Paypal India user what are we going to do ?
By hatimyal
@hatimyal (1516)
India
February 27, 2011 11:33am CST
All the Indian users of paypal.
It will be compulsory to withdraw your money to your bank within seven days after 1st of march.
Now lets say we withdraw our money at regular interval there would be a fees of Rs.50 every time we withdraw. Btw it has been made clear that even If your amount is less than $10 you can withdraw to your bank. but it has not been clear that they would charge us the fees or no.
but lets say they do. then Even if we have 2$ in our account we have to withdraw and after withdrawing we would get nothing if there is a fees.
By the way one suggestion hold your payouts from various sites and do it all together. so you get to withdraw large amount to your bank.
Now whats your view on all this. Everyones blaming RBI for it.
Who do you blame ?
3 responses
@krajibg (11922)
• Guwahati, India
27 Feb 11
Hi hatimyal,
Seems pay pal has been threatened by the Indian militants. Or what could have been the cause that suddenly they have stopped service to India.
There must be some season and hope shortly they would be the same as hey were before.
@Tina83 (1223)
• India
27 Feb 11
RBI knows the exact reason actually.Its really a matter of joke as we ,the cents earners are suffering,what about the Indian Swiss bankers who are keeping crores of black money,What about the 3G and CWG scammers.Tax is becoming tighter for the ordinary people day by day but the wealthy people are nicely manipulating all the things.
1 person likes this
@vbpujara (646)
• Rajkot, India
27 Feb 11
Our Government has already big records of stopping progress of India (and specially current).Nothing much to say we already know our GREAT GOVERNMENT.
But what we are still doing they are hundred and we are hundreds,we are the strength of our country and can change any decision by our unity only we have to get together with one AIM.
what do you say???
@zralte (4178)
• India
27 Feb 11
Of course it is because of the RBI.
But then there is a reason for RBI putting this rule. There are lots of Indian business entity who are selling internationally and receiving money in Paypal, but never having to pay taxes on them. That, in my opinion, is what RBI is trying to curb. Not people like us who earn a dollar here and there. It is the big businesses who are getting lots of businesses but never paying taxes for them.
This way, RBI is making sure that all International Payments are recorded and proper taxes taken from the people who have to pay.
It comes down to crooked people. If they declared their income properly, this thing would not have happened, in my opinion.
