Indians love gambling, and that’s a fact. The country has a long gambling heritage dating back to the British, and in modern times, the internet has made this activity available to even more players. Over the past couple of years, we’ve witnessed a staggering increase in the number of gamblers. According to available information, around 80% of people in India gamble at least once a year!
Being a gambler in India comes with its perks, and the most important one is the number of available payment methods they can use at online casinos. Bank transfer is an option widely used by local players, and one of the reliable financial institutions many turn to is ICICI Bank. In this review, we’re going to see why so many players put their trust in this bank.
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About ICICI Bank
ICICI Bank is a private bank headquartered in Mumbai, Maharashtra. It was founded in 1994 and has become one of the most prominent financial institutions in the country. ICIC Bank boasts a strong domestic presence, with nearly 5,300 branches and over 15,500 cash points across India. It’s also present in other countries, with subsidiaries in the UK and Canada and branches in Singapore, Hong Kong, Bahrain, Qatar, China, the UAE, Oman, South Africa, and the US. The bank provides a broad range of financial services and banking products for retail and corporate customers, including life and non-life insurance, asset management, and venture capital. As of 2020, ICICI Bank employs more than 97,000 people and has a 5% ownership interest in Yes Bank.
ICICI Bank Account
There are two requirements to use ICICI Bank internet banking for online gambling purposes. You’ll need Indian citizenship and have to open an account at this bank. We recommend opening an account in one of the bank’s physical branches. There’s also the option to open it online, although you’ll have to visit a branch to put your signature on some documents.
Within a week or two after opening a bank account, you’ll receive a welcome package containing your account information and a customer number. The latter is essential, as it allows you to access internet banking features.
Visit the bank’s official website, press the Login button, and click on Register. It starts the registration process, where you’ll have to provide user information, choose a password, and enter the customer number you received earlier. The bank will complete the rest of the process, and it may take anywhere from a day to a week before you’ll be able to use your account for online banking. Once everything is done, you’ll get an email confirming the registration has been completed. Congratulations, you can use your ICICI Bank account for depositing at online casinos and withdrawing your winnings.
How to Deposit with ICICI Bank?
To deposit at your online casino, you’ll still need to have money in your bank account. Visit the nearest ICICI Bank branch to deposit money, or someone can send it directly to your account. With your account topped up, go to an online casino of your choice and register an account if you don’t have one. To add funds to your balance, go to the Cashier page, and pick online banking as your deposit option. After you submit the required information, click the Deposit button, and a new page will open. Enter your online banking credentials and confirm the payment. There you go! All that remains is to find the online live casino game you like.
How to Withdraw with ICICI Bank?
Cashing out with ICICI Bank is a straightforward process, which doesn’t differ much from depositing. If you wish to withdraw your winning, go to the online casino’s Cashier page and find the Withdraw option. Choose online banking from the list of available payment methods. Once again, you’ll have to enter your online banking details. Once the transaction is completed, your hard-earned casino winnings will be on the way to your ICICI Bank account.
Transfer Times, Fees, and Security
Depositing with ICICI Bank is fast, and the money should instantly arrive in your casino balance. That way, you can immediately focus on playing games. On the other hand, withdrawing your funds can take up some time, primarily due to the fact that online casinos include a processing period in the process. Once the casino approves your transaction, you won’t have to wait long to claim your winnings. The funds go straight to your bank account without any intermediaries.
Fees shouldn’t be a concern when dealing with ICICI Bank. The bank doesn’t impose any additional charges, although your casino might. We recommend checking the online casino’s charges for extra costs.
As one of India’s leading financial institutions, ICICI Bank offers its customers the highest level of security. The list of safety measures includes encryption and one-time passwords (OTP). ICICI Bank is regulated by the Reserve Bank of India, meaning the bank has to adhere to the security standard set by the country’s central bank. Choosing ICIC Bank for online gambling allows you to enjoy your gambling activities without any concerns for the safety of your funds.
In case you need any help, feel free to contact the bank’s customer support team via phone or use the site’s extensive FAQ page to look for answers. You can always visit a physical branch, and someone will provide the necessary help. The bank’s site features a virtual assistant, iPal, who’ll offer you his helping hand.