Buy e-gold
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Deposits in India To Resume
Friday, July 21st, 2006 Posted in Buy Orders |
Hello All.
I am pleased to announce that we are now reopening our service to India!
We are now accepting local deposits to an Indian Bank account.
Please be aware that, due to the high costs required to cover red tape of doing business in India , BUY orders from India will incur an additional 1% fee on top of our current fees as listed on the RATES pages. We hope to be able to reduce this, however I am sure you are all very familiar with the costs of carrying a similar service in India.
Please note that although the payment will be done locally in Rupees, the order must be placed in USD. Once funds are received and cleared by our local agent, your order will receive the updated and current exchange rate of that day.
Regards.
Admin.
TheGoldShop.biz
http://www.thegoldshop.biz
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HI , hope you will come back .
I guess you are preparing to rock our country .
Wishing you ALL THE BEST ..
Jai .
INDIA .
I want to buy e-gold, does ur website offer this facility for indians now. I have used ur services one year before.
Thanks admin, Please try to expect deposits in India again as soon as possible & please let us know.
Thank You
LAXMAN SR
Hello LAXMAN SR.
We are expecting to be able to take deposits in India again within the next 3 to 4 weeks.
Please note we will NOT be using ICICI Bank. We will have a new bank account available.
A news post will be made closer to the time.
Admin
TheGoldShop.biz
http://www.thegolshop.biz
Hi admin,
When will you start accepting deposits from India again. Is it the current problem with ICICI bank is over?
Hello Amit Shah.
No, we will make it perfectly clear when we are able to take deposits in India again - we will not be using any of our old bank accounts.
Firstly, there is no deposit option for India on our buy order form - this will be the first thing that changes if / when India starts up again.
Do not make any deposit into any of old bank accounts.
Admin
TheGoldShop.biz
http://www.thegoldshop.biz
Are your services still suspended in india or are they back to normal ? Should i make a deposit in ur icici account
Hello kumar.
The HSBC account was closed when it was no longer required. At the moment we can not do anything until we have the funds ICICI Bank has of ours. We looked into other banks and will be ready once this ICICI mess is over.
Good to hear the RBI is taking steps to ensure the security of customer funds and transfers. The current situation is ridiculous.
The Wells Fargo / ICICI Bank connection has not help so far. The account that is being bank wired IS a Wells Fargo account …
Admin
TheGoldShop.biz
http://www.thegoldshop.biz
Hello,
I find that ICICI bank has tied up with WELLS FARGO bank in USA so if you wish to open a account with WELLS FRAGO Bank in USA and then tranfer your stuck up funds to that bank in USA probably you will be able to get through easily.
Please check ICICI bank website for details.
Hello,
I would like to ask what happend to your account with HSBC ? I believe it is still operational. Can you not continue with HSBC ?
Also you can setup account with ABN AMRO, UTI, HDFC these banks have more open policy and fast transfers for bank wires.
Also RBI is coming up with guidelines for banks to transfer amounts within 6 days for outstaion cheques and bank wires or they can be sued.
Hope this improves situation.
Thanks,
kumar
Hello Amit Chougule.
Our problems I think are being mainly caused by ICICI Bank. Other companies (at this time) may have a better relationship with ICICI Bank and so are not having the same problems we are. It is a very unfortunate (and very unprofessional of ICICI Bank) situation.
We have been looking into other banks and after the current problem with ICICI Bank is finalized there is a good possibility we will have a deposit option again in India.
If any new deposit option is made available in India we will have to increase our due diligence requirements and it may only be made available to return clients - we will consider what can be done to ensure problems like what we are having now with ICICI Bank do not happen again. We would prefer to have a Indian deposit option available even if it means we have fewer clients.
Admin
TheGoldShop.biz
http://www.thegoldshop.biz
Hi Admin of TGS,
It has come to my notice that a similar website is conducting business of buying/selling e-gold in India through ICICI bank. Maybe we should try to figure what is their policy in transferring funds from India to other countries.
I would also like to suggest other banks such as UTI Bank, HDFC Bank etc..
Thanks,
Amit.
Hello All.
For Rabi Prasad Rao, sadly we have no other funding options for India available right now.
For T Ranjan, sadly I do not think it is progressing well and it may well take longer then expected. I have no idea how long at the moment.
For Amit Chougule, I have no idea really, I suspect it has a lot more to do with the bank we used - ICICI Bank - they where the start of the problems and they may have somehow caused the RBI intervention. I suspect this issue may have nothing to do with the RBI and all to do with ICICI Bank.
At the moment ICICI Bank is sitting on a lot of funds, if you want to get business moving again try contacting ICICI Bank and tell them to send the ordered bank wires from our account. Until that happens I do not see anymore business being done in India with Indian banks.
Admin
TheGoldShop.biz
http://www.thegoldshop.biz
Dear TGS,
In view of your problem with RBI, I would like to ask how is that other websites from foreign countries offer their services of buying / selling e-gold in India? Why is it that only you people are facing problems from RBI and not others??
Please be assured that this is just one of my queries & in no way am I questioning your honesty or reliability.
Regards,
Amit.
Dear TGS
Can u just provide a right time frame for the solution to the current situation. Or provide us some alternative way to fund E-Gold.
Regards
T Ranjan
Please provide some other option so that I can fund my E-gold account.
Hello Rabi Prasad Rao.
We are not simpliy just “delaying the matter” - we are waiting on some substancial bank wires to leave India and be received us - we will not simply complete orders when we do not receive your funds.
Admin
TheGoldShop.biz
http://www.thegoldshop.biz
Hello admin
You are always good at your service. But this time you are just delaying the matter. If u cannot solve this then please provide us some other alternative way to fund E-Gold.
Regards
Ravi Prasad Rao
Hello sagar.
Sadly no, I would love too, but we are still waiting for the main issues in India to be resolved. Until we receive our bank wires we can not take anymore deposits.
Admin
TheGoldShop.biz
http://www.thegoldshop.biz
Admin, will u accept now for fresh deposits in ICICI bank for worth of 500 dollars of egold.
Hello All.
Firstly, all outstanding pending orders have been completed. This has been done without us receiving your funds - we do expect to get the funds at some stage but at this time we believe it was best to complete them as all the deposits where made in good faith.
To arvind, sadly we do not have a credit card merchant account and so at this time can not accept any payments using credit cards.
To Bharath, sadly yes, there are problems now there too. We are working with our payment processor to have all the recent sell orders returned so we may refund our clients e-gold. We are not taking anymore sell orders into Indian bank accounts at this time. If the problem can be sorted out we will complete the orders but at this time I prefer not to delay our clients even a day more and to cancel the orders should be quicker.
So now, as before we are still in waiting for our Indian payment processor and bank account problems to be resolved. I have not heard any good reports from our payment processor over the last few weeks - hopefully progress is being made and we will be able to return to business as usual in India within the next few weeks.
Admin
TheGoldShop.biz
http://www.thegoldshop.biz
Hi guys it so much seems that even their Sell orders are with held..
I adviced my friend to carry out a seel order as i got from TGS that all their process were ready except for the Buy egold service ..But my friends bank called him up and told him that there is a teporary hold on TGS accounts..
IM sure TGS are doing their best to come back to business …Hope they will
sir,
it seems some problems have come forward regarding cash deposits in india but can we send u funds via credit card as well————-if so how long will it take to fund oue e gold?
sir, thanking you for processing of held up accounts of my referrals
Hello All.
Firstly, thank you for your support karthik.cmouli, you are right that we do the very best we can and do not want to under any circumstances delay any orders placed with our company.
To Amit Chougule, I hope to when business in India returns to normal we can help you with your e-gold needs - still we are not confident this situation will resolve quickly - we started out thinking around 3 to 4 weeks and we think this is still the case - so sadly a couple of weeks yet.
Now, Saurabh Gupta, shahul hameed shaik and the few others that have been caught up in this unfortunate mess, we really can only do what we can do, our payment processor is working with the Indian Reserve Bank to clear the bank wires and have them sent on their way. We did not expect, and from experience, had no idea that things can change that much that one day all our bank wires are held - whereas before they went through the Indian banking system without any problems.
We will review the current situation, as it is going on longer then expected (not the problem but the delay in pending clearances) within the next 24 hours and post here if any change in decision is made.
Admin
TheGoldShop.biz
http://www.thegoldshop.biz
hi admin,
sorry to see that you guys are taking so much flak,just hope that u resolve this issue soon with RBI.
do give us a daily update if you can so that we may have an idea as to what is happening.
as for the rest,guys,i think we should be patient.
anyway do let us all know.
i know that goldshop.biz is one great company,
have a nice day all,
regds,
k
Hi Admin of TGS,
Initially I was very glad to hear that buying e-gold in India would be convenient because of goldshop.biz. But I was sad to learn that you have started facing problems so soon. Although I am not a client of goldshop.biz, I am really looking forward to doing business with you.
Please resolve this issue as soon as possible and kindly resume your services at the earliest.
Please keep us updated.
Dear TGS Team,
Kindly update us on the issue, Mine was the first order with you people (TGS-5087) but unfortunately got stuck, may i brought this bad luck. I am eagerly waiting for my e-gold to be funded. I would request you to update us (indian members) that what problem you are really facing.
Kindly do something to fund our e-gold accounts ASAP.
Saurabh (Ludhiana, Punjab)
online.saurabh@gawab.com
sir ,I personally referred so many persons to your company for buying orders now they facing problems with your diplomatic issues, side by side Iam losing my dignity as well.
Thanking you
shahul_m30@yahoo.co.in
sir, infact you are dealing with the Reserve bank of india but you should clear all the orders pending with you at this moment to uphold your dignity in the public.Dont you have enough resources to clear pending disposals which are in very small quantities.Without resources and reserve money how well could you enter the Indian market?pls clarify
thank you
shahul hameed shaik
Hello Tapas Ranjan Pati.
We are not holding you money on purpose and at this time we do not even have it. We are working with our Indian payment processor to have this resolved and all outstanding pending orders completed.
Note, our payment processor is already talking with the Reserve Bank of India about this - as it is the Reserve Bank who actually has the funds.
We pride ourselves on good service, work at being as fast as we can and having as many return clients as possible - we would in no way delay any order once we have the funds.
We know this delay is frustrating and we understand your concerns and we are very sorry for this less then ideal process we are all currently experiencing.
Admin
TheGoldShop.biz
http://www.thegoldshop.biz
tapas BACK OFF! frankly i have done many transactions with goldshop biz and they have always been honest and fast.the same kind of prob happened before and they resolved it and i am sure that they will resolve this ASAP.
admin,pls do keep us updated as to when this prob will be resolved.will wait until then to buy egold,
have a nice day all,
karthik
i have many transactions through your company. Bot sorry to say this time that you are just delaying the things. Either you fund my E-Gold account (3339101) or refund the money. Other wise I’ve to approach the FEDERAL AUTHORITY, RESERVE BANK OF INDIA, INTERPOL for cancellation of you licence under different ACTS of INDIAN PENAL CODE.
Regards
Tapas ranjan Pati
Mob- 91-9937319785
Hello shahul hameed shaik.
We are working with our payment processor to have all the pending deposits cleared and orders completed as soon as possible. We know this is not a good situation and we are doing all we can to resolve it. No one will lose any money here, sadly though some deposits have been delayed.
Admin
TheGoldShop.biz
http://www.thegoldshop.biz
Sir, you people should clear all the transactions which have been made before your suspending activities coz they were unaware of this problem and made huge deposits to your account falsely and foolishly.
Thanking you
shahul hameed shaik
Hello sunil.
At this time we are not taking deposits in India. As expected it is taking sometime with our Indian bank to sort out the issues affecting our business.
Admin.
TheGoldShop.biz
http://www.thegoldshop.biz
Hello,
Have you resumed the Indian operation of taking depsoit from ICICI bank thanks.
Dear Sir.
We have no problems at all taking your e-gold and transfering funds.
We are only experiencing problems sending bank wires out of India (to overseas banks), there is not anything actually wrong with our bank account.
Our sell orders for India are performing as normal and usual.
If you want to sell your e-gold please place your order here: https://www.thegoldshop.biz/sell-egold-investment.php
Admin
TheGoldShop.biz
http://www.thegoldshop.biz
Hullo Im new to this whole thing of e-gold
But i do have a decent amount of e-currency in my account need to change it to cash .as you say that you are experiencing some problem with your accounts …Are your Sell orders from India going correctly?
Because i want to cash out..
Any Indian who would like to help me out with this whole sell order please mail me at admin@blazeout.net …..
Thank YOu
Hello Manas Ranjan Pati.
We are sorry for this situation and we are doing all we can to bring back normal operations. This temporary suspension has been caused by the Indian banking system and sadly we have to wait until it is resolved.
As mentioned before we are not expecting a quick turnaround back to normal - it could be 3 weeks before we can return to “business as usual”.
We will open up Indian deposits again as soon as possible.
Admin.
TheGoldShop.biz
http://www.thegoldshop.biz
I am a regular customer of Gold Shop.biz. I am from India. I always make cash deposit in ICICI Bank at India. But now there is some problem. Please tell me how many days you will take to solve it. I am facing a lot of problem in buying E-gold.
Regards
Manas Ranjan Pati
Hello Govindamma.
We are unsure when business will return to normal - we hope this situation will be resolved within a few weeks at the most.
At this time nothing can be done until a number of bank wires that have been ordered have been sent *and* received in our US bank account.
Admin.
TheGoldShop.biz
http://www.thegoldshop.biz
I have made several transactions with thegoldshop with very good fast transactions. I am handicapped with the present halt in services. When the services will be normalised?.
We are working on resolving this situation.
At this time we are endeavoring to either return the funds that have been unfortunately held up or have the orders completed.
We expect to have this resolved within the next 24 to 48 hours.
We are extremely sorry for the inconvenience caused to our clients.
Please note, no one, will lose their money that they have deposited, either it will be returned or the orders completed - we are hoping the orders can be completed within the above quote timeframe.
Thank you for your patience and understanding.
Admin
TheGoldShop.biz
http://www.thegoldshop.biz
Thanx 4
make us being updated….
Thanking you
PARMESHWAR HANSDA