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NetBanking in Indian Casinos
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Considering India has some pretty complicated online gambling regulations, players prefer joining global online casinos that offer them access. These are all-encompassing sites, which make sure to offer Indian players the best payment solutions for their deposits and withdrawals, among which the top choice is always NetBanking. This is one of the most convenient payment solutions in India, offered across most if not all, Indian online casinos. It is also one of the most frequently used methods in the country and users trust it with their money for their everyday transactions. That's why its popularity across sites that cater to Indian players is unrivaled. If you wish to try it out yourself, make sure you continue reading to find out all about it and its use across the online gambling industry. What is NetBanking and why decide to use it as your payment method at an Indian online casino?
Online Gambling Regulation in India
To understand the gambling scene in India, you must first be introduced to the country’s organization. So, the country is a federal republic, governed by federal laws, but also has 27 states, meaning that state laws apply, too, for every single aspect. When it comes to gambling, the federal law bans all land-based gambling forms. Introduced ages ago, in 1867, this is an old ban that was toughly enforced back when India was under British rule, and anyone caught gambling or operating a gambling facility would go to jail or pay a hefty fine.
Now, the Public Gambling Act was open to interpretation after the internet appeared and gambling went online. Since it was put into effect when the internet was not even a concept, it certainly did not exist, and the law was never amended, nor new laws were introduced, the government assumed people would still interpret it as a ban on all forms of gambling, online gambling included. But Indian citizens decided to look the other way and find the ban as a legal loophole to gamble online since no mentions of online gambling were in it.
Add to that the fact that states were allowed to have a say in it, and individually introduce online gambling regulations if they wanted to. Many did, like Sikkim, permitted some verticals. Sikkim introduced its Online Gaming Regulation Act in 2008 and allowed all citizens who reside within the state's borders to gamble online freely, without worrying about the federal ban. However many states decided to stick with the ban.
So, the question remained whether citizens of states with banned gambling should or should not access online casinos. Even though the federal government introduced measures to limit players' access to illegal gambling sites, by blocking their IPs, Indian players are still finding ways to gamble online. And taking advantage of the legal loophole, they never worry about getting prosecuted for gambling online and continue joining international online casinos.
In fact, Indians are some of the most frequent players across global casinos and are quite well accommodated across these sites, too. Operators catering to Indian players go above and beyond to welcome them across their sites and give them plenty of Indian-local payment methods to use to feel right at home. Since it is a well-known fact that transactions with popular credit cards like VISA and MasterCard somehow fail for Indian players, operators make sure they give them access to a popular local payment solution, NetBanking.
You will find this solution across every second if not every single, online casino that accepts Indian players. That's because this is one of the leading payment solutions in India, used by its citizens on a daily basis, for all kinds of purchases and payments online. The fact that it is incredibly easy to use and allows for transactions in the local currency is what makes it among the top payment choices for Indian players across global casinos, so stay with us to learn more about it and how to use it to make the smoothest deposits and withdrawals in Indian rupees across the many casinos that offer it.
Using NetBanking Across Indian Online Casinos
There was a time when Indian citizens were in dire need of an easy-to-use and convenient payment solution for online transactions. That's when the National Payment Corporation of India or NPCI for short, decided to launch a pilot study with major Indian banks to try out a new online banking system and see how it went with users. In 2016, after a successful test run, NetBanking premiered, providing Indian users with exactly what its name suggests, an online banking service.
From the moment NPCI launched it, NetBanking was a huge hit with users. Considering how hard it was for them to transact online in the lack of modern services and functionalities provided by the banks. All of the users' problems were solved with it, and overnight, they had the possibility to make smooth payments and purchases over the internet. The solution itself gives users the chance to make effortless EFTs (electronic funds transfers). That means that it is the bridge that connects users with top Indian banks, allowing them to make effortless transactions to and from all kinds of eCommerce sites.
When it comes to the banks that support the service, we can mention Bank of India, Punjab National Bank, IndusInd Bank, State Bank of India, HDFC Bank, Bank of Baroda, and ICICI Bank. This means that you probably already have an account with at least one of them, but even in the off-chance you don't, opening one would be extremely easy. Just take a walk outside and around the corner of your street you will find at least one branch of any of these banks, as these are all leading Indian banks. Visit one branch and ask the desk clerk to open an account in your name, and give you your online banking credentials. You will need to provide some ID documents, but that would be it: in no time, you’ll have your online banking profile up and running and the NetBanking service at your disposal.
On that note, to start using this remarkable service, you won’t need to register any new accounts. You would just need to go to the eCommerce site you wish to pay at, select NetBanking as your payment method, and then enter your online banking profile with the credentials you got upon opening your bank account. With that, you’ll get instant access to the service, to use it for all kinds of payments and purchases online, including online casino deposits.
Speaking of, we already mentioned that NetBanking was a popular solution across Indian-catering sites, so you will certainly find many to explore in order to decide on the one to join. In fact, follow our lead, as in the next section, we’ll tell you all about the steps you need to take in order to start making deposits and withdrawals with it across the top Indian-facing online casinos that offer it.
Casinos for Players from India that Offer Netbanking
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Depositing and Withdrawing with NetBanking
Vegas Slot, Challenge Casino and Tusk are just some of the excellent online casino sites that cater to Indian players listed here at WoO, which accept NetBanking. You will still get over 60 sites to explore on our site, reviewed in detail by our expert team, so you can rest assured that you’ll get plenty of candidates to consider joining.
After you check out a few and decide on the one to ultimately join, make sure you register your player profile with it, by providing some basic personal details. From here, to make your first deposit with NetBanking, go through the following steps:
- Head over to your player profile and find the Banking/Payment Methods page.
- In it, look for a Deposit section and then locate NetBanking’s logo.
- Press it and a pop-up will appear, where you need to select your bank.
- Use your credentials to enter your online banking profile.
- Set the amount you want to have transferred to your casino balance.
- Confirm the transaction and you’ll see the funds arriving in a few minutes on your balance.
NetBanking is a perfectly good payment solution to use for withdrawals, but you should know right away that withdrawals with it won't be as near-instant as deposits are. In fact, the funds should arrive in a couple of days, but still, they'll certainly arrive in the safest way, so the solution is still one to consider using to cash out.
Just go through the same steps as described for depositing, and in step 5, set the amount you wish to cash out, and then wait for the casino's approval. The operator will take 24 to 48 hours to process your request and approve it, and once it does, you'll need to be patient and wait for the funds to successfully arrive in your bank account in a couple of days.
Conclusion
NetBanking is definitely one of the most preferred payment solutions among Indian players across international online casino sites. It is widely accessible, easy to use, and above all, safe, so it provides users with the smoothest deposits and withdrawals, really. That's the reason why it is so popular across online casinos targeting Indian players and why you should consider using it yourself.
FAQs
Is gambling online legally allowed in India?
No, not really. In fact, quite the contrary, gambling online is illegal in India, banned with an old federal law that forbids all forms of gambling, by default, online gambling, too. But some states have legalized some forms of gambling, and introduced their respective online gambling regulations, so if you’re from a state with legal online gambling, you’re free to join sites licensed to operate in your state.
Will I be prosecuted for joining an international online casino as an Indian player?
We haven’t come across any records of Indian players getting prosecuted for gambling online, and that’s maybe due to the legal loophole in the federal ban, which has no mentions of online gambling in it. Players are leveraging their position and joining international online casinos, without getting fined for it.
Will I find NetBanking across many online casinos targeting Indian players?
You certainly will. Only here at WoO, you will come across over 60 excellent online casinos that both target Indian players and cater to them in the best way possible, by offering NetBanking for deposits and withdrawals.
Who do I get in touch with in case I have any questions about NetBanking?
In case you wish to know more about how NetBanking works or you're experiencing some issues with the service, you can contact NPCI directly, your bank, or your online casino. Their Customer Support Service teams will assist you in the best way possible, so choose any of these three options and you'll get the assistance you need, for sure.
Will I need to pay any fees when using NetBanking across Indian online casinos?
NetBanking was launched by NPCI in hopes of facilitating online banking for Indians, but also to make it the most inexpensive, too. That's why no fees are charged when using the service on NPCI's part, but the banks involved in the process do charge basic transfer fees. If you wish to know more about the related fees, make sure you get in touch with your bank.