please tell me what is purpose code in paypal (indian)

India
January 29, 2012 12:06am CST
i am from india please tell me what is purpose code in paypal and how much time did paypal withdrawal takes in india to a bank account. please help
4 responses
• India
29 Jan 12
sorry pal but I didn't understood what is it purpose code in paypal. I withdrawal 3-4 times.
• India
29 Jan 12
indian ? please reply
• India
29 Jan 12
I'm an Indian I not saw any code in Indian bank.
• India
29 Jan 12
what do you selected? and how much days withdrawal takes.
29 Jan 12
Oh its very easy to understand. Purpose code is designed by paypal for security reasons. They want to perform all money transactions in a legal way. Before starting transactions through your Paypal, you have to enter the purpose code which will be sent to your bank account. There are several reasons listed by Paypal for what purpose you want perform the particular transaction. Consider an example if you want to perform a transaction with the purpose of gambling or other illegal way, your transaction will be denied neither by Paypal nor by your bank otherwise the payment status shown as completed. After the payment status is declared as completed, you will receive your withdrawn money into your bank account within 2-3 days.
• India
29 Jan 12
thank you friend :)
@aman1981 (793)
• India
29 Jan 12
I have withdrawn from paypal to my sbi account so many times and the transaction take around 4 to 5 day to complete, but main loss is every time paypal deducted 3% fees from your earning.
@sajeevking (5073)
• Mumbai, India
29 Jan 12
https://www.paypal.com/in/cgi-bin/webscr?cmd=xpt/Marketing/popup/PurposeGroup_IN-outside i have kept content and Journalism and in that freelance Journalism choose what your source of income online from the above link
• India
29 Jan 12
tell me how much time did withdrawal takes PLEASE