Jacksonville Business Daily

All the information about money transactions from foreign to India via Paypal to my personal bank account?

Pls help me with the details about Paypal do i have to submit any amount to create a account in paypal and how can i transfer dollars from foreign to india in rupees to my personal bank account? Which bank is suitable for transactions of foreign currency?

Public Comments

1. Pay Pal does not require any money down just a credit card number. If you want you money deposited directly into your bank then you must also "verify" your account by providing them with you bank routing and account number. Foreign currency exchange is handled by your bank. Call your bank to ask them if they handle foreign currency. Most large banks will at no additional cost, medium-sized banks may charge a small fee for the transaction, many small bank do not. The will take care of converting the rupees into US dollars at the time of the transaction. Best wishes.