Bhagyanidhi Lottery Prize Structure
TERMS AND CONDITIONS OF BHAGYANIDHI WEEKLY LOTTERY
1.
Tickets will
be printed in seven series.
2.
The maximum
retail price of one ticket will be Rs.30/- only. One book of tickets will
contain twenty five tickets.
3.
The first and
second prizes will be drawn in full coming under the assured portion of prizes.
The remaining prizes will be under variable portion depending upon the sale of
tickets.
4.
The
consolation prizes of Rs.10,000/- each will be awarded to the tickets in other
six series, having the same number of 1st prize winning number.
5.
The third
prize will be determined by drawing the last five digits once and extended to
all sold tickets in all series.
6.
The fourth
prize will be determined by drawing the last four digits ten times and extended
to all sold tickets in all series.
7.
The fifth
prize will be determined by drawing the last four digits twelve times and
extended to all sold tickets in all series.
8.
The sixth
prize will be determined by drawing the last four digits twenty four times and
extended to all sold tickets in all series.
9.
The seventh
prize will be determined by drawing the last four digits thirty two times and
extended to all sold tickets in all series.
10.
The eighth prize
will be determined by drawing the last four digits sixty times and extended to
all sold tickets in all series.
11.
If any prize
numbers in any category is repeated the same will be cancelled and redrawn.
12.
An amount
equal to 10% of prize money will be deducted from I st and 2nd prizes and given
as agents commission on prize to the agents concerned. An amount equivalent to
10% of the prize money on 3rd to 7th prizes and consolation prize and 20% of
the prize money on 8th prize will be given to the agents concerned as agent’s
commission on prize from Government fund.
(i)
Registered
agents will get the tickets at the following discounted rates, for the entire
purchase irrespective of the district of purchase.
(a)
Up to 2000
tickets – 74% of the maximum retail price
(b)
Up to 10000
tickets – 73% of the maximum retail price
13.
(c)Above
10000 tickets – 72% of the maximum retail price
14.
(ii) The
highest eligible discounted rate will be allowed for the entire tickets
purchased by an agency. The above mentioned discounted rate will be allowed
based on the total purchase of tickets from the different District Lottery
Offices. The dues or excess amount collected, if any, will be adjusted in
future claims or by exchange of tickets of the next lottery ,as the case may
be, from the office of registration.
15.
The prize
winners shall prefer their claims within 30 days from the date of draw. First
prize winning ticket should be surrendered to the Director of State Lotteries
in person or by insured registered post or through Nationalized/ Scheduled
Banks/ State or District Co-operative Banks supported with necessary documents.
16.
The prizes of
Rs.1,00,000/- and below may be claimed from the District Lottery Offices /
Directorate of State Lotteries. In the case of claimants from outside the state
, the claims should be submitted in the Directorate. The prize winners should
record their name, address and signature in the space provided on the reverse
side of the ticket. Payment of prize money will be made only after ascertaining
the genuineness of the tickets with counterfoils or by any other method as
decided by the Director from time to time.
17.
Agents are
allowed to collect prize tickets with prize money of Rs.5000/- and below and
pay the prize money to the prize winners themselves and thereafter claim prize
money on behalf of prize winners by exchange of tickets. The agents should
clearly state whether the prize tickets are collected and prize money already
paid to the prize winners by them, while presenting the same for payment.
18.
Claims on
mutilated or tampered tickets will be rejected outright. One ticket can win
only the highest prize awarded on it. Income Tax and Surcharge etc. if any will
be deducted at source from the prize money as laid down in the Finance Act
(Central).
19.
Legal
jurisdiction of this Lottery will be at Thiruvananthapuram.