You can withdraw all the money in your Withdrawable Account at any time. The balance in your Withdrawable Account includes all your cash winnings, any bonuses you earned as a cash player as well as any deposited amount you have used for playing cash games.
If you are a cash player on My11Circle, your cash account balance is divided into two Accounts - Deposit Account and Withdrawable Accounts.
Your Deposit Account balance consists of all the amount you have deposited but have not yet played cash games for. Your Withdrawable Account balance includes all your cash winnings, as well as any deposited amount you have used for playing cash games. Every time you play a cash game, the amount used to play that game is credited to your Withdrawable Account.
The Deposit Account balance and the Withdrawable Account balance together make your total Cash balance. You can play cash games on My11Circle with any amount up to your total Cash balance.
Let us see some examples. Assume that your Deposit Account balance is ₹ 100 and your Withdrawable Account balance is ₹ 400 (total balance = ₹ 500) . You make a deposit of ₹ 50 in My11Circle.
The entire deposit is credited to your Deposit Account. Thus, your Deposit Account balance is now ₹ 150 ( ₹ 100 + ₹ 50) and your Withdrawable Account balance remains at ₹ 400. Your total balance is ₹ 550.
Let us say you play a cash contest with an entry fee of ₹ 100 and win ₹ 500. The ₹ 500 that you won becomes a part of your Withdrawable Account. ₹ 100 is deducted from your Deposit Account as entry fees. Thus, your Deposit Account balance will now be ₹ 0 ( ₹ 100 - ₹ 100) and your Withdrawable Account balance will now be ₹ 900 ( ₹ 400 + ₹ 500). Your total Balance is ₹ 900.
Let us say you claimed a Bonus Chunk of ₹ 50. This will be credited to your Withdrawable Account. Thus, your Withdrawable Account balance is now ₹ 450 ( ₹ 400 + ₹ 50) and your Deposit Account balance remains at ₹ 100. Your total balance is ₹ 550.
You can see your Account Balances in Account Overview under My Accounts.
The minimum amount you can withdraw at any time is ₹ 100.
As per law, tax deduction at source (TDS) may be applicable on your winnings. TDS is currently applicable at the rate of 30% on winning above ₹ 10,000 and the rate of TDS and/or the exemption limit are subject to changes from time to time as required by law.
A TDS certificate will be provided to you 3 months from the winning date, on your registered email address.
If you have an amount less than ₹ 100 and would like to withdraw, please send us an email at support@My11Circle.com.