This policy will come into effect from Tuesday, November 05, 2024.

Real11: New Withdrawal Policy

Real11 has made a few updates that allow users to make withdrawals at their convenience while experiencing online fantasy sports and gaming on our platform. Users can withdraw funds through various payment gateways within the app. It is essential to take note of the updated withdrawal policy before initiating a transaction.

Real11 is pleased to inform you that it will be covering the 28% Goods and Services Tax (GST) on deposits for a seamless user experience. This means that your entire deposit will go into your wallet without any deductions. We encourage you to continue playing on Real11 and enjoy our exciting sports gaming formats.

  • On regular weekdays (Monday), A user can withdraw up to ₹4 Lakh on Monday, however, no withdrawal charges will be applied to withdrawals made on this particular day. For example, if you withdraw ₹4,00,000 on a Monday, the user will get ₹4,00,000 without any withdrawal charges which will be applicable only one-time per user. However, the 30% TDS will be deducted from source withdrawal and the final takeaway would be ₹4,00,000 - ₹1,20,000(30% of 4,00,000) = ₹2,80,000.
  • On regular weekdays (Tuesday, Wednesday, Thursday & Friday), A user can withdraw up to ₹2 Lakh on Tuesday, Wednesday & Thursday with 2% withdrawal charge will be applied to withdrawals made on these days. However, on Friday, a user can withdraw up to ₹1 Lakh. For example, if you withdraw ₹2,00,000 on a Tuesday, 30% TDS will be deducted from this withdrawal of ₹2,00,000 - 60,000(30% of 2,00,000) = ₹1,40,000. After this a ₹4,000(₹2,00,000 - 2%) withdrawal charge will be deducted from the source amount, leaving you with the final takeaway of ₹1,36,000 which will be applicable only one time per user.
  • On weekends (Saturday and Sunday), There is a reduced daily withdrawal limit of up to ₹10,000 on Saturday and Sunday, a 30% TDS will be deducted from this withdrawal of 10,000 - 3,000(30% of 10,000) = ₹7,000. After this a ₹200(₹10,000 - 2%) withdrawal charge will be deducted from the source amount, leaving you with the final takeaway of ₹6,800 which will be applicable only one time per user.

New User Withdrawal Limit (First Week):

For new users who have recently joined Real11, there is an initial withdrawal limit of ₹5,000 per day during the first week. This limit applies to each day within the initial seven days of account activation. First week will be counted after the first deposit of the user.

How To Calculate Withdrawal

Let us take an example of Rs. 500 (For Weekdays - Tuesday, Wednesday & Thursday)
Withdraw (after TDS & Operator Fee)
Withdraw Amount = 500
TDS Applicable = 150


Net Winnings = Total Withdrawal + Current Withdrawal - (Total Deposit + Opening Balance At FY Beginning)

Net Winnings = 0 + 500 -(0 + 950) = -450
Applicable TDS: 30% of -450
Withdraw (after TDS) = 350


Since the current TDS liability (30% of the net winnings < 30% of the withdrawal amount)

Withdraw (after TDS) = 350
2% Withdrawal fee = -10(2% of Total withdrawal, in this case Rs. 500)
Withdraw(after operator fee) = 340

Thank you for your understanding and support.

If you need further help, please contact us at (support@real11.com).