In a confirmed news by Farhad Irani at PayPal Blog who handles PayPal business in Asia Pacific said that starting from February 27, 2010. Two weeks back there were lot of hecks from Indian users that they are not able to withdraw funds or send funds across India and PayPal has done well by firstly reversing the transactions to the senders and now coming up with news to that they are in talk with RBI to allow Indian Paypal users to continue local bank withdrawals.

Paypal hopes that everything every users can withdraw money to their local banks by March 3 without any problem and would be back on March 1 on specific instructions on how you can move your money into your bank account.

Talking of the personal payment in India, until Paypal gets an approval from RBI, personal payments in India will be suspended.

Stay updated until Paypal updates us on March 1, 2010 which is just near.