You can only withdraw money from your PayPal account after your account balance reaches $150. You login to your Paypal account and request a withdrawal. There is a fee of US$5 for each withdrawal. The exchange rate you will get for conversion of US$ to Rupees will also be lower by about 5% .
The amount will be sent as a Citibank cheque in Indian Rupees by ordinary post. The cheque can be encashed at any Citibank branch in India. However, Citibank has branches only at major cities and towns in India, so if you stay in a small town, fees for outstation cheque clearing will be deducted from your account. There will also be some delay in cheque clearance.Â
After the cheque is processed by PayPal, information will be available in your account. The time taken for the cheque to reach you will depend on the postal service in your area. It will take a minimum of 10 days and sometimes, there is a delay 45 days.
If the cheque does not reach you after a few months, it may be lost. You can cancel the cheque and get it reissued. There is a fee of US$15 for cancellation of the cheque.
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