is Birla Sun life short term fund good?

I got to know it is open ended(liquid) fund which uses money in daily bank transactions. It gets returns on one day basis which is 7-8% and no tax on return. this is benifit over FD. Similar Reliance fund is there in market 'Reliance Liquid Treasury'. please give ur suggestion on this.

Is there a method to transfer money to paypal account through an account from an Indian bank?

I want to purchase an item online which asks for a paymet mode through Paypal. I have an online account with SBI (State bank of India), a popular banking chain across India. Can I transfer the equivalent sum from this account to paypal and then make the required payment online? If not, what is the best course of action for such a situation? A practical solution would be highly appreciated. Thanks in advance!