Withdrawal Policies

You are required to make a deposit of minimum INR 10 at least once in your BalleBaazi Fantasy account to be eligible for withdrawals. This is only a one time process before your first withdrawal.

The minimum amount for withdrawal is INR 100 in your bank account.

The maximum amount you can withdraw in your bank account is INR 2,00,000.

Providing bank details, personal information and KYC documents are mandatory before you place your first withdrawal request.

You can place another request only after the first request is fully processed.

Approval on your withdrawal request is done within 24 Hours from our end after which the request goes out for cash disbursement into your Bank Account.

You are eligible to withdraw your winning amount only.

KYC verification includes:

TDS Rules:

As per the amendment in Section 194B of the Income Tax Act proposed in the Budget Session of 2023, all online gaming intermediaries must deduct a tax of 30% on the users’ net winnings made by playing real money online games.

These guidelines will be in effect from the financial year 2023-24.

Net Winnings: Difference between the total withdrawal amount and the total deposit amount in the same financial year. (Financial Year starts on 1st April and ends on 31st March)

How is the TDS calculated?

If your net winnings at the time of withdrawal are positive, then you are eligible for TDS as per section 194B of the Income Tax Act.

Example 1

You have deposited ₹500 and used ₹300 out of that amount to play any game format on BalleBaazi. Suppose you convert those ₹300 to ₹800. In this case, if you place a withdrawal request of ₹800, this is how your net winnings will be calculated:

Net Winnings=Withdrawal Amount-Standing Deposit Balance

Net Winnings=₹800-₹500

Net Winnings=₹300

Hence, 30% TDS will be deducted on ₹300 which is equal to ₹90

The amount that will be credited to your account will be ₹800 - ₹90 which is ₹710.

Example 2

If your net winnings are zero or you face a loss, there won't be any deductions.

You have deposited ₹500, and after playing on BalleBaazi you lost ₹200. If you proceed to withdraw the remaining balance of ₹300 then there will not be any TDS on this amount.

Example 3

If you withdraw an amount lesser than or equal to your deposit, there won't be any deductions until your deposit balance has been exhausted as a rebate.


When will the withdrawal ledger reset?

On 31st March of every year:

  1. TDS of 30% will be deducted from all remaining net winnings in your wallet as the financial year comes to a close.

  2. The remaining balance in your wallet (including the usable amount and withdrawable amount) will be counted as your standing deposit balance for the next financial year.

Your withdrawal ledger will reset at 00:00 hours at the start of every financial year.

PayTM Wallet Cash-out Policies

You can now transfer your winnings directly to your PayTM wallet under the following conditions:Your PayTM account must be linked to your registered number with BalleBaazi Fantasy.

Last updated on : 19th September 2022