Will I be able to receive money to my paypal account if I don't have a PAN card?

India
October 12, 2011 9:45pm CST
Earlier it said that i cant withdraw money from paypal if i dont have a pan card.Recently i read somewhere that you can't even receive payment to it if you dont have a PAN card?
2 people like this
3 responses
@Sreekala (18781)
• India
14 Oct 11
Hello ravi, Paypal make the new rules according to the RBI guidelines and asking to fulfill the details of PAN Card, Purpose Code. We have to add a bank to the paypal so that paypal will transfer the money to bank without any manual process. Earlier there were no restrictions and I used to get money into Pyapal and withdraw money without my PAN card. Now it is compulsory and I have added the PAN card details. It is easy to get the PAN card so apply today itself. Please make sure that when you apply for the PAN card the name should be similar in your paypal account and PAN card.
• India
14 Oct 11
oh ok thanks for the info. I am going to get the pan card soon.
1 person likes this
@Sreekala (18781)
• India
15 Oct 11
Good and go ahead.
1 person likes this
• India
19 Nov 12
Dear sweet friend Nice information provided here and thanks for it because I not know the rule of RBI. Recently I heard automatic transfer the money from paypal to bank account is also a RBI rule.
• India
13 Oct 11
Ravi, you can not get money if you dont have PAN card because its paypal and Rbi guidelines .
1 person likes this
• India
13 Oct 11
yeah i figured, i need to get one soon
• India
19 Nov 12
ya its true this is the new rule introduced paypal recently.