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You are here: Home / Forex / PayPal India – Withdraw funds to your bank account absolutely FREE

PayPal India – Withdraw funds to your bank account absolutely FREE

August 21, 2011 by Rajandran 140 Comments

Indian PayPal users can now withdraw funds from their PayPal account to their bank accounts absolutely FREE!!

Screenshot of Paypal Withdrawl Page

 
Yes, it was free earlier also, but only if you withdraw funds above INR 7,000 If the withdraw amount was below INR 7,000 you have to pay a fee of INR 50. Now there is no minimum amount for free bank withdrawal. You can withdraw any amount to your bank account absolutely free!!

Purpose Code Mandatory from 22nd August 2011
Paypal India users now need to add purpose code to receive and withdraw money to India banks. In an email, Paypal has pointed out to an acccount upgrade wherein Purpose Code is mandatory requirement now to keep your Paypal account active to recieve money.

Screen Shot of Paypal Indian Login Screen

A year back the purpose code was introduced and was only required when you needed to withdraw money to your bank account. Recently, Paypal India made it compulsory for Indian users to add the 3 requirements to withdraw money.

PAN or Permanent Account Number
Purpose Code
Bank account in India.

Many users fail to use the purpose code. But now you need to enter the purpose code also in order to continue recieving funds. This is to comply with RBI guidelines in India in order to receive export-related payments into your Paypal account and withdraw money. The Paypal FAQ clearly state that “Your account will be limited from receiving payments, in case you fail to do so.”

Auto-withdrawal to Bank Accounts
Remember as per recent Paypal restrictions, PayPal users in India are not allowed to hold money in their PayPal account as balance. Instead, all payments received into your PayPal account must be withdrawn to your linked bank account in India. So what if you don’t withdraw the money?

The FAQ reveals that now your funds will be auto withdrawn to your bank account in India, but that requires PAN, Purpose code and Bank Account. Once your data is complete, Paypal can transfer money to your bank account automatically to comply with Indian regulatory requirements.

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Filed Under: Forex Tagged With: Auto Withdrawl, India, PAN, Paypal, Purpose Code, Withdrawl

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. Jessy says

    August 22, 2011 at 12:48 am

    this is a very good information. Rajendran sir, you are helpful as usual.

    Reply
  2. Sachin says

    August 30, 2012 at 4:14 pm

    Hi I want to know that according to Paypal’s existing rules, the minimum withdrawal amount is $10.

    Now, the new rules states that Indian users will have to withdraw their money every 7 days.

    What if some user has only $1 in his account?

    Will he have to withdraw this $1 too? Won’t the $10 limit apply to him?

    Reply
    • ghumki says

      August 3, 2013 at 5:05 pm

      i want to know these also……….

      Reply
      • Subhajit Sil says

        August 12, 2014 at 12:53 am

        The first thing is there is no minimum amount.
        So even if you are having $0.01 then also it could be withdrawn.
        And also there is no specific time mentioned or any interval given by which you can withdraw the money.

        But, yes if you have a verified account and have completed all task, and if you are successfully connected with your bank account, in that case, if your PayPal balance is more than $0 then your money will be auto-withdrawn even if you haven’t made any request.
        On an average the amount is auto-withdrawn in 24 hours.of receiving the amount.

        Reply
        • Mukul says

          January 1, 2017 at 10:10 pm

          No there’s a 10$ limit and you cant withdraw it , i’ve tried with different purpose codes, it still shows error

          Reply
        • Amrit says

          February 21, 2017 at 3:23 pm

          There is a $10 limit. You can’t withdraw below $10. I just tried that and got to know.

          Reply
          • Ank Arya says

            August 23, 2017 at 11:24 pm

            Yeah, I guess they have imposed this limit recently. Last year, I had successfully transferred a lower amount of 7$ to my bank account. But, today, I could not transfer an amount of 7.84$. Their system is saying that the amount needs to be at least 10$.

            I will patiently wait for more amount to add in my current PayPal balance, then it will be auto-withdrawn smoothly, I suppose.

    • Gowtham says

      August 21, 2013 at 4:10 pm

      Even if you have only 50 cents in your PayPal account, it will be withdrawn to your bank account. So if you happen to have say, $20.50 and if you are manually withdrawing the money, make sure you transfer the whole amount ($20.50). Else the PayPal bot will initiate another transaction if you leave out say, 50 cents. Also, you can completely leave it to PayPal to auto-withdraw the money, since it will completely wipe the account clean of all the money, no matter how many different currencies you deal with.

      Reply
  3. Vasu P says

    February 18, 2013 at 10:23 am

    Hi,

    I want to know that i have no PAN card and purpose code right now so can i register in paypal to draw the money $100 from buyer. Pls reply asap.

    Thanks
    Vasu P

    Reply
    • Rajandran R says

      February 18, 2013 at 11:17 am

      @Vasu

      You cant as RBI guidelines are strict here.

      Reply
      • namit belwal says

        March 9, 2018 at 11:00 am

        Sir i have recieved Some money from Hypstar app. What purpose code should be used in this case

        Reply
  4. Sazi S says

    June 11, 2013 at 2:08 pm

    I am trying to raise some money from outside. I am working at Saudi and have a NRI account.. can money from any foreign country be debited to it and since i m trying to raise funds the payment will be through paypal and there is no appropriate RBI code.
    Kindly advice.
    Thank you.

    Regards

    Reply
  5. Vinod says

    July 31, 2013 at 5:39 pm

    Hello,
    Can I send UK pounds from my Paypal account in India?

    Also, I am opening a new account now -- and please inform how do I fund the account?
    Can I do a transfer from my bank account mentioned on Paypal account to the Paypal account so I can use it?

    Appreciate any info!
    thanks,
    Vinod

    Reply
    • Rajandran R says

      July 31, 2013 at 11:59 pm

      @vinod : If you are from India then you can send money to anyone across the world instantly.

      Reply
      • Vinod says

        August 1, 2013 at 6:41 am

        Thanks -- but I want to fund the PayPal account using my bank account. (no credit card available).

        Is that possible?

        Reply
        • Rajandran R says

          August 1, 2013 at 9:22 am

          you can fund directly to paypal account. You need a credit card to link with paypal to send fund transfer directly to your opponent and a bank account linked to receive funds.

          Reply
          • GOPI DAYAKAR says

            November 7, 2014 at 2:42 pm

            Sir,
            I need to pay $ 20 through PAYPAL to one of the social networking website. I do have PAYPAL ACCOUNT and I have linked my Andhra Bank Account. But I am unable to transfer money from my account to PAYPAL account. Pleae guide me how to transfer fund from my bank account to PAYPAL ?

            Thanks & Regards,
            gopidayakar

          • Rajandran R says

            November 7, 2014 at 3:11 pm

            You cannot transfer funds between two Indian Paypal accounts it is RBI regulation.

          • GOPI DAYAKAR says

            November 7, 2014 at 4:04 pm

            Dear Sir,

            Please suggest how I can add funds to my Paypal Account ? I have alredy linked my bank account and got verified also. when I tried to link up my Andhra Bank Debit card Paypal is not accepting. As I have to pay admin fee of $20 through paypal to one of the social networking site for upgradion of my account with that website. Please advise sir.

            Thanks in advance.

            Regards,
            gopidayakar

          • Rajandran R says

            November 7, 2014 at 4:56 pm

            You need a credit card to be linked with paypal.

  6. Abhishek Goon says

    September 16, 2013 at 6:13 pm

    HALLO SIR,THIS IS ABHISHEK.I WANT TO KNOW THAT HOW SHALL I GET MY INDIAN CURRENCY AMOUNT THROUGH PAYPAL WHICH IS ACTUALLY IN FOREIGN DOLLARS AMOUNT?

    Reply
    • Sooraj Jain says

      November 3, 2013 at 12:08 pm

      I want to know the answer too

      Reply
    • Dipankar Biswas says

      May 20, 2015 at 8:37 am

      I also want to know the answer too because I have read in one of articles that from PayPal dollar balance it just directly transferred the numerical value….it is a bit confusing please helf.

      Reply
  7. Santosh N says

    October 1, 2013 at 9:10 pm

    I am in india and doing viewing adds work on internet ptc sites.

    For viewing and clicking these adds they add some dollars in my account.

    So now in paypal account what purpose code should i use ?
    can you guide me?

    Reply
    • Rajandran R says

      October 1, 2013 at 10:50 pm

      purpose code in the your case is freelancer.

      Reply
    • salman says

      September 10, 2014 at 4:33 pm

      Dude which website it is? please name them…and that should me not scam
      Reply As soon as possible……

      Reply
    • Shekhar Burnwal says

      April 20, 2015 at 3:42 pm

      what kind of online job are you doing let me know…
      i am also willing to do that? contact me asap

      Reply
  8. Riva J says

    October 10, 2013 at 1:14 am

    I am a self-published author, who’s about to receive payment from Amazon and Smashwords by sale of my book through them. So what purpose code would apply to me.

    1. Content and Journalism.
    OR
    2. Licensing of Creative Work.
    plz, help clear my confusion wih this paypal problem.

    Reply
    • Rajandran R says

      October 10, 2013 at 11:40 am

      When you are mozetizing your content then the right choice should be Content and Journalism.

      Reply
      • Riva J says

        October 11, 2013 at 3:08 am

        Thanks, Rajandran.

        My confusion rose when i read the word ‘manuscript’ and even ‘films’ in ‘Licensing of Creative Work’.
        Just wanted to be sure.

        Reply
        • Rajandran R says

          October 11, 2013 at 1:39 pm

          You are welcome!

          Reply
  9. Amol says

    November 12, 2013 at 4:47 pm

    Hi, I am working outside India and have a NRE account opened in India. Can I use paypal to send money back to India into my NRE account? What purpose code should I use for this transfers?
    Thanks in advance.

    Reply
  10. ram says

    November 30, 2013 at 1:04 pm

    i`m a forex trader. trading with oanda.com . i`m regularly withdrawing funds with my paypal account. the purpose code i mentioned was freelance journlasm. the statement was appearing in my bank account was just paypal. (not oanda). and i`m receiving big payments. there will be any problem with this ? because i have paid tax nearly 3000000 inr by mentioning paypal funds (freelance journalism) to Income tax. i know that the forex trading is not allowed in india with rbi regulations. but i have mastered fx trading. because i can`t waste my time with trading bse or nse. there will be any problem ?? please reply me

    Reply
  11. satish narayan joshi says

    December 1, 2013 at 12:15 pm

    how can i open a new paypal a/c. please guide me.
    regards.
    satish joshi.

    Reply
  12. Mahendra says

    December 19, 2013 at 2:42 pm

    Hi Sir,
    I received $23 from an Italian client … Now I want to know How to withdrwal that Money from my paypal account …

    This is first transaction in my paypal account …feeling exited …

    Reply
    • Rajandran R says

      December 19, 2013 at 2:47 pm

      First add your bank account and link to your paypal account. Rest Paypal will take care on withdrawal part!

      Reply
  13. Shankar says

    December 26, 2013 at 7:57 pm

    Sir, I have HDFC Debit Card but it is not being authenticated during sign up. It says that my number is invalid even though I have typed it correctly and also the CVV code.

    Reply
  14. kash says

    February 14, 2014 at 12:00 pm

    please someone give clear information -- I HAVE INDIAN BANK ACCOUNT. IF I WANT TO RECEIVE MONEY IN IT LINKED TO PAY PAL -- IS IT STILL POSSIBLE. RBI KEEPS CHANGING SO MANY THINGS, I AM CLUELESS OF STATUS RIGHT NOW. I UNDERSTOOD AS OF NOW- WE CANNOT MAKE PAYMENT THROUGH PAYPAL. BUT SINCE I SEE AUTO WITHDRWAL OPTION -- I GUESS WE CAN STILL RECEIVE MONEY GLOBALLY IN ANY CURRENCY TO OUR INDIAN PAYPAL- RIGHT ?

    Reply
  15. viswanaadh says

    March 23, 2014 at 1:21 pm

    sir, what is the procedure to get money in india from paypal , what is the difference between personal and business paypal account and please tell me howmuch is the commission rate to get money from paypal to any indian bank account , if i have 5000 US DOLLARS in paypal how much i can withdraw in SBI

    Reply
  16. MARIAMMA says

    March 29, 2014 at 11:14 pm

    Respected Rajendran Sir,
    I have 2 doubts about my Paypal Account
    1. My Paypal Account is bearing my name as Mariamma K.A. but my Pan Card bears the expanded form of the initials . So Pay Pal refused the PAN for verification.
    2. My Bank Account have my Office address whereas Paypal has my house address .
    So, in brief 2 or more matters does not tally for Paypal . My Paypal is not verified .Please suggest a solution . Can you help please ?

    Thanks .

    Mariamma

    Reply
  17. walling says

    April 12, 2014 at 1:48 pm

    It clears my thought..

    Reply
  18. SONIA says

    May 16, 2014 at 4:48 pm

    HELLO SIR, I WANT TO KNOW THAT HOW SHALL I GET MY INDIAN CURRENCY AMOUNT THROUGH PAYPAL WHICH IS ACTUALLY IN FOREIGN DOLLARS AMOUNT?

    Reply
  19. Shahab Khan says

    June 20, 2014 at 7:42 pm

    Dear Sir,
    I live in india and do viewing adds work on internet pay to click website
    viewing and clicking advertise & get money in us dollar
    i want to know what purpose code i use ?
    please guide me

    Reply
  20. Dinesh deo says

    June 30, 2014 at 3:42 pm

    Hello Rajandran sir,

    You gave superb information on paypal. But i am facing a different kind of problem. I am confused about which indian bank account Paypal accepts and recognises well!
    Does it accept PNB??

    Thanks in advance.

    Reply
    • Rajandran R says

      June 30, 2014 at 4:44 pm

      Yes it accepts any bank having IFSC code. and 100% of the banks in india has the IFSC code and so you can add any indian banks to your paypal account.

      Reply
      • elogicsoft says

        September 14, 2015 at 7:30 pm

        Does it matter for Indian Current Account (for business) or Savings A/c..? Pls let me know. Thanks

        Reply
  21. faisal says

    July 15, 2014 at 2:11 am

    Sir i want to know if i have name on my bank account is shaikh faisal ashfaque ahmed and on my pan card its shaikh faisal ashfaque A. So can i transfer money from PayPal to my bank account.

    Reply
  22. ajay kumar says

    July 21, 2014 at 10:29 am

    HELLO SIR, I WANT TO KNOW THAT
    HOW SHALL I GET MY INDIAN
    CURRENCY AMOUNT THROUGH
    PAYPAL WHICH IS ACTUALLY IN
    FOREIGN DOLLARS AMOUNT?

    Reply
    • Rajandran R says

      July 21, 2014 at 3:05 pm

      During withdrawal paypal will let you know the estimation after conversion.

      Reply
  23. aditya patil says

    July 28, 2014 at 10:44 am

    hello sir i receiving check in doller so how to withdraw money india and which bank?

    Reply
  24. sachin says

    August 9, 2014 at 1:11 am

    Hi,
    Thanks for giving this valuable tips
    I just open a business account for my tech support business in PayPal, and now this is totally active.
    I want to ask what does it mean PURPOSE CODE?
    And how many days I can keep money on my PayPal account?
    Thanks

    Reply
  25. Nagaraju N says

    August 19, 2014 at 9:08 am

    Hello Sir,
    Can you tell me the purpose code for online data entry work.

    Reply
    • Rajandran R says

      August 19, 2014 at 10:49 am

      It should be freelancing

      Reply
      • Vinay says

        November 10, 2014 at 5:26 pm

        “Freelancing” is the purpose code to be used if we are making transactions from India.

        I am working in Oman, here it is asking for ROUTING NUMBER, what could that be? and how can i get it?

        Reply
  26. Zeno says

    August 20, 2014 at 6:06 pm

    Hi Rajendra Sir,

    I am from Goa -- India and am working in Dubai and have a paypal account in Dubai and money in it in US$ which I want to withdraw. How can I do it?

    I also have a visa credit card from a UAE based HSBC bank, connected to the paypal account. But the Bank says i can’t withdraw cash from the credit card against the paypal withdrawn amount. If i do it through a ATM, they will charge me their cash advance fees and interest rates will apply as it will showing as credit taken from the card in cash.

    Please advise urgently as what I should do to get the money.
    .
    Thank you,
    Zeno

    Reply
    • Rajandran R says

      August 20, 2014 at 7:08 pm

      Hi,

      If you have a dubai bank account probably you can map your paypal with Bank account and withdraw the money to your Bank account.

      Reply
  27. Zeno says

    August 20, 2014 at 7:25 pm

    Hello Rajendra Sir,

    on my Paypal account page there is a withdraw to option only for US bank and the second option is Visa credit card.

    I dont know what I should do.

    Please help.

    Thank you,
    Zeno

    Reply
    • Rajandran R says

      August 20, 2014 at 7:34 pm

      Is it possible to transfer the paypal fund to your friends account and to withdraw it?

      Reply
  28. swati says

    August 21, 2014 at 3:06 pm

    Hi Rajandran,

    I have small home business.
    My US client wants to transfer funds only through Paypal in USD
    I wanted to understand additional costs involved to receive funds, then transfer charges to my icici account(if any) , what will be conversion charges.Any other hidden costs.

    Thanks in advance
    swati

    Reply
    • Rajandran R says

      August 21, 2014 at 4:26 pm

      When the client is paying money via paypal then paypal will take transaction charges. for example if the current USDINR is at Rs61 per dollar you will be billed at Rs60 per Dollar. And transferring from your paypal account to Indian Bank account is free.

      Reply
  29. Balachandra Tejaswi says

    August 24, 2014 at 4:05 am

    Hello Rajandran Sir,
    It is great to see you still replying to queries years after the original posted date. Thanks for your bighearted service to us.
    My Question is, while setting up my bank acc, paypal asks : “The name on your account must match the name on your PAN card.”. The problem is my Bank account has the name “Balachandra” and on PAN it is printed in my initials as : “B T Bitra”. Will this create problems? Should I go for change of name in either one?
    Secondly, you may have heard about the debate between paypal money transfer vs wire transfer. Some say that for large amounts wire transfer is best, but for freelancers paypal can be sufficient. Your thoughts?
    Thank you.

    Reply
    • Rajandran R says

      August 25, 2014 at 2:24 am

      Ideally it doesnt create any sort of problems. Make sure that your pan card is updated. Yes for Large money Wire Tranfer is best where you can get the best rates as paypal charges are higher when comes to Big Money.

      Reply
  30. Seema says

    August 24, 2014 at 10:11 pm

    Hi Admin,
    I am live in India. I have got 8$ from survey sites. What type of purpose code I have to add in that field? I can’t withdraw my money it has minimum 10$ to withdraw. Please help me. Can I withdraw 8$ & what will happen if I will put my money there up to collecting 10$.

    Reply
    • Rajandran R says

      August 25, 2014 at 2:21 am

      freelancing is your purpose code.

      Reply
      • Naman Garg says

        September 6, 2014 at 3:24 pm

        Hello rajendra Sir, I have this problem in my mind I have open up paypal a/c with HSBC but due to some reasons I am unable to verify it.
        On withdraw option it says I can withdraw upto 500 usd per month if my a/c is not verified.
        So will I be able to receive my money in my HSBC a/c or not or would it be used as option for only buying gifts, vouchers.
        Please clarify…

        Reply
  31. Taksh Srivastava says

    September 12, 2014 at 9:47 am

    Sir I am going to use neobux, it requires a paypal account to withdraw money. I am having 2 doubt about
    paypal.
    1- Do I need to use net banking in my bank account to withdraw the money from pay pal and send it to my bank account.
    2- what will be my purpose ode for the same.

    Reply
  32. Akash says

    September 13, 2014 at 2:31 pm

    Hello Alll

    I am a freelancer and working on odesk .Now i want to get payment from my client .They have transfer on odesk and from odesk i have transfer into my paypall account . Then please tell me the further step to get my money in my bank account . and amount is more .so any problem from banks side for large amount regarding tax or etc .

    and also please suggest me any other method to get that money directly in my bank account with lesser fee.

    Thanks in Advance !

    Reply
    • Rajandran R says

      September 14, 2014 at 10:19 pm

      In Paypal you have to link your bank account. Once money came to your paypal account it will be automatically withdrawn to your bank account. And banks are not currently deducting any taxes automatically which you need to file it manually.

      Reply
    • vinay sharma says

      March 27, 2019 at 2:20 pm

      Rajandran sir. Please help me i am forex trader what purpose code help me. Please suggest me sir

      Reply
  33. rahul says

    October 2, 2014 at 9:07 am

    hey! i wanna ask that when i am trying to withdraaw $5.00 from my paypal to to my bank account i can’t it says minimum limit is $10 what should i do??? please HELP! i have competed every details no restrictions on my account all verified but pls help!

    Reply
    • Rajandran R says

      October 2, 2014 at 2:33 pm

      If you connected paypal with Indian Bank account. Probably it will be auto-withdrawn to your bank account automatically

      Reply
  34. pavan says

    October 2, 2014 at 11:08 pm

    sir ,
    i m having small busiess. i m sole proprietor of my firm having IE code .can i send 400 dollar to company which is in another country with my personal paypal account

    Reply
    • Rajandran R says

      October 3, 2014 at 10:22 am

      Yes you can

      Reply
      • pavan says

        October 3, 2014 at 12:06 pm

        thanks for reply .
        can i purchase items for my company from my own account

        Reply
  35. Aditya says

    October 16, 2014 at 11:44 am

    Sir,
    I earned $40 on visittomoney.com. Recently I completed my studies and am unemployed. Which purpose code suits for me to withdraw the amount ?

    Reply
  36. Kaviraj says

    November 3, 2014 at 1:27 pm

    I think many people will have this simple but common doubt

    If I have a balance of 10 usd in my Indian paypal account. In the next 5 to 7 days how much will I receive into my bank account . Fee ? Conversion rate? ThAnk you

    Reply
    • Rajandran R says

      November 3, 2014 at 2:01 pm

      Whatever the money you have in your paypal account regardless of the size your conversion rate will be always done at Paypal
      conversion rate. For Ex if USDINR Spot price is 61.5 then paypal might bill you around 59.5-60.00 this is just a rough estimation.

      Reply
      • Amit says

        May 17, 2015 at 12:49 pm

        Paypal charges around 4 to 5 % as currency conversion from US$ to INR

        Reply
      • Amit says

        May 17, 2015 at 12:58 pm

        Rajandran is doing very good job, giving detail information about paypal things.

        If any one want to transfer money from ODESK to indian account, the cheapest way is link your indian account to directly to your ODESK account and transfer you money from ODEK to your indian bank account, it will be cheap incompare to paypal.

        Now days we can open USD account in india and if paypal dont charge for currency conversion for indian USD account [there is no currency conversion will require ]. then this would be the cheapest way. but i dont know about this.

        .

        Reply
  37. GOPI DAYAKAR says

    November 7, 2014 at 3:04 pm

    Dear Sir,

    Please advise what purpose code shall I give in my PAYPAL account. As I supposed to receive payment from one of the social networking site. If I want to change the purpose code which is given already in my PAYPAL account. Can I change it now for appropriate one. ? Please advise sir.

    gopidayakar

    Reply
    • Rajandran R says

      November 7, 2014 at 3:10 pm

      Yes you can make the purpose code as freelancer.

      Reply
  38. GOPI DAYAKAR says

    November 7, 2014 at 5:47 pm

    Dear Sir,

    I don’t have credit card. Can I transfer fund through someone’s credit card to my Paypal account ?

    Reply
    • Rajandran R says

      November 8, 2014 at 12:02 am

      You cant!

      Reply
  39. Satya says

    November 21, 2014 at 1:07 am

    Can I receive personal PayPal payment (from a friend in another country) and withdraw it to my bank account?
    You must be knowing, PayPal doesn’t charge any fee for personal payments.

    Reply
    • Rajandran R says

      November 21, 2014 at 11:14 am

      Yes you can. Still paypal take some commisions for forex transaction charges.

      Reply
  40. Subrata Bose says

    November 22, 2014 at 3:19 pm

    Hello,

    I have a verified PP account. I have linked my bank account, but don’t have a credit card. I want to deposit $60 in etoro.com, it is a UK based online trading company.

    can I be able to deposit that $60 using my PP balance? as I don’t have a credit card

    & do you know any online virtual credit card providers ? so I can deposit via that VCC through PP?

    Thanks , waiting for your reply 🙂

    Reply
  41. Sapna says

    December 10, 2014 at 3:45 pm

    Hai sir!
    I want to know that can we receive money the paypal in the form of Cheque, instead of linking bank account. Is their any option for this to get the amount in the form of cheques.Does they charged to send cheques. If we receive cheques from the paypal what is the procedure to encash the cheque.

    Reply
  42. sagar rana says

    December 13, 2014 at 12:12 am

    Hello sir,
    Does the paypal account have any charges ?
    Please reply your feed back is very important to us.

    Thank,
    S rana.

    Reply
  43. Lali says

    December 24, 2014 at 2:53 am

    Sir plzz help. i have $5 in my paypal account and my account is verified
    During withdrawal it says min amt should be $10, how can i transfer to state bank account

    Reply
  44. m.s.ramola says

    December 25, 2014 at 8:47 pm

    plz my create india accounmt

    Reply
  45. Veeresh says

    January 2, 2015 at 1:56 pm

    Hello Rajandran,

    First of all Wish you Happy New Year !!

    Just have couple of doubts regarding opening paypal account in INDIA.

    1. . Minimum amount for withdrawing from PP.
    2. Percentage charged by PP / transactions.
    3. Any hidden charges that later accumulate and come as maintainance charges.
    4. Is it safe to use PP and link to local bank account.
    5. Process to create PP account?

    Thanks in advance.. looking forward for your revert.

    Regards,
    Veeresh

    Reply
    • Rajandran R says

      January 2, 2015 at 2:47 pm

      1. Minimum amount for withdrawing from PP.
      A : Now there is no minimum amount for free bank withdrawal
      2. Percentage charged by PP / transactions.
      A : Currency conversion will be there. Mostly higher.
      3. Any hidden charges that later accumulate and come as maintainance charges
      A : No Such
      4. Is it safe to use PP and link to local bank account.
      A : Yes it is safe. You can expect Bank Level Security
      5. Process to create PP account?
      A : Requires a PAN Card (Mandatory). Connect your credit card, Bank account and Address Verification

      Reply
  46. Pankaj says

    January 3, 2015 at 5:34 pm

    Hello Dear Rajandran R.
    Happy New Year

    Dear One , we just created a website , where user can transfer fund to other for just help by email , can we integrate PayPal for this purpose, this website have more then million user, plz guide me if we integrate PayPal then fund transfer to Indian PayPal account Can withdraw to Bank Account, it is fund raising Portal

    Reply
  47. Gaurav says

    January 3, 2015 at 9:08 pm

    hello there

    you are doing great job, i read you answer and they are explained well. i have question as well

    i have verified paypal account with my bank account my questions are

    1. i dont have credit card can i link my international debit card if yes
    2. I try to attach my debit card but i receive an error say “your bank is not authorised it” as far i know my debit is internationally valid.
    3. i dont have debit card attach can i still get withdrawal from paypal if i receive money from my client. my bank account is attached and verified.
    4. Can i add funds to paypal through bank if yes how?
    5. Can i make international payment through my bank account as i dont have any money into my paypal account becoz i dont know how to add funds to paypal.

    Please help me

    Reply
    • Rajandran R says

      January 3, 2015 at 11:33 pm

      1)Currently only Icici , Axis bank , Hsbc , Hdfc ( all bank bank debit card only with EMV chip based cards ) work fine with paypal other bank debit cards might not work.
      2)You cannot add funds to paypal as per RBI regulation. You can receive or transfer funds to one paypal account to another. Even if you receive funds from someone paypal will do immediate fund transfer to your bank account.
      3)You need a credit card to be attached with paypal to do international fund transfer.

      Reply
  48. Ram says

    January 12, 2015 at 3:41 pm

    Respected sir, If i work for imagetwist.com then which purpose code should i use while withdrawing money in my bank account in India. The money in my papal account is in US$.

    Reply
  49. Nita says

    January 22, 2015 at 1:22 pm

    Respected Sir,

    I am doing Online Data Entry Job and my Employer is situated in US….He wishes to pay me in US Dollars through PayPal….So is it safe to link my Bank Account to PayPal? Also i have account in Bank of India(BOI), so does PayPal supports Bank of India? Also, i wouldn’t be doing any sale or purchase, i would be just receiving my Salary from my Employer in US dollars through PayPal, so will i have to pay any fee for withdrawal? Or any hidden charges or any maintenance fee i have to pay in future?

    Reply
  50. sang says

    February 7, 2015 at 3:45 pm

    I am an Indian, for how many days can I keep money in my paypal account? Do I need to withdraw it as soon as I get it in my paypal account?

    Reply
  51. Vaibhav Prajapati says

    February 20, 2015 at 10:26 pm

    Hello Sir,

    I am from India and earning income only from Fiverr.com . I am confused . What purpose code would apply to me ?

    Thank You

    Reply
    • Rajandran R says

      February 21, 2015 at 7:58 am

      It should be Freelancer

      Reply
  52. aravind says

    March 3, 2015 at 11:31 am

    help me friends 🙁 i have 4.23$ in y my paypal.when i tried to withdraw it to my bank account it says u need atleast 10$ to withdraw 🙁 one of my friend withdrew 4 $ into his bank account 😮 y am i not able to withdraw ?

    Reply
    • aravind says

      March 3, 2015 at 11:31 am

      please help 🙁

      Reply
  53. Manoj says

    March 7, 2015 at 8:47 pm

    Hello,

    Thank you for the valuable information provided.

    I have an NRE account with ICICI. Is it possible for me to transfer funds from paypal to NRE account? I know we can withdraw to a regular bank account. But, since NRE account allows deposits of funds in currencies other than INR I would like to know if it can be done through paypal.

    Thanks

    Reply
  54. AThi says

    March 16, 2015 at 11:15 am

    Hi

    How to transfer money from paypal to my a/c? Do i have to do something in paypal or it will be automatically do it?

    Regards
    AThi

    Reply
    • Rajandran R says

      March 16, 2015 at 11:27 am

      The withdrawal will happen automatically!

      Reply
  55. Sathish says

    March 16, 2015 at 3:43 pm

    Hi I’ve $1 in PayPal balance when I try to withdraw it says minimum transaction should $10 .. what should I do now?

    Reply
  56. prasanna says

    March 23, 2015 at 3:54 pm

    respected sir,
    i have been doing survey in uk companies the earnings were sent to my indian verified paypal account.unfortunately i have recevied message from companies.that ” PayPal sent the following error message: PayPal can’t complete for account holders in India.”.hence i request any method in paypal -to get my payment in indian paypal account.pl guide me sir.

    Reply
  57. NASEER says

    March 30, 2015 at 5:28 pm

    Respected sir

    No words, i can simply say thanks for the valuable info contained in ur post.

    Reply
  58. suraj says

    April 30, 2015 at 9:42 pm

    hello
    I want to purchase on eBay now I don’t have PayPal acc.
    but I am interested to opened it.
    can u tel me how to open and req. time for that?
    if I use netbanking from SBI to make payment on eBay it was req. extra fee on transection.
    what is PayPal buying transection time?
    thank you

    Reply
  59. munni39 says

    May 4, 2015 at 10:25 am

    hello,
    i have no pan card..but have bank accoun which i linked to paypal account.can i recieve export money???is it possible to withdraw money if i have no pan card or what is the limit to widraw money without pan card according to rbi

    Reply
    • Rajandran R says

      May 4, 2015 at 10:34 am

      You cannot withdraw anything without a pan card.

      Reply
  60. Kiran says

    June 3, 2015 at 6:25 pm

    Hi,
    I want to open PayPal account, but i heard that within 7 days we have to withdraw money to bank account and we have auto withdraw option also. Does Paypal charge anything for auto withdrawal and for how many auto withdrawal happen. And i also want to know about Business account also. Can anyone had the info please clarify me. Thank you….

    Reply
  61. Sanjay says

    June 4, 2015 at 3:21 pm

    I answer surveys so what should be my purpose code.

    Reply
    • Rajandran R says

      June 4, 2015 at 3:50 pm

      Should be freelancing i guess.

      Reply
  62. Raj Jadhav says

    June 29, 2015 at 3:57 am

    what purpose code to select from that category . if im a freelance webdesigner ? pls if u could inbox me the answer.. I’ll be totally grateful to u bro .

    Reply
  63. Michael says

    July 22, 2015 at 10:23 am

    Hello Sir,
    Thanks for your valuable information. Sir I have Bank account, but I don’t have any debit or credit card.
    Sir can I withdraw money from paypal to my bank account.

    Regards
    Michael.

    Reply
    • Rajandran says

      July 22, 2015 at 12:05 pm

      Create Paypal Account -> Connect your PAN CARD and Bank Account then only withdrawal is possible!

      Reply
      • Michael says

        July 22, 2015 at 1:23 pm

        Thank you sir.

        Reply
  64. vinod says

    August 14, 2015 at 8:13 pm

    i have an NRI account with federal bank. can i link my debit card with paypal account.

    Reply
  65. Harsha says

    August 28, 2015 at 9:53 pm

    Hi Rajendran,

    Just today I got around $ 2.50 into my Paypal India account. When I tried to withdraw it shouted that $10 is the minimum. I have my bank account, PAN and purpose code (Other Information services) in my profile.

    So will that be withdrawal automatically happen within 7 days?

    Regards,
    Harsha

    Reply
  66. Binosh says

    October 13, 2015 at 1:09 pm

    I am also completed all my tasks , but now the sites says ” To receive payments as per Indian regulations, please complete your tasks”?
    i added 2 banks, credit cards, email verification, purpose code, pan card …
    anybody know why it happens ?
    please help me

    Reply
  67. shashi says

    October 30, 2015 at 1:48 am

    Hello sir plzz help me I don’t have pan card then how i can do complite task and im texing my sure email but they asking wrong.

    Reply
  68. ritu saini says

    December 16, 2015 at 6:36 pm

    hello sir,
    i am a teacher, what purpose code to select from that category.
    and is it mandatory to connect a debit/credit card to Paypal account.
    please suggest me.
    Its urgent.

    Reply
  69. Vg says

    January 26, 2016 at 11:26 pm

    I am holding Indian Bank saving account and I have not received the small deposits from PayPal either. It’s more than 20 days since I have opened my PayPal account . what should I do now should I activate my nri account. I have not linked my debit card will it affect my account if yes I am holding Maestro card for which there is no option to link.

    Reply
  70. harshal says

    February 2, 2016 at 3:34 pm

    What is the maximum limit of money for withdrawing the amount from paypal to Indian bank a/c

    Reply
  71. Bhargav says

    February 17, 2016 at 1:43 pm

    Hello,

    I have a “Personal, Verified” PayPal account.

    But I can’t find out what limit of money I can RECEIVE and

    what’s the monthly withdraw limit of a “personal” account in india?

    On the help files its says I should click on the link “view limits” but there is no link.

    please let me know

    Regards

    Reply
  72. Dhananjay$$$$ says

    March 1, 2016 at 12:14 pm

    Sir, If I have 1,050$ in acount so if i am in India but I want to buy it from usa online should I buy it from PayPal. Or
    From PayPal should I buy in India.
    I have not any credit card or etc.
    If I have bank should it will give in indian currency 71583.75 Indian rupee

    Reply
  73. Rohit says

    March 6, 2016 at 2:53 pm

    Hi Rajendran, I am looking to know if i can create an online business using my NRE account and the transactions come in as dollars….can i keep the money in dollars as i will be using my NRE account ? Or will the money have to be converted into rupees and i am unable to repatriate the amount? Thanks and regards

    Reply
  74. nuzzo says

    December 4, 2016 at 6:57 am

    Has anyone used Auction Essistance for verified PayPal accounts?

    Reply
  75. Karthik says

    January 23, 2017 at 5:21 pm

    i am not able to link my canara bank account with my paypal account. what could be the problem?

    Reply
  76. B. Jaya says

    January 26, 2017 at 8:55 pm

    Sir, I have an Andhra bank account and debit card…too. Is it possible to withdraw Mny if I link my Andhra bank debit card to PayPal account??? Plz help me in solving my pblm….shall I link up my account to PayPal account or not??

    Reply
  77. Abhishek says

    February 13, 2017 at 7:18 pm

    It shows that you should have minimum 10$ to withdraw money from PayPal to bank account.
    Plzz reply fast…

    Reply
  78. Keyur Aghera says

    February 23, 2017 at 9:13 pm

    Respected Sir,
    , i have 10000$ in my Paypal account and it can be automatic withdrawn in my bank account. You know 1dollar=68 rupees, there deposit balance nearly 700000 rupees in my bank account. so it is legal ?????? . and i earn 700000 rupees per month and it is deposit in my bank account, i earn through on internet (advertising and marketing), is come to me income tax nottice?????. All the memebers earn many rupees through internet ,there how to manage your bank account???? and how to save your self from the incometax???

    Reply
    • jeeva says

      October 16, 2017 at 8:05 pm

      Hiii… I too worked in internet and earned 4000 dollar, bt i dont know how to receive it to my paypal account pls help me….

      Reply
  79. Us says

    April 7, 2017 at 9:40 pm

    Dear Rajendran Sir,

    I have created a pp account and waiting for verification linked my ICICI bank account. But my name on the bank card has an initial but the name on the pan card does not have initial which I noticed recently. Will there be problem during pp verification..

    Thanks
    Us

    Reply
  80. Chollangi Thotaraju says

    June 19, 2017 at 8:34 am

    I am Cholangi thotaraju please can help me I already ICICI bank link PayPal account but now saying another auto withdrawal account open I can’t understand can help me thank you

    Reply
  81. Mayank Mangal says

    October 24, 2017 at 8:49 pm

    What would be my purpose code if I get the money in my Paypal account by online tutoring to students?

    Reply
  82. Prajwal says

    March 10, 2018 at 6:50 am

    I have 4000 dollars in my PayPal account and my account is verified by my bank. Can I directly withdraw 4000 dollars?

    Reply
  83. nitesh bonapwar says

    July 28, 2018 at 10:24 am

    I tried amount of $2 to withdraw in my bank account but shows its below the minimum.
    What is the minimum amount that can withdraw?
    Please suggest.

    Reply
  84. gunasekar says

    February 27, 2019 at 8:36 pm

    Sir Maximum How much daily withdraw from paypal to bank accounts?

    Reply

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