It’s the time which all Indian Paypal users were waiting for as Paypal resumed the bank withdrawal service in India. As expected it started around 3rd March. Now you need to select purpose for bank withdrawal .
You can read a detailed post on Purpose code written by Rahul Bansal of Devils’ Workshop. Paypal purpose code for Indian bloggers /freelancers.
I’m sure this will come as one happy news for all Indian bloggers and freelancers. Do share your joy with us.
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I withdrew my Adbrite balance, and it took some 10-12 days for delivery and 27 days for clearance. It was for just $8.80 though.
The purpose code is no any value for the case of withdraw money to bank account. Well afterall all India blogger and freelancer get rid of this problem.
Sourish,
It does not take that much time to clear. I have withdrawn through cheque from paypal. it taken 15 days for delivery at my address and it got clearance within 7 days time.
Thanks for your input Mahendra. Even I have never used Check facility till the date, and as they have resumed bank withdrawal I don’t think I will need it in near future.
If I choose to withdraw a cheque , will I need to enter the EIC codes ? has anyone tried the cheque transfer ?
Why you want a cheque dude , foreign cheques require almost 2 month for clearance
Really its a very happy moment for all fellow bloggers.
Thanks for updating over here.
Thanks for your comment Khalid. Do let us know how much you withdraw this time ?? 🙂
Thanks harsha will check that link.
Well I am not sure, what this additional required information will serve any useful purpose of RBI ? because you can use any field you wish so. RBI or any other Indian government agency have no capacity to keep a watch or serve its purpose from such insufficient information which they are asking ?