Now
you can add your Indian bank account to your PayPal account, so you can withdraw your money directly to your bank
[COLOR=blue ! important][COLOR=blue ! important][/color][/color]. It saves you time and gives you faster access to your PayPal funds! On top of it
there is no charge to withdrawal amounts
over INR 7000* However if you withdraw an amount less than 7000 they will charge INR 50.
This is a great feature now in PayPal which
will pull down many services like xoom and others who used to charge a lot of transaction. Login to your PayPal account and click on Withdraw money. Now
you will see option of bot withdrawing to an Indian account and us bank account as well. So if you are in America and want to transfer money to any Indian bank, Its a simple process now. Finally the discussion of transferring money to Indian Debbit cards have to come to an end now
The Listed Indian Banks which are included in PayPal withdrawal list for Indians
- State Bank of India.
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- Bank of India
- Canara Bank[COLOR=blue ! important][COLOR=blue ! important][/color][/color]
- [COLOR=blue ! important][COLOR=blue ! important][/color][/color]Union Bank Of India
- HDFC Bank
- ICICI Bank
- ING VYSYA Bank
- Axis Bank
- Standard Chartered Bank
- HSBC
- Citibank
However some banks like IDBI is not there. But Thank a lot to PayPal for including this for India. Life will be lot easier.
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However you will need IFSC Code ( Click to get the codes for your bank) which is 11 digit code for the bank. Call the bank people and they will let you know. Indian Financial System Code (IFSC)
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The Indian Financial System Code (IFSC) is an alpha-numeric code designed to uniquely identify bank branches in India. This is an 11 -digit code with the first four characters representing the bank code, the next character is a control character, and the last 6 characters identify the branch.
The Reserve Bank of India publishes the IFSC and MICR codes, but only IFSC codes should be used. Please contact your bank in India for this code.
IFSC codes can be downloaded at this link To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.