Amazon India launched NEFT (National Electronic Funds Transfer) payment method for all Amazon India Associates. 
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Amazon team mailed to their all customers says that “We are excited to announce the launch of NEFT (National Electronic Funds Transfer) as a payment method for all Amazon.in Associates. With this launch, all Associates can now get their earnings deposited directly into their bank accounts (once their earnings exceed INR 1,000).”

The Key Benifits

1. NEFT transfers are a quick and secure way of transferring money.

2. The minimum payment threshold is INR 1,000 for NEFT (vs. INR 2,500 for payment by cheque).

3. There are no fees.

To receiving payments via NEFT you just need to add your bank details on the payment settings.

Payments via NEFT will happen in the last week of August 2014