Can I withdraw money with out having pan card in paypal?

@arunvenu (273)
India
April 14, 2010 6:47am CST
Dear mylotters a i am an indian and I am new to paypal. I created a paypal account and they are constantly asking for the pan number whenever i log in. Can i be able to withdraw cash from my bank account through paypal without giving the pan number? help me
2 responses
Wismay
@Wismay (2037)
• India
14 Apr 10
Without PAN (Permanent Account Number) from Indian Income Tax Department, you cannot withdraw money from PayPal. Apply for PAN. You will get it within two or three weeks. Then provide that PAN to PayPal and then withdraw money from PayPal. Happy Mylotting!
arunvenu
@arunvenu (273)
• India
14 Apr 10
i saw in some discussion that you can withdraw money without having pan upto 500$. pls some one help me who knows the issue well
Wismay
@Wismay (2037)
• India
15 Apr 10
The $500 limit is for unverified PayPal account. These days RBI has asked PayPal to follow some regulations. So PayPal is asking for PAN. And you also need to use 'PURPOSE CODE' before you withdraw your money. If you don't have PAN. Try withdrawing money from PayPal to your bank account without providing PAN. You will know immediately whether they transfer the money or ask you to provide PAN. Minimum amount to withdraw is $10 and fee charged for it around $1. As far as I know providing PAN is compulsory. Happy mylotting!
lifeafterdeath09
@lifeafterdeath09 (2043)
• United States
16 Apr 10
i think that you do need the pan number. i am not sure how to get the pan number though. it might be abit complicated but you should be able to find out how to do it.