Indian Rupees Casinos (INR)

Read also: Restricted Casinos in India Online Casinos in India – Best India Casinos

Summary

The first rupees were issued in 1540. It was silver coins. The first paper banknotes in India appeared in 1770. For a long time India was one of the colonies of Great Britain, so the English wanted to introduce their own currency, British pound.

However, the pound sterling failed to enter the Indian life. In 1861, the “Paper Money Act of India” was passed, according to which the issue of banknotes was carried out by the British government. Banknotes began to be issued with the image of Queen Victoria, then King George V and George VI.

After gaining independence in 1947, India begins to issue banknotes with its coat of arms – three lions. In 1957, a decimal system was introduced. One rupee is divided into 100 paisas. In 1966 Indian rupee is tied to the US dollar at the rate of 1 US dollar = 7.5 Indian rupees. In subsequent years, several devaluations of the Indian rupee were carried out. Modern banknotes of India are issued in nominal value of 5, 10, 20, 50, 100, 500 and 1000 rupees. On the front side of all banknotes there is a portrait of Mahatma Gandhi. The higher is the denomination of a banknote, the longer is the bill.

As it was mentioned before, citizens of India love gambling, but due to strict laws they not always can deposit Indian rupees to decent online casinos. Well, at least, it happened before, nowadays there are more and more states of India creating more opened and loyal laws in terms of online gambling, since it can bring good money to the budget.

Are casinos accepting Indian Rupees legal and licensed?

There are no strict laws for every state in India, and in general, gambling laws are not complete in this country. Therefore, most types of casinos, gaming houses and online casinos in the country are actually outlawed, since the gambling law as old as more than 150 years states that visits to gambling houses can be resulted in small fines or, in some cases, even a prison term.

So far, the country lacks clear legislation on gambling on Indian rupees. Legally to play in the territory of India it is possible only in three jurisdictions: Sikkim, Goa and Daman. In Goa, there are seven ground-based casinos in which most of the slot machines are located.

Since the administration does not issue licenses for online gambling sites in India, the country also lacks laws directly aimed at gambling on the Internet. Since ground-based gambling is banned in most parts of India, many believe that this applies to online gambling as well, and therefore are scared to deposit Indian rupees to Indian online casinos, and sometimes even to casinos that are licensed outside the India, but still accept the currency. But in the state there is no rough policy in this field that would stop Indian gamblers from playing online, and therefore they do it all the time, both in local casinos and in foreign, and thus, a lot of Indians really play with rupees, though some use US dollars or some other major world currencies.

What are the most popular depositing methods with Indian rupees?

India is not the most advanced country in terms of electronic payment systems. Inhabitants of India use banknotes more often at the calculations though if to believe forecasts of experts, the Indian rupee in the near future becomes one of the currencies, more often used on the Internet at purchases. Of course, the main reason is not so much the popularity of rupees as the amount of the population of this country, thanks to what even though electronic currencies use a smaller percentage of the population than, for example, in Sweden, yet this percentage of the population is so it is high that recently all major world online casinos are trying to add Indian rupee to the number of currencies on their websites as well.

So, the main method of depositing an online casino in Indian rupee currency is to consider debit cards. On the second place there are credit cards of visa and mastercard. In India, such cards are used by many. On the third place on the popularity of Internet payments in online casinos can be called an online wallet. In India, there are several popular online purses at once, the most important of which, as well as the most potentially popular in the future, should be considered Rupay. This means of payment can be found often in a variety of casinos in India as well as outside the country.

Conclusion

Online casinos in India today are at an important stage of their development, as the authorities of the country increasingly understand the potential that this industry possesses. India has good predisposition to the gambling industry, to the high demand for casinos from tourists, more and more casinos offer their services in national currency. That’s why if you could not practically deposit your casino account with INR before, without resorting to third-party unreliable exchangers, today you can play in top Indian and international institutions, without losing money when paying for the exchange, as well as losing some because of the exchange rate.

This list is one of the most complete on the Internet for today, thanks to it you can choose one or several online casinos where there is a possibility of depositing in rupees. In these casinos you will find the best slots from such developers Netent or Microgaming, and the interface of the sites will be clear to everyone. Show less