Prize Money Policy Here are all the necessary information & policy on Prize disbursement in BYOC. The following rules apply to all contestants and are non-negotiable. General Rules for all tournaments 1. The recipient of the prize money is the individual person that has registered for the specific tournament. 2. The winner/s must be present at the Prize Ceremony. 3. The winner/s must not follow/chase any organizer after his/her match is over for prize payout. The prizes would be paid as per schedule only. Payout Policy 1. The winner/s will get crossed A/C payee cheque only. 2. 60 day post dated cheques will be issued. 3. TDS @ 30% will be deducted on the total amount, which can be claimed if the winner/s submit a photocopy of his/her PAN Card at the time of receiving the cheque. 4. TDS deduction letter would be issued to only those who have submitted the copy of PAN card.
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