In India, fantasy sports gaming is incredibly popular, and numerous applications are vying for market share. But one app that has consistently outperformed the rest of the opposition by a wide margin is Dream11. This fantasy game platform has been around since its co-founding by Harsh Jain and Bhavit Sheth in 2008. From youngsters to adults, everyone wants to put together their ideal squad today and win the most amount of money.
Later, the founders started offering fantasy cricket games such as cricket fantasy league and more to their Indian users in 2012. Furthermore, the company had impressively registered 45 million users as of 2018. Additionally, Dream11 has served as the official partner for important events like the Indian Premier League (IPL).
Today, Dream11 is one of the most ideal fantasy sports platforms in India because it offers fantasy games across various sports. And considering that Dream11 is regarded as a game of skill and outstanding attention, taking part in it is completely permissible. This app can be used by anyone who is at least 18 years old. This article will help users withdraw money from Dream11, make deposits, verify their accounts, and learn about the withdrawal features that make this app unique.
How to Withdraw Your Winnings on Dream11?
Often after winning money on Dream11, users wonder, How to withdraw money from Dream11? Or is it safe? To answer your questions, yes, it is entirely secure and safe. Withdrawing from Dream11 is a rather simple process. Below are the steps you can follow:
- Step 1: Log in to your Dream11 account.
- Step 2: Then go to My Account.
- Step 3: Navigate to my account’s Winnings area.
- Step 4: Choose the Withdraw option.
- Step 5: To withdraw your money, you must verify your PAN and bank account.
- Step 6: Users will need to finish the same verification if it hasn’t been done. This may require several days. You may proceed and withdraw the money, though, if your verification has been sent.
- Step 7: Enter the withdrawal amount when your information has been validated.
- Step 8: Your money will be withdrawn. Note: To withdraw the money, you need a validated Dream11 account.
- Step 10: You must have at least Rs. 50 in your winnings.
When making a withdrawal request, bear in mind the following points:
- There can be three withdrawal requests maximum per day.
- Each request can be for as little as 50 rupees or as much as 1 crore rupees.
- A daily withdrawal cap of Rs 3 crore can be applied to a maximum of 3 transactions.
- Requests for withdrawals over Rs. 2,000,000 are handled through NEFT the following day.
- Whereas, requests for withdrawals of up to Rs. 2,000,000 are handled on the same day.
- Withdrawals can require up to 3 working days (these days do not include Saturdays, Sundays, or public holidays) to be credited to your confirmed bank account, according to the procedure.
- According to the new TDS rule, which went into effect on April 1, 2023, 30% of the tax will be subtracted from the requested withdrawal amount.
- Users who have won prizes totalling Rs. 10,000 or more in a contest are required to pay a fee that consists of a 30% entertainment tax, a 3% cess charge, as well as additional surcharges. However, there are no fees on Dream 11’s end, and the rest of the money is paid to your associated bank account after taxes have been subtracted.
What Options Are There for Withdrawals in the App?
Whether you have downloaded football, cricket, or hockey fantasy apps, it is vital to be aware of the many withdrawal options. Mandatory verification is needed in order to withdraw your gains. Complete verification will include the following:
- Confirmation of the mobile number
- Confirming an email address
- PAN card verification
- Checking the IFSC code and other information related to bank accounts
Together, it will take about four business days to verify all of these specifics. Users can make arrangements for withdrawal after this is finished.
Terms and Conditions
- Only after your Dream11 has verified your account, you can withdraw your funds.
- You cannot exchange the cash bonus. You can instead use it to enter more competitions and win more prizes.
- The verification is a one-time procedure as long as you don’t want to make any modifications to your account.
- The money can be withdrawn, and it will show up in your account in three working days.
- Neft will take three working days and appear under the name “Fiduciary Billing Solutions.”
- Additionally, the crediting of IMPS may take up to 3 working days.
- Most importantly, if you don’t have a verified account, nothing will function.
These days, Dream11 is very popular. Once the terms and regulations are understood, you can easily withdraw money from Dream 11.