11ic demonstrates a strong commitment to the Indian user base by prioritizing and seamlessly integrating the most popular local payment infrastructure. This focus ensures deposits and withdrawals in Indian Rupees (₹) are fast, familiar, and secure. The platform supports a range of methods, with a particular emphasis on digital banking solutions.
I. Unified Payments Interface (UPI): The Core Method
UPI stands as the cornerstone of 11ic’s payment system in India. UPI is the dominant real-time payment network in India, facilitating instant fund transfers directly between bank accounts using a Virtual Payment Address (VPA) or UPI ID.
A. How UPI Works on 11ic
- Instant Deposits: UPI is favored for its speed; deposits are typically processed instantly. This means your betting balance is updated immediately after you approve the transaction in your UPI app.
- No Bank Details Required: To initiate a deposit, you only need to use the UPI ID provided by 11ic on the deposit page. You then authorize the payment using your preferred UPI app—like Google Pay, PhonePe, or PayTM—by entering your UPI PIN.
- High Transaction Limits: UPI allows users to handle relatively high daily transaction volumes, making it suitable for both casual players and high-rollers.
- Security: As UPI transactions are regulated by the NPCI (National Payments Corporation of India) and require a secure UPI PIN authentication, it is considered one of the safest digital payment methods.
II. Other Essential Local Payment Methods
Beyond UPI, 11ic supports other crucial local banking and wallet solutions to provide flexibility for Indian users.
A. Digital Wallets (Paytm & Others)
While UPI uses your bank account directly, digital wallets offer a convenient layer for storing funds.
- Paytm: As one of India’s largest digital payments platforms, Paytm is often integrated as a separate deposit option, allowing users to transfer money instantly from their wallet balance or via the Paytm UPI gateway.
- Convenience: These options are ideal for users who manage their daily finances through a specific e-wallet and prefer not to expose their main banking information directly.
B. NetBanking (Online Bank Transfer)
For users who prefer traditional electronic fund transfers or need to process larger amounts, NetBanking is available.
- Direct Bank-to-Bank Transfer: This method allows you to log in to your bank’s portal through a secure gateway to complete the transaction. It covers virtually all major Indian banks.
- Security and Traceability: NetBanking is highly secure and provides a clear audit trail via your bank statement, which some players prefer for large-value transactions.
- Processing Time: While usually fast, NetBanking can occasionally take slightly longer than UPI (up to a few minutes) to reflect in your 11ic account, depending on bank processing times.
III. Important Withdrawal Considerations
While deposits are designed for speed, withdrawals involve strict security protocols to ensure funds are safely returned to the correct user.
- Mandatory KYC Verification: To process any withdrawal, you must first complete your Know Your Customer (KYC) verification. This involves submitting government-issued ID documents (like Aadhaar or a Passport) to confirm your identity. This is a one-time step but is crucial for processing withdrawals securely.
- Bank Account Matching: For withdrawal via NetBanking or direct transfer, the bank account holder’s name must exactly match the name registered on your 11ic account. Any mismatch will lead to a rejection of the withdrawal request.
- Withdrawal Time: The first withdrawal may take longer (up to 72 hours) due to mandatory security checks. Subsequent withdrawals are generally processed much faster (often within minutes or a few hours).
By offering UPI, Paytm, and NetBanking, 11ic ensures that Indian users can manage their funds using the methods they trust and use every day, making the funding process hassle-free.