Withdraw Funds from India Paypal to Bank is FREE now

I see the new paypal change now that Indians can withdraw their paypal money to their bank for FREE

there is no limit of Rs7000 and above.

Withdrawing your payments
What is auto withdrawal?

Auto withdrawal is the process of automatically transferring your funds from your PayPal account into your bank account in India.
Where will my funds be auto withdrawn to?

Your PayPal balance will be auto withdrawn to your bank account in India. If you have one bank account added to your PayPal account, it will be set as your auto withdrawal account. In case you have more than one bank account added to your PayPal account, you will have an option to set your auto withdrawal account.
Why are my funds being auto withdrawn?

This is an Indian regulatory requirement and applies to all PayPal users in India.
When does auto withdrawal happen?

Your PayPal balance is auto withdrawn to your local bank account in India daily. You can check your bank account within 5-7 working days after your funds have been auto withdrawn from your PayPal account.
Can I withdraw my funds?

You can also withdraw your funds. Here's how:

Log in to your PayPal account and click Withdraw at the top of the page.
Select the bank account you want to use.
Enter the amount and click Continue.
Select your purpose code for withdrawals.
Make sure that your information is correct and click Continue.

Can I use my PayPal balance?

When you receive payments and it is available as balance in your PayPal account, you must withdraw your funds or let withdrawals happen automatically. In accordance with Indian regulations, you can’t make purchases or send payments with your PayPal balance. Please use your card linked to your PayPal account to make purchases or send payments.
Type of withdrawal PayPal fee
Auto withdrawals made to your bank account in India None*
Withdrawals that you make to your bank account in India None*

*If foreign exchange or currency conversion is required to complete any transaction, this will be performed by a licensed financial institution. The foreign exchange rate is adjusted periodically on a daily basis to reflect market conditions and includes a 2.5% processing fee which is retained by PayPal. The exact exchange rate that applies to your transaction will be displayed to you at the time of the transaction.

https://www.paypal.com/in/cgi-bin/webscr?cmd=xpt/FinancialInstrument/popup/LearnMoreWithdrawal

 

Hi

Today i have withdrawn few bucks and i noticed paypal lifted Rs.50 fees and now u can withdraw even $3 also which is awesome.


Checkout

[TABLE="class: basic"]
[TR]
[/TR]
[TR]
[TD]Auto withdrawals made to your bank account in India[/TD]
[TD]None*[/TD]
[/TR]
[TR]
[TD]Withdrawals that you make to your bank account in India[/TD]
[TD]None*[/TD]
[/TR]
[/TABLE]


*If  foreign exchange or currency conversion is required to complete any  transaction, this will be performed by a licensed financial institution.  The foreign exchange rate is adjusted periodically on a daily basis to  reflect market conditions and includes a 2.5% processing fee which is  retained by PayPal. The exact exchange rate that applies to your  transaction will be displayed to you at the time of the transaction.

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Wow! this is an amazing news. Thanks a lot for pointing it out.

 

no u cant withdraw under 10$
u have to withdraw minimum 10$

already checked

 

Thanks for correcting me... Some how its good to know as we can exclude Rs.50

 

ya i just saw this.. paypal roz and also today $ exchange is rate is high
1 USD = 44.1382 INR

 

Yea is awesome ... If some one having more dollars than they will get good amount of money

 

At last this happened - it was much awaited... Good to hear!

 

They did that bcoz they got huge profits from us ...


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[TD]

PayPal​

[/TD]
[TD]Max Levchin, Peter Thiel, and Luke Nosek,[/TD]
[TD="align: right"]$2,250,000,000[/TD]
[TD="align: right"]$71.35[/TD]
[/TR]
[/TABLE]


Per second Paypal income is $71.35

 

Its because USD is going high every day.

 

After atleast 6 months,good conversion rates are coming

 

and what about chargebacks hmm

 

I think If anybody chargebacks,amount will be deducted from your Credit Card

 

Yaa It Is Free Till 7000rs ......

 

What if I have no credit card attached?

 

Only bcoz USD is strengthening against INR .
Shitty PAYPAL is not showering some kinda blessing on us by doing that, after f**king our indian account features and almost paralyzing them (almost fully for those who don't have CC's)
Morons (paypla or RBI... whosoever)

 

Your account will be limited.

 

I dont think if your Paypal account dont have credit Card,it will not be limited.If you dont have Credit Card,you will not be able to make or send payments.If you dont have CC,your Paypal account could only be used for recieving money to your bank account

 

The account gets verified as soon you confirm your bank details. Credit card is required to make payments to others. However, your account will not be limited if you do not enter your credit card details.