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How can I Withdraw Money from Rummy Bo by Paytm?

By Paytm Rummy Bo July 14, 2022

Home to India’s most exciting card games and thrilling fantasy sports, Rummy Bo by Paytm is one of the most popular destinations for gaming enthusiasts in the country. The all-in-one app has Rummy, Poker, Call Break, Fantasy Cricket, Fantasy Football, Fantasy Kabaddi, and Fantasy Basketball games.

Rummy Bo app brings together avid sports fans and card game players. The Guru feature, daily challenges, bonuses, highly-rewarding and unique fantasy contests and card game tournaments, Refer & Earn scheme, etc., are some of the key reasons why the app is popular among online gamers.

Rummy Bo Winnings & Withdrawals

Millions of online gamers enjoy a seamless experience and win big cash rewards on the Rummy Bo app daily. The winnings can be transferred to your Bank Account, UPI, or Paytm Wallet instantly.

Here's the step-by-step guide on withdrawing winnings from the Rummy Bo app.

Head to the My Balance menu in the upper right corner of the Rummy Bo app.

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Enter the amount you wish to withdraw and choose from any of the three Withdrawal Methods - Bank Account, UPI, and Paytm Wallet. Tap on Withdraw Now to complete the process. The minimum withdrawal amount is ₹100, and the maximum is ₹25,000 per day (for non-KYC users).

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The winnings will be transferred to your Bank Account, UPI, or Paytm Wallet instantly.

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KYC

If you wish to increase the withdrawal limit, complete your KYC - verify your PAN Card and Bank Account. The PAN Card verification, which includes providing the PAN number and uploading the image of the PAN, takes up to 24 hours.

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To verify your Bank Account, enter your Account Number, IFSC Code, and Account Holder’s Name, which must match the PAN holder’s name.

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If you want to remove a payment method, scroll down and tap on Payment Settings. On the Manage Payments Methods, choose from Paytm Wallet, Debit/Credit Cards, or UPI and tap on Unlink to remove the payment method.

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Frequently Asked Questions

What is the minimum and maximum amount that can be withdrawn daily from Rummy Bo by Paytm?

For non-KYC users - Minimum: ₹100, Maximum - ₹25,000
For KYC verified users - Minimum: ₹100, Maximum - ₹1,00,000

How do I withdraw money from my Bonus Account?

You can use the bonus money to get reduced entry fees in select fantasy contests and rummy, call break and poker games. However, you cannot withdraw it.

Do I have to pay tax when I make a withdrawal from Rummy Bo by Paytm?

A tax of 31.2% is levied on winnings above ₹10,000 in a single contest. As tax is deducted from your winnings already, no tax is charged while making a withdrawal.

Why is my withdrawal request cancelled?

The withdrawal request is usually cancelled due to incorrect payment details or violation of fair play policies.

How to use my Paytm Wallet money on the Rummy Bo by Paytm app?

Your Paytm wallet money can be used to deposit cash on Paytm Rummy Bo wallet. Also, the winnings from the app can be transferred to your Paytm Wallet.

 

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