Online Banking Betting Sites in India
A complete guide to help you deposit money in your online betting account using Online Banking
Deposit money on online betting sites with Net Banking
Online banking, or Net Banking, is a convenient way of making online payments without the need to go to a bank. Simply put, it is a way to carry out any financial transaction online by using a mobile device or a laptop computer to access your bank account. NetBanking has made it hassle-free and easy for Indian punters to deposit money on betting sites so that they can place an online bet.
All online betting sites offer Net Banking as a payment option to deposit money into your account.
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What is NetBanking?
Online banking or Net Banking is a service that banks offer to their customers which allows them to access their banking transactions digitally, thus eliminating the need to visit the bank in person. Customers can access all their banking needs from a mobile phone or laptop and make payments in an instant while keeping track of their funds.
Deposit with Online Banking
Pros ✔️
- It saves time from waiting at banks.
- Instant processing time for deposits at betting sites
- Allows withdrawal from betting sites
- Secure and protected using high-level encryption protocols
Cons ❌
- Needs an internet connection for transactions.
- Keep changing passwords for security.
Why use Online Banking in India?
Online banking is popular in India with sports betting fans as it is a fast and safe way to deposit money into your betting account. It is especially a boon for punters who do not have a credit or debit card, as it only requires you to have a bank account to make an online deposit at an online bookie.
Online banking in India is also very safe as the banks use secure SSL/128-bit encryption security to keep you safe from fraudsters and cybercrime.
| Features | Net Banking |
| Min Deposit at a betting site | ₹200 |
| Security | Password protected |
| Transaction Fee | 2.5% |
| Speed of Payment | Instant |
| App | Yes, IOs and Android apps of banks |
| Currency | INR |
How do I deposit with Net Banking?
Before you can use NetBanking to add funds to your online betting account, you need to first activate your online banking account.
Registering for Online Banking
Almost all Indian banks give access to online banking to customers when they open a bank account at the bank. However, even if you have an account, it does not necessarily mean that you have net banking access. Until you can use NetBanking, you will not be able to do any online financial transactions. If you do not have access to NetBanking, we will help you activate it.
NetBanking activation through a branch of a bank
- Visit your bank’s nearest branch and submit the Internet Banking Application form along with a few required documents for KYC.
- The documents that are required are your Aadhar card, bank passbook, Pan card, etc.
- Post verification of the application form and documents, the bank will issue a customer ID and password to use for NetBanking.
NetBanking Activation Online
Customers can also register for NetBanking online directly from the bank’s website or by downloading the app.
- On the banks’ homepage, click on the login or register button
- You will need to fill in the user id. If you do not have a user id, you can enter your registered phone number and the bank will send it to you. Alternatively, you can also use your registered number to log in to your Net Banking account.
- Once you have put in the user id or registered mobile number, the bank will send a message with a one-time password or OTP required for login.
- After you have entered the OTP, you can easily access your account at the bank
Sign-up at an Online Betting Site
- Create an account at an online betting site that accepts NetBanking Before you can place a bet, you need to create an account, which takes about 2-3 minutes.
- After you have logged into your account, you can deposit money in your wallet.
Depositing at an online betting site with NetBanking
Once you have set up NetBanking, the next step is to deposit money into your betting account.
- Log into your online betting account
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- Click on the deposit button
- Choose NetBanking as the desired method of depositing money
- Enter the amount you want to deposit.
- Once you have filled in the amount, the operator site will direct you to your bank’s site, where you can use your registered mobile number to log in.
- You will receive an OTP for verification. After you verify your account, confirm the amount you want to deposit.
- The money is instantly reflected in your betting account and now you are ready to place a bet.
Withdrawing from Online betting sites using NetBanking
When you have made a killing on a bet and want to withdraw your winnings, you can use NetBanking to transfer your winnings back to your bank. However, the process of withdrawal is not as easy as depositing as it requires a bit more documentation.
- NetBanking betting sites require the completion of the Know Your Customer KYC process before they will let you withdraw any money from your betting account. This will require some documentation for ID verification and address verification. Only after the operator has done the verification will you be able to withdraw your winnings. This process could take a few days to complete.
- Once your KYC is approved, you can head over to your betting account and select the withdraw option.
- Choose the amount and enter your bank details. You may not be able to withdraw all your money at one time, as most Net Banking betting sites have a maximum limit on withdrawing funds.
- The time it takes for money to move from your betting account to your account could range between 1 to 3 working days.
NetBanking Betting Sites’ Welcome Bonus
When you deposit money on an online betting site using NetBanking, you can automatically claim the welcome bonus that is being offered. Most sportsbooks offer up to a 100% deposit bonus, so if you deposit ₹20,000 using NetBanking, you can also claim a ₹20,000 welcome bonus on your first deposit.
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FAQs
Yes, online banking is safe as they follow strict security protocols. That is why it is used by Indian bettors to deposit money into their sportsbook accounts.
Yes, all the best online betting sites have the option of using NetBanking as a payment method.
While the betting sites do not levy a charge, the bank does charge 2.5% to transfer funds from the bank to the betting account