Indians woke up today and while logging to paypal, there was update information screen asking for Mobile no and PAN card no (issued by income tax dept).

Few Indians had problems updating their PAN with paypal, while most others were successfully update their account information.

Important:  If you dont have PAN, you can cannot enter somebody else PAN no in your paypal account (like your dad, family members) and your name on paypal should be exactly same on the PAN card, without …

Indians who withdraw paypal balance by cheque, usually have number of doubts and typically everywhere the same questions have been asked over and over again.  So i decided to compile pretty useful questions to clear your doubts.

How long will it take for paypal to issue a cheque?

It will take 3-5 days for paypal to start sending the check + 2-3 weeks to receive it. You will see check issued status in your paypal account.

How does paypal ship these checks? Do …

Physicians and medical professionals in US are so vulnerable to lawsuits,  relating to medical malpractice including negligence, personal injury and there are so many liabilities involved, which is why asset protection offshore is wise things to consider for your family and loved ones.

If you are famous physician earning lots of money, although everything might seem safe and sound now,  the stakes are so high that one day you are more likely to face including lawsuits related to your medical profession.

Irrespective …

Paypal just last hour, gave a final update and it seems to be a great news from the paypal blog posted by Farhad Irani. It seems Indians dont need IEC code and are need to enter the Purpose Code.  Purpose code is different from IEC code as advised by paypal and bank withdrawals to India will start by March 3, 2010.

New Update from Paypal posted on March 1st

Paypal expect to resume the service on March 3rd . When you select …

How to Apply for IEC (Import Export code)  code in India?

Quite contrary to many people think, it is very easy to apply and get the IEC code (usually 10 digits) from the Office of the Director General, Foreign Trade in your city for a small fee. You can apply as individual name under services and dont need to form a company or proprietorship.  Both savings and current account are accepted. It usually takes 2-5 days to get this code. You …

Indian paypal users have been desperate for this news and it looks like there has been both good and bad news.  Let me start with good news first.

The good news, is local bank withdrawals will start on March 3, 2010
The bad news is, Export code is needed to initiate a bank withdrawal.

According to paypal official blog,

I’m pleased to tell you that the RBI has now allowed us to resume bank withdrawals for settlements for exports of goods and services. We …

With any investment, first comes safety, then growth and then instant liquidity. Of which, the importance of safety and liquidity are paramount.  Look at the value of gold 20 yrs ago, and how far it has multiplied in its value.  With gold comes anytime liquidity which is why gold has been been often banked on during uncertain times.

Take for instance real estate, few years ago, when the economy was at its peak, oil prices surging,  there were gold rush on …

May indian paypal users have been complaining that paypal withdrawal initiated between Jan 27 to Feb 3, 2010 have been subjected to delay and funds not credited in their indian bank accounts.

Infact, there has been a huge discussion thread in Digitalpoint forums talked about the same issue.

Paypal did issue email notification saying that there has been a issue with indian bank withdrawals.

Dear xxxxxxxxx xxxxxxxxx,

We are currently experiencing an issue processing withdrawals to Indian bank
accounts. As a result, there may be …

If you have already added your credit card to paypal, then one day it is most likely to expire. All credit cards do have expiry date (once in every 3 yrs), which after that your credit card company will automatically renew and send you the new card (with  new secure code/CCV and expiry date). This may vary from country to country and the card issuer as well.

Just keep an eye on the expiry date, because if you dont update your …

Swiss Bank Accounts arent secret anymore. The legendary swiss known for their historic bank secrecy have now given up!

Many newspapers quoted on March 12, 2009 saying the swiss government announced that it would ease the bank secrecy bowing to pressure exerted by EU and the USA. The swiss would sign OECD (Organisation for Economic Cooperation and Development) and this would enable bank data sharing with authorities from foreign countries on tax evasion and tax fraud cases. Earlier the swiss only …