Paypal has decided to change its rules w.e.f. 1 March 2011, and very generously has granted a month long prior notice to its Indian users to act fast accordingly. This changes are purely made up to follow the RBI guidelines. A blogger at IGoogledit explains why these changes have been made and what do they actually mean.
Following is a snapshot of what actually Paypal posted to let this news out :
Following is a snapshot of what actually Paypal posted to let this news out :
Also this announcement was accompanied with a list of FAQ's to make things more clear to few dumb heads :
Considering this scenario, if you are an Indian Paypal user, don't just hop into your seat with tension but start shaping your actions accordingly. Not so long when one can expect Indian eCurrency users to be smashed with another blow by the RBI.
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