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After so many controversy Paypal finally started allowing Indian users to withdraw Paypal Money on there Bank Account. But For this Withdrawel you have to enter you PAN Number in your Paypal Account. The PAN, a 10-digit alphanumeric number, is issued by Income Tax department of India. So now its important for you to enter PAN Number in your Paypal account to Withdraw the money.
You can get more info about PAN Card number here
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3 Responses
Hi,
I just wanted to ask anyone who has got an experience about this paypal india pan thing.
My questions are as follows:
1) Is the pan number required to open a paypal account from india?
2) Do the old indian paypal accounts need to enter their pan number for transactions like sending and receiving money or just to withdraw money in banks?
Please help me out here. Thanks in advance
1. Yes.
2. Yes, you have to mention the PAN Number first
Even for the old accounts and for paying small amounts, you need to give them your your PAN and mobile number. But few in net world claimed possibility of by passing this though did not say how.