How to Claim Kerala Lottery Prize? Super Easy Steps!
So, you’ve won The Kerala lottery; good for you! The next thought after you win the lottery is when am I going to get my prize money? How much tax do I have to pay to the state? Well, it’s not just a simple bank transfer.
Lotteries have strong compliance requirements and will follow a proper process before making any payouts. Though the process is quite simple for lesser winning amounts; the challenge emerges when the winning amounts are a bit big (in Millions).
They necessitate more complicated documentation and formality (But it is for your own good to avoid any fraud). The same is the case of the Kerala Lottery.
To claim the Kerala lottery prize, you will have to go to the lottery’s district office and submit forms. Then, after careful checking, you will get your money.
Want to know the complete procedure? Keep reading!
What is the Kerala lottery?
Kerala state lotteries is a legitimate lottery game run by the lottery department of the government of Kerala. The department was established in 1967 after the country-wide ban on all private lottery games in India.
The Kerala state lottery tickets can be purchased from agents (but you have to pay tax to them if you win the lottery), retailers, or shops across the state who are authorized to sell lotteries.
Although the Kerala lottery tickets are available online, their online sale is illegal.
The price of one ticket is 20-500 Indian rupees, depending upon the bet you make.
The results of this lottery are published in all leading newspapers the very next day after the draw. You can also contact your agent for lottery results or check their official website.
Also, Check-out- Is Rajshree Lottery a Scam?
How Can I Claim My Kerala Lottery Prize?
According to the Kerala Lottery official website, If you win the Kerala State lottery, you must collect your prize within 30 days after the draw date. You must submit the Prize claim form to the people listed below.
| Kerala Lottery Prizes | Deposit Prize Claim Form to |
| ₹ 5000 or less | Ticket Agent |
| ₹1,00,000 or less | District Lottery Offices |
| ₹1,00,000 or above | Director of Sales Lottery |
| ₹1 lakh to 10 lakh | Deputy Director |
| ₹10 lakh to 20 lakh | Deputy Director |
| ₹20 lakh or above | Director |
One can approach the District lottery office for smaller rewards of up to INR 1,000,000/-. The state has 14 district lottery offices, one in each district.
For prizes over INR 1,000,000/-, the claim shall be sent to the Director of State Lotteries in Thiruvananthapuram. On the back of the winning ticket, the winner’s name and signature, as well as his or her address, shall be printed.
A person can also claim his or her winnings through a bank. They can present appropriate documentation to any nationalized bank, state bank, or district cooperative bank. The bank will seek payment from the state department on behalf of the winner.
However, you should have original documents.
What Documents Are Necessary to Claim Kerala Lottery Prize?
You will need to have the following documents to claim the Kerala lottery prize:
- Photocopies of both sides of the winning ticket
- A claim form for the winning amount (You can download it from The Kerala Lottery official website).
- A money receipt containing the winner’s name and address. It should also have a revenue stamp of one rupee.
- If the lottery winner is a minor, the prize money will be given to their guardian (Only with certified proof of guardianship).
- In the case of joint winners (two people sharing the lottery prize), the reward will only be presented to one of the joint winners. The other party or parties must declare authorization to one individual on INR 50/- stamp paper.
- PAN Card copy with self-attestation
- Bring a copy of your ration card, driver’s license, passport, or election ID card as proof of identification.
Tax Deduction on Kerala Lottery Prize
Now, the question is, how much tax should you pay from the actual Kerala lottery prize? We live in this country and use its resources and facilities, so we are obliged to pay taxes. It is our moral responsibility as Indian citizens.
In India, lottery winnings are subject to a flat 30% tax under Section 194B of the Income Tax Act. Additionally, there’s a 10% surcharge on income tax if your income exceeds INR 50 lakhs, going up to 15% for income over INR 1 crore. These deductions are made at source, meaning they’re deducted from your winnings before you receive them.
For example, if you win INR 1 crore in the Kerala Lottery:
| Total winnings | TDS (30%) | Surcharge (15% on TDS) | Health and Education Cess (4% on TDS + Surcharge) | Net amount received |
| INR 1,00,00,000 | INR 30,00,000 | INR 4,50,000 | INR 1,38,000 | INR 64,12,000 |
Remember to account for these deductions when planning how to use your winnings.
See More: How to Win Rajshree Lottery?
What are the Rules and Regulations of the Kerala Lottery?
Kerala was the first Indian state to establish a state lottery in 1967. Since then, a total of 12 states have followed suit, establishing legal state lottery games. Knowing all the rules and regulations is super important for the Kerala lottery.
According to the current Lottery Regulation Act, it is illegal to sell Kerala lottery tickets outside of Kerala. People from other states, however, can come to Kerala and purchase the tickets. If they win the prize money, they will be able to receive it by presenting the proper paperwork.
The physical Kerala lottery ticket is very important to claim the prize money. The winner must submit the original ticket to the lottery office to collect the prize.
Online sales of Kerala state lottery tickets are illegal. Only licensed vendors can sell state lottery tickets, and they may only do so from their stalls in order to ensure that only eligible players purchase tickets.
What to Do After You Claim the Kerala Lottery Prize?
Winning the lottery is an exhilarating experience, but you may end up losing all your money if you don’t take the right steps. That’s why I have post-claiming tips for you!
Consult a Financial Advisor
With the influx of sudden wealth, it’s smart to consult a trusted financial advisor. They can help you with investment strategies, tax planning, and managing your newfound wealth to secure your future.
Make sure to choose a reputable advisor with a proven track record in handling significant assets.
Clear Outstanding Debts
If you have any outstanding debts, such as loans, now is the time to clear them. Paying off debts will help free up your monthly income. It will also give you peace, and you will be able to stay happy again.
Set Aside an Emergency Fund
It’s recommended to have an emergency fund that covers 3-6 months’ worth of living expenses. This fund can serve as a financial buffer in case of unexpected expenses or life events.
Consider Investments
Invest a portion of your winnings into different things, like stocks, bonds, mutual funds, real estate, etc. It depends on your risk tolerance and financial goals.
Your financial advisor can guide you through these options and help you create a better investment portfolio.
Plan for Your Future
If you’ve won the Kerala lottery, consider long-term plans such as retirement. I suggest investing in retirement funds, education plans, or even purchasing property.
Make Charitable Contributions
Donating a portion of your winnings to a charity gives a message that you care about society. It may also reduce your taxable income. Consult with your financial advisor for the best way to do this.
Keep Your Spending in Check
Maintaining a budget is crucial, even after winning a Kerala lottery. Excessive spending can quickly deplete your winnings, leaving you in financial trouble.
Update Your Will or Estate Plan
After winning the lottery, it’s essential to update your will or estate plan to include your new assets. This will ensure that your wealth is distributed according to your wishes in the event of your death.
Remember to Enjoy
Lastly, take the time to enjoy your winnings! You’ve been fortunate enough to win the lottery, so make sure to use some of the money to do things you love. It can be traveling, pursuing a hobby, or treating your loved ones.
Winning the Kerala Lottery can provide you with incredible financial opportunities. But remember, how you manage your winnings can significantly impact your financial future. That’s why you should plan carefully, seek professional advice, and make informed decisions.
Final Words
So, how to claim the Kerala lottery prize?
If you win the Kerala State lottery, you must collect your prize within 30 days after the draw date. Note that providing all required documents to prove your identity and ownership is important.
You can approach the District lottery office for smaller rewards of up to INR 1,000,000/-. For prizes over INR 1,000,000/-, you should submit the claim form to the Director of State Lotteries in Thiruvananthapuram.
I hope now you understand the whole procedure.
Also Read: Satyam Lottery- Is It Legit or Fake?
