IndiaPlays is evolving into a multi-gaming platform. Now there are money earning games (real cash games) like Poker, Rummy, Fantasy sports on IndiaPlays for the users to engage in. Each real money game has its own intricacies and promotions. So to make the online cash games more transparent and easy for the players we have come up with a new wallet system which is going to be super beneficial to the players in the long run. Whether it is Rummy India, Poker India, Fantasy cricket India or Fantasy football India -- IndiaPlays offers games to earn money.
In the new wallet system that is being introduced for money earning games, there are four new wallets. The Main wallet, Poker wallet, Rummy wallet and Fantasy wallet. All the real money games’ specific wallets will be termed as ‘Game’ wallets.
Deposits will happen as usual on IndiaPlays. Users won’t have to deposit separately into each real money games’ wallets. Instead users will just deposit in the Main wallet from where they will have an option of transferring it into whichever game they choose to.
The ‘Add Cash’ process of IndiaPlays for real cash games also does not change much. If poker players, rummy players or fantasy players want to deposit using a deposit code they just have to select which game code they want to use and after the transaction is successful the deposit amount and the bonus amount of that deposit will get auto transferred to the players’ selected game wallet. Lets look at this with a practical example. Suppose player A chooses to deposit ₹1000 and selects a Poker code of ADD100. Upon the success of the transaction his deposit amount of 1000 and his bonus amount of 100 will be auto transferred to the Poker wallet since the user has chosen to use a Poker deposit bonus code. The same logic applies for the other two games -- Rummy cash game and Fantasy games too.
There are three game wallets on IndiaPlays. The Poker wallet, Rummy wallet and Fantasy wallet. Funds can be transferred from the Main wallet to these game wallets for the gameplay.
No. You can only transfer funds to and from the Main wallet. Transfer of funds between the game wallets is not permissible.
Once you have successfully deposited funds into your Main wallet you will see a option of ‘Transfer to Game Wallets’ in the Main wallet page. Then you can select the Game wallet that you want to transfer your full/part funds into and your funds will be transferred successfully. For eg. If Player A has deposited ₹1000 in the Main wallet without using any deposit codes. They now have 1000 in his Main wallet deposit balance. They can choose to transfer 300 into the Poker wallet by following the above process. Now they have 700 left in the Main wallet deposit balance. They can choose to transfer 500 into the Rummy wallet and the remaining 200 into the Fantasy wallet. Or they can choose to just let the funds remain in the Main wallet.
Commission wallet is wallet where all promotional funds given by IndiaPlays for money earning games to the user will be credited into. All funds such as Rakeback, Leaderboard prizes, Released Bonus will be credited into the players Main wallet commission balance. A TDS of 5% will be applicable on Commission wallet balance upon a request for withdrawal of that balance. This has been created so that players only have to pay lesser TDS since those are not players winnings but infact they are commissions which has been given from the Platform to the user.
Poker ledger is the sum tally of your total funds which have been transferred in and out of your Poker wallet while playing poker online. This has been created for the players benefit while playing poker games so that they can keep a track of this tally and be aware as to when they will be applicable for TDS on their Transfer outs. The Poker ledger will not reset at the end of the financial year. You can also learn to play poker online on IndiaPlays.
Any net winnings of above ₹10,000 are applicable to a TDS of 30%. Suppose Player A has deposited 30,000 in the Main wallet and transferred the whole amount to their Poker wallet. In that scenario 30,000 is their deposit tally for poker. Suppose they kept wagering on the table and has accumulated 50,000 as Poker Win balance. If they apply for a transfer out from the Poker wallet to the Main wallet then according to the TDS law, the TDS will be calculated on 50,000 – 30,000(deposit tally) – 10,000(initial allowed limit) = 10,000 x 30%TDS = 3000. The Poker ledger has been created particularly to help players to keep a eye on their tallies.
TDS for Rummy will be directly deducted at source. If Player A wins any amount above the amount of ₹10,000 while playing the rummy game then a TDS of 30% will directly be deducted from the players winnings for that particular game. Play for real money online now on IndiaPlays! Play 13-card online rummy games now.
TDS for Fantasy sports will be deducted at source. If player A wins any amount above the amount of 10,000 in one particular contest then a TDS of 30% will be directly deducted from the winnings of that particular contest. Goa head, join a fantasy sports contest on IndiaPlays! Play fantasy football and fantasy cricket for free.
Commission balance is not the players winnings on IndiaPlays, an online earning games website. It’s an added commission given by the company to the player for their activities on the platform. Hence a lower TDS of only 5% is to be charged while withdrawing the commission balance.
No. No TDS will be charged on withdrawing the Win balance from the Main wallet. All the TDS calculations will happen before the funds are transferred from the Game wallet to the Main wallet. On IndiaPlays, win real money online instantly by playing online skill games for money.
Any transfer of funds from the Main wallet to the Game wallet is known as Transfer in.
Any transfer of funds from the Game wallet to the Main wallet is known as Transfer out. The different games to get money on IndiaPlays let you win cash online and to transfer the funds into your main wallet to ultimately withdraw to your bank account.
While using a deposit bonus belonging to a particular game the deposit amount and the bonus amount both get auto transferred to that particular Game wallet. For eg. If you have used a Rummy deposit code then your deposit amount and your bonus amount both will be available directly in your Rummy wallet. Same logic is followed for all deposit bonuses.
No , you can only transfer the win balance and commission balance of your Game wallets to the Main wallet.
A game wallet is a wallet pertaining to a particular real money game. For eg. Poker wallet. It will contain deposits made for playing Poker, Poker winnings, Poker bonuses, etc. Game wallets have been brought in place for a greater clarity to the player and it will be beneficial to the players in the long run.
Main wallet as the name suggests is your main touch point for all things related to deposits and withdrawals for the real cash games on IndiaPlays. It works as a master wallet to earn real money online. You can also transfer funds from your Main wallet to the respective game wallets and vice-versa while playing card games online on IndiaPlays.
Any balance which is received by the player from the platform for his continued activities for real money earning games on the platform is termed as commission balance. Players are liable to a TDS of 5% on their commission balance. Whether it is online poker, online rummy or online fantasy sports.
No, the new wallet system does not cause any losses to the players but helps Players with their TDS issues and adds transparency to all transactions. All the games to win money on are created with our player-first policy and to make the real money gaming experience rewarding for our players. Stop searching for ‘free online earn money’ on Google, start playing on IndiaPlays.