How To Withdraw and Deposit Money From My Team-11

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My Team-11 is a popular Indian online fantasy sports app trusted by more than 18 million users. It was launched in 2016 and is the second-largest lender in the market. My Team-11 is a gaming platform that engages millions of Indians, giving a boost to online fantasy gaming.

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At My Team-11, you get the best online fantasy gaming experience by playing fantasy sports that include Cricket, Football, Kabaddi, Football, Basketball, and Hockey. Play your favourite fantasy sports on My Team-11 by creating your best fantasy team and joining multiple contests. Winning the contests will reward you with exciting real cash prizes, and your winnings are credited in the My Team-11 Wallet section.

My Team-11 withdrawal can be made after successfully verifying Mobile, Email, PAN, and My Team-11 bank account verification.

How can you withdraw your money from My Team-11?

After winning the contest you joined, you win real cash. The cash won is deposited in the Wallet section as Your Winnings. Now you can make My Team-11 withdrawal. The My Team-11 cash withdrawal process is simple. Follow the steps below, and then you will know how to withdraw money from My Team-11.

Step 1: Open the My Team-11 app and log in with your phone number or email ID.

Step 2: Enter the verification code and enter the My Team-11 lobby.

Step 3: Click on the Wallet tab at the bottom. Here, you can see the Total Balance that includes your winnings, which can be withdrawn after verifying your My Team-11 account.

Step 4: Next, enter the amount you want to withdraw and select from the My Team-11 cash withdrawal requests available. Please note that the My Team-11 minimum withdrawal amount is ₹200.

How to make deposits on My Team-11?

After successful sign-up on My Team-11, you receive a sign-up bonus of Rs 100. And, if you have the My Team-11 redeem code, you get an additional bonus of Rs 100. There is also a Refer and Earn feature, where you get Rs 50 on every referral. These cash bonuses can be used to join 100% bonus contests. Also, there are some other contests where you can use 5% to 10% of the bonus cash, and the rest should be real deposit cash.

Therefore, to join & play those contests, you need to make deposits on My Team-11. Head over to the Wallet tab on the home lobby to do so. There, you will find the +ADD CASH option. Deposit instantly in your My Team-11 account.

Remember, the minimum deposit is Rs 10.

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What are the withdrawal methods in My Team-11?

As you know how to withdraw money from My Team-11, you would also like to know about My Team-11 money withdrawal methods. There are two My Team-11 cash withdrawal methods through which you can process my Team-11 withdrawal request. These are:

  1. My Team-11 Paytm withdrawal for transferring your winnings into your Paytm wallet.
  2. My Team-11 instant withdrawal in your bank account.

Terms and conditions for withdrawing money from My Team-11

Below are some of the terms and conditions for My Team-11 cash withdrawal:

  • All users of My Team-11 should complete My Team-11 bank account verification & also PAN card verification.
  • Daily My Team-11 minimum withdrawal amount is Rs 200 & maximum my Team 11 withdrawal limit withdrawal amount is Rs 100,000.
  • Users who have deposited Rs 5000 or more will be eligible for My Team-11 instant withdrawal.
  • There shouldn't be any violation history of the user requesting an instant cash withdrawal.
  • In case of any disagreement, dispute, or concern, My Team-11 holds the right to put the withdrawal requested on hold until it gets resolved.

How to do bank account verification on My Team-11?

My Team-11 bank account verification procedure can be done by following the steps stated below:

Step 1: Open and login to My Team-11 & enter the lobby on the Home tab.

Step 2: In the top left corner, click on the My Team-11 Avatar and click on the symbol >.

Step 3: At the bottom, click on Verify Bank under the Profile Verification section.

Step 4: On the next window, click on the Verify button, fill in the verification form and click on Verify Account Number.

Your bank account verification might take up to 3 to 4 hours.

How to do PAN card verification on My Team-11?

Here is how you can verify your PAN card on My Team-11 necessary for making My Team-11 withdrawals:

Step 1: Repeat Steps 1 & 2 of how to do bank account verification on My Team-11 mentioned above.

Step 2: Under the Profile verification action, click on Verify Account.

Step 3: In front of the PAN section, click on the Verify button.

Step 4: Next, upload a clear picture of the front side of your PAN card with your image visible.

Step 5: Fill out the PAN card verification form and click on the Verify PAN Card button.

Your PAN Card verification will complete within 3 to 4 hours.

Withdrawal time on the My Team-11

You will be glad to know that the My Team-11 withdrawal time is minimal. The instant cash withdrawal feature of withdrawing money into your Paytm Account or Bank Account enables little withdrawal time.

So, you don't have to wait long while you continue with the  My Team-11 withdrawal process.

Withdrawal fees of the My Team-11

There are no, Myteam, 11 cash withdrawal fees when you put in a withdrawal request. But, there is TDS(Tax Deducted at Source) deducted on your net winnings. If your net winnings increase above Rs 10,000, there will be a deduction of 30% TDS.

What is the daily withdrawal limit on My Team-11?

The daily My Team-11 withdrawal limit ranges between Rs 200 to Rs 100,000. When you process an Instant Paytm Withdrawal request, you can withdraw up to Rs 5000 per transaction. And, for My Team-11 instant withdrawals to a bank account, you can withdraw up to Rs 10,000 per transaction.  Therefore, My Team 11 minimum withdrawal amount is ₹200 per transaction and maximum is ₹10,000.

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Why do the withdrawal requests get cancelled on My Team-11?

Many users have queries about why the My Team-11 withdrawal requests are cancelled. The reason is that there are some terms and conditions while withdrawing money. Users ignoring those terms & conditions might face issues regarding the withdrawal request on their daily My Team-11 withdrawal limit.

Also, if your My Team-11 account is not verified, i.e., Mobile number, Email ID, PAN Card, Bank Account, your withdrawal request will get cancelled.

When will the withdrawal be processed?

As you have seen, the My Team-11 withdrawal process is straightforward. Generally, My Team-11 cash withdrawal request is processed in 2 to 3 working days. The instant Paytm withdrawal takes 1 to 2 hours, whereas the My Team-11 instant withdrawal takes 2 to 3 hours.

How to cancel the withdrawal request on My Team-11?

If your My Team-11 account faces any unforeseen event such as any technical glitch, your withdrawal request may be on hold. There is a 24x7 Chat Helpline on My Team-11 to cancel such withdrawal requests.

Under the Wallet Section, there will be an option of View Statement, where you can check your recent transactions. Click on the top-right symbol in the window for the chat helpline. Provide them with the registered email ID of your My Team-11 account, where you want to cancel the request. Generally, it takes less than 48 hours to cancel the withdrawal request.

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Question Answer
What will happen if My Team-11 withdrawal is not processed within 2 to 3 days? You might have violated the Fair Play terms or general T&Cs. Please check your registered email verified on My Team-11 for any communication.
What are My Team-11 credits, and why can I not withdraw them? My Team-11 credits are provided as an amount from different promotions, schemes & offers having an expiry date of 14 days. So, you cannot withdraw it but can be used to join contests.
Even after agreeing with the Fair Play Terms of My Team-11, how long are my withdrawals kept on hold? Dear user, your withdrawal request will be processed within 5 to 7 working days.
Can I use multiple My Team-11 accounts on a single device and withdraw my winnings? Dear user, please ensure that you fulfil all the mandatory formalities required for account verification in multiple accounts to proceed with the withdrawal process.
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About The  

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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