Once again India users of PayPal like me received an email from PayPal on January 29, 2011 announcing upcoming changes to payPal User Agreement for India with effect from March 1, 2011. This time the problem is much more serious.

If you are a new India user of PayPal, or planning to open an account, here is a complete step by step guide to how to withdraw funds from your PayPal account, and especially into your bank account. Procedures described in this article are specially meant for India users but anyone else could have a general guidance.

When you want to withdraw funds from your PayPal account, you have two options, you can request for either an electronic or cheque withdrawal. Electronic withdrawal service was discontinued from July 29, 2010 onwards. But the good news is that India users can do electronic withdrawals from July 30, 2010 as they did before.

When you want to withdraw funds from your PayPal account, you have two options, you can request for either an electronic or cheque withdrawal. But bad news for PayPal funds withdrawal if you are one of the India users. From July 29, 2010 onwards, India users will only be able to request for a cheque withdrawal of funds from their PayPal accounts.