Withdraw Paypal money in Indian bank account now
This is probably the greatest news for Indian Paypal users. Paypal has now started a new service through which you can withdraw your Paypal money to your Indian bank account.
The banks where you can withdraw your Paypal money are State Bank of India, Bank of India, Canara Bank, Union Bank of India, HDFC Bank, ICICI Bank, ING VYSYA Bank, Axis Bank, Standard Chartered Bank, HSBC, and Citibank. The money transfers will be completed in 7 working days and are free of cost for transfers above Rs. 7,000. For transfers below this amount, there is a charge of Rs. 50.
The best of this news is that there are no minimum or maximum withdrawal amounts for verified Paypal users. For unverified users, the upper limit is USD 500 per month though.
You can add your bank account by going to your Account Overview page and hovering your mouse on the Profile subtab. A drop down menu will appear. Click the ‘Add or Edit Bank Account’ link and on the page that follows, fill your bank account form. Pretty easy.
This new development means no more transferring Paypal money to our US relatives, or using other money transfer services. In the absence of this service, Indian users have been using services like Xoom and Virtual Money International ATM card.
Guess Paypal has finally recognised the rising Indian market.
I'm a marketing communications consultant and a web 2.0 enthusiast based out of New Delhi, India. I also write at 
1. November 2007 at 05:44
Wow,
Now that’s a news….
Now you can gift me “that thing” soon.
1. November 2007 at 13:40
Hi, coincidentally i had the same news on my blog…noticed that you are using blogger…if you want a recent comments widget,do add one by visiting my blog…
2. June 2008 at 15:33
in bank account details they are asking for isfc code.i dont know what it is……please help
TVN.RAHULs last blog post..25-50 games direct link download
2. June 2008 at 17:39
@TVN.RAHUL, you have to call up your bank’s customer service for that. i did the same with my bank Axis Bank, and they provided me in a jiffy.
Palin Ningthoujams last blog post..Working with Journalists - What You Should Know
26. September 2008 at 16:39
thnx for reply.
14. October 2008 at 18:52
DEAR PALIN
WHETHER THERE IS ANY LIMIT FOR WITHDRAWING MONEY TO INDIAN BANK ACCOUNT IN INDIA FOR VERIFIED PAYPAL ACCOUNT.AND WHAT IS THE LIMIT FOR UNVERIFIED PAYPAL ACCOUNT IN INDIA
2. December 2008 at 21:52
hi my dear
i am iranian and wanna to have a paypal account but for politic problems between iran and usa paypal not accept iranians
so
i wanna to create a india paypal account
can you help me?
i scare about limitation
2. January 2009 at 19:28
Hi….
The no of banks has grown now… We can transfer the money to a lot of banks now thru paypal…
Check out Withdraw money from paypal to Bank in India for some more details.
Cheers,
Sujan
2. January 2009 at 19:33
Hi….
The no of banks has grown now… We can transfer the money to a lot of banks now thru paypal…
Check out Withdraw money from paypal to Bank in India for some more details.
Cheers,
Sujan