Monday, April 6, 2009

Easier way of transaction of money from pay pal to indian bank account

Now it has become easy to add and indian bank account to pay pal bank account
So that you face no difficulty to withdraw money directly to your bank
t 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.
If you do not add credit card to you pay pal account then you can withdraw only 500$ monthly from your account not more then that,or if u add a credit card to your pay pal account then you can withdraw more then 500$ monthly from your
You can withdraw funds by electronic transfer to your bank account. These withdrawals must meet the minimum withdrawal amount requirements.
It can take 5-7 business days to complete this transfer, depending on your bank’s holiday schedule and payment policies.


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
1.State Bank of India
2.Bank of India
3.Canara Bank
4.Union Bank Of India
5.HDFC Bank
6.ICICI Bank
7.ING VYSYA Bank
8.Axis Bank
9.Standard Chartered Bank
10.HSBC
11.Citibank
Thank a lot to PayPal for including this for India. Life will be lot easier.
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.if u want to know IFSC code you can follow the links given below.Indian Financial System Code (IFSC)
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 CODE LIST-----:
State Bank of India--State Bank of India
Canara Bank --Canara Bank
Bank of India --Bank of India
Union Bank Of India --Union Bank Of India
HDFC Bank --HDFC Bank
ICICI Bank --ICICI Bank
ING VYSYA Bank --ING VYSYA Bank
Axis Bank --Axis Bank
Standard Chartered Bank --Standard Chartered Bank
HSBC--HSBC
Citibank --Citibank

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