In India, the use of credit cards for gambling activities is strictly regulated by the Reserve Bank of India (RBI) and other financial authorities. Most banks and financial institutions prohibit transactions related to online gambling, casinos, and betting platforms using credit cards due to legal restrictions and potential risks associated with such activities.
Indian consumers should be aware that attempting to use credit cards for gambling may result in transaction declines, additional fees, or even account suspension. It is important to check with your bank\“s terms and conditions regarding permitted transactions to avoid any financial or legal complications.
Instead of gambling, credit cards in India are better utilized for legitimate purchases, bill payments, and emergency expenses. Many Indian banks offer reward programs and cashback opportunities for responsible credit card usage on approved merchant categories. |