Possible to verify paypal account with bank details?

I had read somewhere in this forum that paypal has stopped accepting Indian bank details for verifying a new account. Is it a fact? I had also read that a couple of months back, paypal had initiated a system through which Indian users no longer need to add credit card detail and that they can verify their account through their bank details.

According to that system, 2 small amounts would be transferred to the bank and when the user confirmed those amounts, their paypal account would be verified. Is this system still working?

Thanks a lot in advance for your answers.

 

I think its not working anymore as I saw few threads related to it here.
Just do a search and you will get them.

 

Thanks a lot for the quick response, Shubhi. Then my only option is to opt in for a new bank account and get a new credit card. I just cannot risk my current credit card being exposed online, given the fact that it high value Platinum+. The banks also will not permit me to downgrade the same. They say that I must be mad. According to them, everyone wants to upgrade their CC for a higher credit value and I am the first person they have come across who wants to degrade to a lower value. Sigh! such is life.

 

LOL... I hope they downgrade mine too, else I have to go in for another bank :/

 

Yeah i also have read sometime back that they have stopped verification with bank accounts , doing by cc is the only way left.

 

Thanks a lot for your inputs bro