whats the minimum amount to withdraw from paypal to indian bank?

India
September 12, 2009 1:31am CST
hey i heard paypal charges 50 rs,is it possible to withdraw 2$ from paypal to my local bank account.so tat means will i get some thing around 46 rs,and will my bank charge anything for receiving small amounts. please explain me in detail?
1 person likes this
3 responses
• India
12 Sep 09
Hi moneyguru2009, bamrahkirti explained you the correct way of withdrawal of money.To withdraw money from paypal to your Indian bank account there should be at least $11 in your paypal account. $10 for withdrawal and $1 for sending fees. You can withdraw money to your bank account, even though your paypal is 'Unverified'.Happy mylotting.
• India
14 Sep 09
does my bank charge me for receiving money?
@mrinali (392)
• India
20 Sep 09
Absolutely no..Local banks never charge you.
@bamrahkirti (1821)
• India
12 Sep 09
The minimum you can withdraw is $10.You cannot withdraw less than $10 from your paypal account.Paypal charges Rs.50/- for every withdrawal if the amount is less than Rs.7000/-and if the amount is more than Rs.7000/-the withdrawal will be exempt from fee.
1 person likes this
• India
14 Sep 09
does my bank charge me for receiving money?
@Ammudoll (549)
• India
20 Sep 09
Only $2 you can not withdraw. Minimum $10 should be there in your account but fees will be there for each transaction. You can check paypal site for more information. I am also waiting to make Rs 7000 in paypal to withdraw money because I don't want to be charged for the transaction I made.