Question Author
This is the mail I got later:
Your debit/credit card or bank account is now confirmed
Dear Kaththisiresh,
Thank you for confirming your debit/credit card or bank account with us. This completes our verification process of your financial details.
Verification lets us know that you're the legitimate owner of the credit card or bank account, helping maintain PayPal's secure network. As a result, we're able to remove the sending and withdrawal limits which we initially placed on your PayPal account before you passed this security check.
Don't worry – even though your sending and withdrawal limits have been removed, you're still protected against transactions sent from your PayPal account which you did not authorise*. Learn more about 100% Unauthorised Protection Coverage .
Note about withdrawals from your PayPal account: There is a minimum withdrawal amount. For more information, click here .
*100% Unauthorised fraud protection coverage covers eligible transactions sent from your account without your authorisation or permission. To be eligible, unauthorised transactions must be reported through our resolution centre within 60 days.
Yours sincerely,
PayPal