Transfer currency/conversion rate and charges for transfer to Indian Bank account

kbsbng
Contributor
Contributor

Say I receive 1000 USD to my Indian Business Paypal account from outside India. When the transfer to my bank account happens, in what currency does it happen? Is it converted to INR and transferred, or, is it transferred in USD? If it is converted to INR, what would be conversion rate?

 

Also, what would be the charges during the whole process?

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kernowlass
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Esteemed Advisor

@kbsbng 

 

Fees. 

https://www.paypal.com/in/webapps/mpp/merchant-fees

 

Withdrawals / Currency.

https://www.paypal.com/in/cshelp/article/how-do-i-transfer-funds-to-my-bank-account-HELP394

 

Withdrawals are always in local currency (INR) to bank accounts so currency conversion fees may well apply.

 

 

 


Advice is voluntary.
Kudos / Solution appreciated.

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Solved

kernowlass
Esteemed Advisor
Esteemed Advisor

@kbsbng 

 

Fees. 

https://www.paypal.com/in/webapps/mpp/merchant-fees

 

Withdrawals / Currency.

https://www.paypal.com/in/cshelp/article/how-do-i-transfer-funds-to-my-bank-account-HELP394

 

Withdrawals are always in local currency (INR) to bank accounts so currency conversion fees may well apply.

 

 

 


Advice is voluntary.
Kudos / Solution appreciated.
Login to Me Too

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