PayPal started Bank Transfers in INDIA

Discussion in 'PayPal' started by Abhik, Oct 30, 2007.

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  1. Felu

    Felu Peon

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    #41
    Its just a list of Indian Banks with the no. of branches of each bank. Of no use.
     
    Felu, Oct 30, 2007 IP
  2. shashank4u

    shashank4u Active Member

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    #42
    This new made my day
    Good news for all Indian paypal users.
     
    shashank4u, Oct 30, 2007 IP
  3. s_ilyas786

    s_ilyas786 Active Member

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    #43
    Wow, great news for all Indians. Thanks for telling :)
     
    s_ilyas786, Oct 30, 2007 IP
  4. willi7bill

    willi7bill Peon

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    #44
    This is a great news for me as I have over 500$ in my paypal account But what will be the exchange rates of Paypal? will they be offering Rs 39 as of now or just like Xoom
     
    willi7bill, Oct 30, 2007 IP
  5. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #45
    If you go with this then keep one thing in your mind that through this you'll save at least $9.99 (if below $500) or $14.99(if more than $500) which you have to pay to xoom as their fees. ;)
     
    deluxdon, Oct 30, 2007 IP
  6. Z.J. van de Weg

    Z.J. van de Weg Peon

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    #46
    PayPalls services improve a lot for people outside the US. First all my money transfers had to go by creditcard and now it goes via my bank account.. :D
     
    Z.J. van de Weg, Oct 30, 2007 IP
  7. getjimmy

    getjimmy Prominent Member

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    #47
    This is really a great news for all the Indians paypal users.Did they introduce this service for any other countries or its only for India.
     
    getjimmy, Oct 30, 2007 IP
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  8. Abhik

    Abhik ..:: The ONE ::..

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    #48
    I guess its only for banks in India and US as I cannot see any other country in the dropdown list.

    I pray Adsense will also implement this. ;)
     
    Abhik, Oct 30, 2007 IP
  9. amitpatel_3001

    amitpatel_3001 Results Follow Patience

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    #49
    amitpatel_3001, Oct 30, 2007 IP
  10. sharadbhai_jain

    sharadbhai_jain Banned

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    #50
    great, they support my bank, IDBI
    thanks for sharing.
     
    sharadbhai_jain, Oct 30, 2007 IP
  11. aspire

    aspire Well-Known Member

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    #51
    isn't xoom offering current market rates for foreign currency conversion ??
     
    aspire, Oct 30, 2007 IP
  12. Abhik

    Abhik ..:: The ONE ::..

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    #52
    Just to let you guys know..
    I have added my SBI account smoothly and withdrawn some fund.. Will report you back how smooth it goes.
     
    Abhik, Oct 30, 2007 IP
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  13. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #53
    Thats really great abhik. Let us know of its outcome here please.

    BTW from where you get IFSC code of SBI ? I have one SBI account too :)
     
    deluxdon, Oct 30, 2007 IP
  14. Kaushal

    Kaushal Peon

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    #54


    IFSC code of HDFC bank is printed in your cheque leaf. I called up bank today and they said that. Only after checking my cheque book, I discovered it was indeed true.

    on your cheque book it would be written below your branch address
    RTGS/NEFT IFSC:HDFCxxxxxxx

    I think normally IFSC code for HDFC bank would be HDFC0000(branchcode) of your bank.

    Hope this helps.
     
    Kaushal, Oct 30, 2007 IP
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  15. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #55
    Thats really nice find Kaushal. Thats true. It is there at cheque book. Thanks for this help.

    Let you know once i go through this ;)

    Update : ICICI bank IFSC code is also there on cheque book. Something like ICIC0000xxx (where xxx is your branch code) :)
     
    deluxdon, Oct 30, 2007 IP
  16. Abhik

    Abhik ..:: The ONE ::..

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    #56
    Here is the list, buddy.
     
    Abhik, Oct 30, 2007 IP
  17. Indian_Webmaster

    Indian_Webmaster Banned

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    #57
    Thanks I also want this.

    Thanks to PayPal too. Tough days for Xoom ;)
     
    Indian_Webmaster, Oct 30, 2007 IP
  18. Rushh

    Rushh Well-Known Member

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    #58
    This is really great news, but exchange rate is pretty low (same as what they give us for cheque).

    Yesterday, i initiated a withdrawal for checking will let you guys know the update and when the amount is credit to my account . (My bank - ICICI)


    Ex. rate i got was something around 38.1 or close to that..

    The good part is that there are no fees for withdrawal so lets up the rupee comes to around the 40 mark which will be good.
     
    Rushh, Oct 31, 2007 IP
  19. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #59
    XOOM offers

    Current Exchange Rate:
    US$ 1.00 = INR 38.1506

    So better to go with paypal this time as we can save $9.99 (380 INR) in fees of xoom.
     
    deluxdon, Oct 31, 2007 IP
  20. megri

    megri Active Member

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    #60
    Will Indian bank will charge for this wire or direct transfer. What about FIRC for export sale
     
    megri, Oct 31, 2007 IP
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