Kotak bank to withdraw funds?

Discussion in 'Payment Processing' started by miner, Dec 9, 2008.

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  1. #1
    I need to know if funds can be withdrawn from paypal to Kotak bank and how is their service?

    thanks...
     
    miner, Dec 9, 2008 IP
  2. deluxdon

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

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    #2
    Why not. Just check under your withdrawal option for list of their supported banks.

    DON.
     
    deluxdon, Dec 9, 2008 IP
  3. RightMan

    RightMan Notable Member

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    #3
    All the private banks are more or less the same.....except may be ICICI...who is very aggressive as far its lending is concerned.....hence little bit risky....

    I rate HDFC Bank to be best amongst all the private sector banks..though Kotak is not bad either....with Uday Kotak doing a very good job at the top.

    Regards,

    RightMan
     
    RightMan, Dec 9, 2008 IP
  4. miner

    miner Active Member

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    #4
    Thanks RightMan,

    I am considering to open a new account with kotak in next 2 days, so need to know some feedback from account holders and about paypal withdraw time etc...
     
    miner, Dec 9, 2008 IP
  5. miner

    miner Active Member

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    #5
    What happened with Canara bank? can you elaborate the incidence?
     
    miner, Dec 9, 2008 IP
  6. miner

    miner Active Member

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    #6
    The same happened to me with ICICI 2 months back when i had problem for not crediting the paypal withdrawel for more then 15days time...

    The guys at the bank knew nothing about paypal even their customer care had no details...

    They think Paypal withdraw is considered as international transaction and some one from US has send to us!!
     
    miner, Dec 9, 2008 IP
  7. conniefuller

    conniefuller Banned

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    #7
    Dude, as long as you have a Sort Code, Bank name, location, and number. and CAN confirm it..
     
    conniefuller, Dec 9, 2008 IP
  8. Ajucoolest

    Ajucoolest Well-Known Member

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    #8
    Miner None of the Indian Banks know about Paypal and neither do Bank employees , it's us the webmasters who know about Paypal.

    In any case the money is not sent to you from US .. It is either sent from Deutsche Bank Mumbai Branch or any other branch through NEFT and any bank that is connected to NEFT facility can be used for withdrawal of funds from Paypal .

    Two months back there were lots and lots of holidays and you know INDIAN Banks do not work on holidays so there was a delay in NEFT transactions .. Almost every webmaster experienced this delay. I also had the same problem that time in HDFC Bank but not any more .. I usually get funds in 36 -42 hours from time of withdrawal.
    So , I guess you can withdraw to Kotak easily.
     
    Ajucoolest, Dec 10, 2008 IP
  9. miner

    miner Active Member

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    #9
    Thanks Aju,

    I just signed the papers for opening a account with Kotak, i will keep updated how efficient their service is...

    thanks again for all who replied here...
     
    miner, Dec 11, 2008 IP
  10. sachin410

    sachin410 Illustrious Member

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    #10
    So how was your experience?

    I enabled Kotak's net banking facility recently.

    Unlike ICICI, Kotak's site doesn't show details of recent transactions....isn't it?
     
    sachin410, Jul 12, 2009 IP