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  • The minimum amount for withdrawal is INR 200 in your bank account.
  • The maximum amount you can withdraw in your bank account is INR 1,00,000.
  • At the time of your first withdrawal, you will be asked to submit certain documents for payment processing and verification purposes. The name on the identification document you provide during withdrawal must match the name you used when creating your account.
  • We will process your withdrawal after confirming your bank account details and/or UPI ID (if applicable). Once verified, we will deduct the amount from your Winning Account and transfer it to your bank account as soon as possible.
  • Please note that there may be a processing fee for transferring funds online from your Winning Account to your bank account.
  • We rely on banks and third parties to facilitate transactions on Fantasyknights. Therefore, processing payments to player bank account may take some time. users agree that we cannot be held responsible or liable for any delays in payment processing.
  • Note that once a transaction is confirmed, cancellation will not be possible.
  • All winnings are subject to tax deductions (“TDS”) in accordance with the Income Tax Act of 1961. A TDS will be deducted from your Net Winnings for each withdrawal request you make.
  • We prioritize the security of all transactions. Our platform employs industry-standard encryption and verification measures to protect user information and ensure safe processing of withdrawals.
  • Users can place another request only after the first request is fully processed.
  • Users are eligible to withdraw your winning amount only.
KYC verification includes:
  • PAN and address proof.
  •  Bank account details should match with the KYC uploaded. In case they do not match, we ask for KYC associated with bank account provided or vice versa.

Amount withdrawn from your account will be credited to your bank account within 24-48 working hours.

TDS Rules:

As per the amendment in Section 194B of the Income Tax Act proposed in the Budget Session of 2023, all online gaming intermediaries must deduct a tax of 30% on the users’ net winnings made by playing real money online games.

These guidelines will be in effect from the financial year 2023-24.