Deposit Money on a Betting Site with Online Banking

In this guide, you will learn how to deposit money on a betting site using online banking in India!

Online Banking in India

In the earlier days, the deposit and withdrawal processes tied to online betting were extremely messy.

The joy of the whole betting experience was compromised because of the inconvenience that Indian players faced while transacting. Nowadays, it is much easier and much more labor-free to move your money around.

The number of betting sites that accept online bank deposits in India is increasing

Online banking is an easy way for Indian players to deposit money into their betting accounts. A lot of betting sites now have the added option to use internet banking services to make payments from their bank account to their betting account.

Internet banking, net banking or online banking is a facility that financial institutions and banks offer that allows customers to use banking services easily over the internet.

With such trouble-free payment methods, Indian players now have the ability to make super-easy betting deposits!

So how do you go about using net banking to enjoy placing bets, you ask? Say no more! We will take you through it step-by-step.

This article is carefully put together to walk you through the whole procedure of using online banking for deposits and withdrawals on a betting site.

We will go over all the things you need to know to make this experience pain-free for you, and that includes:

  • Pros and Cons of online banking for betting
  • How to set up internet banking with a bank account
  • How to deposit on a betting site with online banking
  • How to withdraw from a betting site with online banking

So without further ado, let’s dive right in and up your betting experience hereafter!

Owlie online banking india

Betting sites that accept online bank transfer

Rank Bonus Turnover Min odds 
1

No Welcome Bonus Available

Turnover: No requirements

Lowest odds:

ClaimGo to website

Please note: Bodog is no longer operating in India. Please find an alternative betting site.

2

100% Up To ₹10,000 + Money Back on First Lost Bet
Special IPL Bonus: Applies to all IPL matches

Turnover: 17x bonus amount

Lowest odds: 1.75

ClaimGo to website
3

100% Up to ₹8,000

Turnover: 8x bonus amount

Lowest odds: 1.75

ClaimGo to website

18+, MGA license number MGA/B2C/130/2006, begambleaware.org, bettheresponsibleway.

4

Free Bet Up To ₹5,000

Turnover: No requirements

Lowest odds:

ClaimGo to website
5

Get Boosted Odds Daily!

Turnover: No requirements

Lowest odds:

ClaimGo to website
6

100% Up To ₹10,000 + 20 Free Spins

Turnover: 12x bonus amount

Lowest odds: 1.60

ClaimGo to website
7

100% Up To ₹10,000

Turnover: 35x bonus amount

Lowest odds:

ClaimGo to website

Pros & Cons of Depositing with Online Banking

Pros ✅

  • All your banking services are done online, so you can transfer funds whenever you want to without having to wait for the banks to open.
  • Customers need not go to their banks’ physical locations to carry out their banking needs or write cheques or stand in long queues anymore.
  • There is NO minimum or maximum deposit limit on your betting site, unless the betting site specifically mentions that clause
  • There is NO transfer fees involved when you deposit money into your betting account
  • Processing time is instant, and you can see your deposited money in your betting account immediately

Cons ❌

  • Since fund transfers happen online, you have to always rely on an internet connection to carry forward all your banking transactions
  • If the banks’ servers are down or are facing technical difficulties, you will not be able to access the net banking option for depositing funds
  • Online banking is not a widely accepted method of payment in betting sites, so it is not always the most available deposit option. This limits the bookmakers you can choose from if online banking deposits is your top priority
  • Withdrawal from a betting account into your bank account using internet banking methods can have variable processing times that depend on several other factors

FAQ About Online Banking

Many of our Indian readers have come forward with questions about how to make a betting deposit with online banking. Here, we seek to answer some of the most frequent questions we have received!

🏦 What is Online Banking?

Online Banking (Also known as Netbanking or internet banking) is the concept of transferring money between bank accounts online.

It allows ordinary Indians like you and me to conduct simple, cheap and instant transactions with other people and businesses.

In this guide, we will show you how to make a deposit on a betting site using online banking in India. If you’re ready to learn more, then click here!

💲 Is it expensive to deposit on a betting site with online banking?

Nope, not expensive at all - actually it’s free!

Betting sites do not charge any fees for receiving online bank transfers.

However, your bank may charge you a maintenance fee to keep the online banking features. Some banks do, other banks do not.

🏧 Can I withdraw money from a betting site with online banking?

Yes, withdrawing money from a betting site is easy with online banking

The withdrawal process may take slightly longer than the deposit process because the bank needs to verify the funds and credit them to your account. You can usually expect a processing time of up to 24 hours.

Click here to learn more about how to withdraw with online banking.

🕓 How long does it take to deposit on a bookmaker with online banking?

It takes roughly 5 minutes!

The only time it takes to deposit money on a betting site with online banking is the time it takes you to fill in your banking details.

After confirming your transaction, the money will be instantly available in your betting account!

📜 Is it legal to make an online bank transfer to a betting site?

Yes, certainly it is legal.

There are no laws restricting an Indian person from making an online bank transfer to a betting site with an account in India.

There are certain currency laws preventing Indians from sending too much money to companies or entities outside of India. However, when using an online bank transfer, you will not be sending money abroad.

As such, you do not need to worry about breaking any laws when depositing money on a betting site with online banking.

Click here to learn more about the legality of online betting in India.

🏆 Why is online banking better than other deposit methods?

Online banking is a great deposit method, because it enables Indian players to join a betting site and get started on the exciting hobby of online betting.

Anyone can open a bank account, and anyone can deposit 1,000 rupees (or more) on a bank account to start betting online.

This is why online banking is better than other deposit methods such as Skrill, which is much more complicated to use.

🔒 Is it safe to deposit with online banking in India?

Yes, depositing via online bank transfer is absolutely safe.

The safety and the security of the online banking system is guaranteed by the Reserve Bank of India (RBI).

So you can feel certain that your money is in safe hands at all times!

💰 Do I get a welcome bonus when I deposit with Netbanking?

Yes, almost all betting sites will provide you with a welcome bonus when you make your first deposit with online banking.

Most betting sites will even double your first deposit!

That will give you a nice sum of money to start your betting journey.

So go ahead: sign up on a betting site that accepts online bank deposits today and claim your welcome bonus.

How to deposit with Online Banking

Step 1: Open an online banking account

In order to make a betting deposit with online banking, the first thing you will need is a bank account.

But just because you have a bank account doesn't mean that you can access the internet banking facilities.

You will need to set up online banking with your bank first before you can perform any transactions over the internet.

There are several modes of setting up an internet banking account. It can be done by visiting your bank, or even by mobile phone. But most of the time, the easiest way is to do it online by signing up on your bank's website.

The exact steps of setting up online banking will be different from bank to bank, But here are the rough steps you need to follow in order to get started:

How to register for online banking

  1. Go to your bank's website
  2. Find the NetBanking registration page on your bank’s website
  3. You will be prompted for your customer ID and your mobile number.
  4. The bank will now send a code to your registered phone number
  5. Enter the code in the box provided
  6. Enter your debit card information when prompted for it
  7. You will be asked to set up a PIN which is essentially your password for your internet banking account
  8. You can now log in to NetBanking using your customer ID and newly added PIN

Deposit money to your bank account

Now that you have online banking set up, the next thing to do is ensure that you have enough money in your bank account to make a deposit on a betting site.

If this is the first time you're making a deposit on a betting site, we recommend you deposit as much money as you can spare.

Most betting sites give a welcome bonus which increases according to how much you deposit. So if you can manage to deposit Rs. 10,000, the betting site will give you an additional Rs. 10,000, leaving you with a total of Rs. 20,000 to start betting.

If you need some money in your bank account you have 2 options:

  1. Go down to your local bank branch and deposit some cash to your account.
  2. Make a friend or family member transfer money to you and give them cash.

When you have the amount of money in your bank account that you need, you are ready to move on to the next step: deposit money on a betting site.

Step 2: Make a deposit on a betting site

Now that you have set up your online banking account, depositing funds to your betting account becomes super easy.

Depositing money on a betting site with online banking is still a very new concept, and so only a few betting sites accept this deposit method so far.

But more and more betting sites are beginning to accept Netbanking deposits every few months.

Here are the best betting sites in India that accept online bank deposits:

Betting sites that accept online bank transfer

  1. 100% Up to ₹8,000

  2. No Welcome Bonus Available

  3. 100% Up To ₹10,000 + Money Back on First Lost Bet
    Special IPL Bonus: Applies to all IPL matches

  4. Free Bet Up To ₹5,000

  5. Get Boosted Odds Daily!

  6. 100% Up To ₹10,000 + 20 Free Spins

  7. 100% Up To ₹10,000

To give you an example of what it's like to deposit on a betting site with online banking, let's take the example of Betway.

To deposit funds into your Betway betting account from your bank via internet banking, follow these easy steps:

  1. Log in to your Betway account
  2. Click on the "Bank" icon on the front page and you will see a list of deposit methods
  3. From the list of deposit options, choose Netbanking.
  4. Now, select your bank from the list of banks.
  5. You will then be taken to the bank’s login page where you will be asked to enter your customer ID and PIN.
  6. For your very first transaction, you will be prompted for a one-time password that will be sent as a message to you on your registered phone number. You can disable this feature for future transactions
  7. Once a secure connection has been established, you can confirm the deposit and the transaction will be completed.
    Betting deposit with bank transfer

    Congratulations. You have successfully made a deposit using online banking!

    You will see the amount you deposited instantly reflected in your Betway betting account.

    Even though this particular example talks about transacting with Betway, the deposit procedure is more or less the same for most of the betting sites that support internet banking methods for depositing funds.

    Step 3: Start betting

    Now that you have completed your online bank transfer and funded your betting account, it's time to get started doing what it's all about: start placing some bets!

    All betting sites found here on Mybetting.in provide an abundance of sports that you can bet on, including cricket, football, kabaddi, and horse racing.

    In addition, you will find tons of other gambling options like casino games, poker, online bingo, and much more.

    There's no need for boredom or procrastination. All the games you could possibly want are right in front of you.

    So what about when it comes time to withdraw money from the betting site. Is that difficult and expensive? No, quite the contrary. It's actually very straightforward. Let us tell you how:

    How to withdraw money from a betting site with online banking

    So you've won some cash and made some nice profits on cricket betting or at the roulette tables and now you want to make a withdrawal.

    Maybe you want to take your girlfriend to a fine dining restaurant. It's perfectly fine, we all deserve to enjoy the fruits of our labor.

    But how do you withdraw money from a betting site with online banking?

    Don't worry about it: it's actually really easy.

    Most betting sites provide free online banking withdrawals directly back to your bank account.

    The amount of time it takes for the withdrawal to reach your bank account is up to your bank. It will sometimes take up to 24 hours on a business day.

    Making withdrawals from a betting site with Netbanking is both safe and easy, so you don't have to worry about a thing next time you want to withdraw some of your profits.

    Get started today

    If you're ready to get started betting online today, then follow this guide and select one of the great betting sites that accept online banking deposits.

    Making a betting deposit is easy when you use online banking!

    So get started today - we can't wait for you to join us!

    Betting sites that accept online banking

    1. 100% Up to ₹8,000

    2. No Welcome Bonus Available

    3. 100% Up To ₹10,000 + Money Back on First Lost Bet
      Special IPL Bonus: Applies to all IPL matches

    4. Free Bet Up To ₹5,000

    5. Get Boosted Odds Daily!

    6. 100% Up To ₹10,000 + 20 Free Spins

    7. 100% Up To ₹10,000