Withdraw money from PayPal to Indian Bank Accounts now
By Ashish MohtaNow you can add your Indian bank account to your PayPal account, so you can withdraw your money directly to your bank. It saves you time and gives you faster access to your PayPal funds! On top of it there is no charge to withdrawal amounts
over INR 7000* However if you withdraw an amount less than 7000 they will charge INR 50.
This is a great feature now in PayPal which will pull down many services like xoom and others who used to charge a lot of transaction. Login to your PayPal account and click on Withdraw money. Now you will see option of bot withdrawing to an Indian account and us bank account as well. So if you are in America and want to transfer money to any Indian bank, Its a simple process now. Finally the discussion of transferring money to Indian Debbit cards have to come to an end now
The Listed Indian Banks which are included in PayPal withdrawal list for Indians
- 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
- Citibank
However some banks like IDBI is not there. But Thank a lot to PayPal for including this for India. Life will be lot easier.


However you will need IFSC Code ( Click to get the codes for your bank) which is 11 digit code for the bank. Call the bank people and they will let you know.
Indian Financial System Code (IFSC)
The Indian Financial System Code (IFSC) is an alpha-numeric code designed to uniquely identify bank branches in India. This is an 11 -digit code with the first four characters representing the bank code, the next character is a control character, and the last 6 characters identify the branch.
The Reserve Bank of India publishes the IFSC and MICR codes, but only IFSC codes should be used. Please contact your bank in India for this code.
|
About The Author of this article: Ashish is one of the co-author of this blog and writes on various interesting softwares, PC tips and more. You can read more of his articles here. |
Enjoyed this article? Download our Toolbar and read us more quickly or Subscribe to the Full RSS Feed or Get Post like this in your Inbox Click to get via Email ( You will have to confirm by checking you Inbox)
Readers Play Ground
- Add your Comments or Discuss further in our forums
Enjoyed this article? Subscribe to the Full RSS Feed
- Email This Post to your friends or somebody who can use it
-
Tags: add-indian-bank-paypal, paypal-withdraw-money, transfer-paypal-indian-account, transfer-paypal-money
- Get Post like this in your Inbox Click to get via Email ( You will have to confirm by checking you Inbox)
- Read More Stories from E-Commerce
24 Comments and Link-Backs to “Withdraw money from PayPal to Indian Bank Accounts now”
Click Me and Jump to Add your Comment :)
22 Comments from Friends and Readers
2 Trackbacks/Pingbacks - Other blogs referencing this article
- Pingback: PayPal allows to transfer money to your debit card account on November 2, 2007
- Pingback: Indian Banks IFSC codes which can be used with PayPal on November 21, 2007




When i click the withdraw link (i am in the US), I do not get the option of adding an account other than a US account!
Get an Indian Credit card and get it verified. I am guessing that since we have indian verified cards the options got enabled. If you do the same you should also see. Try it.
If that works then you can transfer funds directly to indian accounts even if ur in US.
Thanks for the tip. Call me ignorant or wrapped in the ‘comforts’ of the western hemisphere (that is the US, right?!) , but…..is it possible to get an Indian Credit Card from here in the US??
If I can set it up like you say, life will be pretty good!
Really not sure of that. But since you want to transfer money to india, you must be having someone here. I am not sure whats your stats on that. If your family is here or even if you have a bank account in India , get a credit card from the bank listed in the paypal list.
You can email me directly if you want
Ashish
Thanks. Will do.
Rakesh
2. ICICI should be in us , Correct me if I am wrong. Try to get in touch with them and see what they can do.
3. You can create a virtual credit card also. Some of the banks ( I am not sure which onces) allows you to create virtual credit card. You can then use it to become and Indian Verifier and see if the options are available.
I would recommend thrid tip to be folllowed first.
Thanks for the compliment on the mail
Ashish
Thank you again for these helpful tips.
Will let you know how things progress.
This will download an excel file where you can search for the bank name. However I will still suggest you to call the bank and confirm. This link is taken from ICICI bank site.
one more thing i want to tell u is i am student & i think i am not elegible to apply credit card correct me if i am wrong please…
Actually i don’t have credit card and i want to purchase something.
PLease email me.
Thanks
Rahul Gupta
rahulgupta@viomcreations-india.com
I want to know wat is the procedure to register with paypal.
Do i have to enclose my credit card details to paypal . I am afraid of it . Maybe my information will go to in wrong hands or is it posible that paypal deduct any amount from my credit card .
My moto is get money from outside of INDIA and paypal is very popular in US & Europe .
Please let me know that their is any other way to get money direct to my SBI a/c from outside of INDIA .
If available any way please let me know about it and its charges and money transction time.
Which one will better for me .
Hope to hear soon
In case you want more information, I would suggest you to open a topic in our forums.
I’ve a big problem with my Paypal.. can any one help…?
I leave in Bangladesh. since some days I manage a virtual credit card. and create a Paypal account with my Home Address, but use the Country Name: India. and verify my account with the vcc.
All are worked fine… to day I received some money from Paypal by Bonus like $1.95 and received about $25.* from some where.
after that I need to renew my some domains from Dynadot.com.. So when I click the pay button form Paypal… SSHHOCKED…
my account has been limited.. and I can’t use it…
then I login to my paypal account. and click the link [ Your account access is limited. Learn how to remove this limitation. ]
Paypal need to prof of address…
and Paypal want a photo copy of my utility bill… that prof, I’m a Indian people..
So tell me where I can get that…? I’ve no friend from India. since I’m chatting some time.. not all days.
So this is my problem..
can any one help me about this issue. then I’ll gift him my all account balance. that about $27.48 USD
all he need to provide me a utility bill copy and 2 passport size image.
then I’ll change all the information that I used for creating this account.
after the verification will complete I’ll send you the whole money..
Please help me…
Best Regards.
Sadi Chowdhury
Ashish
Thanks for reply my post.
I know that, but I can’t re open the account due to I’ve said I’m from Bangladesh, and Paypal can’t accept this country, this is cause I’m going to open this account with face address.
if some one didn’t believe me.. then I’ll post him my paypal info. then he will do by him self. then I’ll gift him the account balance.
Please …
Best Regards.
Sadi Chowdhury
can any one help me to get a Paypal Account… ?