Help for withdrawal procedure

Hey friends,
This is going to be my first withdrawal from Paypal to my bank account, So please help me with the procedure. I am going to test with a small amount of 10 USD. The convertor shows the converted amount as 449.18 INR for the 10$. How much will be credited in my bank account?

Also tell me what to select in the Purpose of withdrawal drop box.
Please help me out.....

 

If it shows 449 then subtract Rs.50 from it which is their charge to transfer from PP to bank. So, you will get 399 in your bank.
And you can chose any purpose depending upon what work you do.

 

Ok. In how many days will the amount be credited in my account?

 

Your bank account will be credited within three working days provided you submit your PAN ID.

 

I don't have a PAN ID. Will I be able to withdraw or not?

 

Paypal usually takes 3-4 buisness working days to credit money into your bank account.You withdrawn today so money will be in ur bank account by Monday evening or Tuesday morning[Saturdays and Sundays NEFT is closed].

 

ok thanks,

I dont have a PAN ID, can I withdraw?

 

Yes,you will be able to withdraw money without PAN card.

 

There is a way to withdraw money from your pp a/c to Bank a/c without submitting PAN card info.

 

The first withdrawal does take a bit of more time than the regular ones... so do not press the panic button if you do not see the money in your bank in 3-4 days. Allow a leeway of 2-3 days more... before becoming anxious!

Regards,

RightMan