Withdrawal Reversed

Hello ,

I have withdrawal Rs. 500 few days ago ( Testing ) and money was reversed back to my paypal account.

Reason - Invalid bank account information

But i have checked bank account information again and it's all right so why money reversed and i have just got RS. 5 only back in my account.

I have added my bank account info again but paypal showing a message " already exist " .

What can i do now ?

FM

 

You need to remove the bank account first and then add again after checking everything. May be your name didn't match or you didn't put IFSC and Account number in correct format.

 

I entered everything ok and correct formate, Name,IFSC code , ACC no ..Actually i opened a new bank account and amount is still 0.00 ... I think first i need to deposit few buck in it ....

 

First deposit some initial money in your account without it most banks would be rude. it could be possible that your account is not even activated yet or bank isnt offering you NEFT electronic funds facility to your account.

 

Paypal deposit few small transaction to your accoutn before you confirm and withdraw your account. You should wait for that small amount deposit

 

I guess you must have some initial money in your bank account.

 

listen, this is what u need to do. Initiate a NEFT from your bank acocunt to any other bank account (Self/Friends). Check if the transaction goes thro. If it does, then you wud get the deposit from PP. Actually PP transfers thro Deutsche bank in India for NEFT, so NEFT wud not have been yet activated for you. Btw, which bank do you have. HDFC bank has NEFT enabled by default, unless you ask not to.

 

State bank of india (SBI)

 

get a neft transaction done as I said above and then do it thro paypal. Good Luck

 

I think the same. Like the credit card validation, it takes some money from it. After your bank account is confirmed you will be able to withdraw without problems!

 

I Think IFSC code is Worng check it & i add proper IFSC banking code.

 

You have to first activate your bank account by depositing the minimum balance required at SBI.

 

I agree with you,