New Withdrawals Features
Available with PayPal in INDIA
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paypal Account
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Withdraw Funds to Your Bank Account or
Your Visa ® Credit Card
eBay's online
payment division and the global leader in online payments, PayPal,
has added two new withdrawal features for its Indian members.
Now, eBay members using PayPal can conveniently withdrawal funds
or transfer balances from their PayPal account using one of the
following new methods:
Bank Account Withdrawals
How does it work?
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.
- Click Add.
- 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.
Can I still withdraw funds to
a US bank account?
Yes. The functionality to withdraw
your PayPal balance to a US bank account is still available.
How to add a bank account
You can add additional bank accounts
from your Profile. You will still need to confirm your bank
account in order to add funds to your PayPal account from your
bank account.
- Log in to your PayPal account.
- Click the Profile subtab.
- Click the Bank Accounts link in
the Financial Information column.
- Click Add.
- 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.
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.
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