Hello friends, I have $2000usd in my paypal account and I want to withdraw it. Can I withdraw it to my SBI bank and is it safe? Don't the bank staffs will inquire or didn't I got into any problem? I am a freelancer and made the money by creating custom websites for my clients.
If you are going to withdraw funds first time then why don't you withdraw just $1k in first attempt and after its success you can go for another $1k withdrawal IMO. Don't forget to add all details properly in paypal (bank name,account name,account number and IFSC code). DON.
As you are going to withdraw money to your bank account then automatically you need to pay taxes if applicable as per IT slabs. Consult your CA or Financial Advisor for that. DON.
I think you can get info from your paypal.just open ur paypal acocunt,Then chick withdraw option.You can find fees
Well, I generally withdraw $150-$200 from Paypal to my SBI account and I never got any problems.... I suggest you not to withdraw all amount at once ! Divide it into TXNs of $300-$500 per TXN !! And Dont worry abt SBI staff, they are too lame for it !! I Work in SBI !
Is this first time? Then it's not a good idea to withdraw a such a big amount like this. As Don said, divide it in to few amounts and do it. But the chance for limiting account is high. Make sure you have all details. Good luck Blog.
Regardless of how lame the staff at the bank are {or aren't} it would be real wise for you to split the money up into say 2-3 transactions. Ask me what you would lose by having all the money transferred in a single transaction, and I have no clue but its better safe than sorry, IMO.
I agree with techdude I withdrew $1500 last month in 3 parts to my SBI account. It was safe and i didnt face any problem. So i would advice you to divide the whole sum into 3-4 parts and then withdraw them one by one after some interval of time.
Any Bank withdraw to paypal will always pass through RBI since its NEFT transfer And larger single NEFT transfer will surely get noticed to Income Tax dept. by RBI along with all details And moreover if your annual net income is more than 1.6 lakh/annum you are required to pay Income Tax according to the Government of India laws. Its better to be safe than sorry ... Transfer smaller amounts and dont forget to consult any CA to get your Tax returns
ya sure it safe also keep in mind,now RB made satement those who haveing account in bank in which the transaction which cross more than 5lacks in the time of 2months will be noticed to them are you paying tax ?
In my knowledge you can only withdraw $500 per day from Paypal to bank. I don't know your country paypal policy please check
i think withdraw in a part. like 1st withdraw $200 and also first verify your paypal account and submit your all documents so paypal not limit your account. its 2% safe
first thing is that it is definitely safe, I have been doing this for quite some time. But I would recommend you to withdraw small amount first! cheers!
Dude if you haven't done anything wrong, Paypal WON'T take your money. Paypal is a reputable ebay-owned company, not some offshore investment ponzi. Hope this helps.