Khelraja Payment Options
Security and convenience of money transactions are one of the main indicators of Khelraja’s reliability. It cooperates with a limited number of payment systems, but all of them are suitable for residents of the Indian region. Local bank services, mobile payments, and e-wallets are available at the cashier’s desk. In this review, we will look at all financial instruments that are offered for making deposits and withdrawals.
Khelraja Deposit Methods
There are 6 services available for depositing the game account. You can deposit to Khelraja Deposit via debit cards, virtual wallets, and mobile payments. Approximately 2/3 of the audience uses local banks.
UPI
UnionPay is a Chinese online platform that cooperates with 2,500 financial institutions. It is designed to pay for Internet services and goods using credit and debit cards. Mobile users can install the app on their smartphones to make transactions from anywhere in the world.
UPI cards are valid in almost 200 countries. But it is worth noting that users of the service cannot link their account to the mobile payment systems Apple Pay and Google Pay.
Axis Bank
The Indian commercial bank Axis Bank has been operating for almost 30 years. Now its assets are listed on the London Stock Exchange. As of 2022, it is considered one of the most reliable Asian banks, which is due to the following advantages:
- An extensive network of bank counterparties;
- A wide selection of regional divisions;
- Ability to use templates when creating payments.
Axis Bank provides two-level protection and instant transfer of funds with minimal fees.
Kotak Mahindra
Kotak Mahindra of India has been providing financial and banking services since 2003. It is India’s third largest commercial bank with more than 1,500 branches across the country. It works with RuPay, Visa, and MasterCard.
The main advantage of Kotak Mahindra is the high level of transaction security. When depositing a game account in Khelraja, you cannot worry about the safety of confidential information.
SBI
SBI is a global leader in online banking and blockchain technology. It is a high-tech bank offering its clients the best online cash management solutions. It is part of the Japanese holding company SBI Holdings, which cooperates with 250 financial institutions worldwide.
SBI Bank offers corporate cards with favorable rates and high-class cash management services. Unlike its competitors, SBI processes transactions almost instantaneously, which is suitable for paying betting companies.
IDBI Bank
IDBI Bank is a modern banking organization, whose services are used by hundreds of online bookmakers. It compares favorably with its competitors by offering:
- A wide range of services;
- Convenient account management in online mode;
- Round-the-clock access from anywhere in the world.
IDBI Bank users can pay for services on the Internet, recharge cell phones, and transfer funds to cards of other banks with a minimal fee.
HDFC Bank
The network of the Indian bank has more than 5,500 branches across the country. It is trusted by millions of Indians, as evidenced by more than $243 billion in assets. Its services are used abroad, particularly in the UAE, Kenya, Bahrain, and Hong Kong.
You can use physical and virtual bank cards to fund your account on Khelraja. The modern encryption system uses the SSL protocol of the international cryptography format to protect the transferred data.
Minimum limits
The betting site has set the minimum deposit for any payment methods at ₹200. Khelraja doesn’t charge transfer fees, so money transactions are free.
| Payment system | Minimum deposit | Minimum deposit |
|---|---|---|
| UPI | ₹200 | ₹50 000 |
| SBI | ₹200 | ₹50 000 |
| Axis Bank | ₹200 | ₹50 000 |
| Kotak Mahindra | ₹200 | ₹50 000 |
| IDBI Bank | ₹200 | ₹50 000 |
| HDFC Bank | ₹200 | ₹50 000 |
Timing of replenishment
Money is credited to the gaming account within seconds after confirming the transaction. The process may take up to 1.5-2 hours when depositing via credit card.
Khelraja Withdrawal Methods
In Khelraja, withdrawal is available to local bank cards and e-wallets. You can withdraw funds only by verified methods, i.e. the ones used to deposit your account.
UPI
The payment system allows you to make money transactions through bank transfers. Payments are made in Indian rupees or US dollars. Transactions are processed in real time, which guarantees fast crediting of funds.
SBI
Despite increasing competition in finance, SBI is still the leader in online payments. Bank users can withdraw money from their Khelraja account quickly and inexpensively.
Kotak Mahindra
The commercial, financial institution offers universal products that combine the properties of an electronic wallet and payment cards. Kotak Mahindra users can make transfers and withdraw money without any restrictions.
IDBI Bank
Making payments without delays and the ability to track transfers are the main advantages of IDBI Bank. Also, regular customers can count on privileges, benefits, and cumulative discounts.
Of course, online banking is one of the safest ways to cash out. In addition, almost every Khelraja player has debit and credit cards. So, it is convenient to make transactions using this option. But it has a few drawbacks:
- Filling out a cumbersome form. When requesting cashout, specify the name and surname of the cardholder, its number, CVV-code, and one-time password from SMS.
- Long withdrawal time. Usually, you have to wait 2-3 times longer to transfer funds than when using virtual wallets.
Minimum limits
At Khelraja betting company, the minimum withdrawal is ₹200. The maximum amount that can be withdrawn in one operation is ₹100,000. As in the case of deposits, there is no commission fee from the site.
| Payment system | Minimum output | Maximum output |
|---|---|---|
| SBI | ₹200 | ₹100 000 |
| IDBI Bank | ₹200 | ₹100 000 |
| Axis Bank | ₹200 | ₹100 000 |
| UPI | ₹200 | ₹100 000 |
| Kotak Mahindra | ₹200 | ₹100 000 |
| HDFC Bank | ₹200 | ₹100 000 |
Please note that the betting operator processes withdrawal requests only for verified accounts. Players who have not passed the KYC procedure cannot withdraw their winnings. You can confirm your identity in your cabinet by attaching copies of your passport, PAN card or driving license.
Withdrawal deadlines
Khelraja’s rules state that the maximum withdrawal period is five days. But this does not mean that users have to wait that long. The betting company is insured in case of force majeure, which can be associated with software failures and technical malfunctions on the site.
The money comes in 1-2 hours when using the UPI service. You will have to wait 1 to 5 working days to withdraw a bank card. After this period, it is recommended to contact the support service by sending an email to: [email protected]. The specialists give consultations in Hindi and English.
Khelraja Cash Out
The Cash Out feature provides additional control over betting, allowing you to calculate the deal before the end of the match. If the bettor uses the option, he can withdraw the whole amount or only a part of it from the bet.
The redemption amount depends on the starting odds and the one at the early betting time. To make a Cash-out, it is enough to click on the appropriate button in the coupon.
Rules for selling a bet
Khelraja determines the availability of the feature and the amount it is willing to offer for a bet. It is not supported for unpopular sports and individual markets. It is impossible to withdraw money from a bet if the acceptance of predictions on the outcome is suspended.
Before activating the option, the user can determine the net profit or loss using the following formula:
(D × (K – 1) – D × (L – 1)) / L, where:
D – the size of the bet;
K is the initial coefficient;
L- the coefficient at the time of redemption of the bet.
Let’s take the game between two tennis players as an example. Suppose that Khelraja estimates the victory of the second player at 3.5. The user bets ₹1,000 on his victory. The chosen sportsman takes the lead, due to which the odds on his win decrease to 1.40. The outsider tries to rehabilitate himself and starts to show good play.
How much will the forecaster get if he hedges and offers to buy back the bet: (1000 × (3.5 – 1) – 1000 × (1.40 – 1)) / 1.40 = 1500.
If he sells the bet now, his net profit will be ₹1,500. But it should be taken into account that if his bet goes through and the match ends with the victory of the second tennis player, the winnings will be ₹3,500.
Is it possible to make predictions in rupees?
Yes, the company is focused on residents of India, so it accepts bets and payments in local currency.
Will I be able to make a deposit using cryptocurrency?
Unfortunately, Khelraja does not support digital currency transactions. Instead, you can use Indian banks and UPI services.
What to do if the money was debited from the card, but did not come to the gaming account?
Usually, the money is credited within a few minutes. If more than 1 hour has elapsed since the transaction was confirmed, contact support.
Why can’t I withdraw my winnings?
Withdrawal is not available for players who are not verified. It is also possible that you have active bonuses that require wagering.
Can Khelraja be trusted?
Khelraja has a gaming license from Curacao, so it adheres to a privacy policy. Player information is not shared with third parties and is only used to process financial transactions, provide services and advertise gaming products.