paypal withdrawal to Indian overseas bank help
By narnia007
@narnia007 (1050)
India
November 11, 2010 1:00am CST
hi everyone
i want to withdraw money from paypal to my IOB bank account..
(1)is it necessary that i verify my debit or credit card to withdraw to my bank??(P.S...i dont want to lift my limits,just want to withdraw).
(2)if i withdraw giving my bank account information-will i be verfied by charging 1.95$ or something just like linking debit card???
(3)to lift off my limits-is my IOB insta cash international debit card appliacable now??..many users say IOB banks cant be linked...anyone linked it recently???
help me out guys...
2 people like this
3 responses
@dheerajlko (471)
• India
11 Nov 10
1)its is not necesssary to link to varify to request payments just add a bank account of ur iob follow the simple steps first is ur full bank account number second is ur net transver code which is printed on ur cheque book and then add the account
2)ya u will b charged 1.95$ worth of indian currency fro that and the same amount will b in ur account they dont charge u only varify
3)if ur bank branch is cbs then it will do fine
1 person likes this
@narnia007 (1050)
• India
11 Nov 10
thanks for your response dheerjlko.what is meant by cbs???
1 person likes this
@sauravmillion (929)
• India
11 Nov 10
If you have a verified account in PayPal.Then only you can do this.If you are not verified yet.Then PayPal will not allow you to withdraw.There will some charges while withdrawing.I don't know how much.But If you have more than Rs7000 in your PayPal account to withdraw.Then there will be no charges.Anything below Rs7000 withdrawn will be subjected to charges.Hope this information helps you.Have a nice day.
1 person likes this
@sanuanu (11235)
• India
11 Nov 10
I have withdrawn money from paypal four or five times. I am not using a verified account yet because myLot is the only source of my online income.
You just need to use a correct IFSC code and you would be able to withdraw money. Just take care that it charges Rs 50 if the withdrawal amount is less than Rs 7000.
