Making a deposit using a local bank is a common way for many bettors to top up their sportsbook account. Learn how the process works and discover the best NetBanking betting sites today. For more details about NetBanking, read our review on the following:
- Background of NetBanking Betting Sites
- How to deposit and withdraw your funds on Betting Sites that accept NetBanking
- Security features of NetBanking sportsbook payments
NetBanking Betting Sites
- Weekly sports bonus
- Cash races
- Bitcoin bonuses
With the rise of NetBanking, our life is much more convenient for anyone that requires banking services. Undoubtedly, online banking has become simpler and smoother over the past two decades. After all, it is now possible to conduct virtually all your banking business. Basically without ever once needing to waste time standing in a bank queue. NetBanking betting sites are part of this welcome trend. Sportsbooks are happy to work together with India’s banks to offer seamless transactions.
What Are the Best NetBanking Betting Sites?
You find the best NetBanking betting sites in our list above. For sure, it is clear what makes for the best. Essentially, what empowers them is what makes for great online betting in general. The offering needs to be attractive with an easy to use website. It is vital that there is a wide selection of games, from casino classics to slots. In addition, there must be a comprehensive sportsbook for betting on all kinds of sporting events, games and tournaments. Moreover, players will expect rewarding bonuses and promotions. Furthermore, the site shall be safe and secure. Of course, what is essential is that their payment options include NetBanking.
How To Choose the Right NetBanking Betting Site
Making the final decision on the best net banking betting site is a very individual matter. Although for best results the wise gamer considers criteria such as those we list above. However, it requires the desire and ability to log on and do some extensive research.
Of course, this is not so difficult. After all, we live in the age of the search engine. However, there are reputable sites such as this one, which do their own research and publish their own lists. The key to good research is comparing different sets of data. Just as consumer sites urge shoppers to shop around for the best deal, Indian bettors also need a few different opinions. The very best NetBanking betting sites will consistently come out on top.
About NetBanking Betting Sites
NetBanking is a new addition to the growing number of payment options available for Indian punters. It is available to pay for products and services online. In addition, it 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. Albeit in one of the common 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 most common Indian banks that allow NetBanking are Bank of India, Federal Bank, ICICI Bank, Union Bank of India, and HSBC, among others.
To use this payment method, Indian players need to register an account. Normally using a phone number on which you connect to a bank account. Once you register at NetBanking betting sites, you will use the phone number and the bank account to pay for products or to top up player accounts. NetBanking uses a One-Time Password (OTP) to secure each transaction online.
What Is NetBanking?
There is no single function of NetBanking. For some customers it may be as simple as using a banking website to check their balance. Conversely, for others such as Net Banking betting sites, it is a convenient and safe way to transfer funds. There are also a number of specialist forms of e-banking that are common across the Indian business sector.
The most popular is a National Electronic Funds Transfer (NEFT), which is a fancy way of saying payment system. Using a NEFT, people and businesses can transfer monies from any bank account to any other. Although they need to be part of the virtual banking scheme. Generally, this is the form of NetBanking that gamers encounter most often on NetBanking betting sites. A little-known feature of NEFTs is that even customers without bank accounts can use it. Basically, they simply visit a branch and deposit cash. While leaving instructions for it to transfer to the destination account.
The Immediate Payment Service (IMPS) is similar to NEFT. However, conducted entirely via mobile phones. In addition, this can be even safer and faster than normal e-transfers.
Finally, there is Real Time Gross Settlement (RTGS) and the Electronic Clearing System (ECS). RTGS is for large business deals. Basically since it transfers funds continuously from payee to seller as fresh orders come in. ECS is an online way to pay regular household or business utility bills electronically.
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 we continuously review for safety and security. During the registration process, you need to supply your name, address, mobile number, and email. In addition, your account needs to be verified before you can use it and deposit funds for sports betting.
It is simplicity itself to use online banking. Indeed, its benefits are clear. However, it is also possible for the speed and power of NetBanking to be turned against its users. Especially by cybercriminals looking to intercept money and personal data. Although, anyone using NetBanking betting sites can rest assured that security is top-notch. Hence, it is user error that can let the hackers in.
To avoid making this mistake, it is important to stay alert. Gamblers should check their accounts every day to spot unusual activity. Furthermore, ensure to have multiple passwords for all different apps. Evidently, this prevents the hacking of one password becoming a disaster for all the victim’s accounts.
Finally, only use official apps for your Netbanking. Both banks and Net Banking betting sites offer their own apps for making transactions. For sure, these are reliably with high security.
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. Secondly, proceed to your account page, Cashier’ section and select ‘Deposit’ from the options available. Just follow the instructions on the page by providing your banking and personal details. In addition, type the amount you want to deposit. Lastly, approve this request to complete the process.
Deposits in betting sites that accept NetBanking are available within 24 hours. Furthermore, all deposits made on NetBanking betting sites are safe and protected. Certainly these sites are fully reviewed for safety and security.
Indian bettors at NetBanking betting sites enjoy the luxury of quick and easy deposits. Mostly thanks to electronic banking and the wonders of the internet. Before all this, all deposits had to take place physically at the bank branches, either by cheque or by actual bags of money.
Sadly we will never know what the biggest ever bank deposit was. Mainly due to banking confidentiality laws. However, we do know the largest amount ever paid by cheque. The year was 1995 and the sum was an incredible $3,971,821,324. The issuer was Nicholas Morris, boss of chemical giant Glaxo PLC, to Wellcome Trust Nominees Limited.
How To Withdraw on Betting Sites With NetBanking
The withdrawal process on sports betting sites that take NetBanking is equally simple and convenient. Especially, if you have previously used this banking method to make a deposit. In fact, you can easily identify this in the ‘Cashier’ section for withdrawal purposes. In addition, when you request a withdrawal, you will need to provide your bank details including the bank name, branch, account number. Furthermore, you need to type the rupee amount you want to withdraw. However, each sportsbook has its policy on processing times. Although, most NetBanking betting sites completing your withdrawal request in 1 to 3 days.
When you are requesting funds for the first time, your process time might be slightly longer. This is due to the ‘Know Your Customer’ policy of NetBanking betting sites. In short, Indian players need to validate their accounts through the submission of ID and proof of billing. It is an industry regulatory procedure to protect players from fraud and prevent underage gambling. Although, this is only applicable to your first withdrawal.
When Indian gamblers have enough winnings, they are very pleased to make a withdrawal. Net Banking betting sites make this easy. Maybe you have the same fortune as Greek immigrant to the USA Archie Karas. He built up winnings worth $40 million over 30months at his favourite Las Vegas casinos. Despite only starting with$50 in his pocket. However, he burnt through it in just three weeks.
What Are the Benefits of Using NetBanking?
For visitors to NetBanking betting sites, the advantages of online banking are clear. Indeed, transferring funds is faster than many other payment methods. In addition, it is cheaper. NetBanking does not command the kind of large fees that often crop up. Furthermore, this method is highly secure. This thanks to the top levels of security that both banking sites and online casinos have in place.
Additionally, an often overlooked benefit is how much of NetBanking is possible via mobile phones and their various apps. With a mobile you can access your account wherever you are and move funds around. Additionally, with so many apps promising better money management, your mobile is the place where they all come together. In addition, with personal online banking on the move, there is also the option to sync this with other apps. For example as online betting apps. Furthermore, with some apps it is necessary to prove your ID before registering. However, even scanned documents can easily transfer.
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. In addition, always complemented by exciting promotions and bonuses. However, if you still want more information regarding the security policy of the bookmaker, you can directly contact the sportsbook’s customer support.
Indian gamblers feel reassured when they hear about all the security protocols in effect at Net Banking betting sites. This is vital to online gambling sites and their reputations. Evidently, if they can not keep their customers’ trust then they are in trouble. Indeed, we can rely on the best sites to offer the best security. Naturally, we take some of these features on trust, because we lack the technical knowledge. One of these is SSL. What is it?
SSL means “Secure Socket Layer” technology. This is a computer coding protocol in use to encrypt and thus hide customers’ personal data. Most often as it is transmitted to the gambling sites databases. Although SSL dates from 1995, the encryption itself is based on 19th century codes. In addition, SSL is so secure a form of protection that it is used across the entire internet. Indeed, it is certainly unbeatable as far as online gambling goes.
The only differences between sites using SSL encryption are differences in the amount of computer power devoted to it. For best results, a minimum of 128-bit SSL is desirable.
NetBanking Betting Sites FAQ
What are Net banking betting sites?
Net banking betting sites are websites that allow you to bet on sporting events or other activities using your banking account. You simply deposit money into the site and make your bets. Moreover, you receive a payout in the form of cash or a bonus when the event is over.
Which betting sites accept NetBanking?
You can now find a growing number of betting sites that accept NetBanking. In addition, 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.
How do I use NetBanking betting sites?
To use NetBanking betting sites, you first need to create an account. Once you have an account, you can deposit money into the site using your bank account. Then, you can make bets by clicking on the links that offer sports events or other activities. When the event is over, you will receive payment in either cash or a bonus.
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.
Are Net Banking betting sites legal?
Generally speaking, yes. These sites are legal throughout most of the world. However, some jurisdictions may restrict these sites somewhat. One example is by requiring users to operate within certain limits on wagers or through licensing requirements. In any case, it is always best to research any laws that may apply before making any bets.
Our NetBanking Betting Sites Conclusion
More excitingly for the gamers, it is likely that augmented reality (AR) and virtual reality (VR) technology will be playing more of a role. We already have virtual casinos online where players can bet on traditional casino games in a real-time environment. Hence, sitting alongside the avatars of other players. As AR moves to VR, we will likely see more dynamic reconstructions and ever-more fantastic scenarios.
Finally, mobile gaming will continue to become a more important part of online gambling. Basically as betting sites offer better apps. Furthermore, we will see mobiles with greater power and effortlessly able to create the full betting experience on their devices.
Paying for services using a bank account is a traditional way to complete transactions online. As of now, you can use the same facility to top up your sportsbook account or request funds. In addition, at sports bookmakers that accept NetBanking, you are provided with a convenient and safe way of transferring funds. Moreover, 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. For sure, you can not go wrong with this payment method.
With online gambling so well established across India now, it is safe to say it is here to stay. All trends are positive, from the increasing use of NetBanking betting sites to the exponentially growing number of sites itself.
The future is likely to involve even more sophisticated sites where cryptocurrencies will become a larger part of the payment process. Mainly due to their high security levels. Pick a sports betting site, and sign up today!