank transaction fees of bank. Some banks are deducting $10 and some are deducting $12 for wire transfer.
Very good post, can any 1 tell which Indian bank is good for Google Adsense low conversion rates Please (:
Thanks for appreciation Wajid, State Bank of India (SBI) gives good conversion rate.