Withdrawing Payment to Indian Bank Acccount.

Hi,
Has anyone tried to withdraw money from paypal to Indian bank account. I tried once to withdraw to my Axis Bank Account. before Diwali. But the money is reversed. Paypal has deducted INR 300 in total transaction. I think this method is not yet successful.
Is there anyone who has withdrawn money to Indian bank account yet?
Thanks

 

Its so Simple .. I did this two times from Paypal and both times I got my payment

What IFS code you are mentioning in your Bank IFS code .. Do sure to add the right code otherwise you would be in trouble and it would deduct payment...

I did withdraw to my Axis and HDFC bank both and both were successful

 

Yes i tried, it works great.

 

zeaus do u want free money.

 

You would give me free Money.. NAAAAAAAAAAAAAAAhhhhhhhh

I think so I would not go for this .. Sorry ..

I do have enough money .

 

Well, Thanks friends, for immediate reply. Ok, I shall just withdraw to my bank account Let's see if it goes fine. Can any one tell me the time period it took to receive funds in your bank. Thanks

 

Depending upon the Bank's Policies you get the money ////
One member of DP withdrew money from Paypal on 22nd and did not get till yesterday and I withdrew on 23rd and got on 26th ..

 

its very fast , i got money in three days from the date of withdraw to my ICICIbank Account

 

even i also got the money in three days

 

Maybe your IFSC or account holder name was wrong hence it got reversed?

 

The IFSC code was correct. I have one doubt. Do you write the account no. in last 2 fields with branch code or without a branch code? Like if complete account no. is 023001820493, where 023 is branch code. Have yo given the account no. as 1820493 or complete 023001820493? Thanks

 

Give full branch code.. And it should work fine.
My programmer is from India, and he WD's money i send him for work he does on my network sites via Paypal very very often since they started the Wire to bank option for india...

DL

 

I see great cooperations, advices and help coming.
Pls. clarify are you drawing to your personal savings account of business bank account? I am trying to withdraw into my personal savings bank account.
Update:Wooo! I just checked I applied to withdraw $157.68. But got reversed funds equal to $140.23. Huge loss. Is there anyway to receive funds in USD in India?

 

i think it doesnt matter if its a S.Acc or C. Acc ... provide details properly and the & the 11 digit IFSC code , find your branch code here >> http://www.rbi.org.in/scripts/neft.aspx
It should tranfer within 3-5 business days if u have provided details right.

 

Asterix mine is a business account at paypal. But I have mapped my personal account in paypal. does it make a difference?

 

i request for withdraw today..... i hope i will get the money after 7 days...

 

Most probably you will have it 3-4 days..

DL

 

thanks for letting me know.... i will check my acc. after 4 days...

 

Your name in paypal a/c and bank a/c should match exactly.