PayPal Resumes Bank Withdrawl In a Few Days By March 3.

hey my friend is facing problem with paypal , can any one send me the process of withdrowind money from paypal to andhra bank account he dint have credit card...!

 

I am a student. Can i withdraw money as i did in past ? (means simple way through Withdraw button) ?

 

Here's a detailed guide to apply for the IEC Import Export Code in India --

How to Obtain IEC Import Export Code For Paypal India Withdrawals

This guide will show you How to apply for the IEC “Export Code” for enabling local bank withdrawals via Paypal to India.

Local Bank withdrawals in India should start by March 3, 2010. You will need to enter the IEC / Importer Exporter Code / Export Code when withdrawing money to your local Indian Bank account.

What is the IEC?

IEC is the Importer Exporter code which is granted by the Directorate General of Foreign Trade (DGFT), to any bonafide person or company for carrying out import / export. Here is a Sample IEC.

The IEC forms the primary document for recognition by Government of India as an Exporter / Importer. On the basis of IEC, companies can obtain various benefits on their exports/imports from DGFT, Customs, Export Promotion Council etc.

Why do you need the IEC?

If you are a Paypal user and need to withdraw money from your Paypal account to your local Bank account, you will need the IEC according to a recent RBI directive.

How to apply for the IEC “Import Export Code”?

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I am a student. Can i withdraw money as i did in past ? (means simple way through Withdraw button) ?

 

they are trying to restore asap.. Be happy

 

That's a good option then.

 

What about your check that you requested with different name ?

 

Its From 3rd march

 

The only easy way left now is check

 

Can freelancers get import export code [IEC]? Please rply.

 

I think all persons can get IEC. I have not more idea right now but i have talked with our CA and he told me that its not big issue ..... Just some bank work.

He will give more details after one or two more days (Due to INDIAN Festival Holi).

Right now i can be wrong but i think it would be a bit right.

Thanks

 

Guys why will they give export license to individuals doesnt make sense

 

HI guys,

Check out their announcement.

https://www.thepaypalblog.com/2010/02/resuming-local-bank-withdrawals-to-india/

But what is this export code??

 

You should read the other threads before opening a new one. This question has been already discussed about a hundred times in the other threads

 

I also received the mail regarding this today .

 

No dude, i am talking about the latest announcement not the old discussions. So this thread is perfectly fine. Please check before you comment.

 

Is there any clarity on export code being needed for all withdrawals or only those withdrawals to bank accounts ?

Today we are able to withdraw using 'check' option, without any code, etc.
Will this remain or this code will be compulsory for all methods of withdrawals.! ?

 

only for bank withdrawals..

have patience and everyone should wait till 1st march rather than making any assumptions..

 

Certainly a great news.. I like this move from RBI as businesses can make use of the credits given for exports..

Getting an import export license is a simple one.. Your auditor can fix it in a couple of days..

 

so i need a property firm...
lolz mere pan card nehi hai