{"id":9145,"date":"2010-03-11T13:31:02","date_gmt":"2010-03-11T13:31:02","guid":{"rendered":"https:\/\/www.amitbhawani.com\/blog\/?p=9145"},"modified":"2010-03-11T13:31:02","modified_gmt":"2010-03-11T13:31:02","slug":"rbi-paypal-pan-card-rules","status":"publish","type":"post","link":"https:\/\/www.amitbhawani.com\/blog\/rbi-paypal-pan-card-rules\/","title":{"rendered":"Add Pan Card to Paypal Accounts – RBI Guidelines on Transactions"},"content":{"rendered":"

\"Pan<\/a>Paypal has been in a lot of news buzz in the recent few months and this is because of the Funds Withdrawal Issues<\/a>, Credit Card Withdrawal<\/a> option & other similar issues which is the reason many Freelancers & Small\/Medium Business owners are affected and are also signing up with different Paypal Alternatives<\/a>. As per the Indian Banking Guidelines, whenever you perform a deposit of more than 50000Rs in your Nationalized Bank Account, then RBI is notified about the same and at the end of the Financial Year you need to report all these transactions and pay the Income Taxes<\/a> for the same.<\/p>\n

If you login to your Paypal Account today, you will find a new screen which would ask you to Enter your Pan Card Number along with a Contact Mobile Phone Number. You can read our previous article on How to Get a Pan Card in India<\/a> which is quite easy task and costs just 60Rs along with a wait of around 30days after filling the Form 49A Online or at UTI Offices.<\/p>\n

\"Paypal<\/a><\/p>\n

Once you have added the required details you will get access to your Paypal account. Also you can skip this option of entering the financial details by clicking on the Paypal Logo. Please Note that even if you don’t enter the PAN Card details the RBI has always access to all your Bank Transactions because in most cases Account Holders give their PAN Card Details which signing up for a Bank Account.<\/p>\n","protected":false},"excerpt":{"rendered":"

Paypal has been in a lot of news buzz in the recent few months and this is because of the Funds Withdrawal Issues, Credit Card Withdrawal option & other similar issues which is the reason many Freelancers & Small\/Medium Business owners are affected and are also signing up with different Paypal Alternatives. As per the […]<\/p>\n","protected":false},"author":1,"featured_media":19679,"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":[671],"tags":[],"class_list":{"0":"post-9145","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech-news","8":"entry"},"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/12\/Pan-Card-India1.jpg?fit=315%2C213&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":21092,"url":"https:\/\/www.amitbhawani.com\/blog\/paypal-restrictions-indian-march-2011\/","url_meta":{"origin":9145,"position":0},"title":"Paypal Restrictions for Indians from March 2011 – RBI Issue","author":"Yogesh Patel","date":"February 8, 2011","format":false,"excerpt":"For many blogger\u2019s and Freelancer PayPal have been an amazing helping hand to them to make their payment, funds transfer to Indian Banks, receive payment online, send funds to friends, payment of due bills and lot more activities. PayPal especially in India has a bigger name as many of people\u2026","rel":"","context":"In "Tech News"","block_context":{"text":"Tech News","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tech-news\/"},"img":{"alt_text":"Paypal","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/12\/Paypal.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":21112,"url":"https:\/\/www.amitbhawani.com\/blog\/paypal-alternatives-indians\/","url_meta":{"origin":9145,"position":1},"title":"Best PayPal Alternatives for Indians","author":"Neal","date":"February 9, 2011","format":false,"excerpt":"With so many restrictions of using PayPal, now it\u2019s evident that everyone will look for other similar options available in the market for our online fund transactions. Be it a blogger or an freelancer, till now they were well versed with PayPal, but from now you need to adapt with\u2026","rel":"","context":"In "Tech News"","block_context":{"text":"Tech News","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tech-news\/"},"img":{"alt_text":"PayPal alternatives","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2011\/02\/PayPal-alternatives.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":117,"url":"https:\/\/www.amitbhawani.com\/blog\/paypal-increases-monthly-withdrawal-limits-to-20000\/","url_meta":{"origin":9145,"position":2},"title":"Paypal Increases Monthly Withdrawal Limits to 20000$","author":"Amit Bhawani","date":"October 27, 2007","format":false,"excerpt":"Just checked my paypal account and found that paypal has increased the monthly withdrawal limits for everyone. Previously the limits were just 2500USD\/month but now its increased to 20000USD\/month may be because of some RBI notifications. Also the paypal withdrawal to credit card funds is working sucessfully now, make sure\u2026","rel":"","context":"In "Tips & Tweaks"","block_context":{"text":"Tips & Tweaks","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tips-tweaks\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107,"url":"https:\/\/www.amitbhawani.com\/blog\/paypal-withdraw-funds-to-card-works\/","url_meta":{"origin":9145,"position":3},"title":"Paypal Withdraw Funds to Card Works","author":"Amit Bhawani","date":"October 20, 2007","format":false,"excerpt":"Paypal Withdraw Funds to Card Works : Finally my transaction of withdrawal my paypal funds to my credit card worked, and i just got a estatement of all my transactions which shows that my credit card has been credited 500$ which i tried to test out this new paypal service.\u2026","rel":"","context":"In "Tips & Tweaks"","block_context":{"text":"Tips & Tweaks","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tips-tweaks\/"},"img":{"alt_text":"Paypal Credit Card Withdrawal","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/Images\/P\/paypal-credit-card-withdrawal.JPG?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8823,"url":"https:\/\/www.amitbhawani.com\/blog\/paypal-to-xoom-funds-withdrawal-not-allowed\/","url_meta":{"origin":9145,"position":4},"title":"Paypal to Xoom Funds Withdrawal Not Allowed","author":"Amit Bhawani","date":"February 26, 2010","format":false,"excerpt":"We just received a email from Xoom, which says that they don't accept Paypal as a funding source for transfers of money. This means that the Paypal Alternative cannot be used now for withdrawing your Paypal money to your Bank Accounts. Here is the email copy. We apologize for any\u2026","rel":"","context":"In "Tech News"","block_context":{"text":"Tech News","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tech-news\/"},"img":{"alt_text":"xoom money transfer","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/02\/xoom-money-transfer.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8565,"url":"https:\/\/www.amitbhawani.com\/blog\/paypal-india-withdrawal-alternatives\/","url_meta":{"origin":9145,"position":5},"title":"Paypal India – Withdrawal Options Bank CC Check Xoom","author":"Amit Bhawani","date":"February 18, 2010","format":false,"excerpt":"As everyone of us is aware about the currently going Paypal Withdrawal Problem in India, there are very few options left out for us as a account holder and most of the freelancers and small business owners are facing problems towards withdrawing money and even receiving money. There have been\u2026","rel":"","context":"In "Tech News"","block_context":{"text":"Tech News","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tech-news\/"},"img":{"alt_text":"Paypal","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/02\/Paypal.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/posts\/9145","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=9145"}],"version-history":[{"count":0,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/posts\/9145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/media\/19679"}],"wp:attachment":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/media?parent=9145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/categories?post=9145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/tags?post=9145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}