Indian Net Banking Casino Payment Solution

Table of Contents

History

Indian Net Banking, often referred to as Internet Banking or Online Banking, is a significant development in India’s financial landscape, transforming traditional banking practices. This revolutionary service was first introduced in India in the late 1990s, with ICICI Bank leading the charge, setting the stage for a new era in banking. However, the 2106 demonetisation move by the government has played a crucial role in the popularity of the method and its availability.

Fast forward to today, nearly every major bank in India, including the State Bank of India (SBI), HDFC Bank, Axis Bank, and Punjab National Bank (PNB), supports net banking. This widespread adoption has enabled customers across the country to carry out various banking transactions, from funds transfers to bill payments, from the comfort of their homes.

Indian Net Banking logo
One of the defining features of Indian Net Banking is its convenience. It is available round the clock, allowing customers to conduct banking operations at any time, without the constraints of bank working hours. This has made it an appealing payment option for online industries, such as the iGaming sector, where convenience and speed of transactions are paramount.

Indian Net Banking typically supports transactions in the Indian Rupee (INR), aligning with the domestic focus of the service. Over the years, it has incorporated advancements such as two-factor authentication and end-to-end encryption to enhance security, further elevating its appeal to users and industries that require secure payment solutions.

The journey of Indian Net Banking reflects an ongoing commitment to leverage technology for banking convenience. Its features and widespread acceptance within the Indian market make it a prime choice for online casinos looking to engage with the Indian audience. Through aggregators like SoftGamings, casino operators can seamlessly integrate Indian Net Banking, offering their players a familiar and trusted payment method.

Pros and Cons

Indian Net Banking has its ups and downs. Let’s delve into both to get an idea of how valuable adding Indian Net Banking into your casino can be.

Pros

  • Accepted by all major Indian banks
  • Transactions based on Rupees
  • Safe and regulated method
  • Works for both deposits and withdrawals

Cons

  • Fees

How to Use Indian Net Banking in Online Casinos

Indians are familiar with the use of INB for their daily transactions, including funds transfer
applying for a new cheque book or paying taxes, utility bills, insurance premiums, etc. Here’s how Indian Net Banking casino payments work:
  1. Select Indian Net Banking as your payment method — From the list of available payment methods, select Indian Net Banking.
  2. Enter deposit amount — Input the amount you wish to deposit into your casino account.
  3. Select your bank —You’ll be redirected to a new page where you can select your bank from the list of banks available, including HDFC Bank, SBI, Bank of India, and many more.
  4. Log in to your bank account — You’ll then need to log into your online banking account using your credentials.
  5. Confirm transaction — Review the details of the transaction and confirm it. Your bank might require an additional layer of authentication to complete the transaction.
  6. Completion — Upon successful transaction, you will be redirected back to the casino site, and the deposited amount will reflect in your casino account.
Withdrawals work much in the same way, with the difference being in the processing times which are usually between 2 and 7 business days.

Regions

Indian Net Banking is confined to the borders of India, as it is a local payment method that works solely for players who hold bank accounts in Indian banks.

Payment Methods

As a direct bank transfer, Indian Net Banking operates as an online banking payment gateway that speeds up remittances between casinos and local banks.

Customer Support

Indian Net Banking is a system that is overseen by the banks that handle the transactions, so players can always reach out to their respective banks in case of an emergency or if any issues pop up.

Security

Bank-grade encryption levels have become a standard in the financial sector. In addition to SSL encryption, banks in India use 3D secure, 2FA, and many other protection systems to ensure absolute safety.

Licenses

Indian Net Banking transfers are handled by respective Indian banks, all of which are licensed and regulated by The Reserve Bank of India, chief regulator of the country’s banking system.

FAQ

What are the main features of Indian Net Banking for online casinos?

Indian Net Banking offers round-the-clock availability, allowing players to conduct transactions at any time. It supports transactions in Indian Rupee (INR) and incorporates robust security measures, including two-factor authentication and end-to-end encryption, ensuring secure transactions.

Which banks support Indian Net Banking?

Nearly every major bank in India supports net banking. This includes but is not limited to, the State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank, and Punjab National Bank (PNB).

How can players use Indian Net Banking in online casinos?

Players need to select Indian Net Banking as their preferred payment method in the casino’s deposit section, enter the desired amount, select their bank, and log into their online banking account to confirm the transaction. The deposited amount will reflect in the casino account upon successful transaction.

How secure is Indian Net Banking for online casino transactions?

Indian Net Banking employs advanced security measures, such as two-factor authentication and end-to-end encryption, to ensure the safety and confidentiality of player data and transactions.

You can purchase this product from SoftGamings by contacting our consultants.

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