Cash Prizes (Open)

A total of 24 prizes in Cash (in Indian Rupees) amounting to Rs. 12,00,000/- (Rs. Twelve Lakhs Only) shall be awarded as under.
The Champion of the tournament shall also be awarded the IIFL Wealth Trophy.


Rank Prize Rank Prize Rank Prize Rank Prize
1st Rs.3,00,000/- 2nd Rs.2,00,000/- 3rd Rs.1,00,000/- 4th Rs.75,000/-
5th Rs.50,000/- 6th - 15th Rs.25,000/-        

Category Prizes:

Cash Prize 1st Rank Prize
ELO 2399 to 2000   Rs.25,000
ELO 1999 to 1800 Rs.25,000
ELO 1799 to 1600 Rs.25,000
ELO 1599 to 1400 Rs.25,000
ELO 1399 to 1200 Rs.25,000
ELO 1199 to 1000 Rs.25,000
Best Female Player   Rs.25,000
Best Mumbai Player Rs.25,000
Best Veteran Player Rs.25,000

Note:

  1. Prizes shall not be shared and a player would be eligible for one higher prize only.
  2. All the titled players: GM/IM/WGM/WIM shall be not eligible for the category prizes (excepting the women's category.
  3. As per Income Tax regulations of India, tax shall be deducted at source (TDS) from the prize money awarded to the Foreign Players (@ 20.60%) & Indian players (@ 10% for the prize amount above the threshold of Rs.30,000/- and above).
  4. All Indian players who are winning the prize of Rs.30,000/- and above are required to submit the copies of their PAN & AADHAR details.
  5. All payments to the Indian players would be made by cheque and it would be issued in the name of the concerned prize winner only.
  6. The prize money awarded to the foreign players would be made by SWIFT. The concerned prize winners would be required to submit their Passport Copy.

Cash Prizes (Under-13):

A total of 20 prizes in Cash amounting to Rs. 8,00,000/- (Rs. Eight Lakhs Only). The Champion of the tournament shall also be awarded the IIFL Wealth Trophy.

Rank Prize Rank Prize Rank Prize Rank Prize
1st Rs.1,50,000/- 2nd Rs.1,25,000/- 3rd Rs.1,00,000/- 4th Rs.75,000/-
5th Rs.50,000/- 6th - 15th Rs.25,000/-        

Category Prizes:

Cash Prize 1st Rank Prize
ELO 2000 to 1500 Rs.15,000
ELO 1499 to 1000 Rs.25,000
Best Female Player   Rs.15,000
Best Mumbai Player Rs.15,000
Best Un-Rated Player Rs.15,000

 

Note

  1. Prizes shall not be shared and a player would be eligible for one higher prize only.
  2. All the titled players: FM/WFM and above shall be not eligible for the category prizes (excepting the girl’s category).
  3. As per Income Tax regulations of India, tax shall be deducted at source (TDS) from the prize money awarded to the Foreign Players (@ 20.60%) & Indian players (@ 10% for the prize amount above the threshold of Rs.30,000/- and above).
  4. All Indian players who are winning the prize of Rs.30,000/- and above are required to submit the copies of their PAN & AADHAR details.
  5. All payments to the Indian players would be made by cheque and it would be issued in the name of the concerned prize winner only.
  6. The prize money awarded to the foreign players would be made by SWIFT. The concerned prize winners would be required to submit their Passport Copy. 

Additional Category Prizes:  

A total of 24 category trophies (3 in each category, separately for Boys & Girls) shall be awarded as under:

Category (Cut-Off Birth Date) No. of Trophies (Boys) No. of Trophies (Girls)
Under-07 (Born on or after 1.1.2010)  3 3
Under-08 (Born on or after 1.1.2009)   3 3
Under-09 (Born on or after 1.1.2008)   3 3
Under-10 (Born on or after 1.1.2007)   3 3

Note:

  1. Age shall be reckoned as on 01st January 2017.
  2. The category prizes in form of trophies to 3-Best Players in Under-07, 08, 09 & 10 shall be awarded only within the age-groups. For Example: a player under-07 shall not be eligible for U-08 prize and so on.
  3. Prizes shall not be shared and a player would be eligible for one higher prize only
  4. A player who has won cash prize shall not be eligible for the age-category prize.