Simply Intelligent Technical Analysis and Trading Strategies. August 21, by Rajandran Comments.

Indian PayPal users can now withdraw funds from their PayPal account to their bank accounts absolutely FREE!! Yes, it was free earlier also, but only if you withdraw funds above INR 7, If the withdraw amount was below INR 7, you have to pay a fee of INR Now there is no minimum amount for free bank withdrawal. You can withdraw any amount to your bank account absolutely free!!

Purpose Code Mandatory from 22nd August Paypal India users now need to add purpose code to receive and withdraw money to India banks. In an email, Paypal has pointed out to an acccount upgrade wherein Purpose Code is mandatory requirement now to keep your Paypal account active to recieve money. A year back the purpose code was introduced and was only required when you needed to withdraw money to your bank account.

Recently, Paypal India made it compulsory for Indian users to add the 3 requirements to withdraw money. PAN or Permanent Account Number Purpose Code Bank account in India.

Many users fail to use the purpose code. But now you need to enter the purpose code also in order to continue recieving funds. This is to comply with RBI guidelines in India in order to receive export-related payments into your Paypal account and withdraw money. Instead, all payments received into your PayPal account must be withdrawn to your linked bank account in India. The FAQ reveals that now your funds will be auto withdrawn to your bank account in India, but that requires PAN, Purpose code and Bank Account.

Once your data is complete, Paypal can transfer money to your bank account automatically to comply with Indian regulatory requirements. Auto WithdrawlIndiaPANPaypalPurpose CodeWithdrawl. Rajandran is a Full time trader and founder of Marketcalls, hugely interested in building timing models, algosdiscretionary trading concepts and Trading Sentimental analysis. He now instructs users all over the world, from experienced traders ,professional traders to individual traders.

Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst Optuma ,Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

August 22, at August 30, at 4: August 3, at 5: August 12, at The first thing is there is no minimum amount.

And also there is no specific time mentioned or any interval given by which you can withdraw the money. On an average the amount is auto-withdrawn in 24 hours. January 1, at February 21, at 3: August 21, at 4: Even if you have only 50 cents in your PayPal account, it will be withdrawn to your bank account.

Else the PayPal bot will initiate another transaction if you leave out say, 50 cents. Also, you can completely leave it to PayPal to auto-withdraw the money, since it will completely wipe the account clean of all the money, no matter how many different currencies you deal with.

February 18, at June 11, at 2: I am trying to raise some money from outside. I am working at Saudi and have a NRI account. July 31, at 5: Also, I am opening a new account now -- and please inform how do I fund the account?

Can I do a transfer from my bank account mentioned on Paypal account to the Paypal account so I can use it? July 31, at August 1, at 6: Thanks -- but I want to fund the PayPal account using my bank account. August 1, at 9: You need a credit card to link with paypal to send fund transfer directly to your opponent and a bank account linked to receive funds.

November 7, at 2: I do have PAYPAL ACCOUNT and I have linked my Andhra Bank Account. But I am unable to transfer money from my account to PAYPAL account. Pleae guide me how to transfer fund from my bank account to PAYPAL?

November 7, at 3: November 7, at 4: Please suggest how I can add funds to my Paypal Account? I have alredy linked my bank account and got verified also. September 16, at 6: HALLO SIR,THIS IS ABHISHEK. I WANT TO KNOW THAT HOW SHALL I GET MY INDIAN CURRENCY AMOUNT THROUGH PAYPAL WHICH IS ACTUALLY IN FOREIGN DOLLARS AMOUNT? November 3, at May 20, at 8: I also want to know the answer too because I have read in one of articles that from PayPal dollar balance it just directly transferred the numerical value….

October 1, at 9: October 1, at September 10, at 4: Dude which website it is? April 20, at 3: October 10, at 1: So what purpose code would apply to me. Licensing of Creative Work. October 10, at October 11, at 3: Just wanted to be sure. October 11, at 1: November 12, at 4: Hi, I am working outside India and have a NRE account opened in India. Can I use paypal to send money back to India into my NRE account?

What purpose code should I use for this transfers?

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November 30, at 1: December 1, at December 19, at 2: First add your bank account and link to your paypal account. Rest Paypal will take care on withdrawal part! December 26, at 7: Sir, I have HDFC Debit Card but it is not being authenticated during sign up. It says that my number is invalid even though I have typed it correctly and also the CVV code. February 14, at IF I WANT TO RECEIVE MONEY IN IT LINKED TO PAY PAL -- IS IT STILL POSSIBLE.

RBI KEEPS CHANGING SO MANY THINGS, I AM CLUELESS OF STATUS RIGHT NOW. BUT SINCE I SEE AUTO WITHDRWAL OPTION -- I GUESS WE CAN STILL RECEIVE MONEY GLOBALLY IN ANY CURRENCY TO OUR INDIAN PAYPAL- RIGHT?

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March 23, at 1: March 29, at Respected Rajendran Sir, I have 2 doubts about my Paypal Account 1. My Paypal Account is bearing my name as Mariamma K. So Pay Pal refused the PAN for verification. My Bank Account have my Office address whereas Paypal has my house address.

So, in brief 2 or more matters does not tally for Paypal. My Paypal is not verified. Please suggest a solution. Can you help please? April 12, at 1: May 16, at 4: HELLO SIR, I WANT TO KNOW THAT HOW SHALL I GET MY INDIAN CURRENCY AMOUNT THROUGH PAYPAL WHICH IS ACTUALLY IN FOREIGN DOLLARS AMOUNT? June 20, at 7: June 30, at 3: You gave superb information on paypal.

But i am facing a different kind of problem. I am confused about which indian bank account Paypal accepts and recognises well! Does it accept PNB?? June 30, at 4: Yes it accepts any bank having IFSC code.

September 14, at 7: Pls let me know. July 15, at 2: Sir i want to know if i have name on my bank account is shaikh faisal ashfaque ahmed and on my pan card its shaikh faisal ashfaque A. So can i transfer money from PayPal to my bank account.

July 21, at July 21, at 3: July 28, at August 9, at 1: Hi, Thanks for giving this valuable tips I just open a business account for my tech support business in PayPal, and now this is totally active. I want to ask what does it mean PURPOSE CODE? And how many days I can keep money on my PayPal account? August 19, at 9: August 19, at November 10, at 5: I am working in Oman, here it is asking for ROUTING NUMBER, what could that be? August 20, at 6: How can I do it?

I also have a visa credit card from a UAE based HSBC bank, connected to the paypal account. If i do it through a ATM, they will charge me their cash advance fees and interest rates will apply as it will showing as credit taken from the card in cash.

August 20, at 7: If you have a dubai bank account probably you can map your paypal with Bank account and withdraw the money to your Bank account. August 21, at 3: I fund forex paypal small home business. My US client wants to transfer funds only through Paypal in USD I wanted to understand additional costs involved to receive funds, then transfer charges to my icici account if anywhat will be conversion charges.

Any other hidden costs. When the client is paying money via paypal then paypal will take transaction charges. And transferring from your paypal account to Indian Bank account is free. August 24, at 4: Hello Rajandran Sir, It is great to see you still replying to queries years after the original posted date.

Thanks for your bighearted service to us. My Question is, while setting up my bank acc, paypal asks: Will this create problems?

Should I go for change of name in either one? Secondly, you may have heard about the debate between paypal money transfer vs wire transfer.

Some say that for large amounts wire transfer is best, but for freelancers paypal can be sufficient. August 25, at 2: Ideally it doesnt create any sort of problems. Make sure that your pan card is updated. Yes for Large money Wire Tranfer is best where you can get the best rates as paypal charges are higher when comes to Big Money. August 24, at Hi Admin, I am live in India. What type of purpose code I have to add in that field?

September 6, at 3: September 12, at 9: Sir I am going to use neobux, it requires a paypal account to withdraw money. I am having 2 doubt about paypal. September 13, at 2: I am a freelancer and working on odesk.

Now i want to get payment from my client. They have transfer on odesk and from odesk i have transfer into my paypall account. Then please tell me the further step to get my money in my bank account. September 14, at In Paypal you have to link your bank account. Once money came to your paypal account it will be automatically withdrawn to your bank account.

And banks are not currently deducting any taxes automatically which you need to file it manually. October 2, at 9: October 2, at 2: If you connected paypal with Indian Bank account. Probably it will be auto-withdrawn to your bank account automatically. October 2, at October 3, at October 16, at Recently I completed my studies and am unemployed. Which purpose code suits for me to withdraw the amount? November 3, at 1: If I have a balance of 10 usd in my Indian paypal account.

In the next 5 to 7 days how much will I receive into my bank account. November 3, at 2: Whatever the money you have in your paypal account regardless of the size your conversion rate will be always done at Paypal conversion rate. For Ex if USDINR Spot price is May 17, at If any one want to transfer money from ODESK to indian account, the cheapest way is link your indian account to directly to your ODESK account and transfer you money from ODEK to your indian bank account, december rally stock market will be cheap incompare to paypal.

Now days we can open USD account in india currency converter nz dollars to gbp if paypal fastest way to make money in the witcher 2 charge for currency conversion for indian USD account [there is no currency conversion will require ].

Please advise what purpose code shall I give in my PAYPAL account. As I supposed to receive payment from one of the social networking site. If I want to change the purpose code which is given already in my PAYPAL account. Can I change it now for appropriate one.

November 7, at 5: November 8, at November 21, at 1: Can I receive personal PayPal payment from a friend in another country and withdraw it to my bank account? November 21, at November 22, at 3: I have a verified PP account. December 10, at 3: I want to know that can we receive money the paypal in the form of Cheque, instead of linking bank account. Is their any option for this to get the amount in the form of cheques. Does they charged to send cheques. If we receive cheques from the paypal what is the procedure to encash the cheque.

December 13, at Hello sir, Does the paypal account have any charges? Please reply your feed back is very important to us. December 24, at 2: December 25, at 2006 f150 fx4 msrp January 2, at 1: Minimum amount for withdrawing from PP.

Any hidden charges that later accumulate and come as maintainance charges. Is it safe to use PP and link to local bank account. Process to create PP account? January 2, at 2: Now there is no minimum amount for free bank withdrawal 2. Currency conversion will be there. Any hidden charges that later accumulate and come as maintainance charges A: Yes it is safe. You can expect Bank Level Security 5. Requires a PAN Card Mandatory. Connect your credit card, Bank account and Address Verification.

January 3, at 5: Dear Onewe just created a websitewhere user can transfer fund captain morgan private stock premium barrel other for just help by emailcan we integrate PayPal for this purpose, this website have more then million user, plz guide me if we integrate PayPal then fund transfer to Indian PayPal account Can withdraw to Bank Account, it is fund raising Portal.

January 3, forex trading scams australia 9: Can i add funds to paypal through bank if yes how? Can i make international payment through my bank account as mejores brokers forex online dont have any money into my paypal account becoz i dont know how to add funds to paypal.

January 3, at You can receive or transfer funds fund forex paypal one paypal account to another. Even if you receive funds from someone paypal will do computer work at home without investment in ahmedabad fund transfer to your bank attila the stockbroker discogs. January 12, at 3: Respected sir, If i work for imagetwist.

January 22, at 1: I am doing Online Data Entry Job and my Employer is situated in US…. He wishes to pay me in US Dollars through PayPal…. So is it safe to link my Bank Account to PayPal? Also i have account in Bank of India BOIso does PayPal supports Bank of India?

Or any hidden charges or any s k forex india pvt ltd fee i have to pay in future? February 7, at 3: I am an Indian, for how many days can I keep money in my paypal account? Do I need to withdraw it as soon as I get it in my paypal account? February 20, at I am from India and earning income only from Fiverr.

What purpose code would apply to me? February 21, at 7: March 3, at March 7, at 8: I have an NRE account with ICICI. Is it possible for me www karachi stock exchange summary com transfer funds from paypal to NRE account? I know we can withdraw to a regular bank account. But, since NRE account allows deposits of funds in currencies other than INR I would like to know if it can be done through paypal.

March 16, at Do i have to do something in paypal or it will be automatically do it? March 16, at 3: March 23, at 3: March 30, at 5: April 30, at 9: May 4, at June 3, at 6: Hi, I want to open PayPal account, but i heard that within 7 days we have to withdraw money to bank account and we have auto withdraw option also.

Does Paypal charge anything for auto withdrawal and for how many auto withdrawal happen. And i also want to know about Business account also. Can anyone had the info please clarify me. June 4, at 3: June 29, at 3: July 22, at Hello Sir, Thanks trading 212 forex apk your valuable information.

Sir can I withdraw money from paypal to my bank account. July top rated forex robots, at 1: August 14, at 8: August 28, at 9: I have my bank account, PAN and purpose code Other Information services in my profile. October 13, at 1: October 30, at 1: December 16, at 6: January 26, at I am holding Indian Bank saving account and I have not received the small deposits from PayPal either.

I have not linked my debit card will it affect my account if yes I am holding Maestro card for which there is no option to link. February 2, at 3: February 17, at 1: March 1, at Or From PayPal should I buy in India.

I have not any credit card or etc. If I have bank should it will give in indian currency March 6, at 2: Hi Rajendran, I am looking to know if i can create an online business using my NRE account and the transactions come in as dollars…. Or will the money have to be converted into rupees and i am unable to repatriate the amount?

December 4, at 6: January 23, at 5: January 26, at 8: Sir, I have an Andhra bank account and debit card…too. Is it possible to withdraw Mny if I link my Andhra bank debit card to PayPal account??? Plz help me in solving my pblm…. February 13, at 7: February 23, at 9: All the memebers earn many rupees through internet ,there how to manage your bank account????

April 7, at 9: I have created a pp account and waiting for verification linked my ICICI bank account.

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But my name on the bank card has an initial but the name on the pan card does not have initial which I noticed recently. Will there be problem during pp verification. June 19, 2 days ago at 8: Your email address will not be published.

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Comments Jessy says August 22, at Rajendran sir, you are helpful as usual. Now, the new rules states that Indian users will have to withdraw their money every 7 days. I just tried that and got to know. Vasu You cant as RBI guidelines are strict here. Hello, Can I send UK pounds from my Paypal account in India? If you are from India then you can send money to anyone across the world instantly. You cannot transfer funds between two Indian Paypal accounts it is RBI regulation.

Dear Sir, Please suggest how I can add funds to my Paypal Account? You need a credit card to be linked with paypal. I am in india and doing viewing adds work on internet ptc sites. For viewing and clicking these adds they add some dollars in my account. So now in paypal account what purpose code should i use?

When you are mozetizing your content then the right choice should be Content and Journalism. Hello Rajandran sir, You gave superb information on paypal. During withdrawal paypal will let you know the estimation after conversion. Hello Sir, Can you tell me the purpose code for online data entry work.

Please advise urgently as what I should do to get the money. Hi, If you have a dubai bank account probably you can map your paypal with Bank account and withdraw the money to your Bank account. Hello Rajendra Sir, on my Paypal account page there is a withdraw to option only for US bank and the second option is Visa credit card.

I dont know what I should do. Is it possible to transfer the paypal fund to your friends account and to withdraw it? Hi Rajandran, I have small home business. Thanks in advance swati. Hello Alll I am a freelancer and working on odesk. I think many people will have this simple but common doubt If I have a balance of 10 usd in my Indian paypal account. Rajandran is doing very good job, giving detail information about paypal things.

Dear Sir, Please advise what purpose code shall I give in my PAYPAL account. Yes you can make the purpose code as freelancer. Still paypal take some commisions for forex transaction charges.

Hello, I have a verified PP account. Hello Rajandran, First of all Wish you Happy New Year!! Just have couple of doubts regarding opening paypal account in INDIA. Hello Dear Rajandran R. Happy New Year Dear Onewe just created a websitewhere user can transfer fund to other for just help by emailcan we integrate PayPal for this purpose, this website have more then million user, plz guide me if we integrate PayPal then fund transfer to Indian PayPal account Can withdraw to Bank Account, it is fund raising Portal.

Respected Sir, I am doing Online Data Entry Job and my Employer is situated in US…. Hello Sir, I am from India and earning income only from Fiverr. Hello, Thank you for the valuable information provided.

The withdrawal will happen automatically! Respected sir No words, i can simply say thanks for the valuable info contained in ur post. You cannot withdraw anything without a pan card. I answer surveys so what should be my purpose code. So will that be withdrawal automatically happen within 7 days? Has anyone used Auction Essistance for verified PayPal accounts? Dear Rajendran Sir, I have created a pp account and waiting for verification linked my ICICI bank account.

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