How To Withdraw Money from HotSports?
HotSports withdrawal process is an easy and swift method where user can withdraw their winnings
whenever they feel like. In order to initiate the withdrawal process, the user has to complete their
KYC as it a mandatory step. Once the KYC is done on the HotSports app and after the verification,
click on the profile tab, click on the wallet and choose the method of withdrawal. You will have to
agree to the terms and conditions and then click on final submission. For further withdrawal related
queries contact our customer support and we will happily help.
What is The Withdrawal Limit on HotSports?
Once you have deposited the amount as per the contest want to play and made a good return on
your investment, you will be able to withdraw the amount in your bank account linked with the app.
It is important to note that the minimum withdrawal limit on HotSports is RS100 for the total
winnings from the games you have participated.
What are the withdrawal methods available on HotSports?
At HotSports the players can transfer their winning directly to the bank account linked to their
wallet. Before starting the withdrawal process you have to complete your KYC and registration
process. There are methods available for withdrawing your winnings into your account.
1. Bank Withdrawals-
- Maximum withdrawal of Rs 2,00,000 is allowed per day.
- For withdrawal amount of Rs 10,000 or more, a flat Rs10 of the withdrawal amount (after TDS) will be levied.
- To use this feature user must get the KYC verified on the HotSports portal.
- The user’s previous transaction should not be in the pending state.
- The transaction may be processed in 2 to 3 working days.
2. Instant Withdrawals (IMPS)
- Maximum withdrawal of Rs 1,00,000 is allowed per day.
- For up to the withdrawal amount (after TDS) of Rs 1000, Flat Rs 5 per transaction will be levied.
- For withdrawal amount from Rs 1,001 to Rs 50,000 (after TDS), flat Rs10 per transaction will be levied.
- For withdrawal amount of Rs 50,000 (after TDS), flat Rs 15 per transaction will be levied.
- To use this feature, users must get the KYC verified on HotSports portal.
- Only one transaction can be made in 24 hours.
How to Deposit Money on the APP?
In order to deposit money on the HotSports app, simply tap on my profile icon on the app. Click on
the wallet symbol, here you will be able to check the balance of your wallet. Considering you have
registered yourself on the app, you will be able to transfer the funds directly in your wallet through
your bank account.
Terms and conditions for Withdrawing Money.
To withdraw your winnings from HotSports app you need to pass the eligibility criteria. First thing
the user needs to do is complete the registration process and create an account. Once done you
need to verify yourself using a mobile number and an email address. Next complete the KYC process
as mentioned on the app. Please ensure to add your PAN card details within 30 days after
installation of the HotSports app. The minimum amount you can withdraw is RS 100 and in 24 hours
you will be able to do one withdrawal.
What is the customer onboarding procedure? What is the process for a user to withdraw the winning amount?
The customer has multiple options to download the HotSports app. The customer can visit our
website, i.e., www.hotsports.io. The user has a choice to install the app by scanning the QR
code or get the app apk link on his phone number. The user must finish the two-step verification
process after installation by using an OTP to confirm his email address and phone number. The
customer can deposit the money and begin his fantasy journey on HotSports once the
verification process is complete. To withdraw the winnings from HotSports, complete the KYC
process before you encash your winning, as it is mandatory to do so. Once done with KYC on
the HotSports app, click the profile tab, click on the wallet, and choose the method of withdrawal.
You will have to agree to the terms and conditions and then click on the final submission.
What is the minimum and maximum deposit and withdrawal limit?
The minimum deposit limit on the HotSports app is Rs 100, and the maximum is Rs 99,000. The
minimum withdrawal limit is Rs 100, and the maximum is Rs 1,00,000 per day. For withdrawals
of Rs 10,000 or more, a flat Rs 10 of the withdrawal amount (after TDS) will be levied.
Can the source amount for recharge be different from the account
where the money is being withdrawn? How does this verification happen?
Yes, the user can change the amount in which the money is being deposited and can change
the account in which he wants to withdraw. However, the main condition is that both accounts
must be under the user’s name, and the user has to contact our customer support team to
remove his existing account, and the new bank account details will be added. According to the
company's policy and government regulations, the user must wait 30 working days after the
request is forwarded before changing his bank information. The user can only have one bank
account at a time for deposits and withdrawals.
How many accounts can be created by a single user?
HotSports users are allowed to create only one account. Having multiple accounts violates our
fair play policy, and the user’s account will be terminated.
Play Store/App Store link?
The app can be downloaded by simply visiting our website. The user can download our app by
scanning the QR code or by receiving the app link via their phone number.