Indian Financial System Code (IFSC) codes are assigned to every single bank in India by the RBI. The Indian Financial System Code is being used as an addressing code. The code is an 11 Digit Alphanumeric code with the starting four characters representing the bank code, the next character is a control character, and the remaining characters are to identify the Branch.
There are two methods to verify PayPal account. First method is by linking your bank account and the second method is by linking your Credit or Debit Cards. It totally depends on the user on which method he/she should choose.
Steps to verify PayPal account without using Credit/Debit cards:
- In your account page click on “get verified”
- Select the option “link to my bank account”
- Enter your Bank account details and click on start process to confirm bank account and get verified
Now PayPal will make two small deposits in your bank account. Check your bank transaction details after 4-5 days and enter the amount deposited by PayPal in the verification page. Now you have verified your PayPal account,But the problem with most of the Indian PayPal users who try to verify their respective PayPal account using “link my bank account” method has to enter the IFSC code for their bank. The code can be easily downloaded from the Reserve bank of India’s Website or directly download it from an alternate location. The codes will be in Microsoft Excel format. You may download the whole database or select your bank from the list.