You can track your winnings in the "Summary" section in the "Portfolio" tab, where you can get an overview of the coins invested, realised and unrealised gain/loss along with coins remaining.
If your player stock is in a loss of 80% or more, it will be sold automatically, and the remaining amount will be added to your Wallet. We'll also send you an alert if it falls by 70% or further.
By giving away Discount XP, Sixer intends to offer our valued users an amazing investor experience. You can use this amount to trade on fantasy stocks and subsequently transfer them. They cannot be transferred directly.
Yes, you can use 10% of the total transaction from your discount bonus for trading. Let’s say you are trading for 100 stocks of a player, who is priced at ₹30. The total amount required will be 3000, out of which you can use a Cash Bonus of 300 (10% of the total amount) in this transaction.
Yes, your referral will also receive a Discount Bonus of 25 after signing up.
Yes, as the same scoring system is used for Up and Down positions, the performance average is also the same.
If a player in the Sixer Player Roster retires, you will be allowed to sell that particular player at the last sell price without any issue, regardless of the number of matches he has been held for in your portfolio.
Based on your skill and knowledge of the game, you can take up two positions:
No, you cannot hold UP and DOWN positions in the same player at the same time. For example, If you already own an UP position in a player, then you will not be allowed to buy a Down position in the same player.
In case of an abandoned match, the prices will be reset to what they where at the beginning of the match. The match will be marked as N/A with no price changes in the Sixer Market.
You can hold a player stock in your portfolio for a maximum of ten matches. Sixer's Flexi Portfolio option allows portfolio modifications based on the number of players owned: owning less than 3 players requires a minimum hold for 3 matches while owning 3 or more allows selling players after just one game., i.e. the player featuring in the squad. After the completion of the 10th match, your fantasy stock will be automatically sold.
No, you can even buy one player’s stocks in the Sixer Market and create your portfolio. However, you can sell them at any point once the stocks have satisfied the minimum match count requirement.
Yes, the trading fee for Up and Down positions may differ due to differences in supply and demand for future assets in the two positions.
No. For a player’s fantasy stock to be eligible for selling, he/she should be part of at least one squad game.
Yes, Men’s and Women’s cricketers and their performances (prices and match scores) are valued through unique scoring and pricing systems.
The major difference within the two scoring systems is the bounds. Male cricketers can achieve a score between 0 to 200 in Super Assets whereas there are no bounds for Female cricketers in their Super Assets.
The prices are impacted by the performance of the player across two to ten matches. The price moves depending on how the player performs relative to their Performance Average. If they perform above the Performance Average in a given match, the price goes up, if they perform worse than their Performance Average in a given match, their price goes down.You can hold a player’s fantasy stocks for a minimum of two matches and a maximum of ten games.
You can wish to sell after holding for two matches or can hold until the ten match window is completed.
For instance, let's take Sam Curran and assume that we have bought his stocks for ₹49 per Share. If Sam scores a hundred or outscores his Performance Average, his price will increase and may go up to ₹59 per Share, which is an increase in the amount you invested initially. By selling at ₹59 per Share, you can make a profit of ₹10 per Share because of Sam Curran's good performance!
You can hold the asset for a minimum of one match and a maximum of five games. You can wish to sell after holding for one match or can hold until the five-match window is completed.
All international matches including ICC tournaments and Associate Nation cricket and the major T20 franchise league competitions are considered in the Sixer scoring system such as:
Men’s Coverage:
Women’s Coverage:
At any given time, the price of the asset will be the combined value of the total score achieved in completed/live games and the score expectation in the remaining games for that particular stock.
For example, if a player's asset is priced at ₹35 after two matches and he has scored 5 & 7 in the first two games, then his total score expectation in the next three games will be 23.
The Futures Assets in Sixer allow users to buy and sell cricket players virtual stocks by predicting their scores over a span of five matches.
Most transactions are completed on the same day. However, sometimes banks can take 3-4 business days to make the payment. You will receive the amount in the name of "CASHFREE PAYMENTS INDIA PRIVATE LIM” or “Pasfar Technologies".
Once you have sold your stocks and are ready to withdraw, you can withdraw the desired amount using the "Withdraw" option in the "My Account" tab.
The minimum deposit in Sixer is INR 10 while you can deposit a maximum of INR 20,00,000 per month.
From October 1st, 2023, a 28% GST is applied to all deposits made on online gaming platforms, including Sixer.
When you make a deposit on Sixer, a 28% GST deduction will be applied to the deposited amount. For example, if you deposit 1000 INR, 218.75 INR will be remitted to the government as GST, and your Unutilized Deposit Balance will display 781.25 INR.
However, Sixer will credit the equivalent amount deducted from your deposit as a Discount XP immediately.
For TDS calculations, the entire amount you deposit will be considered towards your deposited amount. For example, if you deposit 1000 INR and 218.75 INR is deducted for GST, then attempt to withdraw 1000 INR, no TDS will be charged. This example assumes your previous financial year closing balance is 0.
No, the Discount XP amount cannot be withdrawn directly, however, you can use this amount to trade in the Sixer market.
The GST rate applied to deposits on Sixer may be subject to change in accordance with government policies. It is advisable to stay updated with Sixer's official communications for any changes in the GST rate.
You can view the GST deductions and credits in your account statement or transaction history on the Sixer platform. This will provide a clear record of how GST is applied to your deposits and any corresponding Discount Bonuses.
No, Sixer does not cover the GST on deposits. The GST is deducted from the deposited amount, and the remaining balance is credited to your Unutilized Deposit Balance.
Sixer does, however, credit the equivalent amount deducted from your deposit as a Discount XP, which can be used for trading, but it does not cover or reimburse the GST amount itself.
No, GST is not applied to stock buying or selling transactions. It is specifically applied only to deposits made on online gaming platforms.
No Govt. Tax (TDS) will be applicable in case of net loss at the time of withdrawal or at the end of the financial year.
You can check out the detailed TDS breakup while making a withdrawal by clicking on “View Details”.
You can also check all your previous withdrawals in the wallet timeline section of the app. Go to Sixer wallet → Wallet timeline → Deposits and Withdrawals. Here you can see all your past deposits and withdrawals along with if any TDS was deducted on each withdrawal.
No, TDS will be deducted on the taxable amount on every withdrawal and in case of no withdrawals, TDS will be deducted from your closing balance at the end of every financial year.
Don’t worry; you can claim your Govt. Tax (TDS) refund when filing your Income Tax Returns (ITR) for that financial year. TDS certificate will be provided to you before the end of financial year upon request.
The taxable amount is defined as the difference between your withdrawals and deposits in the FY. Here’s how the taxable amount is calculated:
Taxable amount (Net Winnings) = A - B - C - D
Did you know?
1 April to 31 march is considered a financial year (FY).
you can check out some examples here.
No. your account balance holdings before 1 April 2023 will not incur a Govt. Tax (TDS) deduction as per the new update.
The taxable amount at the end of the financial year (31 March) will be subject to Govt. Tax (TDS) at 30%. TDS will be deducted from your closing balance as on 31 March, 2024.
Note - A, B, D & E are calculated for the current FY (Financial Year) i.e. 1st April 2023 onwards.
The new Govt. Tax (TDS) law, as defined in the Finance Act, 2023, has been in effect since 1 April 2023. According to the law, 30% of your taxable amount (net winnings) is deducted as TDS on withdrawal.
No, you cannot verify your KYC using UPI wallets, digital payment banks and NRE accounts.
You can upload any of the following documents - Bank Statement, Chequebook, Passbook and a screenshot of your NetBanking profile page. Please ensure your document has your name, bank account number and IFSC code clearly visible and they should match with the details that you enter on the app during the verification process.
You might have received an email explaining the cause for rejecting your KYC documents. You can upload your details once again while adhering to the standard procedure of KYC Verification, i.e. uploading clear images of PAN card and Bank account documents with your name, date of birth, bank account number and PAN card number clearly visible.
As per KYC regulations, you can only create one account with a PAN card and Bank Account on Sixer.
Note: Once your PAN is successfully verified, you cannot unlink it from your account.
Yes, PAN and Bank Verification is mandatory as withdrawals involve transferring your winning amount to your bank account and also to issue TDS certificates whenever necessary.
Once the details are submitted, we work as fast as possible. However, it may take up to 1-5 business days for your details to be verified. You will receive an update as and when the verification is complete.
Yes, your details are perfectly secure with us. We do not store your credit/debit card details, including your CVV. We only work with trusted third party payment gateways with 3D secure authentication to ensure safety and security of all your financial transactions.
There could be a few possible reasons as to why your documents are getting rejected. It could be because:
It's simple! All you need to do is select the "Account Verification" option in the "My Account" section and upload your details, including images of your PAN card and Bank Account documents. Kindly ensure that the following: PAN Card: Name, Date of Birth and PAN Account Number should be clear. Bank Account Document: Name, IFSC Code and Bank Account Number should be clear.
At any given time, the price of the asset will be the combined value of the total score achieved in completed/live games and the score expectation in the remaining games for that particular stock.
For example, if a player's asset is priced at ₹35 after two matches and he has scored 5 & 7 in the first two games, then his total score expectation in the next three games will be 23.
