I have done it bit differently...
I applied a new savings account in ICICI Bank with this link
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This account is branch free banking and only works for online transactions. So, No Plastic Cards, No Cheques, No paperwork (only during application process) other than no paperwork.
After online application submitted, the next day a guy came from the Bank and filled up everything and got the signs. After 10+ days, I got the login details of the account!
Features:
No Minimum Balance Requirements, so no AQB Charges!
You will get a Ewallet Visa Virtual Card, the 16 digital number is permanent for you and nothing like expiry after 24 hours like VCC, I added the card to my paypal account and so for pays the bill with the card via Paypal.
You can deposit the money from your other bank accounts.
They need other bank 6 month statements, Pan Card, Address proof, for account opening! No need to go to the bank!
Another way
Using HDFC VCC, if you have savings account with them, you can load the amount to VCC with savings balance, but it will expire after 24 hours, before I used this for payments, but now using ICICI ewallet.
buddy, it says that this service is available only in selected cities!.
my city is not in the list