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Our extensive IMPS review will cover all the essential features of this payment method. Check out the pros and cons of using IMPS at an online casino in India. Learn if this payment mechanism can help you make quick deposits and withdrawals.
Our extensive IMPS review will cover all the essential features of this payment method. Check out the pros and cons of using IMPS at an online casino in India. Learn if this payment mechanism can help you make quick deposits and withdrawals.
Online casinos come in all shapes and sizes, and the same applies to bank methods as well. For that reason, it is crucial to pick a safe casino as well as a reliable payment system. When it comes to the Indian gambling market, IMPS is one of the most popular banking services.
But what makes IMPS so attractive?
For starters, this payment service is a government-backed project. To clarify, the National Payment Corporation of India (NPCI) facilitates the transactions through the IMPS framework. Since IMPS is a form of mobile banking, Indianf players can easily make money transfers with the use of their smartphones.
Sounds complicated? Don’t worry. It’s not.
Either way, we will guide you through the process of using IMPS in an Indian online casino step by step. By doing so, you will learn everything there is to know about the Immediate Payment Service.
At the same time, we can provide you with insider information on all the best online casinos in India. So, make sure to take a peek at the list of the top Indian online casinos and find the one that best suits your playing style. An abundance of colorful slots and rewarding table games will await you at these virtual gambling venues.
In essence, the Immediate Payment Service is an innovative mechanism that can offer instant transfers. Also, IMPS can provide a range of exciting qualities. For that reason, this banking method is a perfect match for online casinos in India.
With that said, it’s time to take a look at the most important benefits of using IMPS at an online gambling website.
We already said that IMPS in India is a form of mobile banking, but there is much more than meets the eye with the payment gateway. For instance, the speed of transactions with the Immediate Payment Service is on a remarkable level. In other words, your rupees will appear in the casino account in a fraction of a second! The sooner you get the money, the sooner you can start spinning the reels and looking for ways to hit that life-changing jackpot.
At the same time, IMPS can offer the highest standards when it comes to the protection of the client’s funds. A range of safety protocols covers every corner, and every IMPS transaction goes through several levels of control. Identity theft or fraud is not possible with IMPS. Since users do not have to share their bank account details with the casino, this banking method also offers anonymity and privacy.
IMPS is “made in India,” which means that you can transfer Indian rupees without the need to make conversions of currency. As we all know, pesky conversion fees can take a big bite out of the bankroll. However, these costs are inevitable unless you decide to use a banking method like IMPS. By doing so, you will save a lot of money for playing online games at some of the best casinos in India. Sounds like a fair deal?
One of the biggest advantages of using IMPS is the availability of this service. Believe it or not, the Immediate Payment Service in India is available 24/7, all year round! Yes, you read that right! IMPS will allow you to make deposits even on bank holidays or weekends. With IMPS, you can send and receive money whenever you want. Of course, this unique feature is unmatched by any other payment service in the gambling industry in India.
In the early days, the Immediate Payment Service acted as a pilot project. After a while, IMPS became so popular that the Reserve Bank of India had no choice but to release it to the general public. As they say, the rest is history.
Nowadays, almost every renowned bank in India is a member of the IMPS network. So, you can go to Axis Bank, Bank of India, or ICICI Bank to file a request for IMPS payments. To register for the service, you will need any one of these three things:
New users will have to enter the details when prompted. After that, you will be ready to send and receive instant transfers through IMPS.
But before you could deposit at an online casino in India, it is necessary to connect your IMPS account with the casino. To do so, head over to the Banking section on the website. Some casinos call this area the Cashier section. Either way, look for IMPS at the list of available options and select it.
And that’s it! You can now deposit and withdraw cash from an Indian online casino. So, let’s focus on these elements next.
Unlike most other banking methods in Indian casinos, IMPS is not a global brand. You cannot use it outside India. Nonetheless, IMPS is well-established in the Indian subcontinent. And, the majority of online casinos accept this payment service. Of course, the casinos from our list are the cream of the crop, so consider signing up with one of them. After all, they can offer the best gaming experience, as well as the best bonus offers and promotions.
In any case, once you find a suitable casino, you will need to deposit some rupees to start playing for real money. This is how you can do that. Now, we will show you how to cash out any winnings you may acquire while playing games of chance.
As the name implies, the Immediate Payment Service in India offers instantaneous deposits. Therefore, you can fund your casino account in a flash if you decide to use IMPS. All you need to do is enter the amount you wish to deposit as well as the MMID number. This 7-digit number is a unique ID number, and every beneficiary has one.
The minimum amount you can deposit with IMPS is 1 rupee. On the other hand, the daily limit for transactions with this payment mechanism is two lakhs. Also, we should note that IMPS will charge a commission for the transactions. But the fees are super-low, and they will not take a big chunk out of your bankroll.
One of the advantages of cashing out with IMPS is that there are no conversion fees. Since IMPS supports INR, you can avoid unnecessary costs. However, the waiting period for withdrawals can extend up to 24 hours. As a rule of thumb, IMPS transactions are lightning-fast, but transfers from gambling websites tend to entail more scrutiny.
The policy on withdrawal limits is similar to the deposits. But Indian online casinos may impose their limitations as well. So, check with the casino operator before you attempt to cash out any winnings.
IMPS is all about modern technologies and mobile devices. In other words, this payment gateway was designed with mobile devices in mind. And yet, there is no unified IMPS mobile app that you can use.
Instead, users can make transactions through their casino app. As we know, every casino in India will provide its clients with a mobile application. So, look on the casino website for the link to download and install the app. After that, you can connect the Immediate Payment Service as a payment method. The bottom line is that IMPS is mobile-compatible, and you can make deposits on the go.
In total, more than 240 banks and financial institutions are a part of the IMPS network. Consequently, they are all in charge of assisting users that might have problems with the functionality of the service. So, if you ever need help with a particular issue, the first stop should be your local bank in India. Luckily, the majority of banks provide several means of communication that you can use to contact the representatives.
More often than not, connectivity issues will cause problems with the transactions. With a little bit of patience, the problem may even disappear on its own. Likewise, Indian players can often solve certain problems by contacting the casino. In most cases, Indian gambling establishments will offer a range of methods you can use to reach out to the support.
We already mentioned that the Immediate Payment Service in India started as an alliance of four central banks. The official launch of the new payment system took place in November 2010 and Smt. Shyamala Gopinath was the one to present IMPS to the Indian public.
Soon after, many other banks decided to join the project. After all, it’s worth mentioning that IMPS was maintained by RBI (Reserve Bank of India). This new payment mechanism was a national objective, and the government couldn’t afford to see it fail.
Despite harsh competition from NEFT and RTGS, the Immediate Payment Service managed to grow and thrive. Today, 243 banks and financial institutions are members of the infrastructure.
According to the statistics, IMPS facilitates as many as 200 million transactions per month. The average value of monthly transfers with this payment method is around 200 billion dollars!
Without a doubt, IMPS is one of the most reliable banking methods for Indian residents. Casino players can also benefit from the use of this service. Among other things, IMPS can offer real-time transactions and excellent convenience. The efficiency of this method is among the best in the business, and the same applies to safety as well. So, Indian casino players should make the most out of the Immediate Payment Service without any fears or hesitations.
Yes, the majority of online casinos in India will accept payments coming from IMPS. However, make sure to check with the casino before signing up.
Yes, the Immediate Payment Service provides excellent benefits to Indian residents who want to play online games of chance.
Even though online gambling in India is not fully legalized, IMPS is a legitimate banking method. After all, the RBI is in charge of this payment system.
Many casino websites in India can provide players with top-notch gaming experience. However, the best casino websites that we could find are BetWinner and Royal Panda.
The Immediate Payment Service comes as a part of the package when you apply for mobile services with your Indian bank. So, you need a bank account fist to be able to use IMPS.
IMPS is a two-way system, which means that you can receive funds as well. Just go to the Cashier section and select IMPS as the preferred method for cashing out the winnings.
Yes, IMPS will accept transactions only from regulated and licensed online casino establishments.
Yes, IMPS will charge a commission for its services. But the costs are small and almost insignificant, so players don’t need to worry about this element.
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