{"id":130,"date":"2007-10-30T13:46:55","date_gmt":"2007-10-30T13:46:55","guid":{"rendered":"https:\/\/www.amitbhawani.com\/blog\/paypal-offers-withdraw-funds-directly-into-indian-banks\/"},"modified":"2009-03-05T14:38:42","modified_gmt":"2009-03-05T14:38:42","slug":"paypal-offers-withdraw-funds-directly-into-indian-banks","status":"publish","type":"post","link":"https:\/\/www.amitbhawani.com\/blog\/paypal-offers-withdraw-funds-directly-into-indian-banks\/","title":{"rendered":"Paypal offers Withdraw Funds directly into Indian Banks"},"content":{"rendered":"<p>Paypal just offered another excellent feature to become a leading payment processor in india by adding directly funds withdrawal option in indian banks which previously was just limited to US banks. Currently only 2 countries ie US and India are allowed to use this feature as far as i know from the withdrawal page of paypal.<\/p>\n<p>I didnt expect them to launch this service nearby soon which is the reason i already withdraw around 16k$ this month from paypal via secure check service which was their older service and i can expect that check to come via post at my place by next month end \ud83d\ude41 , and this new service credits the funds in most reputed private banks within 5-7 business days which saves every paypal user&#8217;s time.<\/p>\n<p><a title=\"Withdraw Funds into Indian Banks\" href=\"https:\/\/i0.wp.com\/www.amitbhawani.com\/Images\/W\/withdraw-paypal-indian-banks.jpg\" target=\"_blank\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.amitbhawani.com\/Images\/W\/withdraw-paypal-indian-banks.jpg?resize=548%2C218\" alt=\"Withdraw Funds Paypal Indian Banks\" width=\"548\" height=\"218\" \/><\/a><\/p>\n<p>The service costs the following to paypal users :<br \/>\nFree &gt;for 7,000.00 INR or more<br \/>\n50.00 INR &gt; for 6,999.99 INR or less [Approx 1.4USD Fees]<\/p>\n<p>To get started using this feature you need to first <a href=\"https:\/\/www.paypal.com\/row\/cgi-bin\/webscr?cmd=_withdraw-funds-bank&amp;source=\">Add your bank account<\/a> to your paypal account, which needs the following information :<\/p>\n<blockquote><p>The safety and security of your bank account information is protected by PayPal. We will never reveal your financial information, and PayPal will notify you by email whenever you initiate a transaction with this bank account.<\/p>\n<p>Your bank account in India must be able to receive payments in India Rupees.<\/p>\n<p>Please enter your name exactly as it appears on your bank account. If the names do not match, your payment will be returned and a return fee will be charged.<\/p><\/blockquote>\n<p>Country: <strong>INDIA<\/strong><br \/>\nBank name: <strong>Select your Bank Name from the Drop Down List<\/strong><br \/>\nIFSC: <strong>Read the posts end to understand IFSC<\/strong> Source for Codes List<br \/>\nExample: ALLA0123456<br \/>\nAccount number: <strong>Your Banks Account Number<\/strong><br \/>\nRe-enter account number: <strong>Your Banks Account Number<\/strong><\/p>\n<p><strong>Indian Financial System Code (IFSC)<\/strong> : The Indian Financial System Code (IFSC) is an alpha-numeric code designed to uniquely identify bank branches in India. This is an 11 -digit code with the first four characters representing the bank code, the next character is a control character, and the last 6 characters identify the branch.<\/p>\n<p>The Reserve Bank of India publishes the IFSC and MICR codes, but only IFSC codes should be used. Please contact your bank in India for this code.<\/p>\n<p>Once you fill all the options you need to review and complete the transaction and you are done.<br \/>\n<a title=\"Review Bank Account\" href=\"https:\/\/i0.wp.com\/www.amitbhawani.com\/Images\/R\/review-bank-account.jpg\" target=\"_blank\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.amitbhawani.com\/Images\/R\/review-bank-account.jpg?resize=544%2C154\" alt=\"Review Bank Account\" width=\"544\" height=\"154\" \/><\/a><\/p>\n<p>Also dont forget to read other excellent features which were launched recently :<br \/>\n<a href=\"https:\/\/www.amitbhawani.com\/blog\/paypal-increases-monthly-withdrawal-limits-to-20000\/\">Paypal Increases Monthly Withdrawal Limits to 20000$<\/a><br \/>\n<a href=\"https:\/\/www.amitbhawani.com\/blog\/withdraw-funds-to-your-visa-card-paypals-new-feature\/\">Withdraw Funds to Your Visa Card PayPals New Feature<\/a><br \/>\n<a href=\"https:\/\/www.amitbhawani.com\/blog\/paypal-withdraw-funds-to-card-works\/\">Paypal Withdraw Funds to Card Works<\/a><\/p>\n<p>Dont forget to let everyone know about your personal experience with these new features!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paypal just offered another excellent feature to become a leading payment processor in india by adding directly funds withdrawal option in indian banks which previously was just limited to US banks. Currently only 2 countries ie US and India are allowed to use this feature as far as i know from the withdrawal page of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[665],"tags":[],"class_list":{"0":"post-130","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tips-tweaks","8":"entry"},"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/12\/withdraw-paypal-indian-banks.jpg?fit=739%2C294&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":78,"url":"https:\/\/www.amitbhawani.com\/blog\/withdraw-funds-to-your-visa-card-paypals-new-feature\/","url_meta":{"origin":130,"position":0},"title":"Withdraw Funds to Your Visa Card PayPals New Feature","author":"Amit Bhawani","date":"October 4, 2007","format":false,"excerpt":"Paypal recently announced a excellent feature from their side which was really helpful because this time this feature supported countries like india, where in you can withdraw funds directly from paypal to your Visa\/Master Card Debit or Credit cards in 26 countries all over the world including Malaysia, India, Indonesia\u2026","rel":"","context":"In &quot;Tips &amp; Tweaks&quot;","block_context":{"text":"Tips &amp; Tweaks","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tips-tweaks\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":691,"url":"https:\/\/www.amitbhawani.com\/blog\/how-paypal-withdrawal-to-credit-card-feature-works\/","url_meta":{"origin":130,"position":1},"title":"How Paypal Withdrawal to Credit Card Feature Works","author":"Amit Bhawani","date":"July 6, 2008","format":false,"excerpt":"Paypal is offering multiple funds withdrawal options for Indians out of which one is Funds to Card option where in a paypal user can withdraw his funds directly to his credit card using which he has registered and confirmed his account or any credit card which he adds in his\u2026","rel":"","context":"In &quot;Tips &amp; Tweaks&quot;","block_context":{"text":"Tips &amp; Tweaks","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tips-tweaks\/"},"img":{"alt_text":"ICICI Credit Card Bank Statement","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/Images\/I\/ICICI-Credit-Card-Statement.PNG?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3841,"url":"https:\/\/www.amitbhawani.com\/blog\/convert-paypal-usd-to-inr-withdraw\/","url_meta":{"origin":130,"position":2},"title":"Convert Paypal USD to INR &#038; Withdraw Money","author":"Amit Bhawani","date":"April 25, 2009","format":false,"excerpt":"Hi Amit , i have money in Paypal inform of $(dollar), and i want to transfer that money in my bank account so what i have to do? How can i convert USD$ into Indian Rs? - Mohan In order to answer this question first of all you need to\u2026","rel":"","context":"In &quot;Tips &amp; Tweaks&quot;","block_context":{"text":"Tips &amp; Tweaks","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tips-tweaks\/"},"img":{"alt_text":"Paypal Currency Conversion","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/Images\/P\/Paypal-Currency-Conversion.PNG?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2947,"url":"https:\/\/www.amitbhawani.com\/blog\/paypal-withdraw-funds-bank\/","url_meta":{"origin":130,"position":3},"title":"Tutorial to Withdraw Funds to Bank Account from Paypal","author":"Amit Bhawani","date":"January 8, 2009","format":false,"excerpt":"To withdraw funds from your paypal account to a bank account, you need to give all your Bank details along with IFSC Code and Account number. Before you start doing this you need to have the following information with you. 1. Your Bank Account Name 2. Your Bank Account Number\u2026","rel":"","context":"In &quot;Tips &amp; Tweaks&quot;","block_context":{"text":"Tips &amp; Tweaks","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tips-tweaks\/"},"img":{"alt_text":"Paypal Withdraw Bank India Funds","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/Images\/P\/Paypal-Bank-India.PNG?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3518,"url":"https:\/\/www.amitbhawani.com\/blog\/paypal-alternative-withdrawal\/","url_meta":{"origin":130,"position":4},"title":"Paypal Withdrawal Delay? Best Alternative is Here","author":"Amit Bhawani","date":"March 6, 2009","format":false,"excerpt":"Iam sure most of you are having Paypal withdrawal problems who did recent funds withdrawals to their bank accounts because of some internal problems at Paypal.com which is not yet disclosed and the website shows that the transaction is completed. If you are looking for a better alternative to withdraw\u2026","rel":"","context":"In &quot;Tips &amp; Tweaks&quot;","block_context":{"text":"Tips &amp; Tweaks","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tips-tweaks\/"},"img":{"alt_text":"Online Money Transfer Paypal Xoom","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/Images\/O\/Online-Money-Transfer.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3869,"url":"https:\/\/www.amitbhawani.com\/blog\/ifsc-code-banks\/","url_meta":{"origin":130,"position":5},"title":"Indian Banks IFSC Codes List for Paypal NEFT","author":"Amit Bhawani","date":"April 27, 2009","format":false,"excerpt":"Most Indian Paypal users are in search for the IFSC Codes which is required when they are trying to Withdraw funds to their Bank Accounts. Paypal uses the National Electronic Funds Transfer (NEFT) system for Funds Transfer, which is the reason you need to Enter the correct IFSC code of\u2026","rel":"","context":"In &quot;Tips &amp; Tweaks&quot;","block_context":{"text":"Tips &amp; Tweaks","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tips-tweaks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/12\/review-bank-account.jpg?fit=773%2C219&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/12\/review-bank-account.jpg?fit=773%2C219&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/12\/review-bank-account.jpg?fit=773%2C219&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/12\/review-bank-account.jpg?fit=773%2C219&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/posts\/130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/comments?post=130"}],"version-history":[{"count":0,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/posts\/130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/media\/17960"}],"wp:attachment":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/media?parent=130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/categories?post=130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/tags?post=130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}