Withdraw PayPal Money Directly to A Bank Account in India for Free

That’s nice to hear….it used to be a tough task earlier to get money from PAYPAL.Thank god..they made it for us…

Amit,
What about the Import Export license. Is it required to withdraw any money into India? (Paypal or otherwise)

NICE INFO FOR NETIZENS.THANX.

link

Cool..

It had to come some day..

BTW Rajeev don’t put links in your comments. High traffic blogs turn off comments due to proplr like you.

Yup, even I was pretty happy with this news. I used to withdraw to my VISA card, which had a $5 fee.

However, the news didn’t turn out all that good for me as I use ABN Amro and that is not a participatory bank with PayPal.

:(

Good News and thanks to Amit.

I have been using the check till now and faced lot of issues.

Thanks again.

Thanks for the update.
I followed you, and did my first $200 transaction to my ICICI account.. Whooop – it takes around 2 days only.. Life was not easier before. :D

Can you help in how to work out of tax with online income ? A new post would be gr8.

A post about tax and online income would be great.

did the participate bank will charge
any amount for withdrawal?

share your exp.

It’s gr8 news,now transferring money to my parents is lot easy :)

Meet,
I requested withdrawal of 150$ on the 15th of november from paypal to my SBI account. In paypal account overview I see the status as completed. But the money has not yet come to my SBI account. By what means and by which name did you receive your 200$ ?

I tried to transfer account to Axis Bank. But it reversed and my 250INR cut. I dont understand why?? I use paypal business account. Please guide!

can i open account in india. i want to send money to other country.

where is the option to enter IFSC code? its asking for VISA/MasterCard no. I want to add my debit card which was not earlier accepted by paypal… is it because my IFSC code was not yet generated by my bank? once this service was enabled can I able to add my card? please let me know…

Hi, I have successfully transfered money to my SBI and ICICI account. now i want to transfer to my parents accounts but want to make sure before proceed so that transaction never fail. Any other user have such experience. Please share if any ?

Thanks

I suppose this is first step towards paypal opening its function for India too.
I mean accpeting INR value too.
I am waiting for that since it will be greatest boon to E-Commerce In India as there is no such free payment gateway in India.

Do you mean to say that we should have a bank account in the same business name as that of paypal ? Or is a personal bank account ok? i am having a business account with paypal. Can you please answer my question. thanks for the wonderful post amit.

I have found the following info in PAYPAL site in my account :
—————–

Add a bank account in India Secure Transaction

The safety and security of your bank account information is protected by PayPal. We will never reveal your financial information, and PayPal will notify you by email whenever you initiate a transaction with this bank account.

Your bank account in India must be able to receive payments in India Rupees.

Please enter your name exactly as it appears on your bank account. If the names do not match, your payment will be returned and a return fee will be charged. Learn more

PayPal uses the National Electronic Funds Transfer (NEFT) system. Please provide the IFSC code of a participating branch location. If you provide an IFSC code from a bank branch that is not part of the NEFT network, your withdrawal will not be completed and a return fee will be charged. Learn more

What is the maximum limit of money to transfer to india from abroad. Then is ther any tax deducted by Pay pall or it’s upto the person who is receivng the fund.

When withdrawing fund from Paypal to State Bank of India, do I have to mention the 11 digit A/c no. which is in the passbook or the full 17 digit core banking A/c no. ?

hai sir,
i have registered in paypal, but i have one doubt that in the last step of sign up in paypal they are asking the account number of credit card or debit card.sir,i have no credit card,i have only state bank of india bank account having only atm card.is it possible enough to sign up in paypal.i am already doing job via internet and having accont internationally.and is it possible to transfer dollars to my bank account through paypal,
thanks and regards,
vijulal.v.s

where is the option to enter IFSC code? its asking for VISA/MasterCard no. I want to add my debit card which was not earlier accepted by paypal… is it because my IFSC code was not yet generated by my bank? once this service was enabled can I able to add my card? please let me know…

many of the questions asked here are so elementary.. please go to paypal.com and you get the answers there..

the real questions are related to practical working of paypal in india..

whats the status of transaction delays in govt banks in india?

should we be having the paypal account in the same name of our business name or bank account name?

What is the maximum limit of money to transfer to india from abroad. Then is ther any tax deducted by Pay pall or it’s upto the person who is receivng the fund.

hi,
i linked my icici bank account. now i’m not able to transfer money to my account and they want me link my credit card?

is it really credit card? bcoz i dont have . or debit card will do?

Its really frustrating….

can i add my debit card to pay pal account to withdraw and send money

Hi i have opened a paypal account, and wish to with draw money to my HDFCbank in india? I have the IFSC can i proceedand transfer the paypal account? pls let me know if its possible with this bank and do they support the NEFT system

how can i attach my icici account to my paypal account

Is it possible to trasfer funds to paypal account from the ICICI bank account. I have tried linking my debit card to paypay account but denied by the bank, though my bank account has been linked. Or is there any other simple way of transfering money to the paypal account, other than linking the credit card.

Hi,It’s all frustrating to go through unanswered questions which are really very important.
some one who has done a sucessfully transaction must mention all process from confirmation of paypal a/c with cr/dr card to further realisation of funds on hand.Is there any contact phone of paypal /ebay / consulting person who can guide on this matter ? may be a realy a great help to all & god bless him.

When I created the paypal account, I have wrongly created as business account instead of personal account. I have given the “Business Name” as “Online Job” because i thought that they asked for nature of business. But that is reflecting as Bank account holder’s name in the transaction. But the account is different. Yesterday, the amount has been deposited into my account, but immediately after that it has been debited with the reason “NAME MISMATCH”. I could not see the returned payment also in my paypal account.can anyone advise me on what can be done to get my payment back.

Is it possible to trasfer funds to paypal account from the ICICI bank account. I have tried linking my debit card to paypay account but denied by the bank, though my bank account has been linked. Or is there any other simple way of transfering money to the paypal account, other than linking the credit card. Is there any minimum amount balance which is required to heve in bank account

What the guy did not tell you the inner story. I did a test send and by the time it reached the person, there was so much of this and that cut.

first to receive money you pay 3.9% if you are getting money from the US, then they give you a lower rupee rate, which is lower than what the current rate is.

The to send money to your account there is another charge.

They are making money all the way.

The problem is that HSBC (Mumbai) says that they dont offer this service despite being a participatory bank.

PayPal is the best way to transfer money worldwide. Recently I have received amount successfuly from PayPal to My Axis Bank account.
By the way Axis Bank providing best service than other bank in India. PayPal and Axis Bank is best pair for new cutomer.

Hi i have transferred some money from paypal to my AXIS bank account, in paypal it is showing like compleated in status field but money is not credited yet, please tell me reasons why?

Hi! I have open an account with paypal.I want to know went the amount receive to paypal account how i can came to know about this and how could in transfer into my bank account. Please reply me as soon as possible.

Hi

I’d like to know if I can accept payment in Indian Rupees using Paypal, i.e I have a online store using CCavenue payment gateway and I want to replace it using Paypal. Can I do that.

I run an online store where I sell fashion clothing in INR and want to use Paypal now.

Mr Amit i just want to know that how much time paypal takes to transfer money to my India hdfc bank. Bcs yesterday i withdrawal money from my paypal acc to my Indian hdfc bank. I did not get the money till now but in my payapl acc it shows transaction complete. Pls let me know what to do.

I linked my bank account to paypal successfully. But I linked my PNB account with it. But I think paypal don’t accept PNB. Now can I withdraw money from my paypal account to my bank account? Or I can’t coz I have added PNB account which is not in their list. Please do reply me.

i just wanted to know what type of account to opt(personal or premium or business) for if we want to transfer our money we get from any survey site to PAYPAL to our account in india….

if we use Paypal for online gaming, then incase of any winnings, do they charge income tax on it

any necessary of credit or debit card to withdraw money to India. i have savings account in state bank of Hyderabad ,basically iam student how can i pay tax returns can u explain please anybody

what is the maximum limit of withdrawing money to india any body explain me.and how much tax should i pay when i withdraw thousand dollars anybody help me

without adding credit card number to paypal account can i receive payments to my paypal account explain me please

i think the problem is solved for transfering the money from paypal account to indian bank . what about depositing money into paypal account . how can we send money to paypal account . with indian banks .

Besides the withdrawal fee of 50Rs, does Paypal add any more charges at the time of withdrawal?

Also, for the wire transfer to an Indian bank account, would the Indian bank charge any service charge/education cess, etc or will I get the entire amount (less 50) that I had in my Paypal account?

Hi, can you please clear somethings up:-

1) Does our bank account charge anything for the transfer?
2) Where can i get the currency convertion rate to INR from USD for paypal?
3) For SBI which card to use to get verified, and where can i find details about it?

Hi,
My SBI branch has an IFSC code but no SWIFT transfer facility.Can I surely withdraw from my paypal account

Hi Sir,

I have registered in paypal, but I have one doubt that in the last step of sign up in paypal they are asking for the account number of credit card or debit card.sir,I have no credit card,I have only citibank account having only atm card.Is it possible to withdraw from paypal then???

Please answer to following queries:
1)Where is the option to enter IFSC code? its asking for VISA/MasterCard no. I want to add my debit card which was not earlier accepted by paypal
2)Where can I get the currency convertion rate to INR from USD for paypal?

Please revert back on the same ASAP.

regards,
Jayashree

i tried to withdraw funds from paypal (premier account)two times to my J&K bank account,srinagar, which accepts funds through NEFT. i provided accurate IFSC code but transaction was reversed both times. pls guide

Hi Sir,

I have registered in paypal, but I have one doubt that in the last step of sign up in paypal they are asking for the account number of credit card or debit card.sir,I have no credit card,I have only citibank account having only atm card.Is it possible to withdraw from paypal then???

Please answer to following queries:
1)Where is the option to enter IFSC code? its asking for VISA/MasterCard no. I want to add my debit card which was not earlier accepted by paypal
2)Where can I get the currency convertion rate to INR from USD for paypal?

Please revert back on the same ASAP.