Paypal has added a new feature for the Indian paypal users through which all Indians can withdraw their paypal money to their bank account and there is no minimum withdrawal limit. However there is nominal fees of Rs 50/- if you requesting less than Rs 7000/- while there’s no fees for withdrawal of more than Rs 7000/-
Until now the Indian paypal users either have to wait for their cheque or have to give 9.99$ fees to Xoom to get their paypal money. This is really a breather for the Indian users and this move from paypal is welcomed by everyone.
It may take 5-7 business days or more depending on your bank.
More information about Indian bank account withdrawal
You can also join the discussion at this Paypal Indian withdrawal DP thread
List of Paypal supported Indian Banks :
HDFC Bank, ICICI Bank, Axis Bank, HSBC, Citibank, State Bank Of India, Bank Of India, Canara Bank, Union Bank of India, ING VYSYA Bank, Standard Chartered Bank.
From my personal experience Paypal to Indian bank transfer takes 2-4 working days for the funds to visible in my bank account, it may however take longer if you request “paypal fund transfer” during weekend or during holidays.
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