Rummy Real Cash Withdrawals

If you’re someone who enjoys playing rummy games online for cash, you will love Taj Rummy’s instant cash withdrawal feature. Taj Rummy is, hands down, one of India’s best rummy apps, and a major advantage of playing rummy on our platform is the ability to withdraw your winnings instantly.

When you win a cash game, you don’t have to wait days to receive your winnings. Instead, you can withdraw your cash immediately after the game, and the money will be credited to your bank account. This is known as an “immediate” or “instant withdrawal.”

As a new player, you can enjoy tons of free practice games without depositing any money. However, when you deposit money to play rummy games for cash, you can be assured of playing in a secure and legit environment.

To sign up and play online cash rummy games, all you need to do is download and install this real money rummy app and register with your phone number.

Rummy Instant Cash Withdrawals at Taj Rummy - Steps to Follow

Availing instant withdrawals from this rummy app is just as smooth and easy as depositing cash in your rummy accounts. The process is very simple, and to be eligible for withdrawals, you will need to first ensure that the following two criteria are met:

1. Complete your KYC formalities by updating your Aadhaar Card and PAN Card (mandatory) details.
2. Provide your identification through a valid phone number and email address

Step 1: Click on the “Wallet” icon seen at the bottom of the screen. Alternately, select the “Withdrawal” icon in the menu

Step 2: Upon entering the Wallet, you get the Withdrawal Cash Balance option. Click on “Withdraw” and enter the amount.

Note: The minimum withdrawal amount is Rs. 100

Step 3: Remember, your KYC is mandatory for processing the withdrawal, so if you haven’t already completed this procedure while setting up your rummy account, then you can do it at this stage. Also, update your personal information, such as your email address and phone number, for verification.

Step 4: Tap the ‘Withdraw Now” icon, select your bank name and enter your bank account number for the cash transfer.

Step 5: Enter the OTP received on your phone, and your withdrawal will be processed.

Step 6: In case your withdrawal moves into the manual bucket due to a bank delay(s) or internal check(s), you may check your transactions tab to track its status/ progress. Once your withdrawal has been completed successfully, you should receive an alert from your bank, too.

Rules for Cash Withdrawal (as per the RBI and IT Department)

1. KYC verification is mandated by the Reserve Bank of India and it includes proof of identity for withdrawing your cash winnings from Taj Rummy and transferring it to your bank account.
2. Cash rewards earned on this online rummy app can be in the form of cash bonuses, real cash rewards, incentives, or promotional gifts.
3. Cash rewards for all the games, tournaments, and/or promotions that you win will be as per those displayed on this site or app and according to the rules applicable at the time of registration.

What is the TDS policy?

From 1 April'23, the Income Tax department introduced a new TDS section, 194BA, for Winnings from online games.

The net winnings are calculated when you place a request for withdrawal (or on the closing balance at year-end). TDS is calculated at 30% of the net winnings comprising the Withdrawal/Closing Balance at year-end.

Key points:

1. TDS will be deducted at the time of withdrawal
2. TDS will be applicable only on net winnings during withdrawals and not deposits
3. Your deposit and withdrawal ledger will become 0 at 00:00 hours on 1st April of every financial year (FY)
4. Net winnings = [Total withdrawals in FY - (Total deposits in FY + Net winnings which have incurred TDS during the FY + Opening balance)]

How is TDS calculated on Taj Rummy?

The TDS will be deducted at the time of withdrawal and the year's end. The Financial Year (FY) is from 1st April to 31st March every year. Your deposit and withdrawal ledger will become 0 at 00:00 hours on the 1st of April of every financial year. Net winnings = [Total withdrawals in FY - (Total deposits in FY + Net winnings which have incurred TDS during the FY + Opening balance as of 1st April 00:00 hours)]. If your net winnings at the time of making a withdrawal are positive (greater than 0), 30% TDS will be applicable on any withdrawn amount.

Let us understand with a few examples:

Scenario 1

On 1st April, you have Rs. 7,000 in your winnings balance and Rs. 8,000 in your deposit balance. Now you want to withdraw Rs. 7,000 on 3rd April. In such a situation, no TDS will be applied. The calculation will be as follows:

Scenario 2

Now, consider that you deposit Rs. 3,000 in the current FY. Your opening deposit balance was Rs. 8,000, and you have already withdrawn Rs. 7,000. Now you want to withdraw Rs. 5,000 more. The calculation will be as follows:

In the above case, you could have withdrawn Rs. 4,000 without tax instead of Rs. 5,000. However, since you are withdrawing Rs. 5,000, Rs. 300 will be deducted from the remaining Rs. 1,000, and you will receive Rs. 4,700 in your bank account.

Scenario 3

If TDS has been applied to your previous withdrawals, then no TDS is applicable on withdrawals till your net winnings exceed the amount for which you have already paid TDS.

If you try to withdraw Rs. 5,500, no TDS will be deducted. You can withdraw up to Rs. 6,000 without any TDS.

However, if you wish to withdraw Rs. 10,000, TDS will be charged on the remaining Rs. 4,000 @ 30%, which is Rs. 1,200. Post this, you will receive Rs. 8,800 in your bank account.

What happens if extra TDS has been deducted in advance during an FY?

The new amendment in TDS on gaming platforms has actually simplified the process. The computation is processed the same as any income tax, except that the TDS levied on winnings from online gaming is 30 percent.

As players will be paying TDS on withdrawals throughout the year and the final TDS for the financial year will be assessed at 23:59 on 31st March, depending on the total amount remaining in the players’ accounts, some further deduction may need to be made minus the deposit amounts.

If any excess TDS has been deducted, then players may need to file an ITR request for Claims, and the total TDS deducted can be adjusted against the winnings liable for tax plus deposits.

Will Taj Rummy provide the TDS Certificate?

As required by income tax laws, all winnings are required to be reported by players under the heading of ‘Income from other sources’ while filing their income tax returns (ITR) for the financial year.

We deduct TDS during the withdrawal process (through the year or at the end of the year) and deposit it with the government. For this reason, players are required to provide their PAN Card and the linked Aadhar Card. The TDS deduction details can be seen in every player’s individual 26AS on the IT website, which is updated quarterly.

Benefits of Instant Cash Withdrawals at Taj Rummy

At Taj Rummy, we believe in making your gaming experience as smooth as possible. That’s why we offer instant cash withdrawals, ensuring you get your winnings quickly and hassle-free. Here’s what makes our instant withdrawal feature stand out:

Quick Access to Winnings: With instant cash withdrawals, players can access their winnings immediately, ensuring a seamless and timely payout experience.

Flexibility and Control: Players have the flexibility to withdraw funds at their convenience, empowering them to manage their finances effectively.

Enhanced Player Satisfaction: Instant withdrawals contribute to a positive gaming experience, providing players with confidence and reliability in their transactions.

Secure Transactions: Our withdrawal process is secure and reliable, adhering to stringent security measures to safeguard players’ financial transactions.

Experience the convenience and efficiency of instant cash withdrawals at Taj Rummy, designed to enhance your gaming experience and provide peace of mind.

Frequently Asked Questions

How to Play Online Rummy Games

If you have never played online rummy, then here are some easy-to-follow rules that will give you a quick primer:

1. Rummy is played with two decks of 52 cards each, with two Jokers included in each deck, for a total of 104 cards.
2. A deck is divided into four ranks or suits: spade, diamond, club, and heart. You will be dealt with a hand of 13 cards, which you must arrange into combinations of valid sequences and sets. The aim is to be the first to create one pure sequence, while the rest can be created using a printed joker and the declared wild card.
3. The highest value set is of 3 Aces, which could potentially be a game-winner. A sequence made up of a minimum of 3 cards consists of unbroken number cards from 2 to 10; a high-value sequence consists of a jack, queen, king, and possibly Ace.

Important Keys:

1. Withdrawal requests are processed every day except on Bank holidays.
2. Players can have ONLY ONE (1) withdrawal per day & ONE (1) in 48 hours.
3. Once the withdrawal is processed from our end, depending on the bank it may take between 2 to 5 working days to be received.
4. All withdrawals will be subject to audit before being processed.
5. Player may request two (2) free withdrawals in a month.
6. Players must have a 'Real Money' account funded with at least INR 100 prior to requesting for first withdrawal.
7. Players must have at least ONE (1) deposit in the 30 days prior to applying for a withdrawal.
8. All free promotional tourney & loyalty cash have to be wagered before withdrawal, as the winnings will be added to the deposit account.
9. You need to provide the below given details accurately. Any error in providing the details given below may cause the funds to be incorrectly transferred.
   1. Name as it appears on the Bank account
   2. Name of the Bank
   3. Bank Address
   4. Bank Account Number
   5. IFSC Code of the Bank
   6. State
10. Once a payout is requested, Player will forfeit all pending bonuses (ALL CHUNKS) left in their account.
11. All unclaimed deposit bonuses expire upon your successful withdrawal.
12. In order to ensure that withdrawal amount reaches the right person, all players making their first withdrawal request MUST send us proof of ID (Pan and Adhar card) and proof of residential address (phone bill or similar). These details MUST match the details listed in their account profile (name, address, date of birth, phone number and email address). Use of invalid contact details may result in closure of account and all winnings will be forfeited. The documents can be sent by email to support@tajrummy.com
13. TDS as applicable @ 30.09% will be deducted on ALL eligible winnings.
14. We reserve the right to make void any Cash chips/Fun Chips/Loyalty points/Bonus if player is not active for over a period of 60 days.
15. A withdrawal request from a player who doesn't have any games played on his account will be charged a service fee – based on management decision.
16. Management reserves the right to withhold payment of any winnings until the player agrees and provides our Promotions Department an interview related to their winnings for the newsletter and websites and further pending verification of the player's identity in which case we may request identification documents.
17. As per industry standards, withdrawals of INR 10000 or greater may be subjected to a longer processing period and paid as scheduled by management.
18. We recommend that players visit the rules page on a regular basis. Management reserves the right to edit the site Rules without prior notice.