The automatic selling of stocks can occur within 72 hours after the completion of the 5th game of the series.
Once you have verified your PAN on your Sixer account, you can request your TDS certificate. We aim to provide your TDS certificate to you via email by the deadline specified below.
No, the residents of Assam, Andhra Pradesh, Telangana, Nagaland and Sikkim are not permitted to play pay-to-play formats of any online games, which is the case of Sixer as well.
The Sixer Market consists of players, who will ideally interest customers for more than just a couple of games. Keeping in mind the popularity and schedule of all players, only limited players have been added. However, we do add players from time to time to make a series or tournament even more interesting for customers.
No, Sixer is strictly for users who are 18 years of age or above.
A game of skill is when a player invests his/her time in learning, practising and refining his skill to perform in a particular game. The Supreme Court noted that games of skill would be where
Of course! Sixer is a game of skill, you are using your skill to choose and hold players over time. You have to hold a stock for at least one or three matches matches (as per the Flexi Portfolio requirement) that his team has played in.
If you log out and log in multiple times, your account will get blocked for 4 hours. To prevent this from happening, please don't repeatedly log out and log in to your account. Unfortunately, as this is controlled by Google, we can't unlock your account until the 4 hours are complete.
You can view all of your trades and fantasy stocks in women cricketers in your ‘Portfolio’. You can opt for a men’s or women’s only view of your portfolio by selecting the appropriate tab in the Portfolio section too.
No, all your positions will be a part of a single portfolio, and you don’t need a separate portfolio for both positions.
You can keep track of all your shares in the "My Stocks" section in the "Portfolio" tab, with graphical representations of your portfolio on a whole also available. You can keep a track of your trades in the "Stock History" section in the same tab.
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.
You can find all the upcoming and previous fixtures for a player in the "Matches" section in the Player Profile. The upcoming matches will also include the Predicted Score for a player in each of those matches beforehand.
However, the upcoming matches section is Sixer’s best guess of the games for a player and is not the final outcome. It may change due to fixture scheduling or otherwise. Please keep a track of all matches closely.
‘SELECTED’ in the Upcoming matches section may not represent the actual status. Kindly research on squads and players thoroughly before trading.
The percentage next to the player is his respective stock price change over the last 10 games. You can find this in graphical form in "Player Profile", with price changes in accordance with three, five, ten and 30 games also available.
To create your portfolio, you are required to buy futures assets of 3 players. Within these 3 players, there must be a combination of 2 Up positions and 1 Down position.
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.
In such a case, your stocks will be automatically sold, and and the remaining loss will be taken from your wallet funds. In case your wallet balance is insufficient, it'll become negative.
Yes, if your referral has not made any first trade, he/she can use your code. To apply the referral code, go to the Invite Friends section, which is available on the My Account page, and enter the six-digit referral code.
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.
Currently, there is no limit to the number of referrals that can be made. The more successful referrals you invite, the more discount bonus you get.
Discount Bonus is valid for 30 days from the time of credit in your Sixer Wallet.
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.
Every user is provided with a six-letter referral code, with which you can refer customers and receive a cash bonus. You can find your referral code by selecting the 'Invite Friends' option in the 'My Account' tab, where you also share your referral code with your friends.
Yes, your referral will also receive a Discount Bonus of 25 after signing up.
You will receive a Discount Bonus of 25 in your Sixer Wallet when your referral signs up using your code.
Yes, as the same scoring system is used for Up and Down positions, the performance average is also the same.
Yes, the trading fee for Up and Down positions may differ due to difference in supply and demand for fantasy stocks in the two positions.
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.
No, your player must have played at least one squad game (part of the team’s squad) to meet the criteria for selling.
For every Sixer trade (buy or sell) on the Sixer platform, a trading fee of 3% to 12% is applicable based on market conditions and the profit multiplier, which is charged on the value of the fantasy stocks being traded.
Based on your skill and knowledge of the game, you can take up two positions:
One Test Match is equivalent to one match in the Sixer Scoring System.
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.
No, the price doesn’t decrease for a player if he/she isn’t featured in the playing XI.
No, you cannot buy or sell fantasy players stocks during the live game. Although real-time updates would be available for matches.
You could be facing any issue with selling stocks because You have not held your stock(s) for one or three games as per Flexi Portfolio requirement.
In your Sixer portfolio, please select the player you are interested in. Under the Stock Lots tab, you can see how many stocks are “Sellable”. We track each buy transaction that you do, and calculate the number of games that have happened since that date.For example:
Hence, Sam Curran has played one game since 1st September, but no game since 10th September. You will be allowed to sell 5 stocks, but the 5 you bought on 10th September will not be accessible till at least one game is complete.
For quick access, on the portfolio screen:
Green Check Box - Indicates that some of your stock in that player has been held for one game and is ready to be sold.
Grey Check Box - Indicates that none of your stock in that player is eligible to be sold at that point of time.
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 buy and sell a maximum of 2000 fantasy stocks at a time in Sixer.
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.
Buying: In-match trading is not available in Sixer. You can trade in cricketer’s fantasy stocks at any time other than during a live match in which a player is playing.
Selling: Fantasy stocks are to be held for a period of one/three to ten games. After the completion of the first/third game (as per the Flexi Portfolio requirement), you can sell your fantasy stock at any time other than during a live match in which a player is playing.
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.
You can only sell a stock after you have held it for one or three games as per the Flexi Portfolio Requirements.The Flexi Portfolio requirements are as follows:
If a player does not bat & bowl in the match, their match score will be equivalent to the last 15-game average in that specific format.
No, your player must have played at least one in-squad game to meet the criteria for selling.
In your Sixer Portfolio, right next to the player's name, you can find the number of matches left for the stocks to expire.
In case of an abandoned match, the prices will be reset to what they were at the beginning of the match. The match will be marked as N/A with no price changes in the player’s price.
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, 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.
For every Sixer trade (buy or sell) on the Sixer platform, a trading fee of 0.5% to 10% is applicable based on market conditions and will be charged on the value of the Futures Assets being traded.
You can keep track of live price changes and score updates on the Match Center. You can track your winnings in the "Summary" section in the "Portfolio" tab, which provides an overview of the money invested, realised and unrealised gain/loss and more.
You could be facing any issue with selling stocks because you have not held your future assets for at least one game.
Buying: In-match trading is not available in Sixer. You can trade in the cricketer’s future asset at any time other than during a live match in which a player is playing.
Selling: Future assets are to be held for a period of a minimum of one in-squad game and a maximum of five playing-11 games. After the completion of the first game, you can sell your future asset at any time other than during a live match in which a player is playing.
Yes, you can buy assets for the same player in consecutive 5-game cycles, giving you the opportunity to capitalize on their performance over time.
If the player retires in the middle of his/her 5-match period, you can sell the asset at the prevalent price, regardless of the number of matches the asset has been held for in your portfolio.
No. For a player’s fantasy stock to be eligible for selling, he/she should be part of at least one squad game.
Yes, you can track the market prices of a player’s fantasy stock in real time on the platform.
Yes, you can hold a maximum of 4000 stocks in a player at a time.
You can hold your futures asset until the conclusion of the 5th match of the player. Once the 5th match is completed, the asset will expire and will be auto-sold at the current price.
Based on your skill and knowledge of the game, you can take up two positions:
Up Position: If you think a player will play well in his upcoming games and will score more than his expected score and his demand will increase, you can buy the “Up” position on the player's asset.
Down Position: If you think a player will underperform and will score less than his expected score and his demand will decrease, you can buy the “Down” position and earn on his price declining too.
You can buy or sell a maximum of 4000 stocks in each player. The maximum number of virtual stocks that can be bought and sold in a single transaction may vary depending on the market factors.
Yes, if a player doesn't feature in the playing 11, their asset price may fluctuate based on the buy or sell activity in that particular player's asset. Depending on the demand and supply dynamics, the price may either go up or down.
No, in-match trading is not available on the platform. However, the live match price calculation allows users to see the dynamic value of player stocks during ongoing matches.
You can trade player assets anytime between matches, as long as the trading window is open.
While creating your portfolio, you have to buy at least three players' stocks, out of which two players should be in the Up position and one in the Down position.
The 2x multiplier amplifies the impact of a player's performance on your gains or losses. For instance, if you buy a player at INR 25 and their price goes up to INR 30, your profit is:
This means your total profit for the match is 40%.
Yes, the 2x multiplier is available in both Up and Down positions.
We use Rain Multipliers which reduce the impact of rain in any limited-over game. A multiplier is used in the Bat & Bowl scores of the players. For more details on the multipliers, please refer to the Rain Multiplier section under the Scoring System.
Suppose a T20 match is reduced to 14 overs, then a multiplier of 1.5 will be used in the batting & bowling scores of all the players. If player A has attained the match score of 60 with the following distribution:
Batting Score: 26
Bowling Score: 25
Playing XI: 5
Fielding: 4
After the multiplier being applied, the new scores will be:
Batting Score: 26*1.5 = 39
Bowling Score: 25*1.5 = 37.5
Playing XI: 5
Fielding: 4
Total Match Score: 85.5
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.
There are different scoring mechanisms for Men’s and Women’s cricket specifically - which include different systems based on the format.Men’s Scoring:
Women’s Scoring:
The Performance Average of a player is nothing but the benchmark of a player’s recent performances and pivotal factor for price movement. A player would have a unique par score for both white and red ball formats.
For Male Cricketers: The Performance Average of a player is nothing but an average of the player's last thirty match scores in that particular format. For performance average calculation, score range is 0 to 100. If a player scores 120, it will be considered as 100 in the performance average calculation.
For Female Cricketers: The Performance Average of a player is an average of a player’s last 15 match scores.
Performance Average will be available in in the ‘Player Profile’ page of all the players.
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:
You can keep track of the price change and score updates in the "Player Profile" page of any player you want to keep tabs on in the Market. Upon selecting a particular match, the score updates based on the context of the game. The pricing changes are visible on the graphs in the same "Player Profile" page, giving you a clear view of the match context.
Performance Average for each format, exclusive to Sixer 2.0, will be available for all upcoming matches in the ‘Player Profile’ page beforehand.
Prices and Scores are calculated based on players’ real-life performance, which considers the context of the match based on a Performance Average, unique to each player and format.
The price of a player is only dependent on the match scores, which is a sum of batting, bowling, fielding scores. Please refer to the Sixer Player Performance Scoring System for more details.
The price updates instantly in accordance with the match score in real time.
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!
The IPO price of a player depends on multiple factors, such as the format the player is expected to participate in during the upcoming 5-match cycle, their recent and career performances, the opposition, pitch type, and other relevant dynamics.
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.
The prices are impacted by the performance of the player across one to five matches. The price moves depending on how the player performs relative to the price expectation and the supply & demand dynamics in that particular player’s Futures Asset.
For instance, let's take Sam Curran and assume that you have bought his Up asset for ₹25 per stock. If he performs better than his price expectation, say, a total match score of 40 in the next five games, you can make a profit of ₹15 per stock because of Sam Curran's good performance and your prediction.
The match price during a match is determined by adding the points earned in previous matches, the points earned in the ongoing match, and the expected price for upcoming matches. This value is then adjusted based on the supply and demand factor, providing a dynamic price.
Rain Multipliers are used to account for the impact of rain in any limited-over game. A multiplier is used in the Batting & Bowling scores of the players. For more details on the multipliers, please refer to the Rain Multiplier section under the Scoring System.
Example: If a T20 match is reduced to 14 overs, then a multiplier of 1.5 will be used in the batting & bowling scores of all the players. If player A has attained the match score of 60 with the following scores:
Batting Score: 26
Bowling Score: 25
Playing XI: 5
Fielding: 4
After the multiplier is applied, the new scores will be as follows:
Batting Score: 26*1.5 = 39
Bowling Score: 25*1.5 = 37.5
Playing XI: 5
Fielding: 4
Total Match Score: 85.5
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:
There are different scoring mechanisms for Men’s and Women’s cricket specifically - which include different systems based on the format.
Men’s Scoring:
Women’s Scoring:
A player stock expires at the end of 5 games(playing 11). At stock expiry, your stocks will be sold at the current price. A new asset for that player will be renewed with a new price based on factors like historical performance, demand and supply dynamics, and other relevant considerations.
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 price of each asset represents the total score expectation for the next five games. For example:
If a player's asset is priced at ₹25 during the IPO and you buy long positions. If the player scores 5, 10, 8, 7, and 10 in the next five games, then the asset will expire at ₹40, resulting in a profit of ₹15 per asset.
The match score is derived using the following formulas:
Match Score (Two Innings/Tests) = (Raw Score- 45) / 23 + 5
Match Score (One-Day) = (Raw Score- 45) / 24.5 + 5
Match Score (T20) = (Raw Score- 46) / 22.5 + 5
Match Score (T10) = (Raw Score- 35.4) / 22.25 + 5
The raw score is the total score attained by a player in a match as per the scoring system.
The scoring system assigns raw scores to players based on their performance in real-life games. The raw scores are then converted to a score of 0 to 10 using a standardized scale formula, known as Match Score.
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.
The match score is derived using the following formulas:
Match Score (One-Day) = (Raw Score - 49) / 23.5 + 5
Match Score (T20) = (Raw Score - 45.5) / 23 + 5
The raw score is the total score attained by a player in a match as per the scoring system.
The scaled scores are capped at 10 to standardize the performance of the player in a match and to fairly evaluate the player based on his/her performance.
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".
No, withdrawals are free of service charges. You can withdraw your earnings without any additional fees. However, Tax Deducted at Source (TDS) will be applied to your winnings for the financial year, as per applicable tax regulations.
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.
Once your account is verified, you can withdraw the desired amount from INR 25 (Minimum) to INR 1,00,000 (Maximum) in a day.
You can deposit money on Sixer through various modes such as Card, UPIs, Wallets and Net Banking. To add money into your Sixer Wallet, you can do so by selecting the "Add Money" option in the "My Account" tab, which then directs you to the payment gateway.
You can deposit a maximum of INR 20,00,000 per month and INR 1,20,00,000 on a yearly basis.
The minimum deposit in Sixer is INR 100 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.
The automatic selling of stocks can occur within 72 hours after the completion of the 5th game of the series.
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.
Yes, if a player doesn't feature in the playing 11, their asset price may fluctuate based on the buy or sell activity in that particular player's asset. Depending on the demand and supply dynamics, the price may either go up or down.
No. your account balance holdings before 1 April 2023 will not incur a Govt. Tax (TDS) deduction as per the new update.
The scaled scores are capped at 10 to standardize the performance of the player in a match and to fairly evaluate the player based on his/her performance.
There a few possible reasons as to why your documents are getting rejected. It could be because:
The Sixer Market consists of players, who will ideally interest customers for more than just a couple of games. Keeping in mind the popularity and schedule of all players, only limited players have been added. However, we do add players from time to time to make a series or tournament even more interesting for customers.
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:
You can view all of your trades and fantasy stocks in women cricketers in your ‘Portfolio’. You can opt for a men’s or women’s only view of your portfolio by selecting the appropriate tab in the Portfolio section too.
A player stock expires at the end of 5 games(playing 11). At stock expiry, your stocks will be sold at the current price. A new asset for that player will be renewed with a new price based on factors like historical performance, demand and supply dynamics, and other relevant considerations.
In such a case, your stocks will be automatically sold, and and the remaining loss will be taken from your wallet funds. In case your wallet balance is insufficient, it'll become negative.
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.
Based on your skill and knowledge of the game, you can take up two positions:
Up Position: If you think a player will play well in his upcoming games and will score more than his expected score and his demand will increase, you can buy the “Up” position on the player's asset.
Down Position: If you think a player will underperform and will score less than his expected score and his demand will decrease, you can buy the “Down” position and earn on his price declining too.
Once your account is verified, you can withdraw the desired amount from INR 25 (Minimum) to INR 1,00,000 (Maximum) in a day.
The minimum deposit in Sixer is INR 100 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.
A game of skill is when a player invests his/her time in learning, practising and refining his skill to perform in a particular game. The Supreme Court noted that games of skill would be where
No, withdrawals are free of service charges. You can withdraw your earnings without any additional fees. However, Tax Deducted at Source (TDS) will be applied to your winnings for the financial year, as per applicable tax regulations.
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.
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 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.
In case of an abandoned match, the prices will be reset to what they were at the beginning of the match. The match will be marked as N/A with no price changes in the player’s price.
If the player retires in the middle of his/her 5-match period, you can sell the asset at the prevalent price, regardless of the number of matches the asset has been held for in your portfolio.
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.
The IPO price of a player depends on multiple factors, such as the format the player is expected to participate in during the upcoming 5-match cycle, their recent and career performances, the opposition, pitch type, and other relevant dynamics.
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.
If a player does not bat & bowl in the match, their match score will be equivalent to the last 15-game average in that specific format.
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.
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.
If you log out and log in multiple times, your account will get blocked for 4 hours. To prevent this from happening, please don't repeatedly log out and log in to your account. Unfortunately, as this is controlled by Google, we can't unlock your account until the 4 hours are complete.
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.
Buying: In-match trading is not available in Sixer. You can trade in the cricketer’s future asset at any time other than during a live match in which a player is playing.
Selling: Future assets are to be held for a period of a minimum of one in-squad game and a maximum of five playing-11 games. After the completion of the first game, you can sell your future asset at any time other than during a live match in which a player is playing.
For every Sixer trade (buy or sell) on the Sixer platform, a trading fee of 0.5% to 7.5% is applicable based on market conditions and will be charged on the value of the Futures Assets being traded.
Yes, you can hold a maximum of 1000 stocks in a player at a time.
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.
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.
Yes, the 2x multiplier is available in both Up and Down positions.
Of course! Sixer is a game of skill, you are using your skill to choose and hold players over time. You have to hold a stock for at least one or three matches matches (as per the Flexi Portfolio requirement) that his team has played in.
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".
You could be facing any issue with selling stocks because you have not held your future assets for at least one game.
You can trade player assets anytime between matches, as long as the trading window is open.
You can deposit a maximum of INR 10,00,000 per month and INR 1,20,00,000 on a yearly basis.
You can buy or sell a maximum of 1000 stocks in each player. The maximum number of virtual stocks that can be bought and sold in a single transaction may vary depending on the market factors.
There are different scoring mechanisms for Men’s and Women’s cricket specifically - which include different systems based on the format.
Men’s Scoring:
Women’s Scoring:
While creating your portfolio, you have to buy at least three players' stocks, out of which two players should be in the Up position and one in the Down position.
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.
Once the details are submitted, we work as fast as possible. However, it may take up to 1-3 business days for your details to be verified. You will receive an update as and when the verification is complete.
You can hold your futures asset until the conclusion of the 5th match of the player. Once the 5th match is completed, the asset will expire and will be auto-sold at the current price.
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.
The scoring system assigns raw scores to players based on their performance in real-life games. The raw scores are then converted to a score of 0 to 10 using a standardized scale formula, known as Match Score.
The match price during a match is determined by adding the points earned in previous matches, the points earned in the ongoing match, and the expected price for upcoming matches. This value is then adjusted based on the supply and demand factor, providing a dynamic price.
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 match score is derived using the following formulas:
Match Score (Two Innings/Tests) = (Raw Score- 45) / 23 + 5
Match Score (One-Day) = (Raw Score- 45) / 24.5 + 5
Match Score (T20) = (Raw Score- 46) / 22.5 + 5
Match Score (T10) = (Raw Score- 35.4) / 22.25 + 5
The raw score is the total score attained by a player in a match as per the scoring system.
The match score is derived using the following formulas:
Match Score (One-Day) = (Raw Score - 49) / 23.5 + 5
Match Score (T20) = (Raw Score - 45.5) / 23 + 5
The raw score is the total score attained by a player in a match as per the scoring system.
Rain Multipliers are used to account for the impact of rain in any limited-over game. A multiplier is used in the Batting & Bowling scores of the players. For more details on the multipliers, please refer to the Rain Multiplier section under the Scoring System.
Example: If a T20 match is reduced to 14 overs, then a multiplier of 1.5 will be used in the batting & bowling scores of all the players. If player A has attained the match score of 60 with the following scores:
Batting Score: 26
Bowling Score: 25
Playing XI: 5
Fielding: 4
After the multiplier is applied, the new scores will be as follows:
Batting Score: 26*1.5 = 39
Bowling Score: 25*1.5 = 37.5
Playing XI: 5
Fielding: 4
Total Match Score: 85.5
The price of each asset represents the total score expectation for the next five games. For example:
If a player's asset is priced at ₹25 during the IPO and you buy long positions. If the player scores 5, 10, 8, 7, and 10 in the next five games, then the asset will expire at ₹40, resulting in a profit of ₹15 per asset.
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.
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.
The prices are impacted by the performance of the player across one to five matches. The price moves depending on how the player performs relative to the price expectation and the supply & demand dynamics in that particular player’s Futures Asset.
For instance, let's take Sam Curran and assume that you have bought his Up asset for ₹25 per stock. If he performs better than his price expectation, say, a total match score of 40 in the next five games, you can make a profit of ₹15 per stock because of Sam Curran's good performance and your prediction.
The 2x multiplier amplifies the impact of a player's performance on your gains or losses. For instance, if you buy a player at INR 25 and their price goes up to INR 30, your profit is:
This means your total profit for the match is 40%.
You can keep track of live price changes and score updates on the Match Center. You can track your winnings in the "Summary" section in the "Portfolio" tab, which provides an overview of the money invested, realised and unrealised gain/loss and more.
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.
If all your stocks are eligible to be sold (have been held for one game at least), you can close your portfolio by selecting the "Close Portfolio" option in the "Portfolio" screen.
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.
In your Sixer Portfolio, right next to the player's name, you can find the number of matches left for the stocks to expire.
You can deposit money on Sixer through various modes such as Card, UPIs, Wallets and Net Banking. To add money into your Sixer Wallet, you can do so by selecting the "Add Money" option in the "My Account" tab, which then directs you to the payment gateway.
No, GST is not applied to stock buying or selling transactions. It is specifically applied only to deposits made on online gaming platforms.
To create your portfolio, you are required to buy futures assets of 3 players. Within these 3 players, there must be a combination of 2 Up positions and 1 Down position.
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, 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, 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.
No, the residents of Meghalaya, Assam, Andhra Pradesh, Telangana, Nagaland and Sikkim are not permitted to play pay-to-play formats of any online games, which is the case of Sixer as well.
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.
No, you cannot verify your KYC using UPI wallets, digital payment banks and NRE accounts. However, we do accept PayTM Payments Bank documents.
No, in-match trading is not available on the platform. However, the live match price calculation allows users to see the dynamic value of player stocks during ongoing matches.
Yes, you can track the market prices of a player’s fantasy stock in real time on the platform.
No, your player must have played at least one in-squad game to meet the criteria for selling.
No. For a player’s fantasy stock to be eligible for selling, he/she should be part of at least one squad game.
Yes, you can buy assets for the same player in consecutive 5-game cycles, giving you the opportunity to capitalize on their performance over time.
No, the Discount XP amount cannot be withdrawn directly, however, you can use this amount to trade in the Sixer market.
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.
No, Sixer is strictly for users who are 18 years of age or above.
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.
Yes, your referral will also receive a Discount Bonus of 250 after signing up.
Discount Bonus is valid for 30 days from the time of credit in your Sixer Wallet.
Currently, there is no limit to the number of referrals that can be made. The more successful referrals you invite, the more discount bonus you get.
Yes, if your referral has not made any first trade, he/she can use your code. To apply the referral code, go to the Invite Friends section, which is available on the My Account page, and enter the six-digit referral code.
The prices are impacted by the performance of the player across one to five matches. The price moves depending on how the player performs relative to the price expectation and the supply & demand dynamics in that particular player’s Futures Asset.
For instance, let's take Sam Curran and assume that you have bought his Up asset for ₹25 per stock. If he performs better than his price expectation, say, a total match score of 40 in the next five games, you can make a profit of ₹15 per stock because of Sam Curran's good performance and your prediction.
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 match score is derived using the following formula:
Match Score = (Raw Score - 47) / 21.2 + 5
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.
