create indian paypal account
When you start working online, you need a mode to send and receive payment. Usually you can use your credit card or debit card to make payment online but to receive Payment, you need to take help of services like PayPal, Google Wallet. PayPal has been one of the oldest and trusted service to send and receive Payment. Eespecially if you are from India, you will find PayPal service to be the best when it comes to receiving Payment from overseas. Do remember, most of the advertising network (if you are a blogger) pays using PayPal, so it’s essential to have a Paypal account.
Steps To Create your PayPal account:
First of all head over to.paypal.com and click on to get started to create your PayPal account. On the next page you have an option to select between “Personal and business account“. For bloggers, I would recommend you to start with personal account and if you ever need a business account, you can instantly upgrade it from PayPal dashboard.
On the next page you need to sign up by filling up a form, you can enter your Credit/Debit card detail then or can skip it for later to send Payment. Do remember, when you open a Paypal account in India, it’s a limited PayPal account. You can use it to send Payment to anyone using your Credit or Debit card, but to receive Payment you need to complete these 4 tasks:
1- Add your PAN card (Your Pan Card name should be same as your PayPal account name.)
2- Confirm your Email (When you sign up, you will get an Email from PayPal to confirm your account)
3- Add bank account (This will be the bank account where your Paypal money will be withdrawn to)
4- Purpose code (From the long list, select the purpose on which you are receiving payment on your Paypal account)
2- Confirm your Email (When you sign up, you will get an Email from PayPal to confirm your account)
3- Add bank account (This will be the bank account where your Paypal money will be withdrawn to)
4- Purpose code (From the long list, select the purpose on which you are receiving payment on your Paypal account)
Linking Bank account to your PayPal account:
This process will take 2-3 days if you initiate now, so I suggest you to create your Paypal account right away, as if in future you need to receive money from any of advertising company or client, you don’t have to wait then. Click on Start in front of Add bank account and you will be taken to the next page where you need to enter just few fields such as :
1- Your Name
2- Your Bank account
3- Your bank IFSC code. (If you don’t know the IFSC code of your bank branch, simply go to your bank official site and search for it). If not, Search in Google with “Your Bank Name, Branch and IFSC code”. Ex: ICICI Bank, Rudrapur IFSC code”. You can also select No in front of “Do you know your bank’s IFSC code?”, and select your bank, state and branch using Drop-down from there.
2- Your Bank account
3- Your bank IFSC code. (If you don’t know the IFSC code of your bank branch, simply go to your bank official site and search for it). If not, Search in Google with “Your Bank Name, Branch and IFSC code”. Ex: ICICI Bank, Rudrapur IFSC code”. You can also select No in front of “Do you know your bank’s IFSC code?”, and select your bank, state and branch using Drop-down from there.
Once you are done adding the bank account detail, Paypal will send you 2 small deposits in your bank account. After receiving the deposit (In my case it took only 24 hour to receive two small transactions), you need to login to your PayPal account, click on verify at top and enter the amount to complete verification of your Bank account and PayPal linking.
Add PayPal purpose code:
Next step is to add the purpose code for your transactions. If you are receiving Payment for affiliate commission or advertising, select “Advertising and market research” or select what is appropriate in your case. However, this will be your default purpose code, and at the time of withdrawing money from PayPal account to your Bank account, you can select any other.
Note: Money in your Indian PayPal account will be withdrawn automatically every day. You can also manually withdraw money to your bank account. Usually it takes 5-7 working days for money to be credited in your bank account.
Linking Credit Card/Debit card with Indian PayPal account:
When you are linking a credit card to your PayPal account you will face no issue. You can always add a new one, edit old one or remove old one by going to Profile > Link/edit credit card. Debit card from selected bank works fine with PayPal and according to users comment, these are the Indian bank debit cards that I’m aware of which works fine with PayPal.
Axis Bank
ICICI Bank.
HDFC Bank Platinum Chip Debit card
CITI bank
I hope this guide helped you to know everything about creating and verifying your Indian PayPal account.If you have any query or want to share more tricks related to PayPal, let us know via comment.
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