In this blog I just want to share my experience on with drawing the amount from my PayPal account to my SBI card. This is first time I am doing this kind of transaction.
About PayPal
If you are new to the term PayPal, PayPal is the leading online payment method maintained by the eBay. Those who are doing the online services and want to receive and send money from other countries, PayPal is the God’s gift. It is easy to send and receive money just using their website. For every transaction they will be charging you some fees. When it comes to the developing countries like India, the improvements on the PayPal features are very slow.
In India, we have more options as we can able to with draw money to our local bank account and credit card. The amount will be converted to our local currencies. Last week only first time I have used credit card with draw method. Just want to share the experience.
Time Taken for Creditting to your SBI Card
When you are with draw money to Credit Card, it is the two process involved. Once I done the transaction, I could see the details in my SBI card statement but the amount is not credited and it shows as .00m. I got confused and called to the SBI card support to clarify my doubt.
From their answer, I came to know that it may take upto 45 days for the conversion of USD to INR. But, when transferring to the bank, it happens within 5 days. I am not sure when it will be credited. I will update the post soon with more details.
April 11, 2009 at 3:15 am
Why did you even post this? You propose a scenario which is not yet realized. A lot of people are looking for answers to the ever-elusive Paypal issue with Debit Card verifications. How many hours I have spent reading pointless blogs like yours…too many
July 31, 2009 at 7:30 am
can i withdraw paypal account to sbi debit card plz rly i had 225$in paypal
August 15, 2012 at 1:44 pm
syam Says:
July 31, 2009 at 7:30 am
can i withdraw paypal account to sbi debit card plz rly i had 225$in paypal
who see pay pal is indian proseger aspordy becas i resev your money i was partner gov of india…….786,0000786532
July 31, 2009 at 10:17 pm
HI Syam,
Yes..you can do that.
Thanks,
Krishna
September 26, 2009 at 2:52 am
You are yet to update it!
November 30, 2009 at 11:13 am
Yet to update!
January 10, 2010 at 11:30 pm
For me, it took 4 days only.
January 11, 2010 at 11:35 pm
Yes..it is quite fast now.
January 29, 2010 at 2:35 pm
Hi Everyone,
I have a paypal account and I want to withdraw money from there to my SBI account.But I dont have any credit card.I saw in paypal that without having any credit card I can directly receive money from paypal to my bank account by giving some information.So I just want to know from some one having experience of this direct transfer of money from paypal to SBI account without using any credit card.
Waiting for your reply.
Regards
Amit
March 4, 2010 at 10:28 am
hey can u tell me the way to withdraw the money without the credit card…!
I have just started PTC business and making pretty good money every month,,,,!
So just wanna with draw the money in paypal to ma SBI ATM card…!
is there any way to get this done ,,,,any kind of help will be appreciated…LOL
October 8, 2010 at 11:55 am
I am not having money in my paypal account. How can i transfer my sbi indian rupees to pay pal account. Please mail @ rd.dcse@gmail.com
December 27, 2011 at 6:45 am
HI,
Now you can with draw your paypal balance to your bank account in 5 business days.
No need to get credit card or debit card verification.(Without this you can only with draw balance not purchasing any thing)
Hope it helped!