Cash Prizes (GM Open)

A total of 48 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 (Open & Junior) shall also be awarded the IIFL Wealth Trophy.


Rank Cash Prize Rank Cash Prize Rank Cash Prize Rank Cash Prize
1st Rs.3,00,000/- 2nd Rs.2,00,000/- 3rd Rs.1,00,000/- 4th Rs.70,000/-
5th Rs.50,000/- 6th Rs.40,000/- 7th Rs.30,000/- 8th Rs.25,000/-
9th Rs.20,000/- 10th Rs.15,000/- 11 - 30 Rs.10,000/-
Best Female Players 1st Rs.10,000/- 2nd Rs.8,500/- 3rd Rs.6,500/-
Best Mumbai Players 1st Rs.10,000/- 2nd Rs.8,500/- 3rd Rs.6,500/-
ELO 2200 - 2399 1st Rs.10,000/- 2nd Rs.8,500/- 3rd Rs.6,500/-
ELO 1800 - 2199 1st Rs.10,000/- 2nd Rs.8,500/- 3rd Rs.6,500/-
ELO 1400 - 1799 1st Rs.10,000/- 2nd Rs.8,500/- 3rd Rs.6,500/-
ELO 1000 - 1399 1st Rs.10,000/- 2nd Rs.8,500/- 3rd Rs.6,500/-
  1. Prizes shall not be shared and a player would be eligible for one higher prize only.
  2. Participation Certificate would be issued to all the players.
  3. As per Income Tax regulations of India, tax @20.6% shall be deducted from the prize money awarded to the Foreign Players.

Cash Prizes (U-13)

A total of 48 prizes in Cash amounting to Rs. 8,00,000/- (Rs. Eight Lakhs Only) and 24 trophies towards age-categories shall be awarded as under.
The Champion of the tournament shall also be awarded the IIFL Wealth Trophy.


Rank Cash Prize Rank Cash Prize Rank Cash Prize Rank Cash Prize
1st Rs.1,50,000/- 2nd Rs.1,10,000/- 3rd Rs.80,000/- 4th Rs.50,000/-
5th Rs.40,000/- 6th Rs.30,000/- 7th Rs.20,000/- 8th Rs.15,000/-
9th Rs.15,000/- 10th Rs.15,000/- 11 - 30 Rs.10,000/-
Best Female Players 1st Rs.6,000/- 2nd Rs.5,000/- 3rd Rs.4,000/-
Best Mumbai Players 1st Rs.6,000/- 2nd Rs.5,000/- 3rd Rs.4,000/-
ELO 1601 - 1900 1st Rs.6,000/- 2nd Rs.5,000/- 3rd Rs.4,000/-
ELO 1301 - 1600 1st Rs.6,000/- 2nd Rs.5,000/- 3rd Rs.4,000/-
ELO 1000 - 1300 1st Rs.6,000/- 2nd Rs.5,000/- 3rd Rs.4,000/-
Best Un-rated 1st Rs.6,000/- 2nd Rs.5,000/- 3rd Rs.4,000/-
  1. Prizes shall not be shared and a player would be eligible for one higher prize only.
  2. As per Income Tax regulations of India, tax @20.6% shall be deducted from the prize money awarded to the Foreign Players & Indian players(above threshold).
  3. All payment would be made by the RTGS/NIFT/Cheque(excepting foreign players).

Additional Category Prizers in the form of trophies, exclusively for the Junior Event(U-13)

A total of 30 category trophies ( 3 in each category, separately for Boys & Girls) shall be awarded for the Junior Event, as under:

 

Best 3 Players in Under-07 category (Boys & Girls Separate)
Best 3 Players in Under-08 category (Boys & Girls Separate)
Best 3 Players in Under-09 category (Boys & Girls Separate)
Best 3 Players in Under-10 category (Boys & Girls Separate)
Best 3 Players in Under-11 category (Boys & Girls Separate)
  1. The cut off age for the participants of the Junior Event will be considered as on 01st January 2016.

  2. The category prizes for the 3 Best Players will be applicable within the relevant age-groups only. For instance, a player below 7 years will be eligible for the Under-07 category prize alone, and not for the Under-08 prize.

  3. Prizes shall not be shared. A players will be eligible for the prize with the higher value only.