Transfer from Paypal account to NRE account in ICICI Bank
Can I transfer money from PayPal to NRE account?
Credits into NRE accounts are restricted. It has to be established that the funds being credited are income outside of India. In case of paypal, paypal uses local clearing to credit funds into Bank Accounts. So essentially one cannot credit NRE account by domestic clearing network like NEFT.
Can I transfer money to NRE account?
You cannot transfer money to a NRE account from a savings account in India. However, you can transfer money from NRO to NRE account. You can also transfer money from one NRE account to another.
How can I transfer money from PayPal to Indian bank?
Step 1: First of all, you have to click Transfer money under “PayPal balance” appears on the left of the page. Step 2: Then, you need to click Transfer to your bank, and click Next. Step 3: Now, you have to enter the amount you want to transfer and click Next.
Does Icici support PayPal?
ICICI Bank offers you International Debit cards so you can make payments online on International websites. All ICICI Debit cards work well on International websites and PayPal and personally, I’m using my ICICI Debit Card for international usage.
Which banks accept PayPal transfers?
Here are the banks that currently support Instant Transfer from your PayPal balance to your bank account:
- Bank of America.
- BNY Mellon.
- BB&T.
- Citibank.
- JPMorgan Chase.
- Keybank.
- PNC.
- Suntrust.