Withdrawal Policy
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Silver Rummy
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Silver Rummy has a total and unwavering commitment to the safety and security of player funds. Player balances are kept in segregated accounts and not used for operational expenses. This ensures that your funds are always available for you to cash out in accordance with our banking and security procedures.
Silver Rummy has a total and unwavering commitment to the safety and security of player funds. Player balances are kept in segregated accounts and not used for operational expenses. This ensures that your funds are always available for you to cash out in accordance with our banking and security procedures.In the event of game play for Cash Games, related Buy-in amount will be deducted from Player’s ‘Cash Balance’. If the game play Buy-in amount is more than the ‘Non-Withdrawable Balance’ amount in the Player’s Cash Balance, then the remaining amount will be deducted from Player’s ‘Withdrawable Balance’. In the event the Player decides to leave the game play table and is eligible for credit of game play amount, then the game play Buy-in amount will be credited back in the same proportion, to the Non-Withdrawable Balance and Withdrawable Balance, as it was deducted earlier.
If the Player plays the Game and wins, the Winning amount will be reflected in the Player’s Withdrawable Balance and will be available for Withdrawal by the Player.
Withdrawal without gameplay will generally not be entertained, however, in some cases, 5% of the deposited amount and 28% GST on the deposited amount, will be charged to process the Withdrawal.
The minimum withdrawal request at a given point of time is Rs. 100 and the maximum is Rs. 1,00,000. This is mandatory in order to encourage responsible play as well as to prevent unauthorized or illegal activities.
As per the Finance Bill passed by the Government of India in Union Budget 2023-24, Silver Rummy may deduct 30% TDS on the Net Winnings of the players at the time of withdrawal and also at the financial year ending. To know more about TDS, click here.
If the account designated to receive your withdrawal has any issues, please cancel your withdrawal request and email us at [email protected]. In order to protect against collusion and fraud, a 48-hour delay is imposed on cashing out from your last deposit. Therefore, please allow 48 hours from your last deposit before requesting your withdrawal.