Little Confused About PayPal Withdrawal To Bank [India]

Hi,
I'll be withdrawing from PayPal to my bank for the 1st time and would like to know if I can add ANY Indian bank to my account as long as it is NEFT-enabled?

For example - I have an A/c with Bank of Baroda branch in Mumbai which is NEFT enabled and has an IFSC code. Can I add this to my PayPal a/c for funds withdrawal -- or only specific banks like HDFC, SBI are eligible?

Here's an eBay page: http://pages.ebay.in/paypal_bankaccount that says 'You can add your bank if it is NEFT-enabled.'

Does this mean ALL Indian banks (with NEFT / IFSC)? I haven't done this before, so I'm quite confused. Would appreciate some clarification from the experienced people here

 

You need USA bank acc example bankofamerica.

 

I hope you ll get your answer from above Paypal statement.

Thanks

 

Yes my friend, you can add ANY bank which supports NEFT, if its for the first time, it might take upto 7 days to receive your payment, after that they will process much faster like in just 2-3 days only.

So you dont have to worry about the bank, u can add any bank, as long as it supports NEFT and has an IFSC code.

hope this helps u

Regards
Shahab
EasyRechargeOnline.com Administrator

 

That's really great!

Thanks for the confirmation

 

u have quite a right name
lol




@natj
u can add any acct
that has a ifsc code in its branch

 

you can add any bank account with ifsc code.

 

Grow up man...

To natj

Yes you can withdraw your money effortlessly to any NEFT enabled indian bank account. I usually withdraw money to my local bank which is not even nationalised. But be carefull about the name. The first and last names on your Paypal and bank accounts has to be same. Otherwise the payment will be bounced back to your paypal account with a INR 250 penalty.

 

Thanks! Your experience is valuable

One of my bank accounts is actually with a co-operative bank (NEFT-enabled). Should be interesting to see how fast I can withdraw to it.

 

hi! just go to the bank of america and ask what you can do.

 

Yes you can add ANY bank which supports NEFT. It will take 5-7 days to receive your payment

 

Yes you can go for it man. Bank Of Baroda is working fine at PayPal and you will get your money within 4-5 days in your account

 

See list of NEFT enabled banks and branches.

http://www.rbi.org.in/scripts/neft.aspx

 

It is not the bank , it is the branch which should be NEFT enabled .. and according to RBI over 47000 branches of various banks are NEFT enabled .. So , I guess you can withdraw to the Bank you mentioned above..

 

I dont think that it will take that much time.. last time when i withdrew money to my south indian bank account, i got it on the 4th morning. but may be it depends upon the bank...