Which ICICI account should i register.

Discussion in 'PayPal' started by Tab109, Apr 13, 2011.

  1. #1
    Hey guys , i would like to withdraw money from my paypal account to a bank acount in India.
    I am planning to open a bank account at ICICI for this purpose .But i am a bit confused which account should i open.

    Going to their website i see a lot of options ,but i am not sure on what account should i open. The only idea is to withdraw the money to a account.
    I tried ICICI B2 banking but paypal reject the account .

    Can someone who has a ICICI account which can be used with paypal direct me on which account i should open at ICICI :
    http://www.icicibank.com/
    Code (markup):
    Thanks
     
    Tab109, Apr 13, 2011 IP
  2. Digital_shubhi

    Digital_shubhi Illustrious Member

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    #2
    You can open Regular savings account. Thats what most of the people in India use. :)
     
    Digital_shubhi, Apr 13, 2011 IP
  3. pratik

    pratik Notable Member

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    #3
    Yes a regular savings account would be enough. The minimum balance required would be somewhere near Rs. 5000
    Also, you may visit the branch and ask them about No Frills Savings Account. In such accounts the minimum balance required is low, but you have some limitations on withdrawals...
     
    pratik, Apr 13, 2011 IP
  4. moneyreaper

    moneyreaper Peon

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    #4
    See ICICI Bank is a pvt Bank, the charges for each service is very high, also to open an account, you need to deposit high amounts which is not needed, Try local Govt owned Banks.

    Thanks
     
    moneyreaper, Apr 13, 2011 IP
  5. nihangshah

    nihangshah Prominent Member

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    #5
    I'll suggest you open Savings Bank account with State Bank of India. You can open an account with just Rs. 1000/-
     
    nihangshah, Apr 13, 2011 IP
  6. moneyreaper

    moneyreaper Peon

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    #6
    I mentioned the same above.
     
    moneyreaper, Apr 13, 2011 IP
  7. Tab109

    Tab109 Greenhorn

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    #7
    Does State Bank of India support international checks ,like for example i receive a check from amazon ,will i be able to encash it using State Bank of India.
    Thanks for the suggestion
     
    Tab109, Apr 13, 2011 IP
  8. nihangshah

    nihangshah Prominent Member

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    #8
    Yes, it does support international checks.
     
    nihangshah, Apr 13, 2011 IP
  9. raoraj

    raoraj Well-Known Member

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    #9
    all indian bank accepts international checks.
    only thing is that they take 30-45 days to clear.
     
    raoraj, Apr 13, 2011 IP
  10. boomer_mitra

    boomer_mitra Active Member

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    #10
    If you want better net banking services, go for HDFC
     
    boomer_mitra, Apr 14, 2011 IP
  11. photoworldblog

    photoworldblog Active Member

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    #11
    open ICICI no frills account....
    or go for HDFC for better service.....

    for international cheques icici is best
     
    photoworldblog, Apr 14, 2011 IP
  12. raoraj

    raoraj Well-Known Member

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    #12
    i agree with you
    plus they provide VCC so no need to get additional CC.
     
    raoraj, Apr 14, 2011 IP
  13. Tab109

    Tab109 Greenhorn

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    #13
    HDFC seems good ,and since we can generate VCC ,that another plus feature .
    I visited their website ,they provide two options "Personal Banking " and "HDFC Bank NetBanking" ,which one to choose from these.

    Does " Personal Banking" or "HDFC Bank NetBanking" has any initial fess . I heard you have to deposite a huge amount to get a account there.

    Thanks for the suggestion .
     
    Tab109, Apr 14, 2011 IP
  14. lead2play

    lead2play Well-Known Member

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    #14
    i would also recommend you to create account in government banks like Bank of India, Indian Bank etc.
    Iam an account holder on Indian bank and i have withdrawn money many time without any problems
     
    lead2play, Apr 14, 2011 IP
  15. raoraj

    raoraj Well-Known Member

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    #15
    for Savings ac. you have to maintain Rs. 10000 AQB.
     
    raoraj, Apr 15, 2011 IP
  16. hsps9.99

    hsps9.99 Member

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    #16
    I have verified by paypal account using State Bank of India, just a regular saving account. I haven't used ICICI or HDFC but I would recommend a govt bank - as they don't have much Fees and Charges
     
    hsps9.99, Apr 15, 2011 IP
  17. Tab109

    Tab109 Greenhorn

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    #17
    Thanks for your suggestions guys ,it helped me a lot.

    I finally decided to settle down with State Bank of India , and i even got the registration form today .

    Thanks.
     
    Tab109, Apr 15, 2011 IP
  18. moneyreaper

    moneyreaper Peon

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    #18
    Good luck......
     
    moneyreaper, Apr 15, 2011 IP
  19. boomer_mitra

    boomer_mitra Active Member

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    #19
    Don't forget to apply for net banking facility and mobile banking facility "Freedom"
     
    boomer_mitra, Apr 15, 2011 IP
  20. santocbe

    santocbe Peon

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    #20
    hi

    you applied for State bank of India, did you confirm your debit card in paypal for buying any goods outside.

    santo
     
    santocbe, Apr 15, 2011 IP