PayPal has announced that it will resume local bank withdrawals in India from March 3rd.
Farhad Irani from PayPal has mentioned this update in his recent blogpost.
PayPal is sending this message to its Indian Customers thro' email also.
So, now the question is what is "Export Code" . Whether it is IEC (Import Export Code) or simply PAN number. Let us wait till March 1 for getting further update from PayPal.
And, paypal blog post says PayPal is not having approval from RBI for doing personal inward remittances to India. So PayPal personal payments won't work until payPal gets this approval.
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