How long can we keep money in PP Indian accounts?

Discussion in 'Payment Processing' started by ak_1980_delhi, Apr 17, 2010.

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  1. #1
    Hi everybody,

    I have some confusion.
    Some guys on the forum have said that money in Indian PayPal accounts should not be kept for more than a month or so.
    However, most people are of the opinion that there are no such limits since PP functions as a virtual bank account.
    Is there any truth to such rules?
    Am I risking something by withdrawing rather slowly?

    PLEASE COMMENT...THX
     
    ak_1980_delhi, Apr 17, 2010 IP
  2. nwk

    nwk Well-Known Member

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    #2
    I don't think there's a limit like that.. I've been keeping money in my paypal accounts for years. I seldom withdraw them as I use them for investments..
    At any time, I keep $200+ in my paypal account and never had an issue..
     
    nwk, Apr 18, 2010 IP
  3. earnincome

    earnincome Peon

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    #3
    No Friend, There is no limit. But if you received funds by goods, you can withdraw it by 30 days. If you receive funds by other option, You can keep as long as you live. :)
     
    earnincome, Apr 18, 2010 IP
  4. RightMan

    RightMan Notable Member

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    #4
    There is an alleged directive sent to several Indian account holders through e-mails that clearly state of withdrawals to be done within 30 days of receiving the fund. This is still a directive yet to be published on Paypal's policy update page and so is still far from being implemented immediately.

    Regards,

    RightMan
     
    RightMan, Apr 18, 2010 IP
  5. radhika.writer

    radhika.writer Well-Known Member

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    #5
    There is no confirmation from PayPal on such policy. Though there were some emails to some of the Indian PayPal users about this but no official announcement from PayPal.

    Thanks
     
    radhika.writer, Apr 19, 2010 IP
  6. sweatlana

    sweatlana Well-Known Member

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    #6
    Dont worry these all are only rumors.

     
    sweatlana, Apr 19, 2010 IP
  7. ak_1980_delhi

    ak_1980_delhi Well-Known Member

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    #7
    Thanks a lot to everybody!! Feel much better now :)
     
    ak_1980_delhi, Apr 19, 2010 IP
  8. linksads

    linksads Banned

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    #8
    in fact some paypal users in indan have got fake mail from outsider saying that we cannt keep our money in paypal more than 30 days, thats why lots of guys are confused but this is not true, u can confirm also from paypal by calling them.
     
    linksads, Apr 19, 2010 IP
  9. karthimx

    karthimx Prominent Member

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    #9
    what will happen if we forgot to withdraw in 30 days?
     
    karthimx, Apr 19, 2010 IP
  10. RightMan

    RightMan Notable Member

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    #10
    Nobody knows... I guess, as Paypal itself has not cleared its position on such details. Let us not worry over this issue and instead look to cross the bridge... when it comes! :)

    Regards,

    RightMan
     
    RightMan, Apr 19, 2010 IP
  11. abiji

    abiji Active Member

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    #11
    i agree with rightman. A the moment everything is working. My account is even working without PAN card. I will be closing my other account soon and entering that PAN in my current account.
     
    abiji, Apr 19, 2010 IP
  12. sweatseo

    sweatseo Active Member

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    #12
    i will agree with previous posters i am also using paypal account i don't think there is any limit for keeping amount.
     
    sweatseo, Apr 19, 2010 IP