Withdrawal to India banks from Paypal through XOOM is Working. Confirmed and Tested.

your efforts are appreciable, thanks!

 

well what did they tell you

 

i told my CA and he told me the same to lodge a complaint against RBI with RBI. He also told me as per RTI act they are supposed to send you a satisfactory response within 35 days. I admit that i didnt have the guts with me to do it. I salute you for coming forward.

 

They had not down my Complain thats all

 

You are forgetting that it is not RBI's fault. It is just a regulator who has decided to suddenly become strict and wants everybody like Paypal to follow their guidelines.
The ball is now in Paypal's court to get itself registered with it and make its operations... confirmatory to RBI's policies!

Regards,

RightMan

 

RBI and Paypal both have Faulty.
RBI: they had not given specific timeframe to Paypal
PayPal: Paypal did not informed us

But we are here to find solution and get our Money to our Bank account. so atleast we can efforts and Paypal is in not our Control but with RBI we have to start

 

I still see PayPal as faulty not RBI, they should know Indian money transfer rules and regulations before starting the service

 

Thank you olddocks

 

Ok i agree with your Comments but atleast we can try to get our money back with RBI as paypal contact is not in our Control

 

We all had faced withdrawal problems around this time last year too. Perhaps RBI had then given notice to Paypal to mend its ways and was kind enough to allow it to continue its operations... but I guess Paypal did not take RBI seriously then... and so this sudden stoppage this time!

Regards,

RightMan

 

So what do you guys think. Will the problem be solved or we will have to find a alternative to the solution?

 

Now how we can withdraw the funds from paypal which we have in our accounts.What we do for that??
Any other method with which w can withdraw the funds???

 

check and CC

 

As far as i know the only method is Check Payment from Paypal with $5 Check withdrawal Fees

 

I got one more news
Paypal Updated his Policy for indian User and it will effective from March 10, 2010 But paypal had still not posted on Paypal.com/in (Indian Site) but it is eveiable at Paypal.com/us (USA site)
you can read those policy at
https://cms.paypal.com/us/cgi-bin/?&cmd=_render-content&content_ID=ua/upcoming_policies_full&locale.x=en_US
and as per this i think all withdrawal will hold until March 10, 2010
Please suggest your opinion too

 

we need to wait upto march 10 then

 

but atleast these morons should inform whether the bank withdrawals will start after 10th march or not....paypal is just taking there time so they dont lose customers too quickly i dont think they will able to start bank withdrawals again nor our honest indian babus will let them....

 

I dont think this issue is related to Paypal's policy updates. If that was the case they could allow us to withdraw our money. They need to be authorized by RBI to set up and operate in India as a "Payment systems Operator".
The below link shows the list of organizations that are currently authorized by RBI.
http://rbi.org.in/scripts/PublicationsView.aspx?id=12043

 

yeah today i got email from them telling the same matter.now how can we transfer money to the bank account in india from paypal?