The 11ic withdrawal policy India is designed to facilitate secure and efficient transfers of winnings directly to Indian bank accounts, typically using local payment methods like UPI/Bank Transfer. The policy includes specific limits, processing times, and important security requirements.
I. Withdrawal Limits and Processing Times
The withdrawal policy sets clear financial boundaries and expectations for when players will receive their funds.
Financial Limits (INR)
The platform maintains specific limits for transactions. The minimum amount an Indian user can request for withdrawal typically starts at ₹1,500. For high-volume players, a daily maximum withdrawal limit is usually imposed, which is often capped at ₹500,000. Note that these limits may be higher for members of the VIP program.
Processing and Transfer Time
The time it takes to receive your funds depends on the payment method chosen:
- E-Wallets (e.g., Skrill, Neteller): These are often the fastest option, with funds arriving immediately to a few hours after approval.
- Bank Transfer / UPI: Funds sent directly to your Indian bank account typically take 2 to 5 Business Days. The total time is a combination of 11ic’s internal review and your bank’s subsequent processing speed.
II. Key Security and Eligibility Requirements
To ensure compliance and security, 11ic enforces strict rules before any withdrawal is approved and processed.
Mandatory KYC Verification
Before the first withdrawal can be processed, all Indian players must complete the Know Your Customer (KYC) verification. This involves submitting documents (like Aadhar Card, Passport, or Driver’s License) to confirm your identity and residential address. Withdrawals will be blocked until KYC is successfully completed.
Wagering and Bonus Turnover
- Deposit Turnover: Funds deposited must typically be wagered at least once before they become eligible for withdrawal. This is an anti-money laundering measure.
- Bonus Wagering: Any winnings derived from a bonus (e.g., a Welcome Bonus) can only be withdrawn after the specified wagering requirements (turnover) for that specific bonus have been fully met.
Account Name Match
The withdrawal must be made to a bank account or payment method held in the exact name of the registered 11ic account holder. Withdrawals to third-party accounts (a friend or relative) are strictly prohibited for security reasons.
III. Step-by-Step Withdrawal Process
Here is the general procedure for Indian players to request a withdrawal:
- Log In: Access your 11ic account.
- Navigate to the Cashier: Go to the “Wallet,” “My Account,” or “Withdrawal” section.
- Select Withdrawal Method: Choose the desired method, typically Bank Transfer/UPI, as it is the standard for direct bank payouts in India.
- Enter Account Details: Provide your complete and accurate Indian bank account information, including Account Number, IFSC Code, and Account Holder Name. Note: If you have previously deposited using a method like UPI or NetBanking, the platform may auto-populate or restrict the withdrawal to that same channel.
- Specify Amount: Enter the withdrawal amount, ensuring it is above the minimum limit (₹1,500) and that you have enough funds available that meet the wagering requirements.
- Confirm and Submit: Review the details and submit the request. The request will then move into the platform’s processing queue for review and approval.