[Help] money withdraw from paypal india

Discussion in 'PayPal' started by darkbat, Jul 31, 2013.

0
  1. #1
    I'm new PayPal user from India, i have not verified my paypal account with PAN card (since i have not received my PAN card yet)
    is it compulsory to withdraw money in bank account in 7 days ?
    what will happen if i not
    plz help
     
    darkbat, Jul 31, 2013 IP
  2. Sukhraj Grewal

    Sukhraj Grewal Well-Known Member

    Messages:
    43
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    103
    #2
    In order to comply with the RBI Guidelines, all PayPal users in India must:
    • Add a Permanent Account Number (PAN) and Purpose Code.
      By adding this information, you will continue to receive export-related payments into your PayPal account and your account will not be limited from receiving future payments.
    • Add a bank account in India.
      This will help to auto withdraw your PayPal balance out of your PayPal account and transfer your balance to your bank account in India. Note: If you don't add a bank account in India to your PayPal account then your PayPal account will also be limited from receiving export-related payments.
     
    Sukhraj Grewal, Jul 31, 2013 IP
  3. nihangshah

    nihangshah Prominent Member

    Messages:
    5,536
    Likes Received:
    271
    Best Answers:
    3
    Trophy Points:
    395
    #3
    1. It's compulsory to add PAN card to your PayPal account
    2. PayPal will automatically withdraw any available PayPal balance to your bank account
     
    nihangshah, Jul 31, 2013 IP
  4. karthimx

    karthimx Prominent Member

    Messages:
    4,959
    Likes Received:
    127
    Best Answers:
    2
    Trophy Points:
    340
    #4
    you have to verify your paypal account for withdrawl.
     
    karthimx, Jul 31, 2013 IP
  5. iwebsocial

    iwebsocial Well-Known Member

    Messages:
    1,718
    Likes Received:
    69
    Best Answers:
    4
    Trophy Points:
    170
    #5
    In order to withdraw your money from PayPal you have a valid Pan Card linked with your PayPal account along with Purpose. Otherwise you will not be able to withdraw the money, even auto withdrawal will also not work.
     
    iwebsocial, Aug 1, 2013 IP
  6. humtuma

    humtuma Notable Member

    Messages:
    1,225
    Likes Received:
    24
    Best Answers:
    3
    Trophy Points:
    250
    #6
    The amount is autowithdrawl. You must need PAN card.
     
    humtuma, Aug 3, 2013 IP