Anyone Start using/facing Auto withdrawal of paypal balance to Indian Bank account?

Discussion in 'PayPal' started by rajamanickam.a, Aug 23, 2011.

0
  1. #1
    It seems paypal is implementing the Auto Withdrawal of paypal balance to Indian Bank accounts on daily basis.

    Anyone start using this feature? And, I would like to know whether it is an optional feature or compulsory one?

    Anyway, I think everyone will welcome this feature as Paypal has removed the Rs. 50 withdrawal fees.
     
    rajamanickam.a, Aug 23, 2011 IP
  2. Padalda

    Padalda Banned

    Messages:
    1,443
    Likes Received:
    26
    Best Answers:
    0
    Trophy Points:
    110
    #2
    I think , there is no need to use "Auto Withdrawal" option. It is an option for you , if you can't withdraw your funds to your bank account within 7 days.
     
    Padalda, Aug 25, 2011 IP
  3. mridula46

    mridula46 Peon

    Messages:
    124
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #3
    Auto withdrawal is not your option. It has been implemented since September 15 by Paypal to match RBI guidelines. Now we are not allowed to keep money in a Paypal account for more than 24 hours. So it automatically moves to our bank account.
     
    mridula46, Sep 16, 2011 IP