PayPal withdrawl to Indian Bank is Free & Auto withdrwal daily.
By aanjana
@aanjana (47)
India
August 19, 2011 10:15am CST
Hello Friends,
I think it's good news fro Indian PayPal users.Today i checked my PayPal account withdraw section & found that PayPal has removed Rs.50.00 fees for withdrawal to Indian bank accounts.More over now any balance in our PayPal account will be Auto
withdraw to our bank account daily.I think this is very good news for Indians.I am not able to paste the link of this here,but You can check this by going to your PayPal account withdraw link.Here in option of withdraw funds to yr bank account under heading cost is mentioned 'Free' & by clicking on link Learn More you can see more details about Auto withdraw.
So Friends cheers.
2 people like this
6 responses
@Fireheart (683)
• India
19 Aug 11
Wow, are you sure. then this would be awesome, is it only for Indians, also what is the minimum amount required to withdraw from it has this also been removed, But i see paypal had to verified with pan number and identification number, it seems i have to make a pan number inorder for me to withdraw too, is it really required to fill the pan number for withdrawing is it possible, i only have this doubt in my mind. have you given your pan number and all.
1 person likes this
@aanjana (47)
• India
19 Aug 11
As PayPal will transfer your balance to your bank daily as per auto withdraw there is know question of minimum amount.You must provide PAN NO & verify your account.Also you will have to set purpose code for withdraw in withdraw section to get your payment.I had fulfilled all this requirement and i got payments from PayPal without any problem.
1 person likes this
@legrande (68)
• India
22 Aug 11
Is it true? But I dont think the automatic withdrawal is taking place. I tried to access my paypal account today morning but I did not find any money getting auto credited in to my bank account from paypal. Moreover the minimum limit of $10 still remains the same in paypal and I really want that limit to be removed since I get lot of micro transactions and I need to wait till it reaches $10. It will be really nice if the Rs 50 restriction is removed but I dont think it has been implemented yet. Anyway's thanks for posting this info and have a great day ahead. Happy Monday.
@aanjana (47)
• India
22 Aug 11
hello legrande,
I had mailed to PayPal about auto withdraw & fees.They replied me that Rs.50/- fees is removed and as soon as balance reached $10 it will be auto withdraw to bank account or you can withdraw your self.Any balance less then $10 will remain in PayPal account.
@aanjana (47)
• India
20 Aug 11
If you are a verified PayPal user,then there is no question of limiting amount.Nothing is mentioned about debit/credit card.So as far as bank transfer is concerned,i think it's clear that if you have fully updated PayPal account(PAN card,purpose code,bank details)amount in account will be auto withdraw to bank & that to without any fees.
@vinslounge (1295)
• India
20 Aug 11
If it is real then thats a great news indeed. Nothing better than this news I could have come across today. Thanks a lot for sharing such a valuable news. Have a great day
@amith_ravi (30)
• India
25 Aug 11
Hi,
as far as I concern this is a very good news for the Indian users. I have withdrawn my paypal earnings to my bank account a month ago and I need to pay Rs.50 for that transaction. But, now on I can transfer to my bank account for free.
