This is our review of the BHIM UPI banking service which will introduce you to all the UPI casinos in India. Everything you need to know is detailed here, as we discuss which are the top UPI casino platforms in India to join, how the deposit and withdrawal process works, the online casino mobile banking features, and the advantages and disadvantages of the service.
Can you use UPI in online casinos?
UPI stands for Unified Payment Interface. It was a banking service that launched in 2016 and was created by the NPCI (National Payments Corporation of India), a state-owned service that provided to users a real-time banking system.
The whole BHIM UPI services is regulated by the Reserve Bank of India (RBI) and the Indian Bank Association (IBA). The UPI setup that provides immediate transactions works through a mobile service that interacts between two bank accounts.
Such is the popularity of the UPI system, it has led to the rise in UPI casinos in India. The UPI service now completes more than half of all digital transactions that take place inside of India and this isn’t including the payments that happen within the UPI casino platforms.
It is without question the most preferred digital form of payment and the latest figures from the RBI back this up. In 2020 the value of card transactions dropped from 1,511 billion rupees down to 1,262 billion rupees. Whilst UPI transactions within the same period increased from 2,162 billion INR up to 3,290 billion.
Reports from local shopkeepers that more and more people in India are paying more now with their mobile rather than with cash.
In 2020, there were 200 banks associated with the UPI service and 21 third-parties partnered with it. From this, it is expected that by 2023, the total transaction amount could easily reach 60 billion, annually!
So, when it comes to online casinos, UPI services are a clear option and with the popularity of it, this review was a needs-must.
What is the difference between UPI and IMPS?
The differences are minor but effective in overall performance.
Both IMPS and the UPI service allow for members signed to the best UPI casinos in India to secure fast and free deposits, along with the withdrawals. Despite these similarities, they are entirely different in their approach.
IMPS which is Immediate Payment Service does allow for deposits and withdrawals but this can bring about some hassle in the process. To its detriment IMPS uses NEFT technology to settle its transactions. Now for the payments to be complete both the casino and the member would need to have an Indian bank account. The catch is this, all BHIM casino platforms and UPI casino platforms are based and registered outside of India borders. So, the IMPS wallet poses a number of difficulties.
Now, with a UPI wallet, the service will allow you to perform transactions domestically and to foreign receivers. To perform this, you only need to adjust your UPI ID which is also known as a VPA or Virtual Payment Address which can be supported by the HDFC UPI banking operators.
What is BHIM UPI?
Theirs a lot of abbreviations in the world of Indian online banking, so what is a BHIM casino?
Well, BHIM is an online payment service created in 2016 and launched by the NPCI. It stands for the Bharat Interface of Money. This payment app was built to provide a simpler payment solution. It offers fast and easy transactions using the UPI interface. This is how BHIM users are able to join the UPI casinos in India.
The UPI casinos are easily set up with BHIM payment services which can be carried out through the BHIM app.
It’s now become a popular method for online casino players here in India, which has also added to the rise in the number of UPI casinos in India.
How to Deposit with UPI at an Online Casino
How do you put your rupees into the best UPI casinos in India with your UPI wallet? Well, if you have used the UPI service before, you will know how easy the process is.
Putting deposits into the UPI casinos is no different than sending money to friends or family members or how you would normally pay within the shops.
Here are the 5 steps to successfully using the UPI wallet to make UPI deposits into the top UPI casinos online.
STEP 1: Get a UPI wallet
If you already have a UPI wallet, then you can head straight to step 5.
In order to use the UPI service, you need to have the UPI wallet to be linked to the network. With this, you will also need to link your original bank about to your UPI wallet so that money can be extracted from your account and passed on to the merchant you’re sharing the transaction with.
You can download the UPI app, which is the wallet from Google Play, the Apple App Store, or directly from your own bank’s website.
Which UPI wallets are available?
There are a number of optional wallets that can be used in conjunction with UPI casinos. These wallets include:
Note: Using a HDFC UPI wallet gives you access to any HDFC casino which, in turn, accepts UPI deposits, which we hope clear.
STEP 2: Set up your Virtual identity
Once you have downloaded your UPI wallet, you can now set up your own virtual ID by completing your details. This will include your Name, Password and VPA (Virtual Payment Address).
STEP 3: Link your bank account
With your ID complete, you can now link your UPI to your original Net banking account. You can also sync this with G Pay, Paytm, and PhonePe accounts.
Linking the servers takes no time at all. You will now have a fully linked banking network that can perform UPI deposits and withdrawal.
STEP 4: Verifying your UPI account
The last stage of the UPI configuration comes with the registering process you must complete with the Payment Service Provider or PSP. Depending on the PSP you use, you may have to complete their online verification process.
This will require you to provide details of your Asdhaar card number if you use PhonePe, which is different for users of G Pay and Paytm for example.
Once your PSP registration is complete, you can now look to add your banking details to the UPI casinos you decide to join.
STEP 5: Join an online casino that accepts UPI
With the UPI India service set up across the banking sectors, you can now, look to joining the casinos online that can sync to the BHIM app, or the UPI app. The top UPI casinos in India are already listed for you on this page. Luckily there are plenty to choose from, so look beyond the banking and pick your idea casino based on other services and features.
The UPI India casino list holds all licensed and regulated sites, pick one or more to register and make an account with.
Within the banking page of the UPI casino and select UPI as your preferred banking method.
Once set up, all payments are controlled by a UPI PIN which is highly sensitive along with the Virtual Payment Address, so keep these details safe.
You will find that some casinos allow you to deposit through their QR code service. Just scan the QR code with your phone and the payment will be authorised.
How to Withdraw with UPI at an Online Casino
So, with the depositing of payments being fairly easy to do, how does the withdrawal process work with UPI wallets?
Well, fortunately, those using UPI to deposit can withdraw in a reverse fashion.
Go to the cashier part of the casino and select withdraw. Enter the UPI as your preference and enter the amount you wish to withdraw. You will be asked to verify this by entering your VPA and the UPI PIN. That completes your transaction.
You may also find that there are some casinos online that despite not accepting UPI deposits, they are, however, able to provide withdrawal services solely. A casino example of this is Leo Vegas Casino. You cannot deposit with UPI but withdrawal is available.
What is the Minimum deposit?
Within all UPI casinos, there are rules on what can be put into an account via a deposit. The amounts do vary, so you will have to check the terms and conditions with the casino you join. The level is set by the casino itself and no through the UPI protocol. If you were to join the Pure Casino, it has a min deposit limit of 250 rupees. Yet this is different from sites like 10 Cric, and 22 Bet Casino.
Additional Fee and Withdrawal Time
When it comes to P2M which is Person to Merchant payments fees were stripped by the NPCI so with UPI online casinos there are no costs with the service. Do not confuse this with the person-to-person (P2P) fees which are between 2.5 rand to 5 rand.
So, with UPI casinos there are no hidden fees with deposits. Withdrawals are not 100%, some casinos will place small fees on withdrawal transactions.
The timing of withdrawals are not set in stone either, different casinos perform in different ways, despite using the same UPI services. Factors like the day of the transaction taking place, whether it’s a public holiday, or if there are internal banking policies, these can add to the delay of a payment withdrawal. The average can be 2 days on a completed transaction, but it should be to no surprise that some can take up to 5 working days.
Which banks support UPI payments?
As mentioned earlier, there are a total of 200 banks within India that are supportive of UPI payments. This service is offered by the bank’s respective app or through a totally separate UPI wallet. Here we list some of the popular banks that have partnered with UPI so you get secure Net banking with the top UPI online casinos here in India.
|🏦 Bank||📱 Compatible UPI App|
|ICICI Bank||iMobile, BHIM app, Google Pay, Mi-Pay, PhonePe, WhatsApp Pay|
|South Indian Bank||SIB M-Pay, BHIM app|
|Axis Bank||Axis Pay, BHIM app, Amazon Pay, CRED, Google Pay, Samsung Pay, WhatsApp Pay|
|Bank of Baroda||Baroda MPay, BHIM app|
|UCO Bank||UCO-UPI, BHIM app|
|Punjab National Bank||PNB UPI, BHIM app|
|Federal Bank||Lotza, BHIM app|
|United Bank of India||United UPI, BHIM app|
|State Bank of India||SBI Pay, BHIM app|
|Yes Bank||Yes Pay Wallet, BHIM app|
|HDFC Bank||HDFC Bank Mobile Banking, Google Pay, Mobi Kwik, WhatsApp Pay|
|Karnataka Bank||KBL Smartz, BHIM app|
|Bank of Maharashtra||MahaUPI, BHIM app|
|Vijaya Bank||Vijaya UPI app, BHIM app|
|Jio Payments Bank||Jio Pay, BHIM app, WhatsApp Pay|
Each of the banks listed here offers their own form of UPI service that can be downloaded for users on iOS, Android, and Windows mobile. It is wise to check with the bank what your options are because there are far too many to list. When it comes to charges with the bank and its ties with UPI casino sites will depend on the bank you are enrolled with.
How to deposit with IMPS in an online casino
Let us now look at the Immediate Payment Systems that are tie with the UPI online casinos.
There are three main steps that need highlighting regarding the matter of depositing with the optional IMPS UPI India service.
- Step 1: Frist, visit your bank and ask if they are able to add the IMPS service to your account.
- Step 2: Once activated, you must enter your Aadhaar Number, Bank Account Number, and MMID Number.
- Step 3: Log into your online casino and with their instructions, connect your IMPS account and you are now able to perform fast deposits and withdrawals from these UPI casino sites
What Are the Fees For Using UPI?
The NPCI declared that all transactions are charged at 0.50 rands. This is not the withdrawals from the UPI casino sites, but in relation to the standard Net banking that goes from UPI wallet into the original Indian bank account.
This fee will be listed as a IMPS transaction on your bank statement.
When it comes to the services from the PhonePe app, users are not charged for either of their transactions that are related to UPI online casinos and the winnings made from them that are withdrawn.
Is UPI Safe and Secure?
The whole UPI India banking service is the most widely used method of payment across the entirety of India. It is massively secure and safe for people to use and the numbers behind it make this evident.
It is a hugely innovative payment system that helps with UPI deposits inside the best UPI casinos in India. Payments can be completed with a single click and passing a two-factor authentication process. All the transactions are secured by its in-built encryption system that codes all the data of the payment. The entire IMPS network handles over 8,000 crore in NPCI transactions every single day. Massive!
Privacy & confidentiality with UPI
Given that the NPCI manages both the IMPS and UPI, they all operate under the same security system. The issue of privacy is met by three different ISO certifications which graces the NPCI service. You have the following certifications looking after all of the payments you make.
- ISO27001 for Security Management Systems
- ISO223001 for Business Continuity Management Systems
- ISO9001 for Quality Management Systems
With the banking websites, they are protected by SSL systems which are encryption software, which is the same software used by all online casinos. You have Rapid SSL which is owed by DigiCert.
What are the Benefits of depositing with UPI at an online casino in India?
What are the advantages and disadvantages of using UPI payments within a UPI casino?
|Advantages of depositing with UPI in Online Casinos||Disadvantages of depositing with UPI in Online Casinos|
|✅ Safety: UPI is fully licensed by the RBI, and is 100% safe to use||❌ Fees: There are small transaction fees|
|✅ Availability: With over 200 banks signed up for UPI payments, you have lots of availability . You have major banks, public and rural banks assigned to it, so one account can pose all the power you need to make casino transactions||❌ Limits: Most Indian banks allow a maximum transfer amount of 1 lakh. Something you will need to be aware of should you manage to win a substantial slot machine jackpot|
|✅ Popularity: UPI is popular with millions of daily users|
Which alternatives are there to UPI casinos?
If you don’t want to be linked to anything to do with NCPI, BHIM UPI or IMPS, then what are the alternatives to a UPI wallet, but yet you still like the services and features of the UPI casino?
Well, there are a number of alternatives:
- E-Wallets: Players in India are able to use the services of Skrill, EcoPayz, and Neteller. These are amongst the most popular e-wallets in the world and will allow you to complete transfers with low fees, fast, securely, and within the best Indian casinos online
- Bank Wire: Go direct and use your Indian bank account to make a direct online payment to your casino. It may not be the fastest route but it is simple and a common form of payment.
Using UPI for online gambling In India
So, we are not at the end of this guide and we have discussed all things BHIM UPI and every other abbreviation. So, how do you feel about this as a credible banking option?
UPI is the number one service amongst Indian people whether it is used for a UPI casino or not, it’s their number one choice for day-to-day transactions.
The UPI India banking structure is as sound as it comes. This is a web of integrated banking services that enable fast performance banking and security.
At its most basic this is an e-payment scheme that allows you to play inside the best Indian casinos online. As a casino member, this an attractive option to pick from the many like it. The number of casinos will grow over time, allowing for more diversity and variation in where you play and what you play inside the casino.
Frequently asked Questions about UPI casinos
❓ What is a UPI casino?
UPI is Unified Payment Interface, it was a banking service that launched in 2016 and was created by the NPCI, National Payments Corporation of India, a state-owned service that provided to users a real-time banking system. The whole UPI services are regulated by the Reserve Bank of India (RBI) and the Indian Bank Association (IBA). The UPI set up that provides immediate transactions works through a mobile service that interacts between two bank accounts. UPI allows you to perform transactions domestically and to foreign receivers. To perform this, you only need to adjust your UPI ID which is also known as a VPA or Virtual Payment Address which can be supported by the banking operators.
🎰 Can I use UPI at an online casino in India?
Yes. And it is for that reason we made this review. It is the biggest online payment service in India and all the major online casinos accept it because it allows you to pay into foreign accounts in which the Indian casinos are registered in.
⚖️ Is UPI legal and safe?
Yes. The whole UPI banking service is the most widely used method of payment across the entirety of India. It is massively secure and safe for people to use and the numbers behind it make this evident. Given that the NPCI manages both the IMPS and UPI, they all operate under the same security system. The issue of privacy is met by three different ISO certifications which graces the NPCI service. You have the following certifications looking after all of the payments you make.
- ISO27001 for Security Management Systems
- ISO223001 for Business Continuity Management Systems
- ISO9001 for Quality Management Systems
🔒 Which is the safest UPI app?
Each of the following apps use the same encryption software, so their levels of safety are equally the same.
- BHIM UPI
- HDFC UPI
- Google Pay
❓ How do I get a UPI ID?
Once you have downloaded your UPI wallet, you can now set up your own virtual ID by completing your details in the online registration form. This will include your Name, Password and VPA (Virtual Payment Address). This is what creates your UPI ID that can be linked to your UPI app.