How do I withdraw cash?

  • You can Withdraw Cash at any time by going to the Wallet page and clicking on Withdraw Money.
  • You are then asked to enter an amount you would like to withdraw.
  • You can only withdraw an amount less than or equal to ‘Your Winnings’. This will be shown to you on the Wallet page.
  • You are required to make a deposit of minimum INR 10 at least once in your Vijayi Bhawa account to be eligible for withdrawals. This is only a one time process before your first withdrawal.
  • For making your first withdrawal, you are required to verify your identity. Providing bank details, personal information and KYC documents are mandatory for the user verification process. You can go to the Wallet page and click on the ‘verify to withdraw’ button to start the verification process.

What is the minimum amount I can withdraw?

You can withdraw a minimum of INR 100 from ‘your winnings’ in your bank account.

What is the maximum amount I can withdraw?

You can withdraw a maximum of INR 1,00,000 from ‘your winnings’ in your bank account.

What does KYC verification include?

  • PAN and address proof.
  • Bank account details should match with the KYC uploaded. In case they do not match, we ask for KYC associated with the bank account provided or vice versa
  • Amount withdrawn from your account will be credited to your bank account within 24-48 working hours.

What are Deposit, Winning and Cash Bonus & how is the balance in each account calculated?

Your Deposit Account balance consists of all the amount you have deposited but have not yet played cash contests for. Your account balance includes all your cash winnings, all the deposited amount as well as all the cash bonus earned. Every time you play a cash game, the amount used to play that game is credited from your Deposit amount & Cash Bonus amount depending upon the contest rules.

Let us see some examples. Assume that your Deposit amount is ?100 and your Winnings is ?400 & Cash Bonus is ?400 (total balance is ?900).

You make a deposit of ?50 in Vijayi Bhawa wallet

The entire deposit is credited to your Deposit Account. Thus, your Deposit Account balance is now ?150 ( ?100 + ?50) and your total amount is ?950.

When you play a contest

Let us say you play a cash contest with an entry fee of ?100 and win ?500. The ? 500 that you won adds to your Winnings, which you can withdraw any time in your preferred account. Your entry fees of ?100 is deducted from your Deposit Account.

When you claim Bonus Cash

Let us say you claimed a Bonus Cash of ?100. This will be credited to your Cash Bonus Account. You can use this Bonus Cash to join any public contests depending upon the respective contest’s bonus usage mentioned on the Contest page.

Cash Bonus cannot be withdrawn. It can be used to join as many contests as you wish.

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 mobile number with Vijayi Bhawa.

  • The minimum amount you can transfer in your PayTM wallet is ?50 & maximum is ?5,000 provided your KYC is complete.
  • KYC verified Vijayi Bhawa account and the phone number linked should belong to you.
  • Your withdrawal request will be processed in 24 hours.

TDS Rules

No TDS will be deducted on withdrawals less than INR 10,000. A TDS of 31.2% will be deducted on any winning amount exceeding INR 10000. A TDS certificate would be duly issued to the user.

Once the TDS has been debited, we will provide the TDS certificate after the end of the subsequent financial quarter.

  • You are eligible to withdraw your winning amount only.
  • 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
  • We process Online Transfers on all days except Sundays and Bank Holidays.

The User acknowledges that subject to time taken for bank reconciliations and such other external dependencies that Vijayi Bhawa has on third parties, any transactions on Vijayi Bhawa Platform may take up to 24 hours to be processed. Any amount paid or transferred into the User's 'Deposit' Account or Winnings Account may take up to 24 hours to reflect in the User's 'Deposit' Account or Winnings Account balance. Similarly, the utilization of the Cash Bonus or money debited from 'Deposit' Account or Winnings Account may take up to 24 hours to reflect in the User's 'Deposi' Account or Winnings Account balance. Users agree not to raise any complaint or claim against Vijayi Bhawa in respect of any delay, including any lost opportunity to join any Contest or match due to delay in crediting of transaction amount into any of the User's accounts

A transaction, once confirmed, is final and no cancellation or refund is permissible.

Vijayi Bhawa may, in certain exceptional circumstances and at its sole and absolute discretion, refund the amount to the User after deducting applicable cancellation charges and taxes. At the time of the transaction, Users may also be required to take note of certain additional terms and conditions and such additional terms and conditions shall also govern the transaction. To the extent that the additional terms and conditions contain any clause that is conflicting with the present terms and conditions, the additional terms and conditions shall prevail.

Write to us at support@vijayibhawa.com for any further assistance required for Withdrawals.

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