Comments on: Withdraw money from PayPal to Indian Bank Accounts now

By: swapnil

swapnil — Fri, 20 Nov 2009 08:51:12 +0000

I want to transfer money from my ICICI bank account(in delhi) to paypal account..
how can i do that? please help me.. the option of name of banks is not coming in mine..

By: SILAJEET

SILAJEET — Tue, 17 Nov 2009 16:54:13 +0000

This question has been asked by a number of guys ppl, bt sumhw, the answer still evades me… the 4-digit paypal code! Hw to decipher it?? I have used a debit card of STATE BANK OF INDIA for registering, bt the transaction details (for the refundable amt PP deducted) dont show anything with either “PP” or “EXPUSE” as stated in a “helpful” mailer from PayPal. At a loss! PLEASE HELP!

By: Ashish Mohta

Ashish Mohta — Tue, 17 Nov 2009 02:29:26 +0000

@Rajiv : It will always be checking. I have the same.

By: Rajiv

Rajiv — Mon, 16 Nov 2009 16:11:02 +0000

Hi Ashish,

Thanks a lot for the information. I added my CitiBank Pune account successfully to my PayPal Account. The problem is when I try to withdraw any money to my citi account , it says (in the review information screen )that the account is a checking account, but on the contrary, my account is a savings account. Please let me know if this is plausible and my money will be successfully transferred to my account. I also checked that, when we try to add a account, there is no option to select Savings/Checkings.

Thanks and Regards,

Rajiv Ambegaokar.

By: Paul

Paul — Mon, 16 Nov 2009 13:56:47 +0000

Hi,

Is it Legal to receive money via PayPal ? Is there any kind of permissions / approvals we need to get for accepting money via Paypal?

Thanks.

By: Ashish Mohta

Ashish Mohta — Sun, 15 Nov 2009 07:34:12 +0000

@Ajay : Yes it will

By: Ajay

Ajay — Sun, 15 Nov 2009 06:32:38 +0000

Hello,
I want to transfer my paypal fund to my bank a/c.My paypal a/c is unverified.So will they tansfer payment to my bank a/c?

By: Abhishek

Abhishek — Mon, 02 Nov 2009 08:06:25 +0000

Thanks Ashish for sharing this info. I am really thankful to you. I was totally confused over this issue..:)

By: Ashish Mohta

Ashish Mohta — Mon, 02 Nov 2009 07:49:24 +0000

@Abhishek : No. I have recently transferred money and no amount was deducted from that. 5$ was deducted before not now.

By: Abhishek

Abhishek — Mon, 02 Nov 2009 07:31:37 +0000

For transfer less than 7000 INR, amount deducted is only Rs. 50? I am planning to transfer 2k to my ICICI bank a/c. One of my friend using paypal says they deduct 5$ fro the transfer. Is it true? bcoz that’s quite good amount of money for us.