KYC & Withdrawal Policy
This policy governs user verification and withdrawal of winnings earned through skill-based contests on IQBattles.
1. Nature of Winnings
IQBattles is a 100% skill-based competition platform. Withdrawals apply only to eligible winnings credited to the user wallet after completion of contests.
2. KYC Requirements
- Valid PAN Card (mandatory as per Indian regulations)
- Bank account details matching registered user name
- Any additional verification documents if required
3. Minimum Withdrawal
A minimum withdrawal amount may apply. Only verified users are eligible to request withdrawals.
4. Processing Timeline
Withdrawal requests are processed within 3–7 working days after successful KYC verification, through RBI-authorized payment gateways.
5. Tax Deduction (If Applicable)
Applicable taxes including TDS (Tax Deducted at Source) may be deducted as per Indian income tax laws before processing withdrawals.
6. Fraud & Compliance
The platform reserves the right to hold or reject withdrawals in cases of suspicious activity, multiple accounts, or policy violations.
7. Non-Compliance
Failure to complete KYC verification may result in withdrawal delays or permanent restriction.
8. Ownership & Jurisdiction
IQBattles is owned and operated by Rutvik Bhingradiya, Sole Proprietor, Gujarat, India. This policy is governed by the laws of India.
For withdrawal-related queries, contact: info@iqbattles.com