how to transfer from alerpay or paypal to an account in the bank in india?

indians - i am an indian and i am proud to be an indian.
india is a land of diversity. a democratic country.
i love india.
By Pete
Goa, India
November 12, 2008 1:15am CST
hi mylotters, i am from india and new to mylot . i need to know how to transfer the cash that i earn from mylot and ptc sites. once i get the cash in my alertpay or paypal account how do i get the amount in my hand? do need an account in some specific bank in india or a credit card or debit card is required? please help me ... happy mylotting!!!!
5 responses
• India
12 Nov 08
hai peter, paypal has now started money withdraw facility to any indian bank. It charges Rs 50 for cash withdraw less than Rs7000 and for above Rs7000 it is free. to avail this oppurtunity follow the below steps 1. login to paypal 2. my account. 3.overview 4.profile 5. add/edit bank account. there u can add ur bank account by providing the following options [b] country[/b], ur name (as in bank account), IFSC code u need to be carefully enter these details because if money returns back to paypalacount beacause failure transaction u will have charge of Rs250. banks supported in india: icici,state bank of india,canara bank,union bank of india,hdfc bank,axis bank,standard chartered bank, citibank,hsbc,ing vysya,bank of india IFSC CODES: www.bala-krishna.com/wp-content/uploads/2007/11/indian-bank-ifsc-code.xls www.krishnendu.com/IFSC_india.zip
1 person likes this
@mvsrao (4365)
• India
12 Nov 08
^ well explained . You seem to be an expert :-)
1 person likes this
• Goa, India
12 Nov 08
thanks alot pallapothu. this was really descriptive and will really help me alot. you seem to be a newbie on mylot. let me know if you need any help regarding mylot. you can send a personal message and i will be happy to reply to you. happy mylotting!!!
• India
12 Nov 08
thank you, i will get back to u if need any help regarding mylot. and one morething is that i here that paypal exchange rate would be less than market exchange rate so plz check it once. once again thank you for ur offer.
1 person likes this
@mvsrao (4365)
• India
12 Nov 08
Paypal requires a valid credit card to verify the account . An Indian bank account may be added to Paypal account to lift a few limits . However it is better to verify through a credit card to lift all the transaction limits . After getting 150$ into Paypal , you may request for a bank cheque to be sent through post . Paypal charges a fee for this withdrawal amount . Alertpay requires identification proof (photo ID) and recent bank statement with address for address proof . And it can also send a bank cheque by post .
• Goa, India
12 Nov 08
thanks alot for the response. will checkout what you said. happy mylotting!
@mvsrao (4365)
• India
12 Nov 08
forgot that a valid debit card can be used to withdraw money from Paypal :-)
1 person likes this
@trixyteddy (1070)
• India
13 Nov 08
Thank you for this post. It helps me to understand how to do these things. I haven't earned anything as yet.
1 person likes this
@subha12 (18441)
• India
12 Nov 08
here you have to attach that account with paypal. for that you need to know the IFSC code of the particular branch your account is held with. then just give IFSC code, account number etc. after it is done, you can transfer money
1 person likes this
• Goa, India
12 Nov 08
thank you for the response. this should help me very much. happy mylotting!!!
@idcoder (382)
• India
3 Dec 08
thanks for the information...this helped a lot..thanks peter for putting up this question and thanks everyone who replied and provided valuable information....
1 person likes this