What is Paypal Account and How to Create a Paypal Account in India?
If you want to make money online or if you want to start online business in India, then you must have a PayPal account.
What is PayPal?
PayPal is like an online bank and if you have a PayPal account, you can send and receive money immediately from someone with a credit card or PayPal account.

- If you are earning money online, most companies would like to send your earnings to their PayPal account.
- And if you have an online business and you want to sell your products online, you can easily get paid from your customers who want to pay by credit card or their paypal account. Although there are other payment gateways, but PayPal is the most convenient and preferred method.
You can add your bank account to PayPal and you can transfer your earnings to your bank account in India. Within 2-3 days, you will receive payment in Indian currency in your bank account.
If you do not have a bank account, you can open a PayPal account but your PayPal account will be treated as an unverified PayPal account unless you attach the bank details to it. There is some limit to sending and receiving money in unverified bank accounts.
To open a PayPal account, you need a PAN card and a working email ID.
If you do not have a PAN card, you can use your parents’ PAN card to create a PayPal account. If you are going to use your father’s PAN card, make sure you use your father’s name when making a PayPal account. Paypal user account name and PAN card name should match When creating a PayPal account, please provide the correct information.
There are no account numbers in PayPal, we use the email ID instead of the account number. You can create a PayPal account for free. No charge
There is no need for any type of debit or credit card to open a PayPal account. You can add a debit card or credit after opening the account, if you want to buy something online but it is not necessary that you only want to get the money that you have earned online.
Paypal is very safe so do not worry about your money. It provides protection through SSL (secure socket layer). Your details have been transferred to the encrypted form on the internet hacker is impossible to hack your account.
You have to remember your email ID from which you are going to create a PayPal account and password.
Do not share your password with anyone.
You can also transfer money from one Paypal account into another PayPal account.
Steps To Make A Paypal Account In India
Step 1: Visit the site PayPal.com
Step 2: Click the Sign Up button
Step 3: Choose your country as India and click on start
Step 4: Fill the form completely
Step 5: Uncheck this box if you do not have a credit card and you are only creating an account to receive money. Then click on to agree and create an account.
Step 6: After that you will see a message of security challenge. Enter the code given in the box.
Step 7: Next you will see a message about your credit card details. If credit cards fill all the details but in case if you do not have a credit card and you are only creating an account to receive money, then go to My Account. You can also add your credit card details later after you create the account.
Step 8: Your PayPal account has been successfully created. But this account is unverified. Now you can get money in your PayPal account, but you can not transfer to your bank account until you attach the bank details.
What is a verified PayPal account?
When you attach your bank details to your PayPal account, your account PayPal account will be verified. After applying your bank account details, your PayPal account becomes an Auto Driving Account. This means that if you have some money in your PayPal account, it will be automatically transferred to your bank account.
Why should I have a verified PayPal account?
There is some limit to unverified PayPal account. You can send and receive money to some extent.
There are also some sites on the internet that pay only to your PayPal account when you have verified the PayPal account.
How to get a verified PayPal account?
To get a verified PayPal account you need to attach two things mainly.
- Purpose Code
- Bank Account Details
Step 9: Add a purpose code ad and market research. The objective code helps RBI track the type of transaction.
After this you will see such a screen
Click on Overview and you will see this kind of screen
Step 10: Add Bank
Click on the AD Bank and you will see such a screen.
You must now enter the following details.
- Name of the account – Your name should match your name, which is mentioned in your PAN card. Overall, your PayPal account name, PAN card name and bank account name should be the same.
- Bank Name – Please enter your bank full name. For example, instead of SBI, enter State Bank of India.
- NEFT IFSC – Either you can ask your bank customer service or see your check book for NEFT IFSC code. Or you can go to IFSCcodebank.com to find it quickly.
- Account Number – Enter your bank account number and re-enter the number again, again in the ‘Enter account’ field.
- Click the check box to make your account auto return. This means when you will get money in your PayPal account when it will be automatically transferred to your bank account within 2-3 days. You do not even have to log in to your bank account and make a request by logging in to your PayPal account.
Step 11: Now you will see such a screen
Step12: Then click Continue, then click Save and make sure all the information is correct.
PayPal will send two small amount to your bank account within 6-7 days.
These are two small amount (Rs 1.06 and Rs 1.06), which send Papal to my bank account to verify my PayPal account.
Now, when you open this amount, the PayPal site and login in your bank account. Click Get verified verification
You will see two text boxes there, enter these two small amount in these two text boxes and your account is still verified.
How to add debit card / credit card to PayPal?
This is an alternative. You can add your debit card by clicking on the link.
How to transfer funds from a PayPal account to a bank account in India?
Let’s say you have $ 10 in your PayPal account and you want to transfer it to your bank account. If you have verified the PayPal account, then your money will be automatically transferred to your bank account within 2-3 days.
You do not even need to login in PayPal account. This is the rule applied by the RBI on PayPal. According to the current market rate, your money will also be converted into rupees. So do not worry about currency conversion. Your money will be in cash in your bank account.
Example- I earned $ 7.8 from a site called Clicksense. This site sent the money to its PayPal account on January 1, 2013. On January 2, 2013, PayPal automatically sends this money to my bank account and converts money into rupees. I have verified the PayPal account.
Do I need an online banking facility to get a verified PayPal account?
PayPal sends two small amounts to your bank account to confirm your account. After sending these two small money, PayPal asks you to enter these two small amount in the PayPal account. So if you have online banking facility then you can easily check your amount
If you are planning to make money online, then I will advise you to get online banking facility. All banks in India provide internet banking facility. There is no charge to get this facility.
You will have to fill out a form for this purpose and the bank will give you the username and password. You can login to the bank site with that username and password. You can learn the process of getting online facility by calling your bank’s toll free number.
In this way you can create a PayPal account in India and start sending and receiving money.