Bank Transfer Betting Sites in India

Best Bank Transfer Betting Sites

Bollybet

PERFECT for Casual Players!

  • Easy to sign up and play
  • Fast Paytm Withdrawals
  • Exciting Bollywood theme
10CRIC

The BEST Betting Site in India!

  • Cricket & kabaddi betting
  • Fast Paytm Withdrawals
  • Local Indian Brand
Pure Win

The BEST ODDS in India!

  • Amazing odds on cricket
  • 5 hour Paytm withdrawals
  • Focused on Indian players
Betway

The SAFEST Betting Site in the World!

  • Focused on cricket for the Indian market
  • Fast withdrawals with rupees
  • Live streaming of matches
22Bet

Paytm Withdrawals in 15 MINUTES!

  • Fast withdrawals with cryptocurrency
  • Great 24/7 customer support
  • Huge range of sports to bet on
MostBet

Paytm Withdrawals in 3 HOURS!

  • Fast Paytm Withdrawals
  • Good odds on cricket
  • 24/7 customer support
Casumo

A New Site with GREAT Odds!

  • Accepts Indian payment methods
  • Good selection of sports
  • Amazing website design
Parimatch

E-Wallet Withdrawals in 1 HOUR!

  • Accepts Indian payment methods
  • Good selection of sports
  • Amazing customer support

Bank Transfers for Betting Transactions

According to reports, in 2018, over 80% of the population in India have a bank account. Bank transfers have been the most traditional method for transferring money from one source to the other.

What’s more, some online bettings sites even allow you to use it as a withdrawal method now!

In the previous decade, with the technology boom, there has been a surge in other forms of payments which includes e-wallets. The number of users of these e-wallets has seen a gradual increase year after year. By choosing a third-party payment option like Neteller or Skrill, without a bank account to route the payment to, withdrawals or payments cannot be made.

However, ‘old school’ payment and withdrawal options was a bank account and your debit card which enabled you to make payments. Similarly, sports betting operators are offering bank transfers as a mode for any payments or withdrawals to be made by the user.

The major question is, will bank transfers stand the test of time as a withdrawal or payment method. Even though it isn’t primarily used in the West, it is still predominant in many countries, India included.

Bollybet

PERFECT for Casual Players!

  • Easy to sign up and play
  • Fast Paytm Withdrawals
  • Exciting Bollywood theme
10CRIC

The BEST Betting Site in India!

  • Cricket & kabaddi betting
  • Fast Paytm Withdrawals
  • Local Indian Brand
Pure Win

The BEST ODDS in India!

  • Amazing odds on cricket
  • 5 hour Paytm withdrawals
  • Focused on Indian players

How does a Bank Transfer Work?

Bank transfers are used for both deposits and withdrawals. When you first sign up to a sports betting website, you will need to add your bank account details. Once the account number is verified and authenticated, only then you will be able to deposit or withdraw money.

Sports betting operators have worked to make the process of a bank transfer more streamlined and faster. With the help of the latest technology, bank transfers have become quicker and safer.

The procedure which is involved to enable bank transfers to make deposits and withdrawals is quite a lengthy one. It involved setting up your account on the website operator. Once the account is authenticated, you will also have to set up the betting operator as a payee. This can be done at the bank branch, or more commonly, online.

Payments and withdrawals can only be made once your bank details have been set up and authenticated in the betting website. Not only so, but your bank will also have to be informed about the addition of a payee. In India, it can get tricky to add a betting website as a payee in your net banking account. Hence, it is advised to proceed with caution.

Deposits

In a time where technology makes everything simpler and faster, making a deposit to your betting account is straightforward. Once your bank account is linked to your betting account, you can select your bank account to make any number of deposits you wish to.

The steps to follow in order to make a deposit are:

  • Click on the ‘deposit’ option on the betting operator website.
  • Select the option of ‘bank transfer’.
  • Enter your bank details, IFSC code, SWIFT Code (if required) and amount.
  • Once you do, you will receive an OTP or a PIN that needs to be entered to authenticate your identity.
  • Enter the OTP and then confirm your transaction.

Withdrawals

This is where it gets a bit tricky. Bank transfer is a mode of withdrawal as well. If you wish to withdraw the money in your betting account, you can opt for a bank transfer. However, it is important to know that withdrawals made with this method can take up to 10 working days. It depends on the website, as well as, on the bank.

If you have deposited money with a bank transfer, then the withdrawals will also be done with a bank transfer as well. Apart from this, to withdraw your winnings with a bank transfer, the banks charge a small fee which is a small percentage of the withdrawal amount.

The fee which will be levied by the bank will be displayed on your screen at the time of withdrawal. Hence, you will have to keep some money in your betting account to cover the cost of the fee.

Bollybet

PERFECT for Casual Players!

  • Easy to sign up and play
  • Fast Paytm Withdrawals
  • Exciting Bollywood theme
10CRIC

The BEST Betting Site in India!

  • Cricket & kabaddi betting
  • Fast Paytm Withdrawals
  • Local Indian Brand
Pure Win

The BEST ODDS in India!

  • Amazing odds on cricket
  • 5 hour Paytm withdrawals
  • Focused on Indian players

Advantages of a Bank Transfer

The advantages of bank transfers as a mode of payment and withdrawal are that it is widely accepted. Even though a bank transfer is a traditional method, it is accepted by more than 90% of the sportsbook operators today, including the operators in India.

Security

One of the major advantages of a bank transfer is that it is secure. The two major parties involved in this transaction are the bank and the operator. Hence, they take the necessary steps to ensure that the transaction and its details are completely secure.

Fees

There are many e-wallets and other payment methods that charge a fee for both deposits and withdrawals. However, banks charge a minimal transaction fee and only for withdrawals.

Disadvantages of a Bank Transfer

When people in the betting world think of a bank transfer, more than the positives, only one disadvantage comes to mind, time.

Time

Even though there are only two parties involved in this transaction, bank transfers can take up to 10 working days for the money to reflect in your bank account. In case of an emergency, this is a major disadvantage. However, 10 working days is the upper limit. Depending on the bank and betting operator, the money can reflect in your account much earlier.

Minimum deposit amount

Unlike e-wallets, bank transfers require a minimum deposit amount for them to process the transaction. Betting operators add a higher minimum deposit amount as the process of a bank transfer is not as automated as an e-wallet transaction.

Bollybet

PERFECT for Casual Players!

  • Easy to sign up and play
  • Fast Paytm Withdrawals
  • Exciting Bollywood theme
10CRIC

The BEST Betting Site in India!

  • Cricket & kabaddi betting
  • Fast Paytm Withdrawals
  • Local Indian Brand
Pure Win

The BEST ODDS in India!

  • Amazing odds on cricket
  • 5 hour Paytm withdrawals
  • Focused on Indian players
Betway

The SAFEST Betting Site in the World!

  • Focused on cricket for the Indian market
  • Fast withdrawals with rupees
  • Live streaming of matches
22Bet

Paytm Withdrawals in 15 MINUTES!

  • Fast withdrawals with cryptocurrency
  • Great 24/7 customer support
  • Huge range of sports to bet on
MostBet

Paytm Withdrawals in 3 HOURS!

  • Fast Paytm Withdrawals
  • Good odds on cricket
  • 24/7 customer support
Casumo

A New Site with GREAT Odds!

  • Accepts Indian payment methods
  • Good selection of sports
  • Amazing website design
Parimatch

E-Wallet Withdrawals in 1 HOUR!

  • Accepts Indian payment methods
  • Good selection of sports
  • Amazing customer support