Does any tax get deducted from my winnings?
When you win above Rs.10,000 from a single contest, the tax of 31.2% will be deducted and the rest gets added as winnings. You will also receive a TDS certificate 3 months from the winning date with details of the deduction.
How will I get my winnings into my bank account?
When you win in a cash contest, your winnings will be added to your Dream11 account balance within 4 hours of the live match being completed. However, for matches ending late at night, winnings will be added to your account balance the next morning. You can withdraw money from your account balance to your bank account once your Dream11 account is completely verified. Click on Menu -> Verify Now to place a verification request Post verification, you can submit your withdrawal request and the amount will be added to your bank account within 5 working days. Remember, the minimum amount you can withdraw at a time is Rs.200.
If other users in the contest are at the same rank as me, how will the winnings be distributed?
The winnings will be equally split among tied users. E.g. If the winning amount is Rs.5000 in a 3-member contest and 2 teams end up with equal (highest) points, then these 2 users will get Rs.2500 each as winnings.
Does the amount in my Winnings Account have any expiry date?
If the amount in your Winnings Account is not withdrawn to your bank account within 335 days from the date of credit, it will be deposited automatically to your bank account which is on record with Dream11, provided that your Dream11 account has verified by Dream11. In case no bank account is provided or you have failed to complete the verification for the Dream11 account, the amount would stand forfeited by Dream11. Hence it’s important that you get your Dream11 account verified as soon as possible. Please check our Terms & Conditions for detailed information on this aspect.