Last Updated: April 28, 2025
At Mega11, we ensure that the process of withdrawing your funds, including winnings, is secure, efficient, and transparent. Below are the key details of our Withdrawal Policy:
1. Verification Process
Before you can withdraw any funds, your Mega11 account must be fully verified. Verification requires you to submit the following documents:
PAN card (for tax purposes)
Bank account details
Only once your account is verified will you be able to initiate withdrawal requests.
2. Daily Withdrawal Limits
You can request a maximum of 3 withdrawals per day.
These limits are in place to ensure that withdrawals are processed efficiently and securely.
3. Minimum Withdrawal Amount
The minimum amount that can be withdrawn in a single transaction is INR 100.
Any withdrawal request below this amount will not be processed.
4. Maximum Withdrawal Amount
The maximum amount that can be withdrawn in a single transaction is INR 5,00,000.
If you wish to withdraw an amount greater than this, you will need to split the withdrawal into multiple requests.
5. TDS Deduction
At the time of withdrawal, TDS (Tax Deducted at Source) will be applied to your taxable winnings.
As per the new government tax law, the TDS rate will be 30% on the taxable amount of your winnings.
6. Processing Time
Mega11 processes withdrawal requests within 24 hours.
Please note that the final processing time may vary depending on the bank or third-party payment processor involved. Delays are rare but may occur due to banking policies.
7. Withdrawal Requests
You can initiate a withdrawal request easily via the following steps:
Go to My Balance
Select Winnings
Click on Withdraw
General Terms
Payment Method: Withdrawals will be processed to your verified bank account or other available payment methods supported on the Platform.
Processing Fees: Any applicable transaction fees or processing charges will be deducted from the withdrawal amount as per the payment method selected.
Account Restrictions: If your account is suspended or deactivated for any reason, withdrawal requests will be denied until the issue is resolved.
Withdrawal Denial: Mega11 reserves the right to deny any withdrawal request if fraudulent activity is suspected or if there is a breach of the platform’s terms.
For assistance or if you have any questions regarding the withdrawal process, please contact our customer support team.