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Why do withdrawal requests fail?
Your withdrawal request is rejected because of the following reasons: 1. You might have placed a withdrawal request for an amount higher than the withdrawable balance available in your equity or commodity account. You will only be able to withdraw the funds that are settled and visible in your withdrawable balance .
How do I get my money back from Dream11?
Head to the Side Navigation Menu > My Balance > Winnings > Withdraw > Enter the amount you wish to withdraw and that’s it.
- You can place a withdrawal request only if:
- ✅ You have a verified Dream11 account.
- ✅ Your winning balance is more than Rs.
- A few important things to keep in mind when you place a withdrawal request:
How do I cancel a withdrawal request?
Go to your My Wallet -> Withdrawal history -> View Details and you can either Edit or Cancel the request that is Pending Approval.
How much can we withdraw from Dream11?
On Dream11, the minimum amount for a single withdrawal request is Rs. 100 and the maximum amount that you can withdraw is Rs. 2,00,000/-.
How much tax do you pay on Dream11 winnings?
Yes! A tax of 30\% is deducted at source when your net winning in a contest is more than ₹10,000. The remaining amount (after tax deduction) gets credited to your Dream11 account as ‘Winnings’. You will also get a TDS certificate ONLY if you’ve verified your PAN card on Dream11.
How long does a pending withdrawal take?
The bank knows about it, but the funds have not yet been moved. A withdrawal, meanwhile, takes funds from your account immediately. Together, the words pending withdrawal mean funds are leaving your account soon, perhaps in one to three business days.
Who is the owner of Dream11?
Harsh Jain
Dream11
| Type | Private |
|---|---|
| Founders | Harsh Jain & Bhavit Sheth |
| Headquarters | Mumbai, Maharashtra, India |
| Area served | India |
| Owners | Dream Sports |