All you want to Know about PayPal Auto withdrawal option for Indian PayPal Users???

PayPal has now provided Make Auto Withdrawal feature to their Indian users since they are no more allowed to keep any money within their account. It’s become mandatory to transfer any PayPal money to their respective bank account immediately.

Auto withdrawal is the process of automatically transferring your funds from your PayPal account into your bank account in India.

FAQ Related to Auto Withdrawal option:




Where will my funds be auto withdrawn to?
 Your PayPal balance will be auto withdrawn to your bank account in India. If you have one bank account added to your PayPal account, it will be set as your auto withdrawal account. In case you have more than one bank account added to your PayPal account, you will have an option to set your auto withdrawal account.

Why are my funds being auto withdrawn?
 This is an Indian regulatory requirement and applies to all PayPal users in India.

When does auto withdrawal happen?
Your PayPal balance is auto withdrawn to your local bank account in India daily. You can check your bank account within 5-7 working days after your funds have been auto withdrawn from your PayPal account.

Can I withdraw my funds?
 You can also withdraw your funds. Here's how:
Log in to your PayPal account and click Withdraw at the top of the page.
Select the bank account you want to use.
Enter the amount and click Continue.
Select your purpose code for withdrawals.
Make sure that your information is correct and click Continue.

Can I use my PayPal balance?
 When you receive payments and it is available as balance in your PayPal account, you must withdraw your funds or let withdrawals happen automatically. In accordance with Indian regulations, you can’t make purchases or send payments with your PayPal balance. Please use your card linked to your PayPal account to make purchases or send payments. 


When does auto withdrawal happen?

The transfer of funds to the bank account happens daily, and you get the amount to your selected bank account after 5-7 days and you can check that regularly if you are getting the payments daily to your Paypal account.

Where will my funds be auto withdrawn to?

If you have set a bank account for your Paypal account, then it would become the Auto Withdrawal account where the funds would be withdrawn to. If you have more than one account set up for your account, then you can select one of them for the Auto withdrawal of funds into that account.

How to set your Bank account for auto withdrawal???Log into your PayPal account. 

Go to My Account -------------->> Profile ------------>> Add/Edit Bank Account.

 Select the bank account and click Make Auto Withdrawal.

*If foreign exchange or currency conversion is required to complete any transaction, this will be performed by a licensed financial institution. The foreign exchange rate is adjusted periodically on a daily basis to reflect market conditions and includes a 2.5% processing fee which is retained by PayPal. The exact exchange rate that applies to your transaction will be displayed to you at the time of the transaction.

Source: PayPal