paypal tieup with indian banks
By ravich
@ravich (242)
India
June 9, 2010 12:19pm CST
hi friends,
pay pal has got tie up with Indian banks like state bank of india, and it is about to allow wire-transfer also to Indian banks, and it is also providing direct deposits to bank accounts with a charge of 50 rs, which is the cheapest compared to any other withdrawal option and it is free if the limit is above 7000 rs, i hope direct deposit to bank account would be a better option.
1 person likes this
4 responses
@chaithanya3050 (269)
• India
9 Jun 10
This is very old news. paypal is supporting direct bank transfers from a long time
but with the new tieup with RBI we can get verified using our bank account.
I verified my paypal account using the bank account. so it will be a very useful feature for many of us who dont have credit card to verify paypal.
@sona22 (1430)
• India
13 Jun 10
Please inform me clearly the system to verify with paypal. Once I have verified with paypal using Credit Card. Now some days back when I was trying to make a payment from my payapl account, I asked to verified again and the screen appears for furnishing my credit card details. I wrote paypal and being informed that as my credit card has been expired I have to verified again.
As you have mentioned that verification is possible using our bank account, I am in hope to be verified again. I have surrendered my Credit Card so I am in a problem. For more, my bank account is already registered with paypal.
@zralte (4178)
• India
13 Jun 10
Hi Sona, If you have already linked your bank account, there should be a link in your paypal account to Verify.
My suggestion would be go to
Account-Profile-Add/Edit Bank Account
Check if there is a link in that page to verify your account.
I am sorry I could not be much help, since I am a verified member, I don't see the link anymore. If I find anything more, I would let you know. In the meantime, why don't you browse around Help section on Paypal.
@kaka135 (14931)
• Malaysia
9 Jun 10
Well, I think it's good to have direct deposit to our bank accounts from paypal. I haven't withdraw any money from PayPal before, and sometimes I am doubt if those are real money. 
PayPal has just tied up with the banks in my country, and allow us to direct deposit money to our local bank account recently, perhaps last year. This gives us more options in getting our money from PayPal. 
PayPal has just tied up with the banks in my country, and allow us to direct deposit money to our local bank account recently, perhaps last year. This gives us more options in getting our money from PayPal. 
@sathya264 (174)
• India
13 Jun 10
thank you so much ur discussion i knew new things what an good thing done by paypal
