Now, simply pick an answer between Yes or No, then book slots and amount as per your
convenience and boom you're all set to compete.
We are pleased to inform you that we will be covering the 28% Goods and
Services Tax (GST) on deposits for a seamless Real11 experience.
This means that your entire deposit will go into your wallet without any
deductions.
However, to bear this high cost and sustain our service, we kindly request your
support and cooperation in our decision to gradually convert your 'deposit' into
'winning' at a set percentage of your cash application. Currently, the
Deposit Conversion rate is set at 5%. This means that after each
gameplay, 5% of your investment/deposit will be converted from your deposit
balance to the winning balance.
We want to emphasise that this conversion will not affect your net winnings.
Your winnings will still be transferred immediately and in full to your
withdrawable balance. We greatly value your loyalty to Real11. However, we have
found that the practice of daily withdrawals followed by new deposits is
unsustainable for us due to the burden of GST. Therefore, we have implemented
this deposit conversion system to ensure the longevity of our service.
To help you understand the calculation, let's consider an example.
Case 1: Deposit Wallet: Rs 1000, Winning Wallet: Nil
Suppose you deposited Rs 1000 and joined a contest worth a
thousand rupees. Upon successfully joining the contest, you then won Rs
2000. Your net winnings of Rs 1000 will be
immediately transferred to your withdrawable balance (winning wallet/winnings).
5% of the remaining Rs 1000 i.e. Rs 50 will be credited to your
winning wallet and the unused amount i.e. Rs 950 will be credited to your
deposit wallet.
Deposit Balance: Rs 950 (Initial Rs 1000 Deposit - Rs 50 Deposit
Conversion) Winnings/Withdrawable Balance: Rs 1050 (Rs 1000 Net Winnings +
50 Deposit Conversion)
Case 2: Deposit Wallet: Rs 900, Winning Wallet: Rs 1100
Suppose you join a contest worth Rs 2000(Rs 900 Deposit Wallet + Rs 1100
Winning Wallet) and win Rs 4000. Your net
winnings of Rs 2000 and investment of Rs 1100
used from your winnings/withdrawable balance will immediately be transferred to
your winnings/withdrawable balance. 5% of the remaining
Rs 900 i.e. Rs 45 will be credited to your
winning wallet and the unused amount i.e. (Rs 900 - Rs 45 = Rs
855) will be credited to your deposit wallet.
Deposit Balance: Rs 855 (Rs 900 Deposit after Case 1 - Rs 45 Deposit
Conversion)
Winnings/Withdrawable Balance: Rs 3145 (Rs 2000 (Net Winnings) + Rs 1100
(Investment used from withdrawable balance + Rs 45 (Deposit Conversion)
)
We encourage you to continue playing on Real11 and enjoy our exciting sports
gaming formats. Rest assured that your entire deposit will be in your winnings
balance after a few gameplays.
Note:
(i) This conversion scheme is only applicable to Trading
(ii) The Deposit Conversion rate is subject to change in the future.
Please let us know if you require any further clarification.
(By joining this contest you accept Real11 T&Cs and confirm that you are not a
resident of Assam, Odisha, Telangana, Nagaland, Andhra Pradesh or Sikkim).
Thank you for your understanding and support.