I want to have a overseas account preferably in US for my business Can someone guide me how can I open an account with which bank and what is the procedure. I enquired with RBI and they said me to contact SBI to open a NRI account. Whether a NRI account solve my purpose. I want the amount from my paypal account to be transfered to this Overseas account. Need Help!

You cant, tried and failed over and over again. Go to the US yourself and its cheaper and the only way to open a us bank account.