After loads of recurring bad news for PayPal India users, here is a good news – You shall receive up to 3000 USD in a single transaction. The earlier limit for Indian users was 500 USD and seemed a lot childish affair when you limit real time internet businessmen with a small amount of 500 USD.
The Official PayPal message is as below:
Receiving Limit Raised to USD 3000 per transaction
In order to comply with the RBI Guidelines, all PayPal users in India must:
- Add a Permanent Account Number (PAN) and Purpose Code.
By adding this information, you will continue to receive export-related payments into your PayPal account and your account will not be limited from receiving future payments.
- Add a bank account in India.
This will help us to auto withdraw your PayPal balance out of your PayPal account and transfer your balance to your bank account in India. Note: If you don’t add a bank account in India to your PayPal account then your PayPal account will also be limited from receiving export-related payments.
Now you will be able to receive export-related payments of up to USD 3000 per transaction into your PayPal account.