Hi.
There are so many options out there like paypal recurring billing (using the API or just simple checkout).
And here is one good payment gateway very simple to integrate but it's quite expensive if you ask me. http://chargify.com/
Couple of things according to my research.
* Paypal recurring comes with only PayPalPro account. Will PayPro account work with Indian Bank Account?* As far as I understand chargify is not a payment gateway. Correct me if I am wrong.