This policy will come into effect from Monday, 23 Dec 2024.
- A user can make withdrawals up to 4 times (OR) a maximum of ₹10 lakh per week, whichever occurs first.
- A week is defined as starting on Monday and ending on Sunday.
YU11 Battle : New Withdrawal Policy
YU11 Fantasy 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.
YU11 Fantasy 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 YU11 Fantasy 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 YU11 Fantasy , 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 ([email protected]).
