Friends all we know bitcoin is transaction is not allowed in india. only few indian companies are available that also require KYC.
Your comment here - that you believe bitcoin is not allowed, but yet companies are available [to deal in bitcoin] - is contradictory. It makes me believe you don't know for sure what the legal status of Bitcoin is in India.
As such, i'll offer some research for you.
Finance minister Arun Jaitley, in his budget speech on 1 February 2018, stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India for criminal uses. He reiterated that India does not recognise them as legal tender and will instead encourage blockchain technology in payment systems.
"The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system," Jaitley said.
In early 2018 India's central bank the Reserve Bank of India announced a ban on the sale or purchase of cryptocurrency.
Legality of Bitcoin in IndiaOwning Bitcoin remains legal in India, transacting in Bitcoin...particularly the buy or sale is illegal. But this ban really only influences companies from conducting such activities within India's borders. It can't prevent you from buying Bitcoin from a market located outside of India...the infrastructure of Bitcoin's network makes it possible for you.
Governments can outlaw that which they don't understand, that which scares them.
For a long time in the history of humans it was illegal to practice a religion, illegal for anyone to own property, illegal for certain people to vote or even live free. Were those good decisions? No. Don't let the flaws of Government get in your way, after all, they're only human!