India, Sept. 18 -- The ban on online money games will be implemented on October 1, with the rules of the Promotion and Regulation of Online Games Act (PROGA) to be formally promulgated on the same day, information technology (IT) minister Ashwini Vaishnaw said on Thursday.

"We had engaged with the industry, had multiple discussions with them. We have been having discussions with them for the last almost three years," said Vaishnaw, adding that his ministry held discussions with banks as well.

Ahead of the final roll out of the law, the IT ministry will hold one last consultation with gaming companies, banks, and other stakeholders.

"And in case they need more time, we will definitely consider a more consultative approach, which is our ...