Hello My brothers and sisters,

Great news for you all infact i little relief! :-P

Today i got an email from paypal-

https://www.paypal-apac.com/india/

In order to comply with the RBI Guidelines, all PayPal users in India must:

• Add a Permanent Account Number (PAN) and Purpose Code.
  By adding this information, you will continue to receive export-related payments into your PayPal account and your account will not be limited from receiving future payments.
• Add a bank account in India.
  This will help us to auto withdraw your PayPal balance out of your PayPal account and transfer your balance to your bank account in India. Note: If you don't add a bank account in India to your PayPal account then your PayPal account will also be limited from receiving export-related payments.

Now you will be able to receive export-related payments of up to USD 3000 per transaction into your PayPal account.