A large percentage of Indians, around 80%, have access to banking services, whereas a sizable minority, around 40%, bet online. If you count yourself among them, you presumably have a bank account. Using a bank transfer casino makes it simple to move money back and forth between your bank and your preferred online gambling institution. One of the most common and trusted ways to fund your online casino account in India is with a bank wire transfer, often known as net banking. If you’re looking for the top online casinos that allow bank transfers, you’ve come to the right place.
A variety of online casinos accept bank wire transfers as a form of payment. The casino accepts direct bank transfers for funding player accounts. That’s how simple it is. There’s no need to set up any other electronic wallets. Adding funds to your online casino account from your bank account is legal and safe. Since this is so convenient, many Indians rely on it. It may take some time to locate a reliable casino that accepts bank transfers and has a wide variety of games that can be played without worry. You’ll typically need to enter your bank details when making a bank transfer payment. If you want to avoid having your banking information stolen, you should play at a casino that only accepts bank transfers for payments.
Play At A Bank Transfer Casino In India
Wire transfers are among the most traditional banking techniques. With a bank transfer, neither your bank nor the casino needs to be involved in the transaction in any way, unlike with modern e-Wallets. After all, “banking” in its very name implies that this is an efficient means of financial transaction. However, why is a wire transfer such a popular method of Indian casino deposit?
Well, wire transfers are as safe as it gets. Indian banks oversee these dealings, so there’s minimal room for fraud or other illegal activity. Extensive controls, on the other hand, take a lot of effort. Wire transfers take a little extra time because of this.
Although, Indian players appreciate the convenience of wire transfers. Transferring rupees to and from a gambling site is a breeze. Signing up with the finest casino sites is a must if you want to get the most out of your online gambling experience in India.
Learn about the best online casinos in India with the help of our comprehensive reviews. So, make sure to check out this section before you start writing. Doing so may qualify you for exclusive bonuses and promotions at top Indian online casinos.
What Makes Bank Transfer The Best Banking Method For Online Gambling?
Bank transfers offer a wide variety of advantages. In a way, that’s also why this banking method still works in the competitive globe of online gambling. Many players choose to stick with established solutions over trying out new payment processors. Below are a few of the most notable aspects of Indian wire transfers.
Security And Stability
It has already been mentioned that bank transfers are reviewed thoroughly before being given the green light. That’s right; the banks will be checking your every move. Thus, wire transfers are one of the most secure banking options for Indian gamblers. Bank transfers are the most secure way to send or receive rupees, even though they cannot guarantee complete anonymity. No alternative payment solution provides the same level of government-backed security.
Every casino fanatic’s worst enemies are the fees and commissions associated with gambling. They can consume a sizable portion of your budget, leaving you less money to wager on games of chance. On the other hand, wire transfers are a cheap banking option that can save you money. The “set fees,” which might help you estimate how much money you’ll spend on a transaction, are the key. In contrast to commissions based on a percentage, the costs of wire transfers are set by bank policies.
Quickness and Simplicity in Operation
One of their advantages is the ease with which bank transfers may be made. Because really, what’s more simple than just typing in your account number and the amount you want to send? It’s as simple as it gets. Wire transfers are the preferred banking option for many inexperienced players at Indian casinos. Despite this, seasoned gamers often opt for this payment method because of its simplicity. Opening a bank account and making wire transfers in India is simple.
Expert gamblers often employ wire transfers because they may set very high betting limits. This means that this payment method can deposit big sums of money. In what ways does this matter greatly? High rollers have trouble funding accounts because other options have smaller limits. Moreover, with most other approaches, a fee is deducted from the total. However, bank transfers have consistent costs. Because of this, many high-stakes gamers prefer to fund their Indian online casino accounts with wire transfers.
Bank Transfer Casino Guide
Before placing your first bet at a casino that accepts bank transfers, you need to know exactly what you’re doing. We’ll walk you through each step to ensure you understand how to play at a bank transfer casino.
Opening Bank Account
A bank account that allows for bank transfers is the most important need for playing on these sites. Only those who already have a bank account can use the online bank transfer.
You can open a bank account online or at a bank.
Bank accounts can be opened online, although the process can take up to 48 hours from when the application is submitted. Additionally, be prepared to supply any additional information your bank may need. If you prefer the recognised method of making online casino deposits, a bank transfer will be set up for you quickly. Nonetheless, a trip to the bank and some patients waiting on hold are in order.
Remember that you will need to present valid identification either in person or by uploading a photo or scan of the original.
Bank Transfer Deposit
Once you’ve signed up for an online casino and established a bank transfer gaming account, you may make your initial deposit. Adding funds by wire transfer is standard at most online gambling establishments.
Typically, events unfold as follows:
- To check your account, launch the casino’s website and sign in.
- Navigate to the cashier area. Send money using a bank transfer.
- Type in the amount you want to deposit. It must meet or exceed the minimum requirement.
- Deposit the money.
- Authorise the purchase using a token, SMS with a code, or mobile banking app on your phone.
The majority of banks won’t impose any payment limits, so you can transfer any amount of money, no matter how little or how much. However, it is common practice for online casinos to restrict players to a minimum and maximum deposit amount. You can locate these on the online casino website. That’s it! Now you may start playing!
You should prepare to cash out at some point. After all, the whole point of bank transfer casinos is to have a good time while potentially increasing your bankroll. Your deposit and bonus funds must be wagered several times before you can request a withdrawal.
Are you up to date on that? Okay, then, let’s move forward!
- Open the casino site and log in.
- Go to your bank’s website and use the withdrawal option.
- Select the bank wire option.
- Type in your bank account information.
- Enter the bank transfer cashout amount.
- Just hang tight until the cash comes in.
Unfortunately, bank transfer fees cannot be avoided. Players should be aware of two types of fees while making deposits and withdrawals.
- Bank transfer casinos have no control over the fees imposed by your financial institution. They are frequently used in global transactions, particularly when you are the recipient (withdrawing). Therefore, it’s beneficial for there to be a casino that accepts Indian currency and has a local bank account.
- Casino-bank transfers have higher fees since they require more time and effort from staff than any other financial transaction. Withdrawals are typically charged a fee, although bank transfer deposits are free. Before deciding on a casino, it’s a good idea to compare the fees offered by different casino sites.
Minimum Deposit and Withdrawals
There are often no minimums for wire transfers at most banks. Nevertheless, it is advisable to avoid making minimum transactions, especially when costs are involved. The casino, however, will almost certainly impose a minimum deposit requirement, which will be the same as any other payment method.
Withdrawal limits at casinos that only accept bank transfers tend to be greater than those for other payment methods. Sometimes they are twice as much, and sometimes they can go as high as the sky. That’s why it’s smart to make sure you can afford the casino before you commit.
Additional Factors to Consider
There is typically a waiting period for withdrawals at casinos that accept bank transfers, as is the case with most others. The approval of the payment may take up to three days. Afterwards, the funds could take 5 or 7 business days to reach your account. Wire transfers aren’t the quickest payment option, but that’s to be expected.
Despite this, they have an advantage that no other approach does: insurance. This method of sending money has been used for generations and is backed by trustworthy companies. Every one of them is covered by insurance, so you can get your money back if anything goes wrong with the transaction. Although the bank’s policies may place restrictions on who and when can claim a refund and make the process painfully slow, the bank puts its clients first.
Bank Transfer Casinos for Indian Players
You should look for a casino that accepts bank transfers if you are a high roller who likes to make big deposits and has big withdraw funds. Casinos that accept bank transfers in India are scarce, but the ones that do exist are worth mentioning because they accommodate larger deposits and withdrawals in Indian rupees.
Spin Casino is one of the bank transfer casinos popular with Indian players, and it holds licences from the Malta Gaming Authority and the Kahnawake Gaming Commission. Click on their website to sign up for Spin Casino if you’re interested in doing the same. Spin Casino offers its customers an incredible selection of games to pick from and is operated by the Palace Group, a well-known company also recognised for operating other casinos.
Jackpot City Casino
It’s no secret that many gamblers have chosen to play at Jackpot City Casino because it has been operating for a long time and is truly an amazing bank transfer casino. Jackpot City Casino is one of the casinos that every gambling fan will want to try out because of the fantastic collection of table games, promos, and gorgeous loyalty programme. Click on their website and give Jackpot City Casino a shot to see whether it’s right for you. Considering Microgaming is Jackpot City’s primary game provider, it’s safe to assume all games are completely fair and entertaining.
Royal Panda Casino
Established in 2014, Royal Panda is an online casino. And it’s been a household name in the gambling world for a long time. If you’re looking for a reputable online casino site that accepts bank transfers, look no further than Royal Panda. All Indian gamblers can gamble with complete peace of mind at Royal Panda since the site is fully licensed and regulated.
BankTransfer Customer service
Since some Indian banks may refuse to process casino transactions, it is important to be able to contact the bank directly. Players will need to contact the service provided by their own bank if they require assistance with a bank transfer, as there is no universal service available. To make things easier, most banks in India provide multiple ways to get in touch with them and staff members who speak multiple Indian languages.