Netbanking Casinos

In addition to catching the attention of players via exciting bonus promotions, virtual casinos also tend to expand their lists of accepted banking options. That way, players can be certain that they can handle their gaming accounts with ease and fully enjoy their time playing online. While some payment solutions cater to residents of different countries, others are focusing only on users of a specific country. Netbanking is one of those services, catering to Indians who wish to conduct fast, easy, and safe payments.

Netbanking was founded in 2016 by the National Payment Corporation of India (NCPI), with the service quickly becoming extremely popular among people in India. The method is also widely used as a deposit and withdrawal solution at several online casinos catering to Indian players.

Over 100 banks in India support Netbanking payments, with several different procedures being offered by various banks in India. This method enables casino fans to quickly fund their gaming accounts and handle all of their payments in a hassle-free and secure manner.

Using Netbanking for Gambling Transactions

Utilizing Netbanking for your casino deposits will be a hassle-free task, enabling you to safely handle your payments. To be able to use this type of service, you must first have an account at one of the Indian banks that support Netbanking payments. Fortunately, the service has joined forces with some of the biggest banking institutions in India so the chances of your bank supporting Netbanking payments are pretty high.

You can head to your bank and have one of the bankers help you download and install the Netbanking app on your mobile device. The next step is to link your app to your bank account, with different banks using different methods for authentication.

Once you have set up your Netbanking, you can head to the virtual casino of your choice and open the Deposit page. Pick Netbanking from the available payment methods and select the amount you would like to upload to your casino account. The next step is to choose your bank and log into your online banking account. You can be sure that your banking details will be exposed to the online casino or any other third party as the Netbanking system will act as a mediator between your bank account and the casino.

After you log into your online banking account, you just need to confirm the transaction and the money will appear in your gaming balance within the next 30 minutes. As you can see, deposits via Netbanking take just a few steps to be completed.

Many online casinos will also allow their patrons to use Netbanking for their withdrawals. The payment process during withdrawals is similar to depositing via the service. All you need to do is head to the withdrawal page and select Netbanking from the supported payment solutions. Enter the amount you would like to cash out and proceed with logging into your online banking account. Once you confirm the transaction, your withdrawal request will be sent to the virtual casino. It usually takes up to 48 hours for online casinos to approve withdrawals, after which, players receive their money in no time.

Just like the depositing process, Netbanking withdrawals will not allow any third party to have access to your online banking information. This will make your casino withdrawals extra secure and you will be able to enjoy your winnings in no time.

Advantages and Disadvantages of Using Netbanking as a Payment Method

Using the service of Netbanking for your online casino payments can have its good and not-so-good parts. If you want to make sure that you will benefit from using this solution for your casino transactions, we will help you compare all of the advantages and disadvantages of Netbanking.

If you decide to fund your casino account via Netbanking, you will be able to handle your payments in a very secure manner. Since the service acts as a mediator between your casino balance and your bank account, you are not required to expose any sensitive information to the casino during your payments.

Since Netbanking is working with most of the biggest banks in India, the majority of Indian players will most likely be able to make use of the service of Netbanking. Being implemented in the payment systems of numerous banks, Netbanking allows numerous players to enjoy easy and secure casino payments.

Since Netbanking is offering a mobile app, one could easily manage their payments on the go and keep a track of all of their transactions. The app can be installed by any banker in your banking institution, allowing you to be on top of your Netbanking payments at any time.

Netbanking Pros and Cons

Pros

Cons

Supports both deposits and withdrawals

Available only to Indian players

Service offered by numerous major Indian banks

Deposits are not instant

Most banks offer dedictaed Netbanking apps

Not all casinos catering to Indian players support the method

Service impose low or no fees

Fees for Netbanking Gambling Transactions

No matter the payment solution you utilize for your casino deposits and withdrawals, it is always important to evaluate the real cost of using a certain banking method. No one wants to spend extra money on fees rather than simply depositing or withdrawing the amount they have intended originally.

The good thing about payments processed through the system of Netbanking is that they will either impose very low or no fees. Most interactive casinos tend to apply no surcharges on deposits and withdrawals carried out via Netbanking. That said, it is possible for some gaming websites to impose a fee on payments via Netbanking, with rates rarely exceeding 2.5%.

There also might be some fees imposed on the behalf of your bank if you are using Netbanking for your casino transactions. Of course, the rate of these fees depends on the policy of your own banking institution. It is also possible that Indian players might be charged a fee for an international transfer if the casino they play at is registered in a country outside India. Yet again, the rate of the international transfer fee will depend on the policy of your bank.

Processing Time with Netbanking

If you have set up your Netbanking and have linked it with your online banking account, you will be able to use the service for your casino payments. If you decide to top up your gaming account via Netbanking, you must keep in mind that this is not the fastest way to deposit into your casino balance. That said, you will still be able to make pretty fast casino deposits via Netbanking.

After you confirm your deposit through the service of Netbanking, it will take several minutes for your money to appear in your casino balance. Typically, the process takes up to 30 minutes but it may be even shorter. However, if you are used to instant transactions, Netbanking may not be the best payment option for you.

Most online casinos will also allow you to withdraw your winnings via Netbanking. You should keep in mind, however, that withdrawals are slower than deposits as the casino must first approve your cashout request. The time it will take for your Netbanking withdrawal to be accepted depends on the casino itself, with most gaming websites taking up to 48 hours to approve withdrawals. After the pending time is over, your money will be transferred to your bank account within the next 48 to 72 hours.

When it comes to the speed of transactions, there are definitely options that offer faster deposits and withdrawals. Despite that, Netbanking is still used by many Indian players as it offers secure and hassle-free casino payments.

Mobile Payments

If you enjoy playing on the mobile version of your favorite casino, you should not worry about handling your payments on the go. Mobile payments via the service of Netbanking are just as smooth as they are on your PC. To make casino transactions on the go even more convenient, almost every bank will offer its own Netbanking dedicated app that one can install on their mobile device.

If you do not feel like the most tech-savvy person, you can simply visit your bank and ask one of the bankers to help you install the Netbanking app of your respective bank. The banker will also help you link your online banking account with the app so you can easily handle your payments on the go and keep a track of your transactions through the app.

If you are playing at a mobile casino, you will have no issue initiating deposits or withdrawals via Netbanking. The entire payment process will be conducted the same way as it would on any desktop device. If you see the Netbanking option among the supported payment options at the mobile casino, simply choose the method for your payment.

Enter the amount you would like to deposit or withdraw and you will be redirected to a page asking you to log into your online banking account. This step might also directly load your Netbanking app, asking you to log into your account to confirm the transaction. Depending on the specific features your bank’s Netbanking app supports, you might even enable additional security options when you log into your online banking account.

Once you confirm the Netbanking transaction, your money will be handled the same way as it would when you deposit to or withdraw from the web-based version of a casino. Even if you handle your payments via your mobile device, you can still be certain that your money will be handled with the utmost care, utilizing industry-standard security tools.

Security at Netbanking Online Casinos

One of the reasons why many Indian players prefer to use Netbanking for their casino payments is the safety that the method provides. While some options may require players to provide their card or bank account details to the casino, Netbanking is helping you bypass the risk of exposing any sensitive information. During payments, you are redirected to a page asking you to log into your online banking account, with all your details being encrypted so no unauthorized parties can get access to your banking information.

Since you are handling your casino transactions via the Netbanking system of the bank you know and trust, you can be sure that your money is always properly protected. In addition to technology like SSL encryption, most major banks are also utilizing firewalls, protected servers, and other tools to shield both your personal information and money.

Of course, no protection system is 100% bulletproof so you will need to be careful when choosing the online casino where you play. Make sure the website is licensed by reliable authorities and it is conducting fair and safe gambling.

Using Netbanking for their casino payments, players are required to log into their online banking accounts. Depending on the security features supported both by their mobile devices and their banks, players might be able to access their online banking accounts via special security features. Options like Face ID, fingerprint scans, or special PINs can often be used to access one’s online banking account. Such features make it difficult for anyone else but you to confirm your casino payments via Netbanking.