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Update Your Paypal Account Before 22 August

Indian Paypal User Must Update Their Account Before 22 August 2011 To Receive cross-border payments and withdraw money In order to comply with the RBI Guidelines. Paypal says all PayPal users in India receiving payments from cross-border sale of goods and services and withdrawing money, are required to update their PayPal account by adding:
  • PAN or Permanent Account Number
  • Purpose Code
  • Bank account in India
By adding this information, you will continue to receive payments into your PayPal account and your account will not be limited from receiving future payments. You will also be able to withdraw money to your bank account in India. Or, allow your money to be auto-withdrawn into your bank account. If you currently have a PayPal balance, you will also need to update your PayPal account with the information.

1)  Follow these steps to add your PAN

    Step 1: Log in to your PayPal account.
    Step 2: Click on Profile on top of the page.
    Step 3: Click on My Details under My Profile.
    Step 4: Click on Add next to PAN. Read the instructions and enter your information on subsequent pages.

    2.) Follow these steps to add your bank account. 


    Step 1: Log in to your PayPal account.
    Step 2: Click on Profile on top of the page.
    Step 3: Click on My Money under My Profile.
    Step 4: Click on Add my bank next to Bank accounts. Read the instructions and enter your information on subsequent pages.

    3.) Follow these steps to add your Purpose Code.

    Step 1: Log in to your PayPal account.
    Step 2: Click on Profile on top of the page.
    Step 3: Click on My Money under My Profile.
    Step 4: Click on Add next to Purpose Code. Read the instructions and enter your information on subsequent pages.
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