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Indian Rupee Guide for Online Betting

indian rupeesWhen it comes to placing bets online, few things make it easier for Indian players than to be able to deposit and withdraw in Indian Rupees. It is easier to deal in our native currency for several reasons, it is less confusing to use one currency from start to finish, and you will avoid exchange fees.

In addition, if you find a site that accepts Indian Rupees, there is a very good chance that they have a better understanding of Indian customers  and what we like to bet on, as well as the banking options we prefer to use.

There are only a few sites that accept Indian Rupee  directly and we are constantly on the watch for reputable sites that take them. You will find that Bet365 is our preferred rupee betting site. They offer the best all around betting experience with betting options for sports (including cricket, horse racing, football, and more), casino, and poker.  

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Royal Panda has taken the top spot for our online casino recommendations. They offer Indian Rupees along with the highest credit card acceptance rate for Visa deposits. Their game selection and quality of software can’t be beat, including a solid selection of live casino games, as well as traditional online formats. Their customer service is responsive and friendly.

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Bet365 is the most trusted Indian Rupee betting site around. They have a well established international reputation with a huge offering of betting options including sports, casino, poker and more!

BONUS: 15% up to Rs. 2500

Advantages of using INR

  • Simplicity of using native currently, not having to bother with conversions to figure out value.
  • Savings on conversion fees. In many cases there will be conversion fees involved with exchanging INR for other currencies. These can be encountered with your bank, credit card company, and ewallet. You will not have to pay these if you only use Indian rupees.

Depositing with Indian Rupees

e-Wallet (#1 Recommended) – For Indians, there is simply not a more dependable method to deposit and withdraw for online betting sites. E-wallets are essentially an online bank account, similar to PayPal. You can deposit money from your home bank to the ewallet and transact to and from betting sites.

The best part is that the records on your home bank account will simply show as a transaction with the e-wallet not the betting site.

It allows for a layer of privacy not offered by the other methods. There are some small fees associated with e-wallets, but for the convenience they offer, it is well worth it. The main drawback to an e-wallet is that the process of setting up the account can take a few days, mostly waiting on verification. The most popular e-wallet in India is Neteller. Others include Skrill (Moneybookers) and Entropay.

Note: when using e-wallets, you will be asked your currency preference when creating your account. Be sure to select Indian Rupees if you plan to mainly use sites that accept INR. Typically, this setting cannot be changed after the account is created.  

Credit and Debit Cards – Most sites accept credit card which is the easiest method for deposit when it is available. However, it is not very reliable for Indian players. This mainly has to do with the card issuer and limitations they impose for transactions with betting sites.

The only way to know if it works is to try to make a deposit. Although, even if it goes through one time does not mean it will go through the next. However, if using credit card is a must give fair warning that it can be very difficult to use.

Bankwire – This method is preferred for larger value players since they have high fixed fees. However, it can be hard to use bankwires from India for reasons similar to difficulties using credit and debit cards. Also, most e-wallets provide the ability to make equally large transactions. Leaving no clear advantage for using Bankwires.

Our section  on how to deposit from India  talks more about the different types of methods used in India to make deposits and withdrawals online.

Withdrawing with Indian Rupees

e-Wallet – Withdrawing in India is best when using an e-wallet. Because of this, it is typically best to use an ewallet for both transactions (deposit and withdraw). See our section above on e-wallets to learn more about why we recommend it. Neteller is available for withdrawal at all trusted Indian betting sites.

Credit and Debit Cards – If you made a deposit to the site using a debit/credit card, some sites allow you to  withdraw with this method, but it can be even more difficult than depositing. In most cases for Indians, your issuer will reject the transaction.

Bankwire  – This is similar to credit cards in that, while it is technically available to Indians, its success rate varies. Also, you tend to encounter high fees from banks for using it.

*Visit the Withdrawal methods used online in India to find more information.