PAYPAL INTRODUCES NEW FEATURE :WITHDRAW FUNDS DIRECTLY IN UR INDIA BANK ACC

[jaipur_fashions]

Hi Guys

Just logged in PayPal and saw that we can now withdraw funds to our Indian Bank account. It includes all major banks like Citibank, HDFC, HSBC, ICICI, SBI, BOI, Stan. Chart. etc.

The most exciting part of the feature is the COST :
Free
for 7,000.00 INR or more

50.00 INR
for 6,999.99 INR or less .

And the processing time is just 5-7 Business days.

It only asks for the IFSC Code and the bank account number and you're done ! 🙂

Isnt it a great news for all PayPal users ?? I am glad and thankful to PayPal.

Cheers
Meenu :-)

[rainbowhandicraft-us]

guys i have Question that ...as per cochinmall says, there is amount which we all have in US $ or in EUR most of we have . but they charge when they transfer our balance into our bank account ?

thanks for all
vims_art

[jaipur_mart]

Hi Meenu,

Thanks a lot.
I got it . Hurray.
Ram

[skygiftworldwide]

Hi Meenu and all,

I have withdrawn INR 7000.00 to my SBI account today itself to test the process. I will update this thread as soon as I receive the funds in my account.

Now PayPal is operating from Singapore for their Asian clients including India, this is the reason why this facility came into effect for us as a gift from PayPal. The current PayPal withdrawal rate is 1US$=INR 38.05

Regards,

[snrama]

Wow, Great news. I am now very happy to see that I can withdraw funds to my ICICI or Canara Bank. Thanks Meenu for the quick update. ---------------
With Regards,
Navaneeth (snrama) 😉

[lidia_9]

Hi Meenu,
Thanks a lot for giving us earliest information. Keep it up.
Thankful to you & all eBay members,
Subrata

[jaipur_fashions]

Hi Zaman

I already had withdrawn on 30th . And the processing is already completed from the PayPal end 🙂

Will let you know as soon as I receive teh funds.

Cheers
Meenu

[jaipur_fashions]

Hi snrama , lidia_9 , jaipur_mart , jewels.exports ... no need for Thanks and all 🙂

It feels nice to share such info. with fellow community members.

Meenu :-)

[mhir9778]

Hi I guess IFSC is the swift code or the wire transfer code issued by the RBI to each bank in India.

Regards.

[techniwas]

Is iFSC same as MIRC?

[jaipur_fashions]

Dear mhir9778

IFSC & Swift Code are not the same. They are obviously very different things.

Meenu