Choosing a good betting site isn’t the only choice that a gambler has to make. They also have to find the right banking options to fund their betting account.
In the early days of betting, transferring money to an online betting site was extremely messy. The joys of betting used to get compromised due to the inconvenience caused to fund the transactions.
Times have changed and it is much easier and more convenient to move your funds in India using NetBanking.
Almost all betting sites now offer this option to fund your account – deposits as well as withdrawals.
What is NetBanking?
NetBanking is an easy method for bettors who want to use internet banking services for making payments from their bank account directly. Internet banking is a facility offered by banks and financial institutions to enable customers to use their banking services over the internet without any hassle.
With such a convenient payment method at hand, bettors can now make easy betting deposits and withdrawals.
So, how do you use NetBanking to deposit funds and then place bets? Don’t know? Well, that’s why we have compiled this article for you. We’ll walk you through the step-by-step procedures to deposit money on any betting site.
How to Deposit Money with NetBanking?
Open a NetBanking Account
For depositing through NetBanking, you need to have a bank account in India with a registered mobile number. However, having a bank account isn’t enough to access NetBanking. You have to ask the bank to activate NetBanking at the time of the account opening itself, or even later.
If you haven’t done it already, you can activate NetBanking using OTP and Debit Card details. Let’s find out how you can do that.
- Go to the Bank website and look for the registration page.
- Enter the registered mobile number and customer ID.
- Next, you will receive a code on the registered mobile number.
- Provide the OTP code in the respective place.
- When prompted, provide your debit card details.
- You will be asked to create a password for NetBanking.
- As soon as you are done creating the password or the PIN (in case of mobile banking), you can start using NetBanking to make online transactions.
The above is a generic process, the steps may differ slightly with your chosen bank. Once the NetBanking setup is successful, make sure you have a sufficient balance in your bank account as the NetBanking payment is an instant debit (charge) to your bank account.
Make a Deposit using NetBanking
You need to follow the below-mentioned steps to make a successful deposit.
- Log in to a betting site and go to the Banking or Cashier page.
- Choose NetBanking from the given list of payment methods. Make sure this webpage begins with ‘HTTPS’ so you know it’s secure.
- Now, choose your preferred bank from which you want to make the payment.
- Next, on the bank’s internet banking page, enter the customer ID and password.
- For each transaction, an OTP will be sent over to your registered mobile number.
- Once the payment is done, you will be taken back to the betting site. Your payment is now confirmed.
- Now that you have deposited the funds successfully, the amount will reflect instantly in your betting account. You may read the terms and conditions on the betting website or contact the site’s customer support in case you face any issues.
Once you perform the deposit, the ‘Upload files’ facility may appear and you may be asked to upload copies of identity documents for Account Verification purposes. This is an important KYC process that some websites follow especially for large deposits, and needs to be completed to enable withdrawals at a later date. It’s completely safe to share your ID and this step ensures that no one other than you is accessing your bank account.
If you are wondering how to use NetBanking for live betting, it is the same easy process.
In case you are depositing money for the first time, make sure you take advantage of the welcome bonuses offered by the betting site. You may be required to choose this before your first deposit, or soon after from the Promotions page.
But what happens when you want to make a withdrawal from the betting site? You might think it is complicated? Luckily for you, it is not.
Withdrawing money from a betting site through NetBanking is a pretty straightforward process too.
Let us find out how.
How to Withdraw Money using NetBanking?
So, you have some good winnings and want to withdraw money. This is the procedure you have to follow. Here we are assuming, that as required by the particular betting website, the KYC requirements are already met by you.
- Go to the Cashier page of the casino or betting site. Choose the preferred withdrawal option.
- Now, enter the amount you wish to withdraw.
- Provide your account details and click on ‘Withdraw’.
Most betting sites offer withdrawals directly through NetBanking. It may not be instant like a deposit, so do read the time required for executing the request (usually it’s within 24 hours). What’s even better is most of the betting sites don’t charge any fees for an online banking method.
It is now time for you to learn about the best NetBanking betting sites that offer online banking methods.
NetBanking Betting Sites
10CRIC: At this site, you can make fast deposits and withdrawals through NetBanking. You can bet on cricket games and other sports. And not to forget the casino section of 10CRIC, which is being constantly updated with new games to please Indian players.
Betway: This is a great betting site to choose from if you want to deposit using NetBanking and love to bet on sports.
Dafabet: It is a popular betting site in Asia that focuses mainly on a variety of sports to bet on. Casino games are also present on the site. It accepts the NetBanking option from most major banks and funds are transferred quickly.
So what are you waiting for? Just choose NetBanking as your preferred deposit method and start betting on your favourite sports and casino games.
