Fanmojo Withdrawal - How To Withdraw And Deposit Money?

Table of content:

What is the Fanmojo app?

Fanmojo is one of the largest freemium fantasy sports platforms in India. It is owned and operated by U2opia Global. It allows the users to actively play skill-based games to earn money using their knowledge and skills.

It was founded in 2015 by Dhiraj Bajaj and Karanpreet Singh. For millions of Indian sports lovers and gamers, Fanmojo provides a variety of casual games such as fantasy cricket, football, and Kabbadi.

Fanmojo is on a mission to transform the fantasy sports industry, with the company's founders pledging to spread fantasy sports across India. The Fanmojo app allows sports fans to better participate in matches and experience the excitement of being a team owner rather than just a spectator.

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FanMojo focuses on making the user experience as simple as possible when playing a game, with several built-in tools to aid in the speedy construction of a user team. The platform offers all the leading payment options from net banking, UPI, wallets, credit, and debit cards for easy transactions. FanMojo simplifies the game while boosting the whole sports industry and making the athletes and the game more visible!

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How to withdraw money from Fanmojo?

  1. Open the Fanmojo app on your mobile device.
  2. Click on the "Balance" icon on the top right side of the screen.
  3. On the next page, scroll down and click on the "Withdraw" button under the "Withdrawable Balance" option.
  4. Here, enter the amount you want to withdraw from your wallet.
  5. Then, link your UPI account to the Fanmojo account by clicking on the "Link" button beside the UPI option.
  6. Once you link your UPI account with Fanmojo, click on the "Next" button.
  7. Now, Fanmojo will start the transaction process, and the money will be deposited into your account within a few minutes.
  8. Usually, the transaction is processed within a few minutes. However, Fanmojo might sometimes require a day or two to withdraw the money into your bank account depending upon the factors like the number of withdrawal requests, bank traffic, and more.

It is important to note that the minimum withdrawal in Fanmojo is ₹200, whereas the maximum withdrawal limit is ₹5000.

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How to deposit money on Fanmojo?

  1. Open the Fanmojo app on your mobile device.
  2. Click on the "Balance" icon on the top right side of the screen.
  3. Next, click on the Add Money button under the Wallet Balance option.
  4. On the next page, various money deposit offers can be found. You can choose from several wonderful offers in the app to earn additional cashback, or you can enter your amount in the amount section.
  5. Enter Fanmojo redeem code, if you have one, to get fantastic offers on deposits.
  6. Click on the "Deposit" button.
  7. Now click on the "Add Money" button.
  8. Here you can see many Fanmojo deposit options such as PayTM, Wallets, BHIM UPI, Credit Cards, Debit Cards and Net Banking. Select any of your preferred payment methods.
  9. The money will be credited to your account immediately after making the payment. If you feel there was an error and you have not received the funds in your account within three days, you can contact Fanmojo support.

It is important to note that the minimum deposit amount in Fanmojo is ₹10, whereas the maximum deposit amount is ₹9999. The time to process the transaction may vary from a few minutes to a few hours, depending upon your payment method.

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Withdrawal methods on Fanmojo

Currently, Fanmojo only offers one withdrawal method, i.e. BHIM UPI. Fanmojo minimum withdrawal limit is ₹200, and the maximum Fanmojo withdrawal limit is ₹5,000. Moreover, Fanmojo withdrawal time is a maximum of two to three days.

Fanmojo BHIM UPI withdrawal:

UPI withdrawal offers a smooth and seamless money withdrawal using your BHIM UPI ID. You will only require your UPI ID to initiate the withdrawal process using the UPI method. Users simply need to enter the amount they want to withdraw and the BHIM UPI ID linked to their bank account. Users should only enter the BHIM UPI ID linked to the account they wish to withdraw the money.

Terms and conditions for withdrawing money from Fanmojo

Following are the terms and conditions for withdrawing money from Fanmojo

  • Users should carefully enter their BHIM UPI ID while withdrawing the money. Entering the wrong BHIM UPI ID might lead to the cancellation of a withdrawal request or withdrawal into someone else’s bank account.
  • One user is only allowed to withdraw money once per day.
  • If the withdrawal amount is less than ₹500, Fanmojo will deduct a transaction charge of 2.35 per cent per transaction.
  • After you start the Fanmojo withdrawal process, it will take up to three days for your money to appear in your bank account. Users can contact Fanmojo customer service within three days after the purchase if they think there was an issue in the process.
  • The Fanmojo minimum withdrawal limit is ₹200, whereas the maximum Fanmojo withdrawal limit is ₹5000.

How to verify a bank account on Fanmojo?

Users don’t need to verify their Bank Account to play on Fanmojo.

How to do PAN card verification on the app?

Users don’t need to verify their PAN Card to play on Fanmojo.

Fanmojo Withdrawal time

When you request a Fanmojo withdrawal, the transaction is initiated immediately. Depending upon various factors, the transaction procedure might take three to five working days to complete. The volume of withdrawal requests, holidays, banks and other factors impact the Fanmojo withdrawal time.

Before requesting a withdrawal, you must first validate your Fanmojo account.

Fanmojo Withdrawal fees

If the withdrawal amount is less than ₹500, Fanmojo will deduct a transaction charge of 2.35 percent per transaction. Furthermore, under the Income Tax Act of 1961, all rewards are subject to a tax deduction (or TDS). The TDS rate imposed by the Government of India for any prize money sum above ten thousand rupees is thirty percent; therefore, Fanmojo will deduct thirty percent of Net Winnings as TDS.

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Daily Fanmojo withdrawal limit

The daily Fanmojo withdrawal limit on Fanmojo is ₹5000, whereas the minimum Fanmojo withdrawal amount is ₹500. However, players can only withdraw the money once per day.

The incentives and referral money won't even be able to be withdrawn. Players can use this money to enter and win a contest. The money is transformed into earnings, which may be withdrawn in this manner.

Why do the withdrawal requests get cancelled Fanmojo?

There are various reasons for which Fanmojo can cancel the withdrawal request. However, Fanmojo only cancels withdrawal requests if the cancellation is legitimate, and the reason is always mentioned. Following are a few reasons your withdrawal request might get cancelled.

  • If the BHIM UPI ID given by the user while withdrawing money is wrong, Fanmojo might cancel the withdrawal request.
  • Fanmojo will cancel a withdrawal request if a user breaks the FairPlay guidelines. To prevent breaking any FairPlay restrictions, players should read the FairPlay guidelines on the Fanmojo website.

When will the withdrawal be processed?

When you request a withdrawal, Fanmojo instantly starts the withdrawal transaction process. The withdrawal may be processed in a matter of minutes, or it may take up to three to five working days to complete the transaction. The number of withdrawal requests, holidays, bank traffic, and other factors influences the withdrawal time.

How to cancel the withdrawal request on Fanmojo?

Follow the below-given steps to cancel your withdrawal request.

  1. Open the Fanmojo app on your mobile device.
  2. Click on the "Balance" icon on the top right side of the screen.
  3. Next, scroll down and click on the "Transaction Details" button below the "Withdrawable Balance" option.
  4. From the list of previous transactions, select the withdrawal request you want to cancel.
  5. Click on the "Cancel" button on the detailed page of that withdrawal request.
  6. The cancel option will start the cancellation process of the request.

It's important to note that a user may only request cancellation if the withdrawal procedure has not yet commenced. The user cannot stop a process that has already started.

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Question Answer
Is Fanmojo legal in India? Fanmojo is completely legal in India, and it follows all the rules and regulations given by the government of India.
What games does Fanmojo offer? Fanmojo offers fantasy cricket, football, and kabaddi. Moreover, it also features a few casual games.
Is the Fanmojo app available on PCs? No, the Fanmojo app is not available on PCs.
Can I make multiple accounts on Fanmojo? No, creating multiple accounts violates our Terms & Conditions and Fair Play Policy.
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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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