This news comes as a great relief to the paypal users, particular belonging to the Indian subcontinent. Recently Paypal had suspended all its services to withdrawal money directly to the local bank accounts of the users. This was due to some legal conflict between Paypal and Reserve Bank of India.
This suspension caused huge panic and chaos between Indian paypal users as Indians are into providing maximum services online to the western merchants. Due to this suspension, other services like Xoom came into action in providing easy service to withdraw money to India.
However, today paypal announced that its problem with RBI has resolved and that it will resume services for withdrawal to local banks in India. However, an additional field of information needs to be filled in before withdrawing the money.
Read the announcement by Paypal here: https://www.thepaypalblog.com/2010/02/resuming-local-bank-withdrawals-to-india/
Great news. Seriously, i was in huge pain due to suspension of paypal service in india. Great work paypal.
This news come as a morning surprise for me…I thought it started from today but after reading Blog post on paypal blog, realize they are expecting it to start from 3rd .. Lets wait and watch