Paypal have suspended service in india. there is no way to withdraw money from your paypal account. all withdrawals requests submitted in last few days has been canceled.
but this is not all , when withdrawal requests are canceled they are charging conversion fee on amount again(they charged first time also to convert USD to INR). for ex. i submitted a withdrawal request of 1168 USD on 3rd of FEB, at that time no service suspension information was available, later i received a email, which mentioned that transaction will be canceled and amount will be credited back to my account.
but today when amount is credited i am shocked to see they have credited only 1081 USD, they applied exchange rate again and also took their 2.5% conversion fee on amount. they just took my money for their own mistake.
so i lost around $88 USD without any reason. paypal is just minting money from transaction which was never credited to my account. when amount was never credited how can they charge me for conversion fee(from INR TO USD).
i am totally shocked, i am not sure what to do next.
also please any paypal user here do not make any withdrawal request (still there is no notification on paypal site or your paypal account) otherwise you will end up losing money.
more information available here