Procedure for PayPal Registration

First of all, you should gather informations required for registration.
Following are the important things required:

- Name&Adress
- Bank details
- IFSC Code of your Bank
- PAN number
- Credit Card Information(optional)

While entering 'Business Name', you have to be very careful, this name must be same as in your bank account.
If you don't know IFSC code, you can contact the Customer Care of your bank.
After registering with paypal, they send a very small amount to your bank account. That amount itself is your verification code!!

Note: If your PAN number didn't get verified for a long time, Then you should contact them by asking for verification.