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How to Deposit Indian Rupees on

18 May 2024
Leon Travers 18 May 2024
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  • Sports bettors and casino players in India can now deposit and withdraw INR
  • Follow our step-by-step guide to deposit Indian Rupees on Stake
  • Indian Rupee Banking Guide
  • Before Making Your First INR Deposit
  • Deposit on with INR - Step-by-Step Guide
  • Supported Banks for INR Deposits at Stake [UPDATED]
  • Public Sector Banks
  • Small Finance Banks
  • Foreign Banks
  • Private Sector Banks
  • Regional Rural Banks
  • How to Withdraw Indian Rupees From
Adding to its list of local fiat currencies, now supports deposits and withdrawals with INR. Indian Rupee Banking Guide

It’s widely known that is the world’s number one crypto sportsbook and casino. However, bettors in India have the option to make payments with their local fiat currency - the Indian Rupee.

Moreover, new players from India can claim a 200% sports and casino welcome bonus in INR by using our promo code HUGE. 

Read this guide to learn how Indian Rupee deposits and withdrawals work at Stake, including the various payment services and banking institutions that can be used.

Before Making Your First INR Deposit

With Stake’s origins stemming from crypto, the default wallet is set to Bitcoin (BTC), so you need to change this to INR to use Indian Rupees for deposits and subsequent withdrawals.

It only takes a couple of seconds to do this simply:

  • Log into your account
  • Click the ‘Wallet’ button at the top of the page
  • Select ‘Deposit
  • Here, you can toggle between crypto and fiat currency. Choose ‘Fiat’ and select ‘INR

In addition, prior to making your first INR deposit, Stake may ask you to prove your identity. KYC is common these days, and it highlights that is legitimate and transparent. 

Furthermore, you cannot claim the welcome bonus until you’ve done this. Among the documents you can use for verification are:

  • An international passport
  • Your driver’s license
  • Your voter’s card (EPIC card) - both sides
  • Your tax ID card (PAN card) - both sides
  • Your National ID card (Aadhaar card) - both sides

The Stake compliance team only accepts photographs, so nothing scanned or photocopied. The photos must be high resolution and in color. Finally, the document has to have a validity period of at least three months.

Deposit on with INR - Step-by-Step Guide

With your account wallet and currency already set to INR, you’re ready to add some funds so you can enjoy Stake’s top-quality casino and sportsbook. Follow these steps:

  1. Log in and click on ‘Deposit’ 
  2. Select ‘INR’ from the drop-down menu
  3. Choose the payment service you want to use - UPI or Netbanking
  4. From the list of options, choose your personal financial institution. You need to enter the virtual payment address (VPA) if using UPI
  5. Complete the requested information and check the payment details
  6. Click to ‘Accept’ the bank transfer. The funds will now be sent to your account

Additional Information for Stake INR Deposits

  • If you use Netbanking, your Stake account must be level 2 KYC-verified
  • You have 15 minutes to complete the bank transfer
  • Once you have confirmed the transfer, your deposit will appear in your Stake account within 75 minutes
  • If, for any reason, the money is taken from your bank account but the deposit fails, your money will reappear (back in your bank account) within seven working days

Supported Banks for INR Deposits at Stake [UPDATED]

Below is a complete list of the banks that are supported for Stake deposits.

Public Sector Banks

Andhra BankBank of BarodaBank of India
Bank of MaharashtraCanara BankCentral Bank of India
IDBI BankIndian BankIndian Overseas Banks
Punjab and Sind BankPunjab NationalState Bank of India
Union Bank Of India

Small Finance Banks

Equitas Small Finance BankESAF Small Finance BankFincare Small Finance Bank
Jana Small Finance BankNorth East Small Finance BankSuryoday Small Finance Bank
Ujjivan Small Finance BankUtkarsh Small Finance BankCapital Small Finance Bank

Foreign Banks

Bank of AmericaBank of Bahrain and Kuwait B.S.CBarclays Bank
BNP ParibasCiti BankDevelopment Bank of Singapore
Emirates NBD Bank (P J S C)HSBC BankShinhan Bank

Private Sector Banks

AU Small Finance BankAxis BankBandhan Bank Limited
Catholic Syrian BankCity Union BankDCB Bank Ltd.
Dhanalakshmi BankFederal BankHDFC Bank
ICICI BankIndusind BankJammu And Kashmir Bank
Karnataka BankKarur Vysya BankKotak Mahindra Bank
Kotak Mahindra BankLakshmi Vilas BankRatnakar Bank
SBM BANK (INDIA) LIMITEDSouth Indian BankSouth Indian Bank

Regional Rural Banks

Andhra Pradesh Grameena Vikas BankAndhra Pragathi Grameena Bankaroda Gujarat Gramin Bank
Arunachal Pradesh Rural Bank Aryavart BankAssam Gramin Vikash Bank
Bangiya Gramin Vikash BankBaroda Rajasthan Kshetriya Gramin BankBaroda UP Bank
Chaitanya Godavari Gramin BankChhattisgarh Rajya Gramin BankDakshin Bihar Gramin Bank
Ellaquai Dehati BankHimachal Pradesh Gramin BankJammu And Kashmir Grameen Bank
Jharkhand Rajya Gramin BankKarnataka Gramin BankKarnataka Vikas Grameena Bank
Kerala Gramin BankMadhya Pradesh Gramin BankMadhyanchal Gramin Bank
Maharashtra Gramin BankManipur Rural BankMeghalaya Rural Bank
Mizoram Rural BankNagaland Rural BankOdisha Gramya Bank
Prathama UP Gramin BankPuduvai Bharathiar Grama BankPunjab Gramin Bank
Rajasthan Marudhara Gramin BankSarva Haryana Gramin BankSaurashtra Gramin Bank
Tamil Nadu Grama BankTelangana Grameena BankTripura Gramin Bank
Utkal Grameen BankUttar Bihar Gramin BankUttarakhand Gramin Bank
Uttarbanga Kshetriya Gramin BankVidarbha Konkan Gramin Bank

How to Withdraw Indian Rupees From

Before submitting a withdrawal request, your Stake account must be level 1 or 2 KYC verified. However, as mentioned, this is often done before making a deposit. If so, you are ready to make an INR withdrawal.

Additionally, players must use the same bank account for withdrawals that was used for the previous deposit. With that in mind, these are the steps for cashing out your winnings.

  1. Log into your Stake account
  2. Click on ‘Wallet’ followed by ‘Withdrawal
  3. After choosing ‘INR’, you are redirected to the Netbanking page
  4. Enter the amount you want to withdraw and complete the relevant information fields
  5. Click ‘Withdraw’ to finalize the transaction
  6. The money will appear in your bank within three (3) working days

As a further note, you may need your bank’s name, address, and the branch where you open the account, so it’s best to have this information on hand. 

Lastly, all electronic transfers use Indian Financial System Codes. If you don’t know your bank’s code, check its website.