Best UPI Casinos in India Guide 2021
UPI or Unified Payments Interface is a popular digital payment interface launched in India in 2016. It is used by mobile payment apps such as G Pay and Paytm. With UPI payments accepted at many online casinos UPI, it is a convenient and easy payment process that you can consider when you choose a betting site. 10CRIC is a major brand among UPI casinos.
Top 11 Best Online Casinos That Accept UPI
With UPI payments accepted by many online casinos in India, UPI is growing in popularity. Betway, 10CRIC, 22bet, Betwinner and ComeOn are the best known UPI casinos that have added UPI as an accepted payment mode.
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What is UPI And Why Use it?
UPI is short for Unified Payment Interface. You can use it for the immediate transfer of money between bank accounts using your smartphone. You can use supporting mobile apps to facilitate payments 24×7.
The NPCI (National Payments Corporation of India) was formed to streamline digital payment in India. The NPCI developed UPI in April 2016 as a one-stop payment solution whereby individual account holders can send and receive money using their smartphones with a UPI ID known as the Virtual Payment Address (VPA). Thus, UPI allows individuals to transfer funds between bank accounts without knowing the account number, the IFSC code etc.
UPI has become a popular payment mode for making deposits at online casino sites. There are many good reasons for using UPI as a payment mode at UPI casinos:
- UPI allows immediate transfer of money using mobile device 24x7x365
- UPI is a single mobile application that allows access to different bank accounts.
- VPA makes UPI a safe and secure payment method without the need to enter information such as account number, card number, IFSC code, etc
All major banks in India including SBI accept UPI.
Which Indian banks support UPI?
All major banks in India support UPI. Some of these are SBI, ICICI, Andhra Bank, Axis Bank, BOB, BOI, Bank of Maharashtra, Canara Bank, CBI, PNB, Union Bank of India, HSBC.
UPI vs IMPS: Are they the same?
IMPS is similar to UPI in that both digital payment systems need users to register before they can use them. But some differences make UPI a superior method. Setting up an account is easier and faster.
IMPS allows only push transactions (payments in one direction). UPI allows pull transactions, too (immediate reversal of payment on request). UPI has only one virtual ID linked to various bank accounts of a user whereas in IMPS there are different MMIDs for different bank accounts of a user. Moreover, the payment process in UPI is faster.
List of UPI Sites, Limits and Fees
In the following table, we list a few UPI sites and the limits and fees relating to UPI payments:
|Minimum UPI Deposit||₹1000||₹500||₹500|
|Maximum UPI Withdrawal Limit||No limit||No limit||₹200,000|
How to Deposit at Online Casino Using UPI?
Depositing funds at an online casino using UPI is involves a few easy and convenient steps:
- Sign into your account at the online UPI casino site or app
- Visit the deposits page and select UPI as the payment mode
- Enter your Virtual Payment Address when required
- Enter the amount you want to deposit (equal to or more than the minimum deposit amount allowed by the gambling site)
- Tap on the ‘Proceed to Pay’ tab
- Authenticate the transfer using your 6-digit UPI Pin
- Find the amount instantly deposited in your sportsbook account.
UPI Wallet signup
To sign up for a UPI wallet, take the following steps:
- Download the BHIM (Bharat Interface for Money) App on your iOS or Android device. (You can also use your web browser to make payments.)
- Choose verified and trust-worthy UPI Wallet
- Download your UPI Wallet
- Use your mobile number to link the app to your bank account. (This is the most important step in the set-up process.)
- Authenticate the linking by using an OTP (One Time Password) that you will be provided.
- Provide ‘Know Your Customer’ details
- Create a 6-digit pin to secure transactions
After this, your VPA will be generated, and you can go ahead and use UPI to make payments.
Google pay is one of the most popular UPI payment apps. Using Google pay, you can pay your bills; send funds to family and friends from any location.
Pick a Casino welcome bonus
You can make UPI deposits to register accounts at online UPI casinos and take advantage of any welcome bonus offers. Before you choose an online casino to create an account, you must consider some factors.
Compare the welcome bonuses offered and pick the one that you find the most generous. Read the terms and conditions on the UPI gambling site to ensure that they are fair. Above all, ensure that the casino operator is a legitimate entity licensed by a reputable regulator.
How to Withdraw with UPI?
UPI has become one of the most popular methods used in India to facilitate payments at UPI betting sites (UPI casinos). UPI owes its popularity to the fact that it allows withdrawals as well as deposits. This feature is unavailable in a deposit method such as G Pay. Withdrawing funds via UPI is as easy as depositing money.
However, you can only use UPI to withdraw funds if you have used it to deposit money at a UPI gambling site. Also, payments made using UPI are subject to withdrawal limits (varying between ₹10,000 and ₹100,000) set by banks.
You can make UPI withdrawals from UPI betting sites, through the following steps:
- Sign into your account at the online gambling site or app
- Visit the withdrawals page and select UPI as the payment mode
- Enter your Virtual Payment Address when required
- Enter the amount you want to deposit (equal to or less than the maximum withdrawal amount allowed by the gambling site/bank)
- Tap on the ‘withdraw/transfer’ tab
- Authenticate the transfer using your 6-digit UPI Pin
- Following successful UPI withdrawals, the amounts are instantly deposited in your sportsbook account.
We look at some commonly asked questions about UPI casinos and UPI deposits, and provide answers:
UPI ranks among the safest digital money transfer methods in India. Payments made at online casino sites with UPI must be authorised by using a two-stage authentication process involving (i) a 6-digit PIN and (ii) an OTP sent to the user’s mobile number registered with the bank. The National Payments Corporation of India stores all payment information on secured servers owned by it. Hence UPI casinos accept it as a secure payment mode.
There are several good UPI casinos in India, including such reputed players as Betway, 10CRIC, 22bet, Betwinner and ComeOn.
The UPI Pin is a 6-digit ‘password’ you must use to authenticate payments. Thus, UPI PIN is a device intended to make payments made at online casino sites with UPI safe and secure.