Can I transfer dream11 money to Paytm? Paytm is one of the most popular payment apps in India and has a very large number of users.
It is natural then that a lot of the customers of dream11 would want to use their Paytm account or Paytm bank account to deposit and withdraw money directly from their dream11 money balance.
Coming to the question of transferring dream11 money to Paytm, that is a bit more complicated than it used to be. Read on to find out.
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Can I transfer dream11 money to Paytm in India?
Before we answer this question, let us revise how to properly create an account and verify your KYC details in order to avoid dream11 money transaction problems.
As you all know dream11 app is a fantasy sports platform where you can enjoy gaming with your favourite teams and players. It is not considered a gambling site by the Government of India making its presence a bit legal. This makes the dream11 money transactions and several other processes secured for the customers.
Now let us see the instructions to create an account on the site and start the online betting,
- Visit the official website of dream11.
- Click on the register option available on the page.
- Enter your personal and account details.
- Enter a referral code if you have it prior.
- Click on the done button.
- Add your players, create a team and enjoy the game.
Now coming to the actual question, is dream11 money transfer to Paytm possible? Let us see.
Dream11 money transfer to Paytm. Is it an option?
There was a time when you could complete the KYC on your Paytm account and then add its details as the withdrawal option. Unfortunately, this option does not seem to work anymore.
Dream11, one of the best cricket betting apps, says that the latest compliance rules from the government dictate that the bank account being added must have an IFS code as well as the state in which the bank is located.
Paytm bank does not have this feature right now and so it cannot be added as the withdrawal option in Dream11.
Can I transfer dream11 money to Paytm? If you really want to withdraw money from your Dream11 to your Paytm account then you need to go through a circuitous route. You first need to add a bank account and withdraw your Dream11 balance to that. From there you can add it to your Paytm wallet or Paytm bank account as you normally do.
This is not ideal but we are sure there is a fix that is coming soon to make the process more convenient.
Keep in mind that you must have more than INR 200 to be able to make a withdrawal of Dream11 money and that your KYC must have been completed.
Without your account being verified, there is no way to make a withdrawal. The government will take 30% of your winnings over INR 10,000 (in one contest) as tax deducted at source.
Apart from this, you have other payment options like UPI, debit cards, credit cards, net banking, etc. Any of the methods are feasible and secured for you to deposit or withdraw the dream11 money in India.
Now that your question is answered, create an account immediately and enjoy the fantasy sports.