Indian Overseas Bank ATM/Debit Card and Paypal

December 21, 2007 by roshan.george in Internet, India

EDIT: Wait, no you can't. It doesn't works. You have to get one from any bank but IOB.
It doesn't work. Please stop commenting with your card numbers, I don't want them. Thank you.

I was searching around to see if I could use this to verify Paypal before I actually got it. It turns out that you can. But before you use it to verify your account you have to first use it atleast once at an InstaCash ATM, so use it as soon as you get it, withdraw a couple of bucks, it won't hurt.

And one more thing, when you walk into an IOB ATM, sometimes the slot for the ATM card won't be clearly visible, so you may not notice it. It's a thin slit near the part where the money comes out. I didn't notice and spent like a couple of minutes just looking around :D

PS: Don't forget to sign on the back of your card!

16 comments

MarcDecember 21, 2007

You don't need to sign at the back of your card. No one checks for it, ever.

roshan.georgeDecember 21, 2007

I think they do, they should anyway. Besides, not signing on the back is just asking for it. A friend of my mom's lost lots of money that way.

MarcDecember 22, 2007

Oh yeah?

http://lifehacker.com/software/credit-cards/dont-sign-your-credit-cards-201344.php

http://www.zug.com/pranks/credit_card/

roshan.georgeDecember 22, 2007

I've seen the latter before. But the former does sound like good advice. Good point.

SonyaMarch 24, 2008

Can I use IOB debit card with VISA logo on it to verify my PayPal account? I tried doing it but it did not accept.

roshan.georgeMarch 25, 2008

Nope, you can't. It doesn't work.

If you have an account with any of the following banks you can withdraw straight into your account:
SBI
Bank of India
Canara Bank
Union Bank of India
HDFC
ICICI
ING Vysya
Axis
Standard Chartered
HSBC
Citibank

Basically, any bank except for IOB will be fine.

SonyaMarch 30, 2008

Thanks for the reply George.

If I link my bank account with PayPal, then is there even a remote possibility that they may debit my account without my prior permission or prove harmful in anyway? I have read many horror stories on paypalsucksdotcom.

I would also like to know if an Indian citizen can play online games for cash.

roshan.georgeMarch 30, 2008

While that hasn't happened to anyone I know, I have heard of stories like those. Sorry, I really can't help here.

Well, you can, but you have to play for long hours to farm the gold/equipment that other people really want for it to be worthwhile. It isn't exactly restricted by country, even though it is against the terms of a couple of games.

RaviNovember 6, 2008

That has happened to one of my friend ,he was debited by Godady without his permission .Godady actually upgraded the package and charged both without his permission.

srialiNovember 16, 2008

i am unable to verify in paypal with my bank of india debit card (master card) and abnamro credit card(visa). i dont know what is the problem.i had sent a mail to paypal, but has not heard from them.

JosephMarch 16, 2009

George, is it possible to withdraw funds to IOB using Electronic Funds Transfer? (in PayPal)

roshan.georgeMay 27, 2009

Joseph, yes it is.

RAJESH PAUDELFebruary 19, 2010

PAYPAL HAS SENT TWO RANDOM DEPOSITS IN MY IOB ACCOUNT, BUT THE SAME IS NOT REFLECTED IN MY ACCOUNT. SECONDLY I TRIED NUMBER OF TIMES WITH MY IOB ATM CARD WITH VISA LOGO TO LINK AND CONFIRM MY CARD IN PAYPAL BUT COULD NOT AND I GET AMESSAGE THAT "UNABLE TO VERIFY YOUR CARD".

Hemant PawarApril 30, 2010

Hi Roshan ......this is a 2 yr old post....so right now is it possible to link IOB InstaCash Visa Debit Card with paypal??

AjayMay 2, 2010

George, I have opened an IOB regular SB a/c and I wish to link it to my Paypal account, for verification and withdrawal. Is it possible? My branch does have a NEFT IFSC code and I have specifically asked those people about it. I do not wish to link the debit card, by the way.
Fund transfer from PP is possible, to IOB?

AjayMay 2, 2010