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Making a deposit using a local bank is still a preferred way for many bettors to top-up their sportsbook account. Learn how the process works and discover the best NetBanking bookmakers today. For more details on this payment option, read our review on the following:
- Background of NetBanking
- Process on how to deposit and withdraw your funds
- Security features of NetBanking sportsbook payments
NetBanking is a new addition to the growing number of payment options available for Indian punters. It’s used to pay for products and services online and provides customers a fast and cheap way of completing money transactions. For your NetBanking transactions to work, you need to have an active bank account in one of the recognized Indian banks. Currently, more than 150 local banks in India allow this transaction method to pay for products and gambling services online. Some of the well-known Indian banks that allow NetBanking are Bank of India, Federal Bank, ICICI Bank, Union Bank of India, and HSBC, among others.
To use the service, customers need to register first using a phone number that’s connected to a bank account. Once confirmed, the registered phone number and the bank account can be used to pay for products or to top-up player accounts with NetBanking betting sites. NetBanking uses a One-Time Password (OTP) to secure each transaction made online.
How to Bet With NetBanking on Betting Sites
To play and bet on sports using NetBanking, you need to create an account on a reputable online sportsbook. You can use our list of recommended NetBanking sports betting sites that are continuously reviewed for safety and security. During the registration process, you need to supply your name, address, mobile number, and email. Your account should be verified before you can use it and deposit funds for sports betting.
How to Deposit on Betting Sites With NetBanking
Completing your deposits on NetBanking betting sites requires a few simple steps. Before you proceed, make sure you have an active bank account with funds to complete the transaction online. Using your user name and password, log in to your bookmaker account and proceed to your account page, Cashier’ section and select ‘Deposit’ from the options presented to you. Just follow the instructions indicated on the page by providing your banking and personal details and the amount you want to deposit. Just approve this request to complete the process.
Deposits in betting sites that accept NetBanking are credited within 24 hours. Furthermore, all deposits made on NetBanking betting sites are safe and protected since these are fully reviewed for safety and security.
How to Withdraw on Betting Sites With NetBanking
The withdrawal process on sports betting sites that take NetBanking is equally simple and convenient. If you have previously used this banking method to make a deposit, you can easily identify this in the ‘Cashier’ section for withdrawal purposes. When you request a withdrawal, you will be asked for your bank details including the bank name, branch, account number, and the amount you want to withdraw. Each sportsbook has its policy on processing times, with most NetBanking betting sites completing your withdrawal request in 1 to 3 days.
When you’re requesting funds for the first time, your wait might be slightly longer. This is due to the ‘Know Your Customer’ policy of NetBanking betting sites where punters need to validate their accounts through the submission of ID and proof of billing. It’s an industry regulatory procedure to protect players from fraud and prevent underage gambling. This is only applicable to your first withdrawal.
Are Bookmakers That Use NetBanking Safe?
All sports bookmakers that accept NetBanking are safe. When you select a site from our list of recommended sites, you can rely on a premium betting experience that’s complemented by exciting promotions and bonuses. If you still want more information regarding the security policy of the bookmaker, you can directly contact the sportsbook’s customer support.
Which betting sites accept NetBanking?
You can now find a growing number of betting sites that accept NetBanking and many of these are focused on the requirements of Indian punters. Check out our list of NetBanking betting sites for recommendations.
How do I use NetBanking on betting sites?
You need to have an active bank account with a local bank before you can deposit or withdraw using NetBanking. To request a payment, simply visit the site’s ‘Cashier’, choose NetBanking, and follow the instructions presented to you.
Why should I use NetBanking on betting sites?
With NetBanking, you can rely on a secure and reliable way of transferring funds. Also, most banks use an OTP to secure each transaction.
What are the best betting sites for NetBanking?
Most of the Indian sportsbooks today provide players NetBanking as one of their preferred payment options. Our list of the best NetBanking online sports betting sites includes the ones our experienced team has reviewed and verified.
Paying for services using one’s bank account is a traditional way to complete transactions online. Now, you can use the same facility to top-up your sportsbook account or request funds. At sports bookmakers that accept NetBanking, you are provided with a convenient and safe way of transferring funds. Completing a transaction requires a few simple steps and transactions are normally completed in 1 to 3 days. In terms of security, NetBanking uses a one-time password (OTP) to encrypt individual transactions. You can’t go wrong with this payment method, so pick a sports betting site, and sign up today!