In this case, the withdrawal limit is set at ₹100000 meaning that players cannot withdraw less than ₹1 or more than ₹100000 from their account in a single transaction. Withdrawal limits refer to the minimum and maximum amount that a player can withdraw from their online gaming account.
The purpose of having withdrawal limits is to prevent fraudulent activities and money laundering. By setting a maximum limit, the online gaming operator ensures that a player cannot withdraw an excessively large amount in a single transaction, which could be an indication of suspicious activity.
However, it is important to note that the withdrawal limit of ₹100000 may not be suitable for all players. Some players may prefer to withdraw smaller amounts more frequently, while others may wish to withdraw larger sums. In such cases, players should check if the online gaming operator allows multiple withdrawals per day or if they have a monthly withdrawal limit.
It is also important to note that withdrawal limits may vary depending on the payment method used. For instance, some payment methods may have lower maximum withdrawal limits than others. Players should therefore check the withdrawal limits for each payment method and choose the one that suits their needs best.