Withdraw Paypal Money Directly To Indian Bank Account

1 November 2007 By Shashank

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.


  • Indian Bank Account( with same name as your paypal account will be preferred)
  • Indian Financial Service Code(IFSC no.)
  • Call your bank or check your cheque book for this code
  • Login to your paypal, add your bank and withdraw thats it

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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Blogging, Tech News 54 comments


Nirmal says:

I got the mail yesterday on adding the bank. I am yet to try it out. I have to get the bank code.

ram says:

Hey thanx for the info, i will withdraw money now. I have lot of money in paypal. 😀

sachin says:

i want to know do they pay unverified members via paypal to Indian bank or simply can we verify our a/c using bank detail rather than cc

Shashank says:

After you have tried don’t forget to tell us how smooth it goes..

Lots of money 😉 hmmm
Also to let you know Xoom has a Diwali offer in which there’s no fees in transfers above $700 so you can use xoom also for 2-3 days quick payment.
Also make sure that your bank doesn’t charge any additional fees.
Thanks for adding the IFSC code list.

This option is only available to verified members i think
For paypal verification you need the Credit card or Hdfc netsafe card .

naren says:

I was able to transfer money to my icici account,
just by adding my bank account I was able to do the transfer nothing else.

Devinder says:

not all Banks have IFSC Facility even Canara Bank also don’t have this Facility Thats y i dont able to transfer my money to my bank account 🙁 🙁

neelan says:

RBI’s PDF file for IFSC code is wrong.. i tried to transfer from paypal to HSBC.. In the RBI PDF, it says “HSBC01INDIA”, while using this my money bounced back with penalty charges… then i confirmed with customer, it is “HSBC0695002”. so please confirm with ur correspondence bank and do the transaction which is the safest way to avoid unwanted leiving charges.

I hope it would be very useful.


coolpintud says:

it is safe to give IFSC code to paypal site?

😐 😐 😐

Shashank says:


Yes it is perfectly safe to give Indian Financial service code to Paypal.

Rajilal says:

Its Great, I have received money from PayPal to my Axis Bank. it had take only 5 days to transfer.

Chandresh says:

Hey guys
1) Is there any way, other than putting your Credit Card details to verify your Pay Pal account. For payment gateway integration for specific company divisions, its very difficult to obtain a credit card number.
2) Also is it possible for a customer in Pay Pal to pay in Indian Rupees?

Shashank says:


Yes you can use HDFC netsafe VCC card to verify your paypal account. Also there are some people who sell VCC( virtual credit card) for verifying paypal but that is not recommended. HDFC netsafe is safe.

Nope, Indian Rupees has to converted to US dollars for transaction however if you wish to withdraw paypal money to Indian bank account they will be first converted into rupees before wire-transfer.

Chandresh says:

Thanks Shashank
My clients are based in India, so I don’t think Paypal is feasible fr me.

Thanks again fr the feedback

sona says:

hi can someone tell me whether it is possible to open a paypal account using only a Debit card or bank account? I do not have a credit card and i do not intend to get one. If it is not possible how can i start a paypal account wthout credit card???

Shashank says:


You can open a paypal account without debit card but it will be a limited one, there will be limitations in sending and receiving money. Account verification is necessary if you are receiving regular money via paypal.

Debit card and bank account can be used to verify account in US and some other countries, you cannot verify a Indian paypal account with debit card or bank account.

If you have a HDFC bank account, you can use HDFC netsafe VCC( virtual credit card) for verifying Indian paypal account or you can use VCC cards that sells for anything around 7$-20$ for paypal account verification but they are not recommended.

Kumar says:

How do we verify Paypal using NetSafe VCC?
Is it by simply adding the card number in the Paypal account?

Willn’t Paypal take some cash from the card and
give a ‘code number’ into the Card statement for
putting that number in the Paypal page?

Shashank says:

After you have created HDFC netsafe VCC simply add it to paypal…after that paypal will deduct $1.95 which will be credited back to your paypal account.

Now to complete the verification you will need a 4 digit verification expuse no., either you can wait for cc statement or call your bank customer care for the 4 digit code associated with $1.95 transfer or login to your hdfc netsafe control panel :

Go to “All account/services” then click on “TXN details”

there you have it “xxxxPAYPAL expuse” the first four digit before PAYPAL is the required number.

Enter that no. in Paypal and your account will be verified instantly.

Kumar says:

Hello Shashank,

Thank you for your valuable instructions.

Eventhough I was using NetSafe for last 1½ years,
I hadn’t noticed the tab ‘TXN details’.

One question.
Can we use NetSafe Card as an ‘anonymous card’ as
other VCC sellers say and use it with any Name &
Address for online purchases and for verifying other
Paypal, eBay & Adwords account?

Shashank says:

Yes, you can but i am not sure of it. If you are thinking of becoming a VCC seller then its not a good idea as VCC selling is illegal and netsafe card isn’t always work online for eg. Godaddy doesn’t accept netsafe VCC.

Kumar says:

Hello Shashank,

I asked this not for selling VCC.
It is for verifying other family members account.

I didn’t know that Godaddy don’t accept it.

I feel that NetSafe is not accepted in casinos.
It is always declined.

Shashank says:


i think you can verify your family members account using Netsafe, why don’t you just give it a try and let me know if it has worked for you or not, if the verification fails, the money will return to you anyway.

and about using Netsafe in casinos, have a look at the new “Paypal acceptable use policy” beginning 5 Nov 2008

You may not use the PayPal service for activities that:

“involve gambling, gaming and/or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, lottery tickets, other ventures that facilitate gambling, games of skill (whether or not it is legally defined as a lottery) and sweepstakes unless the operator has obtained prior approval from PayPal and the operator and customers are located exclusively in jurisdictions where such activities are permitted by law”

Kumar says:

and about using Netsafe in casinos, have a look at the new “Paypal acceptable use policy” beginning 5 Nov 2008

You may not use the PayPal service for activities that:

“involve gambling, gaming and/or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or —–

I had told about NetSafe using in casinos, not Paypal.
I know that Paypal has severe restrictions.

Shashank says:

Oops my mistake!
Never tried Netsafe in casinos…anything else you want to know?

Kumar says:

Is there any bank issuing Credit Cards after taking a deposit of Rs:10,000 or less and without any Income/Salary Documents?

(ICICI Bank gives CC with a deposit of 20,000/-)

Shashank says:

Well the bank needs some assurance that you will not go bankrupt in future :mrgreen: , anyways if you have a old savings account, means 6months-1 year old bank account and you have kept good regular balance then they will give you cc without Income/salary docs… in this case your minimum deposit will be the “banks min. deposit” which is Rs 5,000 for both HDFC and ICICI.
and if you do find a bank( i think you will not)which gives you cc against 10,000 FD, the spending limit of the cc will be badly affected. Try talking to the customer care of banks.

pratik says:

i sell vcc only $5

pratik says:

and my contact email id buy_vcc@yahoo.com i m always online.

Abhishek says:

Hi – A quick question. Has HDFC bank stopped accepting money from PayPal accounts?

Shashank says:

quick answer:
No they haven’t done anything like that, you can can get your paypal money to Indian HDFC bank account for sure.

Kumar says:

Yes, you can but i am not sure of it. If you are thinking of becoming a VCC seller then its not a good idea as VCC selling is illegal and netsafe card isn’t always work online for eg. Godaddy doesn’t accept netsafe VCC.

No. GoDaddy accepts VCC.

2 days back, I registered a .com domain with GoDaddy for $1.19 using Hdfc VCC.

Belmos says:

what about indian overseas bank, it support paypal transfers.

pralhad says:

sir should i receive money in my paypal account even if i m not verified

AMAR says:


chandresh says:

can i use corporation bank to transfer money from pay pal acc.

Nikks says:

Sir! I have two problems with paypal!

1) I withdrew my $400 from paypal to ICICI bank India on 29th Jan 2010; I didnt receive the money yet.

2) All my payments i receive for the service i provide to my foreign clients are reversed.

pl help me to solve these two problems

pl reply me on nik.singh31@gmail.com

Saumil says:

I have account in Indian Bank.Ahmedabad..

Now a days pay-pal changed all requirement in India,,

It’s too much bad..

I have withdraw some $$$ before 3 days..and now pay-pal reversed all money back to my pay-pal account..

Also cut my $64…stole mt money..Pay-pal is now too much bad for Indians..It created problem only in India.not all other countries..


Madhu says:

Dear Paypal Indian Users,



Amit says:

You people have another option to transfer money online.
See following link
Even freelancing site like getafreelancer also suggets to use this.

Shashank says:

Guys Plz refer to this post for the current paypal withdrawal problem in India

Recent issues with PayPal withdrawals to Indian Banks & more over payments just randomly being reversed back to the senders will have a deep impact on PayPal’s reputation. It raises so many questions like (THIS MIGHT CONTAIN SPOILERS):

A) Should we trust PayPal in future?

B) Are they really concerned about our Money?
ANS: ABSOLUTELY NO, After a long period of two weeks we receive an apology letter stating that “We are sorry we goofed up opps!”? and stuff like “Your money just got sacked since this is nothing serious to us we are just doing a drill of playing a game with your hard earned money”?

C) Is RBI responsible for this?
ANS: UNQUESTIONABLY MAYBE, So, Question is why this is happening in India and nowhere else? Question is why we are being kept behind curtains and dark? Question is why Moneybookers and other Payment systems are working but PayPal is not? you just want to exclude the RBI out of this since they are least concerned with us. Everyone failed here! RBI off course you cant expect them to give you a comforting truth so a comforting lie should suffice you! And PayPal Ow man no shit a multinational company failing to inform and notify of an issue of this magnitude. That was an AWESOME combination of pure frustrating, destroying trust & spreading chaos.

D) So what does PayPal tell us now?
ANS: “We are sorry, but your valuable to us so please give us another opportunity to goof up and play some more engaging games with your money” and “We just love to make more profits by giving you a pathetic exchange rate”

D) What now?
ANS: DTA (Don’t Trust Anyone) Get your sleeves up against them and find your own ways to get paid over any other medium that serves better, communicates better and keep them in plenty. If one fails other should work out.

Ive let all my clients know about this issue and advised them (in advance unlike PayPal) to switch over to some other Payment system which is reliable, responsible and does the main thing “ACTION” at PAR. The truth will probably be dead and berried RIP about what happened because the shame and disgust they bring upon themselves is apocalyptic now.

Computricks says:

I added my debit card (UBI bank) to paypal account. Shall i add CUB bank account to paypal?

khan says:


thank you very much…………..

Shashank says:

PayPal problem solved
refer this post for purpose code

you can use any Indian bank as you wish.

you are welcome

chetan says:

hi, i am salary account holder(hdfc bank) so can i transfer paypal money into my account?

Shashank says:

yes you can withdraw

chetan says:

@Shashank , thank you 🙂

Shreyas says:

hi guys i need help for adding funds to my paypal account , i have money in cash nd in my bank account also but i m not able to transfer it to my paypal account , i need to make payment for an item using paypal , i can go nd deposit money in ur bank account or meet u nd giv u cash but den u hav 2 send me money in my paypal, pls help me guys

Shreyas says:

i just need around 10 dollars or if u hav money in ur paypal den u can send me 20 dollars also , il pay u d amount just send me d amount in my paypal , its very urgent so pls rply fast

Amit says:

😆 Do we looking fool to you??? That we will send you money in paypal…
Very fool u shreyas..

Kaybee says:

Hello everyone…just a question…When I shop online, will paypal deduct the money directly from my SBI bank account? My SBI bank account has been verified and I have not yet given my credit card details as I don’t have any credit cards but SBI, IDBI and ICICI debit cards which I heard is not accepted by paypal.
Kindly reply as soon as possible as I have to do multiple shopping online for my sister’s marriage…
Thank you all in advance…

Shashank says:


Paypal will not deduct money from your SBI account, however if you have any credit card on file then it may deduct from it.

Abhishek says:

i am having bank account in icici and sbi. how can i verify my paypal account ? and i am not having credit card
i am having personal paypal account
Please tell me the safest method

Nik says:

@ABHISHEK Hey Abhishek its simple. Login to your paypal account, then go to below
My Account > Profile > Add/edit Bank account
Then add your bank account. You can easily use either of your bank accounts you have, though i use icici for this purpose to withdraw thousdands of $ and pounds. you can also use the same easily.

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