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 :-)

[jaipur_fashions]

Hi techniwas, even MIRC and IFSC are not the same.

[techniwas]

I can see a chq no on my chq book, next to it is a long code in two parts ... which1 is IFSC

[techniwas]

Appreciate the help - jaipur_fashions.. thx

[nakoda_creation]

Hi all ,

Today we have got fund in our ICICI roaming current a/c .

its very fast , time taken is 4 days.

entry shows as " NEFT from Paypal private ltd "

regards
---------------
With Regards,
Mahavir Computers Pvt Ltd

[jewels.exports]

Hello!

Well I found my IFSC code on My Bank's Cheque Book!Hope it will help others to find there code.. 🙂

I have already withdrwn the amount...and its still in processing!..Lets see how much time it takes to get thru!

Jewels.Exports

[techniwas]

mahavircomputers_in1 , Sir can you tell me wht was the $ amt you withdrew and what was the INR value you got?

as in, what exchange rate did they offer you?

[skygiftworldwide]

Hi all,

IFSC is the abbr of Indian Financial System Code and it is an 11-digit alpha numeric code. If it is not printed in the Cheque Book, you can get it easily by visiting the Branch of your Bank.

The current PayPal withdrawal forex rate is 1US$=INR 38.05

[basafath]

Hi everybody,
Received this intimation that My funds can now be transfered directly from my paypal account to my Indian bank account.
But when I enquired about it with my bank (HDFC), they have refused about any such tie-ups with Paypal.
Has anybody been successful in transfering their amount from their paypal account to their Indian Bank account? If so which Indian Bank really has such a tie-up with paypal?
Please guide.
Thanks in advance.

[jaipur_fashions]

Hi
I successfully withdrawn 200$ in a span of just 3 days !
I am more than happy with this service ! 🙂 🙂

Cheers
Meenu

[basafath]

Hi Meenu
Which bank did you use for this service?
Thanks