It is true that they don't have office in Bangalore. I had to go through the same procedure. Took a printout of the form from their website couriered it to them along with the payment checks. Then they sent another courier with stamp papers. Then I signed and couriered it back to them. Post that my account was opened within 7 days.
2 weeks back I wanted to sign up for another account in my wifes name. This time they sent stamp papers in the first round since I was their customer already. BUT this time they are taking longer to open account. Hopefully will get it this week
2 weeks back I wanted to sign up for another account in my wifes name. This time they sent stamp papers in the first round since I was their customer already. BUT this time they are taking longer to open account. Hopefully will get it this week