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can we send and recieve funds without PAN card

Discussion in 'Payment Processing' started by web67, Mar 11, 2010.

  1. #1
    as applied for PAN card, so will get it within some days. Till that can we send and receive money through paypal in india.

    Thanks !
    SEMrush
     
    web67, Mar 11, 2010 IP
    SEMrush
  2. olddocks

    olddocks Notable Member

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    #2
    In India, as of April 1, all bank accounts are required to have PAN. of course! any transactions of cash, above 50'000 are required to have PAN.
    Thats what i heard. Just get pan and save all your doubts.
     
    olddocks, Mar 11, 2010 IP
  3. sweatlana

    sweatlana Well-Known Member

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    #3
    As paypla asking for PAN card no. for Indian account holders. what it is just for verification not for Tax purpose and you can withdrawal without PAN till 31 march.

     
    sweatlana, Mar 11, 2010 IP
  4. Avisblr

    Avisblr Member

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    #4
    Yes, you can. It's better you apply for a PAN card. It may take max 30 days.
     
    Avisblr, Mar 12, 2010 IP
  5. jameskon

    jameskon Well-Known Member

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    #5
    Does pan card is required only for withdrawl ??
     
    jameskon, Mar 12, 2010 IP
  6. keerthi143

    keerthi143 Active Member

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    #6
    yes i think you can recieve or send payment to and from your paypal account without pan card.. i dont know about withdraw
     
    keerthi143, Mar 12, 2010 IP
  7. pintonbd2

    pintonbd2 Well-Known Member

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    #7
    i am still using without PAN Card ,
     
    pintonbd2, Mar 12, 2010 IP
  8. Algore

    Algore Peon

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    #8
    Yes u can

    No restriction as of now

    I just spoke to a PayPal official ... he confirmed that u can even withdraw without PAN ... The limits of wothdrawl are 2500 $ if u are haivng personal PayPal ... no limits for others

    Someone saying RBI made it compulsory i mean PAN from 1st of April ... in that case from 1st April 2010 ... i will be required to provide them PAN without fail in case of withdrawal ( This is my personal exp .. PayPal dont have any info about this )

    Anyways to get ur business up with PayPal please get your PAN today or switch to other payment processor

    Just to let everyone know
     
    Algore, Mar 12, 2010 IP
  9. RightMan

    RightMan Notable Member

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    #9
    I thought it was mandatory to have PAN for withdrawals... with immediate effect!
    Thanks... buddy, for clarifying from the source itself but I am little confused now about it being compulsory from 1st April too, or else Paypal would surely be aware of it!
    If PAN is not being quoted by them anywhere as of now, I wonder what was the need to ask for it.. in the first place? :confused:

    Regards,

    RightMan
     
    RightMan, Mar 12, 2010 IP
  10. simplyjo

    simplyjo Well-Known Member

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    #10
    I just withdrew too, without pan card info in 1 account..lets see when they wud stop it.. till then, we can accept, send/ receive payments without pan card.
     
    simplyjo, Mar 12, 2010 IP
  11. dacodaxx

    dacodaxx Greenhorn

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    #11
    Where and how can we get a PAN Card?
     
    dacodaxx, Mar 12, 2010 IP
  12. Algore

    Algore Peon

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    #12
    Mate PayPal says we don't need your card .. RBI needs them
    BTW they said you can withdraw without PAN .. but my exp says not to withdraw more than 50K at one go ... if u don't have one
     
    Algore, Mar 13, 2010 IP
  13. HozterZ

    HozterZ Peon

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    #13
    no problem mate.. you can use it without PAN but I don't recommend it.
     
    HozterZ, Mar 13, 2010 IP
  14. pverma

    pverma Peon

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    #14
    I started withdrawl with PAN No. lets see what happens. (started with less amount.)
     
    pverma, Mar 13, 2010 IP
  15. ioppp

    ioppp Peon

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    #15
    mate its still possible to withdraw without pan card..cos last 12th march dey initiated some fund on my ac.:cool:

    ...
     
    ioppp, Mar 13, 2010 IP
  16. rathin

    rathin Peon

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    #16
    at this time no issue you get money without pan but better get it and i seen that you applied for it so no issue on this
     
    rathin, Mar 13, 2010 IP
  17. clbyodo

    clbyodo Peon

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    #17
    Yes,we can send and recieve payments without PAN card.
     
    clbyodo, Mar 13, 2010 IP
  18. dacodaxx

    dacodaxx Greenhorn

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    #18
    how did you get a PAN No.?
     
    dacodaxx, Mar 13, 2010 IP
  19. chandan123

    chandan123 Prominent Member

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    #19
    you need to apply for a pan card and use that number
     
    chandan123, Mar 13, 2010 IP
  20. jomon003

    jomon003 Active Member

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    #20
    Yes you can..... But your account features will be limited.......
     
    jomon003, Sep 23, 2010 IP