PayPal supports Indian Banks

  • Category: Business
  • Published on Sunday, 31 August 2008 13:42
  • Written by Ayan Debnath
  • Hits: 2236

PayPal has introduced its brand new support for Indian banks. You can withdraw money from your PayPal account to approved Indian bank accounts.

Currently, the banks participating with PayPal are State Bank of India, Bank of India, Canara Bank, Union Bank of India, HDFC Bank, ICICI Bank, ING VYSYA Bank, Axis(UTI) Bank, Standard Chartered Bank, HSBC and Citibank.

  • There is NO minimum withdrawal.
  • Un-verified PayPal members can withdraw only a maximum of $500 per month.
  • You will get money in Rupees (INR).
  • There is a fee of Rs.50/- for withdrawals LESS than Rs.7000/-.
  • There is NO withdrawal fee for withdrawals MORE than Rs. 7000/-.
  • It takes around 5 to 7 days for you to receive the money.

Setup Procedure

To withdraw money to your accounts in any of the banks listed above, you need to add the banks to your PayPal account first.

  1. Login to your PayPal account or create a new PayPal account if you don't have it yet.
  2. Click the 'Profile' subtab on the Account Overview page.

    PayPal Setup 1
  3. Click the 'Bank Accounts' link in the Financial Information column.
  4. Click Add.

    PayPal Setup 2
  5. Fill out the Add Bank Account form.
    What is IFSC Code ?

    The IFSC code is 11 digit long, where the first 4 are Alphabet and the last 7 digits are Numeric. It is generally written on your cheque leaf. The IFSC code is NOT the SWIFT or the MICR code. If you use your SWIFT or MICR code you will NOT get your payment.

    PayPal Setup 3
  6. Click 'Add Bank Account'.

    PayPal Setup 4
  7. You are now able to withdraw funds from your PayPal account to this bank account.

Verification Procedure

PayPal uses two types of verification methods. One can face any one of these or BOTH depending upon their relation with the bank you have chosen.

  1. POSTAL Method - PayPal sends you a postcard with verification code to conform your identity and address just like Google AdSense does.
  2. BANKING Method - PayPal deposits one or two very tiny amount (money) in the bank account you are using with your PayPal account. Now, you have to tell them what the amount is ?
    Don't worry, you won't have to return the money back.

I'm yet to check out this method of withdrawing cash. I’ll keep you posted.

This is a pretty cool step by PayPal. This means that more Indians can utilize the services of PayPal. It could become a great medium of transactions. Hopefully, they’ll introduce the PayPal Visa Credit Card in India soon. Enjoy!

Reference

GHz's major contribution: eVGA in India

  • Category: Business
  • Published on Sunday, 30 December 2007 13:42
  • Written by Nasirul Huq
  • Hits: 1485

GHz's 1st major achievement: eVGA in India

On the Anniversary of eVGA, we contacted eVGA about the future plans specially about Indian market. The reply came from Wolfram Tismer, Managing Director, European Operations, eVGA.
In the mail we also tried to draw attention about the amount of crazy demand about quailty graphics cards like eVGA in my friend's forum like erodov.com

 
The Reply:

Here is the content of alll ths df ibvdghi vsduiv asui vuisdgh viush vuisdh vuish vuis hvuish dvlosahdvuis hdvuih vuish dvuis vuisdh iu

   Wolfram Tismer

Wolfram Tismer
Managing Director
European Operations
eVGA

eVGA email

(Some contents have been removed for privacy)

Our Suggestions:

Indian market is dominated by Rashi Peripherals and Tirupati Enterprise. Prices by Rashi Peripherals are quite better but they lack reputation in 'after sell service'.
On the other hand, Tirupati Enterprise has much less product ranges, prices are on the higher-side, but their 'after-sell-service' is 9 out of 10.

So, when asked by eVGA about the reputation of Indian Distributors, we strongly suggested them to go with Tirupati Enterprise.
 

Now, we are very very happy to announce that Tirupati Enterprise is now become the official distributor of eVGA. Yes, eVGA is now officially here in India

Now, Indian market got the World's no.1 brand of Motherboards and Graphics card. Soon we will see eVGA products in every shop with very attractive prices. But, beside eVGA's quality, they also have an excellent service call Step-up-program. Through this owners can upgrade their eVGA products, specially graphics-card, to a higher model by paying the 'extra' within a certain time period.

We all keep our fingers crossed that beside good 'after-sell-service', we will also get 'Step-up-program' from Tirupati Enterprise.