[ilolu]

Thanks. I looked at smallbusiness link of BoA. They seem to not accept non-resident aliens when applying for Bank Account.

Do I have to visit US ?.

[sandGorgon]

instead of BoA - consider First Republic. They are very friendly to startups and have a great online system.

Also remember that getting an EIN and an ITIN (a replacement for social security number for foreign residents) is a bit involved. The most important tip - get something called a "True Copy" of your passport done withing a US Embassy in your country (e.g. http://mumbai.usconsulate.gov/notary-services.html). NOT AN ATTESTATION.

That is going to be the most important piece.