Howzat Withdrawal- How To Withdraw And Deposit Money?

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Howzat: Beat the Legends & Win Big

Howzat is one of the finest online fantasy sports platforms in India. It is owned and run by Howzat Pvt. Ltd. It allows sports enthusiasts to actively participate in their favorite sports and earn real money using their talents and sports knowledge.

Howzat is one of the fastest-growing online fantasy sports platforms. It was launched in 2019, and it has a 4.5-star average rating, with a user base of over 10 million regular gamers from around the country. It offers major sports, exciting competitions, and enormous prizes to all its users.

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Howzat aims to provide every sports fan in this sports-crazed country with the most incredible online fantasy sports gaming experience possible. It wants to give consumers the same thrill and excitement on their cellphones as they would get watching a game on the field and revolutionize the online fantasy sports market. Also, get a complete guide on How To Download, Login, Sign In, Register Howzat.

Howzat has established itself as one of the most sophisticated and user-friendly fantasy sports applications. The use of cutting-edge technology, as well as constant upgrades and additions of new features, ensures that you enjoy the most incredible possible experience. Moreover, the seamless Howzat money transfer process will surely keep you satisfied. Also, Earn Huge by Best Howzat Tips And Strategy For Winning.

How to withdraw money from Howzat

  1. Open the Howzat app on your mobile device.
  2. Click on "More" on the bottom menu bar.
  3. From the list of options, click on the "Withdrawal" option.
  4. Here, you can either withdraw money using bank information or using UPI by selecting the respective option.
  5. If you want to Withdraw using bank account information, click on "BANK," and if you want to withdraw using UPI, click on "UPI."
  6. If you select BANK, enter the required details such as the Amount, Account Number, and IFSC Code of your Bank. Then, click on "Verify and Proceed."
  7. If you select UPI, enter the required details, such as the Amount and your UPI ID. Then click on "Verify and Proceed."
  8. Howzat will require a maximum of two to three days to withdraw the money into your bank account.

It is important to note that the minimum withdrawal in Howzat is ₹50, whereas the maximum withdrawal limit is ₹2,00,000.

Click here to watch the complete video on How to withdraw money in Howzat.

How to deposit money on Howzat

  1. Open the Howzat app on your mobile device.
  2. Click on "More" on the bottom menu bar.
  3. Click on your profile to go to your account.
  4. Click on balance.
  5. Here you can see various money deposit offers. You can select any of the fantastic offers to get extra cash in the app, or you can enter your preferred amount in the amount section.
  6. Click on "Have a promo?" and enter promo codes or Howzat redeem code to get amazing offers on deposits.
  7. Click on the "Deposit" button.
  8. Here you can see many Howzat deposit options. You can select any payment method as per your preference.
  9. Once you complete the payment, the money is added to your account instantly. However, if you believe there is some error and did not receive the money in your account, you can contact Howzat support within three days of deposition.

It is important to note that the minimum deposit amount in Howzat is ₹25, and the deposit time is instant.

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Withdrawal methods on Howzat

Howzat offers three different withdrawal methods: Bank, UPI, and PayTM. Howzat's minimum withdrawal amount limit is ₹50, and the maximum Howzat withdrawal limit is ₹2,00,000. Moreover, Howzat withdrawal time is a maximum of two to three days.

Howzat Bank withdrawal:

Howzat Bank withdrawal offers a withdrawal of your earnings directly into your bank account, using your bank information. It requires your bank information like the Amount, Account Number, and IFSC Code of your Bank. However, users should verify their bank account on the app before withdrawing.

Howzat UPI withdrawal:

UPI withdrawal offers a smooth withdrawal using your UPI ID. You will only require your UPI ID to withdraw cash using UPI. Simply enter the amount and your UPI ID and click on withdraw.

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Howzat PayTM withdrawal:

Users can also withdraw their earnings directly into their PayTM wallet. However, before you withdraw your earnings to your PayTM wallet, you must complete the KYC. Here you know about how to withdraw money from howzat to Paytm.

Terms and conditions for withdrawing money from Howzat

Following are the terms and conditions for withdrawing money from Howzat

  • Users have to complete the KYC process before withdrawing the earnings into their account. The KYC process includes verifying the Mobile number, Address, and PAN Card.
  • You cannot withdraw cash from the bonuses bucket. However, you can use it to join contests and win more. Users can withdraw these winning later.
  • The account only needs to be verified once per user. However, users might have to re-verify their accounts if they make any changes.
  • After the Howzat withdrawal process is begun, it will take a maximum of three days to credit into your bank account. However, if the users believe there is some error in the process, they can contact Howzat customer support within three days of the transaction.
  • The Howzat minimum withdrawal limit is ₹50, whereas the maximum Howzat withdrawal limit is ₹2,00,000

How to verify bank account on Howzat

  1. Open the Howzat app on your mobile device.
  2. Click on "More" on the bottom menu bar.
  3. From the list of options, click on the "Withdrawal" option.
  4. Here select the Bank withdrawal option.
  5. Enter your Bank account number and IFSC code of your branch.
  6. Upload your bank documents, including passbook front page copy, Bank Statement, or cheque with your name printed on it.
  7. You cannot use the same bank account for multiple Howzat accounts.
  8. The use of an NRE account is not authorized for Howzat withdrawal.

How to do PAN card verification on the app

  1. Open the Howzat app on your mobile device.
  2. Click on "More" on the bottom menu bar.
  3. From the list of options, click on KYC.
  4. Here, enter your PAN number.
  5. Upload the Front Copy image of your PAN card. Make sure the image you upload is clear, and every detail on the card is visible.
  6. Howzat will require a maximum of three to five days to verify your PAN.
  7. You can only use the one bank account data on one Howzat account. Similarly, you can only link your PAN to only one Howzat account.

Howzat Withdrawal time

Once you request your Howzat withdrawal, Howzat instantly starts the transaction process. However, it takes a maximum of three to five working days to complete the transaction process. Various factors affect the Howzat withdrawal time, including the number of withdrawal requests, holidays, banks, and more.

However, you must confirm your Howzat account before you can request a withdrawal.

Howzat Withdrawal fees

Howzat does not charge any withdrawal fees. However, However, all the prizes are subject to a tax deduction (or TDS) as per the Income Tax Act 1961. The TDS rate prescribed by the Government of India for any prize money amount above ₹10,000/- is 30 percent, and Howzat will deduct TDS of 30% on Net Winnings.

Daily Howzat withdrawal limit

The daily Howzat withdrawal limit on Howzat is ₹2,00,000, whereas the minimum Howzat withdrawal amount is ₹25. However, players can only withdraw the money they have earned by playing. The bonuses and referral cash earned is not withdrawable. Players can use this cash to participate in a contest and win. This way, the money is converted to earnings, which is withdrawable.

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Why the withdrawal requests get cancelled Howzat

There are various reasons for which Howzat can cancel the withdrawal request. However, Howzat 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 canceled.

  • If the Name, IFSC Code, or account number of your given Bank account are found incorrect, Howzat will cancel the withdrawal request. However, the user can re-verify their bank account by following the steps as mentioned above with correct details, and request the withdrawal again.
  • If a user violates any FairPlay rules, Howzat will cancel the withdrawal request. Players can read the FairPlay rules on the Howzat website to avoid violating any FairPlay rules.

When will the withdrawal be processed

Once you request your withdrawal, Howzat instantly starts the transaction process of your withdrawal. Sometimes the withdrawal is processed within a few hours, whereas sometimes, it takes three to five working days to complete the transactio. Various factors affect the withdrawal time, including the number of withdrawal requests, holidays, banks, and more.

How to cancel the withdrawal request on Howzat

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

  1. Open the Howzat app on your mobile device.
  2. Click on "More" on the bottom menu bar.
  3. From the list of options, click on the "Withdrawal" option.
  4. Here, click on the "History" button on the top right side of the screen.
  5. Now, select the withdrawal request you want to cancel.
  6. The detailed page for that withdrawal request will open. Here, click on the "Cancel" button.
  7. The edit option will allow you to make changes in the withdrawal request, whereas the cancel option will start the cancellation process of the request.

It is important to note that a user can only request cancellation if the withdrawal process is not yet started. If the process has already begun, the user cannot cancel it.

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

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