Wednesday, November 18, 2009

How to add a bank account to paypal?

Paypal is amongst the most secured online payment processors I have ever used. It is the most trusted online transaction site. It has been introduced by ebay.
To get the money accumulated i your paypal account to your bank, you need to connect your paypal account to the bank account. It is very necessary that the bank account must be in the name of the paypal account holder. Most people get a little doubtful whether connecting the bank account to paypal account will be secured or not. Well, I have added my bank account to paypal account and with my experience I can say there is not harm at all.
It is very easy to add a bank account to the paypal account:

  1. Login to your paypal account.
  2. Click on the "profile" link provided on the bar on the top under the "Merchant Services" and "Products and Services" options.
  3. Click on "Add/Edit Bank Account".
  4. Now fill up all the details that are asked for. There you have to select you country name. The Last name cannot be edited. Write down your Bank name. Now where most of people got stuck is the IFSC for the bank. IFCS (Indian Financial System Code) is a special code assigned by RBI (Reserve Bank of India) to every bank. You can find your bank IFSC from
http://rbidocs.rbi.org.in/rdocs/content/docs/68774.xls
You can find the code for new branches that are not in the sheet but later updated by RBI in
http://www.rbi.org.in/scripts/neft.aspx
5. Now submit the page. And after a few days required by paypal to verify your
account, you will be able to withdraw money easily.


1 comment:

  1. I was having problem with the IFCS code. Thanks for the link. I have now found the code for my bank.

    ReplyDelete

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