This is the best news today. At last, paypal added this option withdrawing paypal funds directly to banks in India.
This is closely followed after they announced the transfer of paypal funds directly to credit cards with a VISA logo on them.
Another heartening news is there is no fee involved if the transfer amount to bank exceeds Rs.7000.00 which is equivalent to USD178.00 as per today's exchange rate. If the amount withdrawn is less than Rs.7000.00, there will be a fee of Rs.50.00 only.
The usual period to see the funds in our will be 5 to 7 days.
Thank you very much Paypal.
The following banks are approved by paypal.
State Bank of India , Bank of India, Canara Bank, Union Bank of India, HDFC Bank, ICICI Bank, ING VYSYA Bank, UTI Bank, Standard Chartered Bank, HSBC and Citibank.
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