In recent years, the IMPS payment system has developed a lot in the world of gambling, so at the moment almost all top bookmakers provide the opportunity to manage their funds using this method. For players from India, it is literally the most ideal option for deposits and withdrawals, given its security, minimum limits, and commissions, as well as availability in the best online bookmakers in the world.
Betting Sites That Accept IMPS
If you are still undecided about which bookmaker to sign up with so that you can easily deposit with IMPS, here is a list of a few popular examples:
IMPS utilises all necessary safeguards to protect its customers. The company offers the best security measures possible to keep customers’ money safe from fraud. One example is that if a transfer to a suspicious person is detected, the support team can stop the transfer until the investigation is completed. In addition, the system will preserve your privacy as you provide information in accordance with KYC protocol.
Review of IMPS Payment Method
IMPS was founded in 2010 and is basically an electronic transfer system that is available in India. Its main partners are the State Bank of India, ICICI Bank, and Bank of India. The company is managed by the National Payments Corporation of India.
Main Information About IMPS
E-transfer payment system
📱 Mobile App
💯 Processing Fee
⏳ Transaction Speed
Based on the table, we can conclude that this method will be maximally beneficial for all users.
Advantages & Disadvantages of IMPS
IMPS has become so popular among betting players in India due to the quality of services it offers. But no matter how perfect the system is, some users find a number of drawbacks in it as well. Here are some of its pros and cons that catch the eye of most users:
✔️ Fast transfers around the clock
✔️ Best security for the users
✔️ No commission for Indian players
❌ Few bookmakers provide the opportunity to use IMPS
❌ Lack of anonymity
In order to understand how critical this is for you, you should first try out the system yourself.
Limits, Fees & Withdrawal Time
The minimum limit amount for withdrawal via IMPS varies from bank to bank, below are examples of a few banks:
1 INR + GST
As the amounts increase, the fees will naturally increase as well, but they do not charge any large sums to the players, so they are almost imperceptible. And if we talk about the withdrawal time, it will depend on the specific office you have chosen, but as a rule it is up to 24 hours.
How To Create an IMPS Account in India?
In order to start using IMPS as a full-fledged payment system in betting shops and make deposits on your favourite games, first of all you need to create your account, you can do this by having one of the following three things:
Cash-out at an ATM.
Any of them is suitable for creating an IMPS account.
Opening a IMPS Account
You can create an account as follows:
Open mobile banking;
Select the account you want to use;
Select IMPS as payment method;
Create your own unique MMID number;
Double-check your number and you can proceed with your payments.
Now you will be able to use this payment method at your favourite casinos.
You do not need to go through verification, as you already have a bank account, which you registered and which already has all the necessary data and proof of your identity.
How To Use IMPS for Betting in India?
Once you have connected IMPS as a payment method, in order to start betting with real money, you need to make a deposit. If you have already selected a bookmaker that accepts this payment method and suits you on all other criteria, such as the range of bets, favourable bonuses and so on, making a deposit will not be difficult.
Deposit Money With IMPS
You can deposit your balance in the casino using IMPS in just a couple of minutes, without any effort, as follows:
Log in to your account at the bookmaker’s office.
Click on the “Deposit” button.
Select the IMPS method, as well as the bank you need.
Specify the required amount.
Enter your identification number or login ID.
Depending on the selected bank, you will need to enter a password or mPIN.
Click the “Confirm” button to complete the operation.
After you will receive a one-time password to the number you have registered, you will need to enter it and thus complete the payment. If everything is successful, you will receive a text message confirming the transaction.
Withdraw Money With IMPS
Once you have won enough and want to withdraw your money, this process is also easy, only a couple of steps are needed:
Log in to your bookmaker’s account.
Click on withdrawal.
Select the necessary method.
Enter your MMID number or fill in your bank account details.
Specify the required amount.
To withdraw your funds, click the “Confirm” button.
After, you will again receive a one-time password, which you need to enter to complete the operation. If everything was done correctly, the funds will be transferred to your bank account. As a rule, depending on the specific bookmaker, the transaction can take up to 24 hours, this point should be clarified with the betting office that you use.
How to Bet on Sport with IMPS?
Depending on the betting platform you use, the sports betting process may differ minimally, but generally, it looks like this:
Log in to your account on your favourite betting site.
Refill your balance on the site using IMPS.
Click on the sports section and select a favourite match.
Also, decide on a betting option.
Specify the amount of money you wish to bet and click “Place a bet”.
Then you will only have to wait for the results of the match and hope for victory. In the same way, you can make several bets simultaneously on different events or matches, depending on the functionality of the platform on which it happens.
Best IMPS Betting Apps
Almost all bookmakers nowadays provide players with separate betting apps, as it is in many ways more convenient and practical than betting on a PC. However, it is impossible to choose any particular IMPS-enabled application that will be better than others, as all have their advantages and disadvantages. Here are some of the betting apps that will allow you to use this payment method:
All of them have minimum system requirements and are available for download absolutely free, so you can familiarise yourself with each one and select something for yourself.
Tips for Using IMPS
If you are having any problems using IMPS at a bookmaker, there are some steps you need to take. For example, if there was a delay in the withdrawal of funds to the account, but they were not debited from the platform account, you should immediately contact the bookmaker’s customer support, by any available method.
But in such situations, you should also remember that withdrawal can take up to 24 hours, depending on the office you use. If the funds have been withdrawn but have not arrived in your bank account, you should contact the support service of the bank you are using. All channels for communication can be found in mobile banking, as a rule, they are placed in the section with general information.
Final Say: The Benefits of Betting With IMPS
At the moment, IMPS has a huge popularity among Indians who love to bet on gambling. Obviously, all this is because this method is most convenient and beneficial to users because it is made special for players from India, with the ability to use the local currency. Also, all customers are especially attracted by the low commissions, and what is important is the possibility of receiving a welcome bonus from bookmakers, which not every payment method can guarantee. In addition, an essential factor is the legality of IMPS, despite the strictness of Indian legislation.
✔️ Is IMPS legal to use in India?
Players who use this method to deposit and withdraw funds from their accounts at bookmakers can rest easy, as IMPS is completely legal in India and is fully subject to its laws.
✔️ Which is the best betting site that accepts IMPS?
It’s impossible to choose one best betting site where you can use IMPS. This method is available on a multitude of platforms, each of which has a bunch of advantages that make players select it. You can consider such options as 1XBet, 22Bet, 4Rabet, which are worthy of attention.
✔️ How much can I deposit with IMPS?
The amount you can deposit will depend on the specific bookmaker you want to deposit with, but the maximum amount you can deposit is 200,000 INR.
✔️ Can I withdraw money from betting sites with IMPS?
Yes, any user will be able to withdraw funds from the account of a betting website that supports this method without any problems. All you need to do is to choose a method and bank, then fill in the minimum amount of data for withdrawal.
✔️ How to delete your IMPS account?
You can delete your bank account by contacting the bank staff or another method that is available to you.
✔️ What is the minimum age for using IMPS?
There is no specific age that is required to be able to use this payment method. If you have a bank account, you can use IMPS. But if you want to deposit on a gambling platform, you must be of legal age.