Make auto withdrawal button added in indian paypal - 7 days withdrawal rules started

So you mean we can withdraw more than $500 per month to our bank. But I have a question. If I made more than $500 per month and I withdrawn $400 to my bank account and $200 via check and I will deposit to other bank. Will I be in trouble?

 

Brother just see my thread and you will realize and yes after entering PAN paypal will limit you from only receiving payments and its over 12 days still paypal PAN VERIFICATION IN PROGRESS !!

http://forums.digitalpoint.com/showthread.php?t=2258953

I think Autowithdrawal Showing to New Paypal Users now and soon will show up in all Paypal users ....

 

COME ON Somebody ANSWER my question (asked before too)

1) Do users who have already entered their valid PAN number (after the RBI rule was enforced around april by paypal) and whose account is working normally (without any limitation or issues), see a "CHANGE" option next to their PAN card number when they click "withdraw to bank" option within paypal?
Also check whether the same option exists in your profile option?

2) Are paypal cheque withdrawals working perfectly after all this RBI shit in last few months?

3) if yes, How long does PAYPAL cheque takes to arrive in india and they send it through what method? Registered post /EMS/ Good courier like DHL/TNT or some other courier shit?

4) How long does that take to get encash in our bank account after depositing in bank..approximately?

5) There appears to be a limit of 2500USD /month for withdrawal by cheques... is that for all accounts or just mine? Has someone ever tried to go above that limit?

KINDLY reply asap with DETAILS.

 

1. I've entered correct PAN details and have had no problems at all. PayPal offers changing PAN info at this link in my account. It appears on the 'Withdraw funds to your bank account' webpage.

2. 3. 4. NEFT is the best, safest and fastest option compared to checks.

 

@nihangshah
Thanks for reply
Have you tried clicking on that, does it allow you to change your pan, i mean enter new one? (i know you dont want to change it. of course you dont need to click save after that)

@others
But still waiting for reply to point 2, 3 , 4 and 5th

 

@dumppaypal
2. works fine
3. approx 45days, comes via normal post ; no courier/tracking
4. 3-4 days as the chqs are in INR

 

2) Yes, they work perfectly fine.
3) Checks are posted from singapore and are in INR, encashable in any CITI bank branch in India.

Normally they take 3-5 days to process the check and post them. Once posted via singapore mail, they take further 5-7 days to reach you. The postage is through normal mail, not through courier and doesnt have any tracking. But, the checks are account payee only, so it is encashable only by you or anyone with your exact name. But if any one misuses your check, they are trackable, criminally liable.

4) Basically if you are in a city where there is CITI bank, you can deposit it to any bank in your city and they will send it to the citi bank branch in your city and encash it within 1-2 days. If you are in a town where there is no CITI bank branch, collection takes some time, upto 5-7 days by your bank.

5) You can get the limit raised by contacting paypal. You must give them a good reason for them to waive the limit off, also they will ask you to send additional verification documents. Please note, they might decide not to raise the limit as well, its their decision.

If you have any more questions, PM me.

 

Coolnikin says 45 days ...
supersenwins says 7 days........ Should i commit suicide now ?

@supersenwins
have u raised ur cheque 2500usd limit this way?
whats ur new limit?
what documents did u provide ?

 

Why dont you use NEFT Transfer to your bank account instead of applying for Check

 

Bcoz as of now I DONT WANT TO Give these paypal morons, my PAN card number!
THATS WHY! OK?

 

I think Paypal has not implemented it yet as I activated that feature but haven't got Auto withdrawal.

 

PAN is now compulsory requirement for all Indian PayPal users. See this notice.

 

Another SHITTY news. DAMN!
Dont think cheques will get any way effected though! (But F**K again, if they will limit the account for incoming money from 22nd aug, as per the FAQ's on that link, that will mean there is no incoming money, then what will we withdraw via cheques too....f**kin bloody shit man...Bull shit! !

 

^ you cant accept payments after 22nd, if you dont have PAN and Bank Acc in your paypal account

Time to close existing accounts & open new one.

 

In addition to that....

LOOK AT THIS PROOF of our so called "GREAT" Rajiv gandhi http://pdfcast.org/pdf/rajiv-gandhi-2-5-billion-swiss-francs
MOST CORRUPT PM ever and now his family is runing india and all blame will go to a economist Dr. Manmohan singh which is spine less in front of ORIGINAL italian queen SONIA gandhi (who was not able to become PM as she is still italain just like his son, who has not even given back his italian passport and not an INDIAN resident), who played a trick by appointed PM like M.Singh and silencing critics since then.

PATHETIC Politicians like kapil sibal should be hanged to death!

 

nice one. its a german newspaper saying 2 billion swiss francs in 1991. Wow, it must be now worth almost 20billion after 20 years. amazing!

 

If you close your existing account and open new one then you will face same problem as now so better follow what Paypal asking for and enjoy using Paypal

 

What is the minimum balance required for auto-withdrawals? Is it set to $10?

 

Yes the minimum balance required is $10 to withdraw.

 

It is going to be free from now. There are no fees even if you withdraw less than INR 7000.