PayPal allows direct withdrawal to Indian Bank Accounts
Good News for guys here in India who have always wondered how you could get your money stored in PayPal to your Indian Bank Accounts.
People who have been in micro trade or freelance developers will highly benefit. So start using this service to the fullest.
Banks to which you can withdraw?
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, Citibank are the participating banks.
How long does it take to reach in your bank account?
It takes 5-7 business days, but may take more time, depending on your bank’s policies.
How much does it cost?
For withdrawal amounts of more than 7,000 Rupees are free. For withdrawal amounts of less then 7,000 Rupees, there will be a fee of 50 Rupees.
More information of how to activate and other details available here.