In just a few easy steps, you can add your Indian bank account to your PayPal account in order to conveniently withdraw your money.
Login to your PayPal account.
Click the 'Profile' subtab on the Account Overview page.
Click the 'Bank Accounts' link in the Financial Information column.
Fill out the Add Bank Account form.
Click 'Add Bank Account'.
You are now able to withdraw funds from your PayPal account to this bank account.
Which bank can I use to withdraw my money?
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.
How long does it take to receive funds to reach my bank account?
It takes 5-7 business days, but may take more time, depending on your bank's policies.
Are there any minimum or maximum withdrawal amounts?
No, there are no minimum withdrawal amounts or maximum withdrawal amounts. However, a non-verified PayPal members can only withdraw US$500 per month.
How much does it cost?
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.
Please note that some banks charge their customers a fee for electronic funds transfers. PayPal can make no assurances that you will not be charged by your bank. Please ask your bank whether it charges for electronic fund transfers before you initiate a withdrawal.
Thursday, November 1, 2007