My bank account is not linked with paypal. I had to receive 30$ on 5th june. Can i receive the payment?
There are few guidelines to follow one of them is to either link your bank account or your debit/credit card to keep your paypal account active.. but still I think you can receive payment.. even paypal now a days asks for valid pan number for verification..
Anyone know the code of paypal for kerala??
I highly advice you to connect one cuz as per RBI guidelines you money will auto transfer to your bank acc within 3 days from PayPal, I don't know what will happen in the case of "No bank acc"
Just add it to be in a safe side.
why rbi has these idiot guidelines!this is the reason why we are lacking in many things digitally
The primary reason is they thought such sites( out of India ones) may hold Rs in form of other currencies like $€¢£ which may affect our economy.Its not stupid a guideline, they have there many valid reasons.
Oh sorry for thatI was unaware of the fact:}
To curb outflow of money needlessly. Paypal is good for receiving money from other countries in India.There are several other reasons too but in simple this rule from RBI was implemented to track and handle data related to all inlow of money.