Is Perfect Money Banned in India? (Nov 2025): Login Issues & Withdrawal Fix
November 24, 2025
What is Happening?
If you are trying to open PerfectMoney.com or deposit funds using UPI, you are likely facing an error. To deposit funds to Perfect Money via UPI, you need to use Exchangers like AirTM. Now, this has become a problem because the site is no longer loading.
Why is it blocked?
“While there is no public ‘Ban Order’, this is part of the Financial Intelligence Unit (FIU) crackdown on offshore payment gateways.
Since Perfect Money is not registered with the RBI and does not follow strict KYC norms (PMLA compliance), Indian banks have stopped processing payments to their merchant partners. This is the same reason Payeer and Binance faced hurdles earlier this year.
Solution : How to Access & Withdraw
Step 1: Access the Site “If the website is not loading, do not use free VPNs (risk of hacking). Use a secure DNS like 1.1.1.1 (Cloudflare) or a premium VPN set to Singapore.”
Step 2: The Only Way to Withdraw “Direct Bank Transfer is currently unsafe and likely to be declined/frozen by your bank. The Fix:
- Login to Perfect Money.
- Go to ‘Withdraw’ -> Crypto.
- Convert your balance to USDT (Tether) or Litecoin (LTC).
- Send it to an FIU-registered Indian exchange like CoinDCX or Mudrex.
- Withdraw to your bank from there.”
Another option will be via AirTM.
Best Alternatives for 2026
Perfect Money is becoming too difficult to use in India. It is time to switch.
- For Forex Traders: Use Skrill or Neteller (They are stricter but legally safer).
- For Freelancers: Switch to Airtm (Best UPI support). [Sign Up Link]
- For Crypto: Use Binance P2P.
Conclusion
“While Perfect Money hasn’t officially exited India, the writing is on the wall. The blocking of UPI and website URLs suggests you should withdraw your funds immediately. Do not keep large balances in the wallet.”
Facing issues with Payeer too? Read our guide..Is Payeer Banned in India? (Nov 2025)
