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What is the PayPal India receiving limit after RBI rules changes

Discussion in 'PayPal' started by mike_sun, Aug 9, 2011.

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  1. #1
    Hi,
    I discussed with 2 guys and they claimed that they are able to receive big funds like $1200 and $2000. I'm still doubting since the latest RBI rules with PayPal agrees that users from PayPal India cannot receive funds more than $500 a day even though the funds can be received in pieces. (for funds like $2000-$3000)
    Does anybody received big funds above than $500?
    Thanks!
     
    mike_sun, Aug 9, 2011 IP
  2. deluxdon

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

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    #2
    New rule (500$) not yet implemented.

    DON.
     
    deluxdon, Aug 9, 2011 IP
    mike_sun likes this.
  3. mike_sun

    mike_sun Well-Known Member

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    #3
    Thanks Don for your suggestion.
    Did you received any funds like $2000-$3000 recently?
     
    mike_sun, Aug 9, 2011 IP
  4. deluxdon

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

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    #4
    Not that much but yes more then $500 in one go (one transaction) for sure.

    DON.
     
    deluxdon, Aug 9, 2011 IP
  5. Mind Freak

    Mind Freak Active Member

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    #5
    Even i had withdraw 358$ recently nothing happened till yet

    lets hope it stays like that :p
     
    Mind Freak, Aug 9, 2011 IP
  6. yuvi.1616

    yuvi.1616 Active Member

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    #6
    @Don: Will they implement the 500$ rule within coming days ? Is that for sure or is that still a speculation ? Because that would be greatly effecting us if they implement that. WHat could be the solution for that if they implement it in near future ? 
     
    yuvi.1616, Aug 9, 2011 IP
  7. deluxdon

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

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    #7
    Only paypal can give you exact answer for this..

    DON.
     
    deluxdon, Aug 10, 2011 IP
  8. karthimx

    karthimx Prominent Member

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    #8
    Yes my friend got $700 yesterday. So the rule is not implemented yet but can come at anytime.
     
    karthimx, Aug 10, 2011 IP
  9. mike_sun

    mike_sun Well-Known Member

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    #9
    I was only waited for this answer. Thanks buddy. Rep+

     
    mike_sun, Aug 10, 2011 IP
  10. COBSolutions

    COBSolutions Well-Known Member

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    #10
    None of the rules to comply with RBI guidelines have been implemented by paypal, but better to play within the rules because you never know when they will get another knuckle on their knees by RBI, not worth taking the chance.
     
    COBSolutions, Aug 10, 2011 IP