rbi

Tagged Discussions

RBI in India increased loan interest rates and in FDs

Anindita Sengupta @aninditasen (18198) • Raurkela, India 9 Aug 22

The Reserve Bank of India has increased interest rates both for loans and FDs. People having FDs in banks will be benefitted but it's not easy to save these days because of inflation and invest in fixed deposits. The banks in...

6 responses •

6 people

Pay Tm bank in India

k sridharprasad @yugasini (12892) • Secunderabad, India 4 May 16

Hi Mylot Friends, Digital payments site PayTm payment bank will starts banking services in August 2016. They got the permission to start a bank in India last August by Reserve Bank of India. After completing all other formalities...

Did RBI screw Paypal?

Balachandar Karuparthy @Tres_2b (46) • Mumbai, India 10 Aug 15

The Reserve Bank of India has not allowed the paypal customers in india to add money to their paypal wallet,Do you think this is appropriate?

6 responses •

3 people

BOND FUNDS NAV HAVE CRASHED! WHERE TO INVEST NOW?

goodfundadvisor @goodfundadvisor (671) • India 19 Jul 13

The Lay Investor will be shell shocked for sure. First his favorite, “Can never fall” Gold fell by 15% and next his “Can never ever fall” Bond/Liquid Funds Fell by a massive 4% in a single day. His definition of “safe”...

1 response •

1 person

i do not know why but what is stopping me from opening a Paypal account..

subhojit10 @subhojit10 (7375) • India 7 Oct 12

Yes guys u are right. Even if i have been working on this site since months but still i do not have a Paypal account using which i can withdraw my amount but every time i am planning to open one such account, some kind of fear and...

1 response

Is Mylot payout possible to unverified Paypal accounts? Need advice!

mohkanari @mohkanari (1957) • India 2 Sep 12

I am reaching to payout minimum of mylot. But my Paypal account is still in unverified status. Is mylot payout possible to unverified Paypal account? Help me with the latest procedure of mylot payout.

mylot payout

6 responses

vcc

MeMoneyAndLove @abhi_bangal (7679) • Ahmednagar, India 14 Oct 11

Could VCC - Virtual Credit Cards be an option of online payment for Indian users? As Paypal is not allowing such services anymore, can I use a VCC to send money online? I want to register a new domain name and that is why I want...

vcc

3 responses

Paypal auto transfer $1 to my bank account

prajnith @prajnith (941) • India 22 Sep 11

There were many discussions on Mylot regarding PayPal India and Rbi's new rule that PayPal India customers cant keep money in PayPal account and should be transferred to bank account within a week, but some people told that to...

paypal india

rbi

5 responses

feeded up with paypal and inidan RBI rules

kajal1992 @kajal1992 (354) • India 10 Jun 11

hi mylotters, the recent RBI rules over paypal is not suitable for people like me, i have a paypal account, i don't have credit card but i had verified account with my bank account, it was going fine i was able to save my money in...

paypal

rbi

2 responses

Had paypal changed the rule ?

stylewaves @stylewaves (1060) • India 9 May 11

Am from India , recently paypal issued a rule that every indian have to transfer their Paypal money to their bank accounts within 7 days from the day of receiving the amount . Else it will be vanished . But i have noted that i had...

What If yourGovernment would ask Online earners to declare their income and pay?

strawberrychocodahi @strawberrychocodahi (4817) • Philippines 30 Apr 11

I already have this on mind. Since some online earners are having an issue on getting their money transfered to their bank with the interference of their government just like in India. What if the next thing the government would...

income tax

paying taxes

paypal issue in india

rbi

33 responses •

8 people

Paypal RBI new rule for paypal India Users

prajnith @prajnith (941) • India 10 Mar 11

Hi, Most of paypal India users might already know about new Paypal and Rbi rule than we cant keep money in paypal for more than 7 days. I had contacted Paypal and i got the reply as below "All the fees will be waived in...

paypal

rbi

1 response

Restrictions imposed by Pay pal on Indian users.

DoctorDidi @DoctorDidi (7018) • India 28 Feb 11

From some recent discussions in mylot, I have come to know that Pay pal has imposed some restrictions on Indian users. It is not clear whether Pay Pal has laid down them from its own or it is the effect of imposition of some new...

4 responses

Why is PayPal so unkind ?

kirtricks @kirtricks (650) • India 1 Feb 11

Why is PayPal so unkind to the Indian users why are they denying our facilities last year they came with the policy of attesting pan card now they are saying we cannot use the money for online purposes. and then saying we...

3 responses

Why Paypal changed things for Indians? An ex-RBI employee gives some facts!

Wismay @Wismay (2037) • India 29 Jan 11

PayPal is not telling the complete truth about the changes they are going to make for Indian Paypal users from March 2011. Here are some reasons given by an ex-RBI employee: [b]First of, let us take a look at why PayPal...

paypal

policy changes

rbi

5 responses •

1 person

Mylot users in India are being "Squeezed Out" (booo!) :-(

LetranKnight25 @LetranKnight25 (33117) • Philippines 29 Jan 11

Of their MONEY and the Freedom to what to used of it. Not to mention they are mostly being forced to withdraw within a week. As If their Government is loosing a lot of money to debt that they even hooked up to...

squeezing little earnings

too much squeezing thing

16 responses •

4 people

PAYPAL Changes its policy for Indians AGAIN wef 1 March 2011:(

theSids @thesids (22180) • Bhubaneswar, India 28 Jan 11

Hi friends, I got an email this morning from paypal and here is a part of it - 1. Any balance in and all future payments into your PayPal account may not be used to buy goods or services and must be transferred to your bank...

paypal

policy

23 responses •

1 person

Upcoming changes to Paypal is not good for Indian user.

few00cent @few00cent (2183) • India 28 Jan 11

Did you read the new upcoming changes of Paypal ?...well,From 1st March 2011 Indian user won't be able to pay for services or good using their account balance and all fund should be transferred to Bank account in India within 7...

indian cannot send money using paypal

payapl blocked

paypal india

paypal new agreement for india

rbi

upcoming changes in paypal

4 responses

How paypal cheque processed in India??

mkannanm @mkannanm (582) • India 27 Feb 10

Hi, Every indian's know the problem with paypal withdrawal through wire transfer to Indian bank. Currently it is suspended due to RBI regulations. But paypal still allows to withdraw by cheque. How it will be accepted by RBI? I...

paypal

rbi

Paypal back for Indians...personal acc. still suspended...exporters gets benefit

chdsandeep @chdsandeep (397) • India 26 Feb 10

I just got an email from Paypal in which they have mentioned that RBI have allowed them to make transaction for the local banks in India. Now Paypal is more powerful for the exporters and for people who are using services for...

hope to be back soon

open for exporters

paypal back to india

personal account still suspended

rbi

1 response