Withdraw Money in Indian Bank Accounts Through PayPal: Service Resumed

 

Here is good news from PayPal. Now you can again Withdraw money to your Indian bank accounts just by couple of clicks.

Please note that sometimes back PayPal stop the withdrawal of money to Indian banks, because of Reserve bank of India objection.

Now on withdraw of money from PayPal you have to specify your nature of business code. and by using this code reserve bank can track your all money withdraw from PayPal. It means you have to pay extra money and you can not hide your income.

This new business code is called purpose code and this purpose code is different for each business type.

To get more information and details on this topic you can directly visit to PayPal blog: www.thepaypalblog.com

Source: PayPal Blog