Thanks everyone for their replies. So i have found an interim solution for myself. And this story is important.

Was out for coffee with wife, and she insisted on heading to Barista whereas CCD being right next to it, was my preference. Anyway went to Barista, their card machine was not working and having no cash with me, we went to CCD. At CCD there was a poster of Digibanking by DBS which caught my eye, and something with Oxigen services being their partner for verification. I thought maybe this is another online wallet, but being the curious person that i am, i spent the entire afternoon looking them up.

Downloaded the app, Signed up for their digiexpress account, took less than a minute, and i had transaction limits of 10k a day, and 20k a month. I still believed this was not a bank account, but more like an online wallet. The best part, no cooling time for adding beneficiary, and i could transfer to MMID and account number both.

Signed up for their DigiSavings account, by giving nominee, pan and Aadhar. next day someone came over to verify fingerprint, or i could have gone to a CCD as well to do the same. and as soon as verification was done, my account was activated with upgraded limit of 5 Lac a day, and 50 Lac a month. Also i believe there are no transaction fees, atleast till now haven't been charged anything.

So my problem is solved for the time being. No waiting for adding beneficiary, and decent transaction limit. Only downside, they don't offer current account yet.

P.s. This is a completely online bank account.

I would recommend this to anyone doing BTC trading.

Edit: There is a limit of 20 beneficiaries. However, you keep deleting and adding new ones as there is no limitation. Just a small irritant.