After a long waiting, Google finally rolling out another payment method to Indian Adsense publishers that is EFT (Electronic Fund Transfer).This is also called as wire transfer payment. It is already available to some foreign countries like Australia, United States, Italy, United Kingdom etc. But Google kept only one payment option for Indian Adsense publishers for a long time that is standard check payment. There are a lot of problems along with this standard check payment option. Basically it takes 10-30 days once Google issues the payment, because of courier delivery system.
Now all these problems resolved with EFT payment method, from now on wards payments done very quickly by linking your Adsense account with your bank account. So once you reach payment threshold then Google automatically sends payment to your bank account with a small exchange rate ($1 or $2).
Eligible Criteria for EFT Payment:
To receive payments through EFT payment method you need to eligible for the below criteria
- Your Payment address must be located in India
- Your Adsense Account must be approved through pin or direct method.
- Maintain minimum $100 balance in your adsense account ready to be issued.
Here you can read the official notification about Google Adsense EFT payments
You must have Personal Bank Account with an Indian Swift code which have 8 or 11 characters and IFSC code.
How to Enable EFT Payment in Google Adsense Account?
1. Login into your Google Adsense www.google.com/adsense account by entering Gmail username and password.
2. Select Payments option from the right side panel and you’ll see some settings related to payments.
3. Now click on payment settings to put self-hold your Adsense earnings.
4. In Payment Settings click on “edit self-hold” option and check “hold payments” box in the next screen.
6. It takes up to one week to change your payment method into EFT payment.
How to Add New Form of Payment (EFT Payment)?
1. After hold your payments with self-hold option you’ll receive one mail from Google Adsense with a message like “your account has been upgraded”.
2. Now login into your Google Adsense account and go to payment settings. Now you need to enter your bank details to get payments through wire transfer.
3. You need to provide your bank account number, IFSC Code and Swift-Bic Code.
Note: To get payment of this month you need to make these changes before 21st every month.
Many Banks doesn’t accept wire transfer payments directly,they need help of intermediate bank which is in other country.If you face this type of situation then you must submit those details too.
Update 1:
Google Adsense mention that Intermediate bank details are not necessary to wire transfer setup.So leave that field while submitting new form of payment.
Still EFT payments are in beta process, so if you want to get payments from Standard check method then un check “hold payments” option before 16th march 2014.
Good to see EFT in India But I have one Query that Bank account holder name should be same with Adsense payee name?
Nice post. I have not got any mail from Google regarding the activation of EFT payments. And also I am not getting the wire transfer payment option available in my account.
please help.
Thanks for an another great article, but somewhere, i heard that this program is still under trial, and Google hasn’t shared officially for its publisher. ?
What you say? have you enabled EFT for your adsense ?
There is no denying the fact that Google Adsense India has Started Rolling Out Electronic Fund Transfer (EFT) Beta and The most convenient way of getting paid for Google Adsense earnings is the wire transfer payment option.
Thanks for such Sharing such a Great Article.
so usefull post it will help all Indian blogger to move EFT
Nice Sharing .. But why i absence account hold after eft payment setting
why i absence account hold after eft payment setting tell me details pls
Thanks For the best post again ……….
is it necessary to give Intermediary bank details? and what about FFC or FBO?
Have anybody tried this. I fear exchange rates will be lower than what google normally provides.
I was a part of the beta program last month and experience is very good. Though some banks may provide an exchange rate which is lower than others (upto 0.60INR less per dollar), but control is upto your hand.
It’s fast, reliable and hassle free.
Good News For Indian AdSense Publishers. Thanks! For Sharing!
Finally,enabled eft after going thru your article. Thanks for the article.
I want to enable EFT but my bank doesn’t have a swift code. I called the Customer care service but nothing found. What to do?
thanks for providing nice details its very useful to us
I am not getting EFT payment option in my account. As per your instructed way, i am thinking to go, lets see what happen.
hold payments option not available in payment setting page.
Every time I stuck in any issue. I know one place to go and that is Alltechbuzz. Now the problem is solved. Thanks Imran Bro.
WHAT EXACTLY IS THE AVAILABLE AND SUCCESSFULL FORM FOR GETTING PAID FROM ADSENSE IN INDIA.
WIRE TRANSFER OR ANYOTHER FORM??..PLS HELP .ME
Great Article. comments . I was fascinated by the info ! Does anyone know if my business might get access to a blank a form document to type on ?