Gambling and games of chance are traditionally very popular in India. The rise of the internet and the growth of online gambling has seen this activity skyrocket among players in this country, particularly over the last couple of years. Today, nearly 80% of Indians gamble, and considering its population, it’s an impressive number.
With so many gambling options, it’s natural that Indians have a wide range of payment methods they can use at online casinos. The country’s financial industry is constantly developing new options and improving the existing ones, allowing customers to carry out transactions efficiently. One of the reliable payment methods frequently used by players in India is Axis Bank, which is why we wanted to take a closer look at all the benefits of using it for online gambling.
About Axis Bank
Axis Bank is one of the largest privately-owned banks in India, offering a broad spectrum of services. It boasts a sizeable domestic footprint, with more than 4,700 branches, nearly 11,000 cash points, and over 5,900 cash recyclers. In addition to India, Axis Bank operates in Singapore, the UAE, and Bangladesh and has a subsidiary in the UK. The bank was founded in 1993 as UTI Bank and changed its name to Axis Bank in 2007. It’s based in Mumbai, Maharashtra, and today employs over 78,000 people.
Since its inception, Axis Bank has won multiple awards, and on more than one occasion, it was named the Best Bank in the country. In 2017, Axis Bank acquired Freecharge, a popular digital wallet used by locals for all sorts of services, from paying utility bills and recharging their phone credit to online gambling.
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Axis Bank Account
First of all, we must mention that only residents of India can use the services of Axis Bank. You’ll need a bank account if you want to use it for online gambling purposes. Axis Bank provides modern and functional banking features, which will come in handy when you make online casino deposits and withdrawals. The best way to open a new account is by visiting one of the bank’s physical branches. You can also open a new account online, but you’ll still have to visit a branch to sign certain documents.
After opening an account, the bank will send a welcome package to your address containing the account details. Typically, you’ll receive this package within 1 or 2 weeks. The package includes a customer number, which you’ll use to enable the online banking features.
Go to the bank’s website, click the Login button, and then choose the Register option. The registration process requires the customer number you received in the welcome package. Enter the required user information and set up the password. After completing the process, you’ll receive a message that your online bank account is being created. It may take between 24 hours and seven days for the bank to complete the registration of your online bank account. Once it’s up and running, you’ll receive a confirmation email with your account details. You can now use your Axis Bank account for gambling online.
How to Deposit with Axis Bank?
Before depositing at an online casino, make sure you have money in your Axis Bank account. You’ll have to visit a local branch and make a physical deposit to add money to your bank account.
After that part is taken care of, visit your online casino, open the site’s Cashier page (or its equivalent), and choose online banking from the list of available payment methods. Provide the required information and press the Deposit button. A new page will be opened, where you’ll have to authorize the transaction. Enter your online banking details and confirm the payment. Funds should quickly appear in your online casino balance.
How to Withdraw with Axis Bank?
Withdrawing your casino winnings using Axis Bank online banking account functions pretty much the same. Visit your online casino site, open the Cashier page, and head to the Withdraw section. From the list of options, choose online banking, and provide the necessary information. Complete the transaction to send the money directly to your bank account.
Transfer Times, Fees, and Security
When depositing your money using Axis Bank online banking, the funds should immediately appear in the casino balance. It allows players to start enjoying their online casino games without any delay. However, cashing out is a different story, as online casinos often impose processing times. Luckily, after that, your winning should appear in your balance without any additional holdup.
In most cases, all deposits and withdrawals made with Axis Bank won’t include any additional fees, although we suggest whether your online casino has any hidden charges.
Axis bank pays particular attention to the safety of its customers and employs the same measures as other payment services. All transactions are encrypted, with one-time passwords providing an extra layer of protection. Since Axis Bank is regulated by the Reserve Bank of India (RBI), it has to comply with a strict set of rules for handling the funds of its clients. That’s why you can feel safe when using Axis Bank services online.
Unfortunately, problems sometimes happen, but it’s good to know that the Axis Bank customer support team is there to help you resolve any issue. There are plenty of options to help you in this case. You can visit the official site, browse the FAQ section, or use live chat options. You can contact the support team via phone or email or visit a physical branch.