I need some info regarding paypal withdrawl to Indian bank account. I need to withdraw my paypal funds to Punjab National Bank. My name on bank and paypal name is same. But address differs a bit as my hometown is goa and have account at Delhi, so my banking details are of delhi address. My question, will it create any problem? If not then , how much time take to be the funds on my bank account? does it require any verification like u.s account? Or its simple... Thanks in advance.
Well, don't worry for it. As they just need your name to match and nothing else. Mine address was also different. It takes 2 to 3 days to to get money from Paypal. - Digital -
And will bank staffs or any other banking officials will inquire about it , like how do I get the money? You know Indian bank staffs are internet noobs.
Don't worry at all everything will work fine unless you got limited for some other reasons. Paypal needs your name to match .
They really don't care about anything. They just spend their time in the banks. They don't really check anything in our accounts. So, don't worry about anything. - Digital -
I am not sure about the bank officials as they hardly care for anybody, but if your remittance is large and very frequent, your account might catch the attention of RBI and IT! Regards, RightMan
Then it shouldn't be a problem i think , if i tell bank that i get money via paypal and i maintain a website which gives me profit?
no not at all , it is so simple , you just click in the withdrawal and select first option ( for getting money transfer in your bank account) it will talk 5 to 7 days max and you will receive your money safely, no inquire nothing. but the problem i faced is paypal fee, actually is is not too much high but you know the main problem is it make $ value very less when you convert it in your local currency. well this is the other matter.
You can always check for current conversion rate from $ to INR before withdrawal in your withdrawal page itself. DON.