Faboom Withdrawal - How To Withdraw And Deposit Money?

Table of content:

What is the Faboom App?

Faboom is India's first fantasy sports app where you can use your fantasy gaming and strategic skills to win real cash. Faboom has recently redirected its domain name to ‘addagames’. At addagames, you can play fantasy cricket and football along with many other games such as poker, rummy, call break, fruit chop, and tower twist. It is 100% safe and legal.

At Faboom, the money that you win by playing multiple games is deposited in the ‘My Wallet’ section. From there, you can do Faboom Withdrawal and enjoy the cash whichever way you want.

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So, do you want to know how to withdraw money from faboom? Continue reading this article, and you will get all the information you need regarding the procedures of depositing money in the Faboom wallet and also Faboom Withdrawal.

How can you withdraw your money from Faboom?

  • Faboom withdrawal procedure is simple. You can easily make and withdraw money from Faboom (now addagames).
  • Follow the simple steps below and learn how to withdraw money from faboom.
  • Step 1: Open the Faboom app and log in with your phone number.
  • Step 2: In the Home tab lobby, tap on the ‘More’ tab at the bottom right corner. You can also tap on the wallet symbol on the top right corner that shows the current total available balance in your wallet.
  • Step 3: Next, tap on ‘My Wallet’ and then tap on the ‘WITHDRAW’ tab.
  • Step 4: Enter the amount you want to withdraw after completing the KYC verification, and then enter the bank details.
  • Step 5: Now, you need to enter the OTP that you received on your registered phone number.
  • Step 6: Thank You! Your Faboom withdrawal request has been submitted successfully.

Screenshots of the withdrawal steps

How to make deposits on Faboom?

Here’s how you can make deposits and add money to your wallet on Faboom:

  • First of all, open the app and log in to your Faboom account.
  • In the Home tab lobby, tap on the wallet symbol at the top right corner.
  • Now, you will be in the ‘ADD CASH’ section.
  • Enter the amount you want to deposit and tap on ‘ADD CASH’. Please note that the entered amount should be at least Rs 10.
  • There are many options available that you can use to deposit your cash like UPI, Credit/Debit Cards, Net Banking. All of them are 100% trusted, safe, and secure.
  • Choose any one payment method and tap on ‘MAKE PAYMENT’.

Congratulations! You have successfully deposited the amount. You can check on My Wallet for Deposit Balance.

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What are the withdrawal methods at Faboom?

Before you initiate Faboom minimum withdrawal, you need to verify your account by providing Email ID & PAN card details. After successful account verification, you will be able to continue with the Faboom Withdrawal procedure.

Currently, you can withdraw money from Faboom only into your bank account after submitting your bank details.

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Terms and conditions for withdrawing money from Faboom

  1. There are some terms and conditions of Faboom or addagames while you execute Faboom withdrawal. Below mentioned points are some of the T&Cs of the app:
  2. The application allows its users to withdraw winnings from their wallets only after their Bank account & Pan card verification is complete.
  3. Faboom minimum withdrawal amount is Rs 5.
  4. All users can make Faboom withdrawals only within their transaction limits.
  5. There are withdrawal charges levied on each transaction.
  6. All the withdrawals will be processed only between 11 AM to 6 PM on bank working days.

How to do bank account verification on Faboom?

It is very important to verify your bank details in order to complete Faboom withdrawals. Here are the steps for bank account verification:

Step 1: Open and log in to your Faboom account.

Step 2: In the home screen lobby, tap on the wallet symbol on the top right corner of your mobile screen.

Step 3: Switch to the ‘Withdraw tab’ and then you will be asked to verify your bank account.

Step 4: Provide your bank details to complete your bank account verification procedure.

Screenshot of account verification

How to do PAN card verification on Faboom?

For the PAN card verification on Faboom, follow the below steps:

Step 1: Open the app and log in to Faboom your account.

Step 2: Tap on the profile symbol at the top of your mobile screen and to the left of the wallet symbol.

Step 3: You will find the PAN card details section. Tap on the ADD button.

Step 4: Next, upload the PAN Image, and your PAN card verification will start.

Please note that the PAN card details are required before making a Faboom withdrawal.

Screenshot of PAN verification:

Withdrawal time on Faboom

When you place a withdrawal request on Faboom, the withdrawal time is not too much. The faboom minimum withdrawal amount of Rs 5 will be deposited into your bank account within three to five working days. In general, it takes less than four days to deposit your Faboom withdrawal amount.

Withdrawal fees of Faboom

There are no withdrawal fees charged by Faboom (now addagames). But your winnings are subjected to a TDS deduction of 30% when the winning amount is more than Rs 10,000 in a single contest.

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What is the daily withdrawal limit on Faboom?

The faboom minimum withdrawal amount should not be less than Rs 5, whereas there is no upper limit on the maximum withdrawal amount. So, you can withdraw all your winnings that are shown in the Total Balance section. Also, there is no daily withdrawal limit. Thus, you can withdraw any number of times.

Why do the withdrawal requests get cancelled on Faboom?

Now, as you have come to know how to withdraw money from faboom, you should also know why your withdrawal request may get cancelled. The following points may be the reason why your Faboom withdrawal request gets cancelled:

  • The faboom minimum withdrawal amount is less than Rs 5.
  • Your bank account details are incorrect.
  • Your PAN card image is not as per the requirements.
  • Your PAN Card and Bank Account name are not the same.
  • Violating any of the T&Cs or Fair Play policies of Faboom.

When will the withdrawal be processed?

Faboom ensures that all its users have a mind-blowing gaming experience and customer support. All users must note that any requested withdrawal would be processed within 24 hours.

So, you don’t have to wait long since after the withdrawal request is under process, you will receive the faboom withdrawal amount within four bank working days.

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How to cancel the withdrawal request on Faboom?

  1. It should be noted that the faboom withdrawal request you make cannot be cancelled directly by you. But this isn’t a  matter of worry as you can reach out to us. Here are our contact details:
  2. Write to us at [email protected]
  3. Send a message to our Facebook profile by clicking here.
  4. Tweet us here

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FAQs

  1. What is addagames?

Dear user, addagames previously known as Faboom is a real money winning online gaming app where you can play multiple games and win big.

2. Can I play, win and withdraw money from Faboom given my age is 16+?

No. According to the T&Cs of Faboom, all users must be at least 18 years old.

3. How to withdraw money from faboom?

Dear user, you can refer to the section ‘How can you withdraw your money from Faboom?’ mentioned above.

  1. What are the PAN card details I have to give while withdrawing money from Faboom?

Dear user, you only need to upload a clear picture of the front side of your PAN card. The image should be perfectly captured and uploaded to avoid withdrawal request cancellation.

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About The  
Author

Rohan Mathawan
Rohan Mathawan

This article is authored by Rohan Mathawan, who is presently working as the Vice President of Media Sales and Operations at Techstory Media. Rohan started his career as an online gaming and technology content writer and has written more than 5000+ articles for reputed brands and companies like Techstory Media, MarketingCrap, and a few other ad agencies in the last 4 years. Rohan loves to read about online gaming during his pastime. His passion to create content about online gaming drive him to dive deep into the research of the topic and the result is a highly relevant and captivating piece of content that is appreciated by his readers.

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