How to cash out your winnings safely and quickly — step-by-step process, all available methods, processing times, what causes delays, and how to fix every withdrawal issue.
Winning money is only satisfying if you can actually get it into your bank account. Reddybook's withdrawal system is designed to make this process straightforward, transparent, and fast — no hidden hurdles, no unexplained delays, and no surprise deductions that eat into your winnings.
When you win a bet or accumulate a balance in your account wallet, that money belongs to you and you can request to withdraw it at any time. The withdrawal process involves selecting your preferred method, entering the amount, confirming your identity, and then waiting for the transfer to be processed. For most users on standard accounts with verified details, this is a smooth process that completes within a few hours.
The platform processes withdrawals through the same channels used for deposits — UPI, net banking, and fast bank transfers. This means you do not need to set up any new payment methods for withdrawing. As long as you have used a payment method to deposit, that same method is available for withdrawal.
One thing to be aware of upfront is that the platform requires your account to be fully verified before processing your first withdrawal. This means your mobile number must be confirmed (done during registration) and your identity details must match what you provided when signing up. For larger withdrawals, additional document verification may be required — this is standard across all regulated platforms and protects both you and the platform from fraud.
You submit the request through the app or website. The amount is deducted from your available wallet balance immediately and held in a pending state while the request is processed.
The platform's payment team reviews the request to verify it is legitimate. Standard withdrawals pass this stage quickly. Larger amounts or first-time withdrawals may take slightly longer due to identity checks.
The withdrawal is approved and a transfer instruction is sent to the payment gateway. From this point, the money is on its way to your bank or UPI account. You may receive a confirmation notification.
The money appears in your bank account. For UPI and IMPS transfers this can be near-instant. For NEFT transfers it may take until the next business banking cycle. The overall timeline from request to receipt is typically 2–6 hours.
Open the app or website and sign in. Before requesting a withdrawal, make sure your account balance reflects the correct amount. If you recently won a bet and the market just settled, allow a minute or two for the balance to update before proceeding.
From the main dashboard or account menu, find your Wallet section. Your available balance is displayed here. Tap the "Withdraw" button — it is separate from the "Deposit" button, usually below your current balance display.
Choose how you want to receive your money. Options include UPI, bank account transfer, and other supported methods. If you have previously linked a bank account or UPI ID, it may already appear as a saved option — just select it. If not, you will be asked to enter your account details.
Type the amount you want to withdraw. Check the minimum withdrawal requirement — typically ₹200 to ₹500 depending on the method. Review all the details on screen carefully — the recipient account number or UPI ID, the amount, and any applicable processing notes.
For security, the platform may send an OTP to your registered mobile number to confirm the withdrawal request is authorised by you. Enter the OTP within the time limit shown. This step protects you in case your account has been accessed by someone else — the OTP goes to your personal phone, not anyone else's.
Tap "Confirm Withdrawal" or "Submit." You will see a confirmation message on screen and the requested amount will be deducted from your available balance immediately. Go to your transaction history to track the status — it will show as Pending, then Processing, then Completed as it moves through the stages.
| Method | Min. Amount | Max. Amount | Processing Time | Available Hours | Recommended? |
|---|---|---|---|---|---|
| UPI (GPay / PhonePe / Paytm) | ₹200 | ₹1,00,000+ | 15 min – 1 hour | 24 / 7 | ✓ Best Choice |
| IMPS (Bank Transfer) | ₹500 | ₹2,00,000+ | 30 min – 2 hours | 24 / 7 | ✓ Good |
| NEFT (Bank Transfer) | ₹500 | ₹5,00,000+ | 2 – 24 hours | Bank hours | For large amounts |
| Net Banking | ₹500 | Bank limit | 1 – 4 hours | Bank hours | Alternative |
UPI is the recommended withdrawal method for the vast majority of users. It is fast, available around the clock, works on all Indian mobile numbers, and the processing time is the shortest of all options. The only situation where bank transfer might be preferable is when withdrawing very large amounts that exceed UPI's per-transaction limits — in those cases NEFT or IMPS bank transfers are the practical alternative.
Account verification is a standard part of regulated betting platforms worldwide. It is not designed to make your life difficult — it is there to protect you. Verification ensures that only the real account holder can withdraw funds, which means that even if someone else gains access to your login details, they cannot withdraw your money without passing the identity check.
For most regular withdrawals under a certain threshold, your verified mobile number and standard account details are sufficient. The full document verification process is typically triggered when you request your first large withdrawal or when the platform conducts a routine account review.
The process is simple — you submit one or two documents, the team reviews them, and once approved your withdrawal is processed. Most verifications are completed within a few hours. Once your account is fully verified, future withdrawals of any amount are faster because the identity check is already on file.
Submitting accurate documents is important. If the name on your document does not exactly match the name you registered with, verification will fail. This is why using your legal name during sign up matters so much — a small difference in spelling can cause a frustrating delay that is easily avoidable.
The account number, IFSC code, or UPI ID entered does not match a valid account. Even a single digit error causes the transfer to fail.
The platform cannot process your withdrawal because your account still has pending verification steps — mobile OTP confirmation or document submission.
If part of your balance came from a bonus, there may be a wagering requirement — a minimum amount of betting — before those funds can be withdrawn.
The name on your Reddybook account does not exactly match the name on your bank account. This causes a rejection from the payment gateway.
In India, winnings from online gaming are subject to tax under the Income Tax Act. As of the current tax regulations, net winnings above a certain threshold are taxable. The platform may deduct TDS (Tax Deducted at Source) on applicable winnings before crediting them to your wallet, depending on current government regulations. It is your responsibility to be aware of your personal tax obligations on betting winnings. If you have questions about specific tax requirements, consulting a qualified tax professional is recommended. The platform will provide any required documentation (like a TDS certificate) if applicable to your account.
For standard UPI withdrawals, the money typically reaches your UPI-linked account within 15 minutes to 1 hour after approval. IMPS bank transfers take 30 minutes to 2 hours. NEFT transfers can take up to 24 hours depending on bank processing cycles. The overall time from request to receipt is usually 2 to 6 hours for the majority of users on regular accounts.
The platform itself does not charge a withdrawal fee. The amount you request is the amount that will be sent. However, your bank may apply a transaction fee for certain types of transfers — for example, some banks charge a small fee for IMPS or NEFT transactions. UPI withdrawals are generally free on both ends. Check with your bank if you are unsure about their specific charges.
In most cases, the withdrawal must go back to the same account used for depositing, or to an account registered in your own name that has been verified with the platform. Withdrawing to a third party's account is not permitted. If you need to update your withdrawal account, contact support with the relevant documentation to facilitate the change.
Maximum withdrawal limits depend on the method you choose and your account verification status. UPI transfers are typically capped at ₹1 lakh per transaction by the UPI network, but you can make multiple withdrawal requests. Bank transfers (NEFT/IMPS) support larger single amounts. Fully verified accounts generally have higher limits. Contact support if you need to arrange a large withdrawal above standard limits.
First, check your transaction history in the app to confirm the current status. If it still shows as Pending after 24 hours, contact customer support immediately and provide your withdrawal request ID and the date and time of the request. The support team can escalate it to the payments team and resolve it quickly in most cases. Delays beyond 24 hours are rare and are usually caused by a technical issue or additional verification requirement that the team can clarify for you.
The support team is available 24/7 to assist with any withdrawal question or issue. Message on WhatsApp for the fastest response.