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NetBanking – Payments at Online Casinos
Commonly used in India, NetBanking is also known as online banking and is a type of electronic bank transfer payment system. It’s more of a bridge between an online merchant and the user’s bank and users can transfer funds to make online payments. This payment method gained traction in India in 2016 and residents have been using it to pay taxes and making online payments in general. Online casinos are some of the merchants that have adopted this payment method, allowing Indian punters to deposit and withdraw funds without revealing too much banking information.
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More information about NetBanking – Payments at Online Casinos
To use NetBanking as your preferred deposit method, you must have a valid bank account that supports this option. Afterward, find an online gambling platform that accepts deposits via NetBanking. Create an account if you don’t have one already.
Next, log into your account, and under the main menu, click on the deposit option. This will open a page with the supported deposit methods. Choose NetBanking as your preferred deposit method. In the next field, enter the amount you wish to deposit and then select your bank.
This will then redirect you to the bank’s online banking portal. Login using your credentials to receive a mobile verification code. Enter the code to authorize the transaction. The funds should be available in your account in an instant, allowing you to start playing your favorite slots and table games.
Fortunately, you can withdraw your winnings using NetBanking. Since most casinos require players to use the same deposit method to withdraw funds, you should have trouble meeting this requirement. Once you are ready to cash out, head to the cashier and choose withdrawals. From the list of withdrawal methods listed, choose NetBanking.
Enter the amount you wish to cash out and fill in the necessary bank details. Confirm the details and then click on the withdraw button to authorize the transaction. Keep in mind, bank withdrawals take longer than eWallets. That’s because of the security period imposed by the casino as well as the banks. Therefore, you want to factor in this period when cashing out.
Often, the online gambling platform will be the entity to set the minimum and maximum deposit and withdrawal amounts. The terms and conditions or banking page will offer more information on the daily, weekly, and monthly transaction limits. Therefore, it’s crucial that you visit this page.
As for the fees involved, players may incur additional charges on deposits. This is on the bank’s side but these fees will vary from one bank to another. You can contact customer support to find out whether they charge any fees and how much that will set you back. With the online casino, players may incur additional costs on withdrawals. Again, consult your banking page for more information on the fees.
Online casinos in India are bound to have plenty of NetBanking bonuses and ongoing promotions. In that case, you need to choose a platform with the most appealing offers. Of course, as you do that, remember to read the terms and conditions to understand what is needed of the player to become eligible for the bonus.
Some casinos offer welcome bonuses to players who deposit funds using NetBanking. These offers often come as packages that include a cash bonus and free spins spread over the first few deposits. You can also come across a no-deposit bonus. As the name suggests, you don’t need to deposit funds to claim the bonus. Creating an account is enough.
Existing players also have quite an array of goodies to choose from. For slot lovers, look out for free spins, reload bonuses will take care of the repeat customers, while cashbacks will provide a soft landing for players on a losing streak.