PayPal Users in India Need to Update Accounts

Ever since the Indian Government /RBI restricted the operations of PayPal in India, it became mandatory for PayPal users in India to provide bank account details and their income tax number (PAN) before they could receive payments or withdraw money from PayPal.

If you are using PayPal in India and haven’t provided these required account details to PayPal yet, you should do so now because today – August 22 – is the last date.

Your account will continue to remain active but you will neither be able to receive payments into your PayPal account nor can you withdraw money from PayPal to your local bank in India if the Purpose Code, PAN and bank account details aren’t available with PayPal.

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Auto-Withdraw PayPal Money to India

One more thing. The RBI rules require that PayPal users do not maintain any balance in their online account and that all money received into PayPal must be transferred to an Indian bank within 7 days.

To comply with this rule, PayPal had added an ‘auto-withdrawal’ feature that you can enable and the money will automatically get transferred from your PayPal account into your bank account in India. You can access the setting under My Account – > Profile – > Bank Account.

Amit Agarwal

Amit Agarwal

Google Developer Expert, Google Cloud Champion

Amit Agarwal is a Google Developer Expert in Google Workspace and Google Apps Script. He holds an engineering degree in Computer Science (I.I.T.) and is the first professional blogger in India.

Amit has developed several popular Google add-ons including Mail Merge for Gmail and Document Studio. Read more on Lifehacker and YourStory

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Awards & Titles

Digital Inspiration has won several awards since it's launch in 2004.

Google Developer Expert

Google Developer Expert

Google awarded us the Google Developer Expert award recogizing our work in Google Workspace.

ProductHunt Golden Kitty

ProductHunt Golden Kitty

Our Gmail tool won the Lifehack of the Year award at ProductHunt Golden Kitty Awards in 2017.

Microsoft MVP Alumni

Microsoft MVP Alumni

Microsoft awarded us the Most Valuable Professional (MVP) title for 5 years in a row.

Google Cloud Champion

Google Cloud Champion

Google awarded us the Champion Innovator title recognizing our technical skill and expertise.

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