Just few days back PayPal sent a notice to all their users stating that Electronic withdrawals from your PayPal account or direct deposits to banks in India will no longer be available after July 29, 2010 for an unspecified period. This may be because of some unstated problems with Reserve Bank of India. The Official message from PayPal to all its users said this: “In accordance with regulatory instructions, we would like to notify you about a change in our withdrawal functionality in India starting on August 1, 2010. At present you ...

In a recent update from Paypal it will resume the much anticipated Indian bank withdrawals for plenty of businesses who uses Paypal for their services and goods from 3rd March'10 onwards. Noticeably Reserver Bank of India (RBI) has allowed Paypal to continue local bank withdrawals after Paypal made changes on how to move money to India as per Indian regulations for foreign inward remittance. Apparently on March 1st will get the needful instructions from Indian regulatory bodies and most probably from March 3rd 2010 Paypal India users can withdraw their money ...

Recently updates has been published on the official Paypal blog over annoying suspended services that Paypal has to follow under hard circumstances. In a recent blog post Anuj from the communications team says that - "We temporarily suspended these services to respond to enquiries from the Indian regulators, specifically questions on whether personal payments constitute remittances into India". "We’re working with the regulators and our bank processing partners in India to get this resolved as quickly as we can. We realize that this is causing considerable inconvenience to our customers and ...