Paypal account India.

Just a Personal account is all that you need. It MUST however be 'verified' by connecting it to your bank account (you must have a PAN number) if you want to receive your payments. According to RBI regulations, you MUST also transfer any payments to your bank within 7 days of receipt. I believe that the minimum that you can transfer is $10 and that, although PayPal state that there will be charges if the amount transferred is under $500, they have, apparently, waived them so far. I am not Indian, however, so this information may not be quite accurate - this is what I understand from reading answers elsewhere. The minimum limit of $10 will be of no concern if and when you receive payments from MyLot but it may affect any payments you receive elsewhere. Nobody seems to know what happens to balances in PayPal which are less than $10 and therefore cannot be transferred within the 7 days. I presume that PayPal are happy to keep them for you until you have at least $10 and they will then transfer them.