How to get IEC code for Paypal

The IEC application form is available for download on dgft.gov.in – just search for “Application Form for Issue Importer Exporter Code Number (IEC)”. You may also procure the the form from any of the regional offices of Director General of Foreign Trade.

Filling the form should be easy and you can skip Section C since its only for people who already have an IEC number. You’ll need a bank certificate, your PAN card copies, date of birth certificate and a Demand Draft of Rs 250 (please cross-check since the fee structure may have changed) drawn in favor of DGFT.

Once you’ve all the required documents, you can submit the application in person to your regional DGFT office or it can be sent through snail mail (like registered Speed Post). Just like the Passport application, you’ll be given a File Number and you may use it to check the current status of your application on dgft.gov.in.

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Paypal supports Indian Banks

Paypal now supports Indian Banks! This would be cheered by web publishers who want to receive their payments instantly via Paypal

Paypal supports the following Banks

State Bank of India

Bank of India

Canara Bank

Union Bank of India

HDFC Bank

ICICI Bank

ING Vysya Bank

Axis Bank

Standard Chartered

HSBC

Citibank

You will have to provide the IFS Code which is usually on your Cheque Book and your account details

Charges for withdrawal are Rs 50 for amount less than 7000 and free for greater amounts!