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I have a question to indian paypal users

Discussion in 'PayPal' started by Bawazeer, Jan 28, 2015.

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  1. #1
    I have a question to indian paypal users, do you guys have any such problems facing that you are using saving account of any banks ie axis,hdfc,sbi,etc debit cards that was added to paypal and getting problems like banks not issuing the transfer money asking the questions or paypal account banned or limited or any other issue.

    I m asking this question cause i m planning to open a paypal account as you can check below the Disclaimer on axis bank;

    Please do not use your Debit Card or online banking facility or any other means for collecting and effecting / remitting payments directly /indirectly outside India in any form towards overseas foreign exchange trading through electronic/internet trading portals. You would be liable for contravention of the Foreign Exchange Management Act (FEMA), 1999 besides being liable for violation of regulations relating to Know Your Customer (KYC) norms / Anti Money Laundering (AML) standards. For further details on this, please refer to RBI Circular: A.P. (DIR Series) Circular No. 46 dated Sep 17, 2013
     
    Bawazeer, Jan 28, 2015 IP
  2. JEET

    JEET Notable Member

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    #2
    First of all, you are not transfering money to swiss bank using paypal.
    You will probably make payments for shopping etc.
    If you are selling, you will get payments for your products.

    Also, using a debit card is not of much use. I don't think that banks are allowing paypal to use your debit card and make payments. I don't know recent updates, but a while ago, ICICI bank did not allow using their debit card on paypal to make payments.
    You'd need a credit card instead.
    I might be wrong on this point and your bank might allow a debit card. Talk to customer care and ask them if you can "use your debit card on paypal to make a payment."

    Take care
     
    JEET, Jan 28, 2015 IP
  3. Agni Shukla

    Agni Shukla Member

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    #3
    I am user of paypal since 2012 , I am using one public bank to get funds autowithdraw in paypal. Most of private banks can raise issue. but as per my best knowledge. You will never face any issue.
     
    Agni Shukla, Jan 30, 2015 IP
  4. iBoot

    iBoot Well-Known Member

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    #4
    some days ago i received email from ICICI bank (marketing email) that you can use their debit card / credit card via paypal.
    Email was only for paypal. so looks like they are now supporting it fully
     
    iBoot, Jan 30, 2015 IP
  5. gkhub

    gkhub Active Member

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    #5
    Yes, can open a paypal account. Also you can use your debit card on paypal.
    I have a SBI debit card and it never work on paypal.
     
    gkhub, Feb 4, 2015 IP
  6. XiNiX

    XiNiX Well-Known Member

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    #6
    Paypal Transfers are purely legal.
    Your money is transfeered daily to your bank account.
     
    XiNiX, Feb 20, 2015 IP
  7. deluxdon

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

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    #7
    Using saving account of any banks in indian paypal account is 100% valid. There is no any issue regarding same as far as i am using it since last few years and no problem at all with that. Go ahead without worry :).

    DON.
     
    deluxdon, Feb 20, 2015 IP
  8. Morezz

    Morezz Banned

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    #8
    I dont think banks raise questions anytime on Paypal to their customers.I never got email nor call from bank as of now.
     
    Morezz, Feb 20, 2015 IP
  9. refonisdeys

    refonisdeys Member

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    #9
    can u let me know whats the duration of auto debit in paypal india
     
    refonisdeys, Apr 8, 2015 IP