I have a bank account in Dena bank. So can i transfer money from my PayPal account to Dena bank account. Is Dena bank used by anyone here. Please help me out. Thank you
yes you can transfer to dena bank. just contact them to get the correct swift code and use that properly edit its IFSC code
PayPal uses NEFT IFSC and not SWIFT. @OP: You can contact your branch for your Branch's IFSC code or search for your bank at http://www.ifsccodes.info/DenaBank/1.html or some other source which provides a list of IFSC Codes for your bank.
i have got the IFSC code of Dena bank with me; just wanted to confirm that can i use a Dena bank account. I have just now linked my paypal account with my bank account. Now whats this. "PayPal sends two small deposits to your bank account." What does it mean.
Yes, you can use Dena Bank account. Double check the IFSC code of your Dena Bank branch. If the IFSC code is incorrect, funds will be returned back and INR 250 will be charged.
Yes you can withdraw to your Dena Bank. Just enter all details (account name,account number and IFSC code) properly. Paypal sends 2 small deposits in your bank account and you need to enter those 2 amounts exactly in your pp account for bank verification. DON.
yes paypal will send two small deposits to your which you have attached (dena bank account) . you will go to your bank after 1 or 2 days and check your account statement. you will see two small amount in INR with same date , once you get these two small amounts , follow these steps:- Go to the PayPal website and log in to your account. > Click "Profile" at the top of the page. > Click the "Bank Accounts" link in the "Financial Information" column. > Select the bank account and click the "Confirm" button. > Enter the two amounts. > Click "Submit." Thanks
Its very small amounts as its just for verification purpose. You come to know those 2 amounts easily. DON.
do i have to make the payment of deposits to paypal and how can i make payment in INR from my Paypal account.
Yes, once you enter the deposit amounts correctly, your account will be getting verified status instantly.
PayPal will not charge you if you are using Bank Verification method. Even if they charge, would you mind paying them less than INR 3? They would take more in fee later once you start operating. So don't worry about charges for now If you choose CC, it would be $1.95 and you get this back as PayPal balance later.
ok; so can i withdraw the money into my bank account without the verification deposits; because paypal will need 6-7 workings days to forward the deposits to my bank account.
Verification process takes 3 to 4 days and not more. They send the deposits using NEFT same day you add your bank account. Without verification, you can not withdraw more than $500 per month. (I'm not sure of the latest limits but this was how it was earlier).
ok; i dont want to transfer more than $500 so can i do the the transfer now without the verification.