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How to Withdraw Funds from PayPal to Bank Account in India

PayPal issues with Indian bank accounts are still not resolved ans PayPal has officially confirmed that it will take few more months for the situation to come under control. There is no exact date when the bank withdrawals from PayPal to Indian bank accounts will be resumed. In the meantime, if you want to withdraw funds to your bank account then you can use a service called as XOOM.

XOOM seems to be the best alternative to PayPal. From the last few days I was looking for a good alternative to PayPal. Some users have already transferred the money to their bank accounts using XOOM and according to @smartin and @mayurjango it took only 2 days for the withdrawal process. It seems quite better.

You will get three options with XOOM :

Cash Pickup : Pickup money in just minutes at a Punjab National Bank branch in India.

Bank Deposits : Same day Bank deposits are available to Punjab National Bank accounts and the faster bank deposits to any ban in India.

Home Delivery : Home delivery via Blue Dart is also available with XOOM.

The exchange rate of XOOM seems to be too good as compare to PayPal ( USD 1.00 = INR 46.0031 ) when I withdraw the money but their processing fees is higher. You can use the following coupon codes to avoid any processing fees when making payment from PayPal.

Coupon Codes : XOOM2010, FEBXOOM10 (These coupon codes are for one time use only)

Please make sure to :

  1. Provide your real Name, Address, E-mail ID and Phone number.
  2. Enter complete details about your bank account.

Disclaimer : Please try XOOM at your own risk. I shared this information after reading about this service at forums at some websites. I will not be held responsible for any loss or problem if you face any.

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24 Comments

  1. Rahul
    February 14, 2010 at 11:13 am

    I know about xoom. Also, alertpay is also good option.
    .-= Rahul´s last blog ..How To Reduce Spam Comment On Blogspot =-.

  2. Suhasini
    February 14, 2010 at 5:17 pm

    Thanks a lot simran….You have written a great article…We were looking for a better alternative too but the problem is is it safe?
    .-= Suhasini´s last blog ..Make Money Online with Blogging : Part 2 =-.

    • Simrandeep
      February 14, 2010 at 5:28 pm

      It is verysign secured and everyone is saying that its working fine at digitalpoint forums. I’ll attatch the proof after getting the money.

      • prerit
        February 17, 2010 at 9:52 pm

        How much time does it takes to transfer?

      • Simrandeep
        February 17, 2010 at 10:24 pm

        It usually takes around 2 days for the transfer but if you are using PNB then you can withdraw your deposits the same day.

  3. Jaydip Parikh
    February 15, 2010 at 1:58 pm

    I heard from many people is XOOM is good option for Paypal. I think we should try once with little amount of money.
    .-= Jaydip Parikh´s last blog ..Management Story : When You are in Deep Shit =-.

    • Simrandeep
      February 17, 2010 at 10:25 pm

      I tried it and its working 🙂

  4. Anish K.S
    February 19, 2010 at 8:49 am

    simran will check Xoom, we need a better alternative for paypal.
    .-= Anish K.S´s last blog ..Reliance Mobile introduces the all new Huawei C3500 & C3200 =-.

  5. !DSeva
    February 20, 2010 at 2:45 am

    Hey, any one with a successful transfer using XOOM please contact me on yahoo im SLIMposter
    or gmail DSevas at gmail.com

    thanks in advance.

  6. navapavan
    February 21, 2010 at 5:08 pm

    I had got my money 3200 blocked in paypal.. is there any chance to get it.. i have submitted proofs too

  7. Hanen
    February 22, 2010 at 12:05 pm

    Hi

    Xoom is not more working. My transfer was also cancelled, so i contacted them and got this email:

    Dear Valued Customer,

    Thank you for choosing Xoom to send your money transfer!

    Unfortunately, we have canceled and are in the process of refunding this transaction identified as Intra-India. Current regulatory restrictions are the reasons for the cancellation. There are options to withdrawal your funds via Paypal, see the following link to assist in this matter

    We have no time frame, when these restrictions will be lifted. you may check back in 2-3 months.

    Respectfully,

    Xoom Compliance Group

    I also called them on this number 01242575678 and she confirmed that they changed their policies 🙁

    Any idea what to do now?

  8. !DSeva
    February 22, 2010 at 10:31 pm

    OMG, this shit happened to XOOM too.

  9. Hanen
    February 23, 2010 at 1:08 pm

    I have some money which is stucked. Not reversed and also not withdrawed

    I contacted them to ask and got this answer.

    Dear Sadaruddin C M,

    Thank you for reaching out to us. I?m contacting you on behalf of Farhad
    Irani regarding your email below. I would like to apologize for any
    inconvenience this current issue has caused you.

    In regards to your eBay fees, you should be able to pay those through
    your PayPal account; you can usually set up a billing agreement with
    eBay on your PayPal account in order to assist with making your payment
    for eBay fees. Unfortunately we can not initiate payments for our
    customers.

    In regards to your inquiry, any withdrawals initiated on or after
    February 8, 2010 are still pending with our bank due to the issue. If
    we cannot fix the issue soon, we will explore other options which may
    include reversing the funds back to your PayPal account.

    If you have any further questions, please feel free to contact us again.

    Sincerely,
    Jennifer
    PayPal, an eBay Company

    I think the best idea for people who needs money urgently is to send the money through xoom to any friend out of india and he can send it back through moneygram or western union.

  10. Ruchita @ IBEE Hosting
    February 24, 2010 at 11:49 am

    Xoom stopped payments indians. See my transaction canceled on FEB 22nd.

    .-= Ruchita @ IBEE Hosting´s last blog ..What is Green Hosting? =-.

  11. ravi
    February 27, 2010 at 1:27 am

    this shit aint workin now either. supports payments from other countries, but no intra country withdrawals

  12. Hanen
    March 3, 2010 at 12:03 am

    Hi

    Paypal is working again.

    Check this :

    Regards

  13. Olimpia Westervelt
    March 5, 2010 at 12:54 pm

    Wonderful write-up! I actually fully enjoyed the way of seeing things – clear and to the point, exactly what we like

  14. John Boyd
    March 17, 2010 at 9:43 am

    Anyone have any updates for successful withdrawals to an India bank account as of NOW?

  15. Hanen
    March 17, 2010 at 12:42 pm

    Hi

    Yes i did withdraw last week and got the money in my bank account. Before i used to get the money in 2 days, but now it is taking 4 days. Can be different maybe in other banks. I have citibank.
    This friday i did withdraw also and i am still waiting for the amount.
    But it worked!

    Regards
    .-= Hanen´s last blog ..Welcome =-.

  16. askin
    August 27, 2011 at 12:09 am

    i withdraw 100$ on 24th august from my paypal to bank and my paypal today is showing that it is completed , but i not received in my bank account , tell me will i receive within 7 days or not ??
    Is still the paypal problem going on ??

    • Simrandeep Singh
      August 27, 2011 at 10:18 pm

      You should wait for 2-3 more days. They said it take around 5-6 business days to transfer the money. But I usually get it within 3-4 days.

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