How to deposit with YES BANK?
Before we get started, we would like to remind you that under the Foreign Exchange Management Act of 1999, monetary transactions to certain foreign entities are illegal in India. Also, you should refer to point (25) of the terms of Service of YES BANK: “List of Restricted Categories for Merchants: [...] 14) Gaming/gambling which includes lottery tickets, sports bets, memberships/enrollment in online gambling”
In theory, it is possible to make deposits at online casinos with your YES BANK account. However, we strictly advise against it, as the bank might block your transaction and/or accounts. If you want to proceed regardless of the risk involved, you can use your YES BANK credit card at the cashier of almost any online casino. You simply haveve to specify the deposit amount, enter your card details, and confirm the transaction, just like you would do with any other online purchase. Alternatively, you can also send a wire transfer to the casino. All necessary details can be found at the cashier.
To avoid the risk of getting their bank account or cards blocked, many players from India switched to eWallets in recent years. You can find more about alternative solutions in the payments guides section here at GoodLuckMate.
How to withdraw to YES BANK?
Depending on your choice of deposit method, you can either cash out your funds directly to your YES BANK account or send the money to the credit card that has previously been used to deposit. Simply enter your account details and the amount you would like to withdraw. Then, confirm the transaction. In case you are using a credit card for the transaction, your card details will likely still be saved at the casino cashier. We would like to remind you of the risks that are involved once more when using Indian bank accounts at foreign-based online casinos.
Limits and fees
Most online casinos have certain limits for deposits and withdrawals via credit cards and wire transfers. How much that is varies from casino to casino. Therefore, it’s always worth checking out the cashier before getting started. Fees are only charged on rare occasions for transactions of this kind by the casino operators. Additionally, you have to consider your credit card and account limits that are imposed by your bank, as well as possible transaction fees on their end.
YES BANK bonus at online casinos
Many online casinos took note of India as one of the biggest emerging gambling markets in the world. It shouldn’t come as a surprise, then, that all of them want to get a foothold in the country's gambling industry before it’s too late. Due to fierce competition between the casino operators, they are forced to hand out incredibly lucrative bonus offers if they want to be relevant in the Indian gambling market. Players from India will be happy to hear that there are plenty of great promotions waiting for them. But we would like to mention one last time that it might be risky to use your YES BANK account to deposit at foreign-based online casinos.