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Re: Best way to withdraw money in India

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Moderator
Valeria K Moderator Member Since: Mar 6, 2014
11 of 51

Hi Pritam,

 

Check out this help article about the Local Fund Transfer. Alternatively, PayPal and Skrill are also available as  withdrawal methods in India.

~ Valeria
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Community Guru
Ramesh K Member Since: Oct 25, 2015
12 of 51

Payoneer is not available for Indian residents. Alternatively they do have local bank transfer option where you can withdraw the amount from Upwork to your Payoneer account and from there you can withdraw it to your Indian bank. Works similar to Paypal. But their fees are higher than paypal.

As far as my experience, best way is to transfer the funds from Upwork to Paypal in USD and from there make a withdrawal in local currency INR.

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Community Guru
Ramesh K Member Since: Oct 25, 2015
13 of 51

Dont use Skrill.

Very pathetic customer service.

Once I made a withdrawal from Skrill to IDBI and the amount was in hold for almost 40 days by IDBI bank and they said 'Skrill is in Reserve bank's banned list'. 

But I have asked RBI and they dont have any such ban on Skrill.

Anyhow, IDBI returned that amount back to Skrill, but it took almost 3 weeks for Skrill to re credit that amount.

They never ever replied to any our our queries. Also their withdrawal fee and currency conversions are tooooo high compared with others.

Don't ever go for Skrill.

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Active Member
Pritam K Member Since: Nov 23, 2015
14 of 51

Hi Friend,

I'm just asking....

My upwork pament methode is inactive...

How much time it takes to be active ?

Indian Bank to withdraw money from PayPal to cost ????

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Community Guru
Ramesh K Member Since: Oct 25, 2015
15 of 51

If you have money in your paypal, either it will get automatically withdrawn to your bank account specified in the paypal account or you can do manual withdrawal. There is no fee for this. While initiating the withdrawal you can able to see the currency conversion rate.

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Active Member
Pritam K Member Since: Nov 23, 2015
16 of 51

Hi

    Friend,

          I opened Paypal Account. But State Bank of india is Paypal Add to do.

           Please Help Me???

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Community Guru
Ramesh K Member Since: Oct 25, 2015
17 of 51

I dont understand your question.

You dont know how to add your bank details?

For making withdrawals you can add your State Bank account with exact name as in your paypal & bank account along with your account number and IFSC code.

 

If you want to make purchases through your paypal account, as an Indian user you are not allowed to do through your paypal balance. Instead you can add your 3D secured debite / credit card with your paypal account and can make purchases using it.

 

Any amount in your paypal account will be either auto-debited to your bank account daily or you can initiate a withdrawal at any time.

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Active Member
Pritam K Member Since: Nov 23, 2015
18 of 51

Hello K R,

           Thanks a lot for quick reply.
 I am really happy with your help.

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Active Member
Lakshmi R Member Since: Feb 17, 2017
19 of 51

In this case how much do we pay as commission in total?

i.e. Upwork to Paypal  in USD + Withdrawal from paypal in INR

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Active Member
Aarti M Member Since: Feb 25, 2016
20 of 51

Hi Nikhil,

 

Explained really well. Just one question.

 

Do we need to intimate bank (in India) or complete any formalities with the bank in order to receive funds, when we choose LFT method?

 

Regards,

Aarti Menariya

 

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