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Now withdraw PayPal funds to your Indian bank account

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Good news for PayPal users from India. Now you can add your Indian bank account to your PayPal account, so you can withdraw your money directly to your bank.

Right now, State Bank of India , Bank of India, Canara Bank, Union Bank of India, HDFC Bank, ICICI Bank, ING VYSYA Bank, UTI Bank, Standard Chartered Bank, HSBC, Citibank are the participating banks. It may take 5-7 business days for a transaction.

  1. Log in to your PayPal account.
  2. Click the Profile subtab.
  3. Click the Bank Accounts link in the Financial Information column.
  4. Click Add.
  5. Fill out the Add Bank Account form.
  6. Click Add Bank Account.

For withdrawal amounts of more than 7,000 Rupees are free. For withdrawal amounts of less then 7,000 Rupees, there will be a fee of 50 Rupees.

 
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5 responses to “Now withdraw PayPal funds to your Indian bank account”

  1. Vaibhav says:

    Interesting feature. This was a long awaited one.

    Chow

    Vaibhav

    Helping laymen become technology enthusiast at http://technofriends.wordpress.com

  2. Arpit says:

    I was waiting for this feature in paypal. Before this i was using xoom for that purpose.

    I still have some questions about conversion rate paypal is offering. Did they mention anything about that?

  3. thinkdj says:

    Woohoo Ahkil … πŸ˜€

    This is indeed good news for you.. πŸ˜‰

  4. Yaay! Dancing around :D/

    My money is coming!!

 
 

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