Some very good news for PayPal users in India

Some very good news for PayPal users in India - Some very...

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Some very good news for PayPal users in India. You can now transfer money from your PayPal account to any of your bank account in India directly from the PayPal website. Earlier, the only option for withdrawing PayPal amount in India was a check that normally took 2-3 weeks for processing. The new e-transfer process should take less than a week. PayPal has also scrapped the withdrawal fees for electronic transfer if the amount withdrawn is more that Rs 7000 and a nominal Rs 50 for small transfers. Earlier PayPal would charge $5 per transaction irrespective of the amount on the cheque. To get your money from PayPal to a bank account in India, all you require is your bank account number and the IFSCI code of the bank branch where you have the account - call your bank customer care service and ask for IFSC code -it's an 11 digit code maintained by The Reserve Bank of India. The e-transfer facility from PayPal India is available to anyone having an account in HDFC Bank, ICICI Bank, ING VYSYA Bank, Axis Bank (
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This note was uploaded on 02/16/2012 for the course AMERICAN I American I taught by Professor Americaninternationcollege during the Spring '12 term at American Internation College.

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Some very good news for PayPal users in India - Some very...

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