How many of you can recall ‘Ads for Indians’? It was the very first Indian Ad Network started in 2004. At that time it was the only network which had Offices in India (along with US) and served Ads targeted to Indian audience. One of our network site had been running ads from them since the very beginning.
The network is well operated with stats for each day being published at the end of the day (US Time). The minimum payout is INR 800. You have the option of NEFT transfer. In the past they also used to have Paypal and Cheque option. Payment wise they are very prompt and you get paid by the 10th of the next month.
They work on variable CPC concept, where in you get paid on CPM basis if your CTR is very low. However, their rate for CPM and CPC both is quit low. More ever, they only pay for “Quality” clicks , which means they will only pay for the clicks they deem fit. The CPC rate most of the times is Rs. 1.5 , which in some rare circumstances can go as high is Rs. 5.
To give you an idea, one of the sites (getting around 25k visitors daily) running ads for Indians network ads (below the fold) made Rs.21 for 14 ‘quality’ clicks from 58k impressions.
Ads for Indians network is not recommended as they have very limited number of advertisers on their network and the payout rate is also very low. At the time it used to be the only alternative to Adsense for Indian traffic.