Today i signup for paypal and added my credit card and icici bank account to it and i recieved this email from them
Confirm your bank account with PayPal
You just added a bank account, but you must confirm it to become a verified user.
How to confirm your bank account and get Verified
PayPal made two small deposits to your bank account. These deposits will appear in your bank account in 4-6 business days.
Check your bank account and note the exact deposit amounts.
Log in to your PayPal account and click Confirm bank account on the Account Overview page.
Enter the two deposit amounts.
Verifying your PayPal account helps increase confidence between buyers and sellers.
i think this is good news for indian ,till now this process of verification is available for usa persons only now it is available for indians too