AKSHAYA

Everything you need to Know about Akshaya Lottery Ticket :-

Akshaya lottery issued by the state Kerala Lottery department is a weekly lottery drawn on every Wednesday .

Some interesting facts about Akshaya Lottery is Below :-

  1. Total of 63 Lakhs Tickets are sold
  2. Cost of Akshaya Ticket is Rs.30/-ONLY
  3. It is a seven series ticket
  4. It is drawn on every Wednesday
  5. The First Price winner gets 65 Lakhs
  6. A total of 80,087 people win different prize
  7. Total Collection of Lottery amount is Rs.18,90,00,000/-
  8. Total lottery Prize Amount is Rs.8,32,45,000/-
  9. Total Agents commission is Rs.87,02,500/-
  10. Agents Commission paid from government fund is Rs.79,12,500/-

Below is the complete latest prize structure of the Akshaya weekly lottery as on date.

KERALA STATE LOTTERIES

PRIZE STRUCTURE OF AKSHAYA WEEKLY LOTTERY

Category of  Prize Details  of Prize Amt. of
Prize
No. of
Prizes
Total prize
Amount(Rs)
Agents commission
on Prize(Rs)
I Common to all series 65,00,000 1 65,00,000 6,50,000
II One  prize in each series 2,00,000 7 14,00,000 1,40,000
III Last five digits to be drawn once 10,000 Up to 63 Up to 6,30,000 Up to 63,000
IV Last four digits to be drawn 12 times 5,000 Up to
7560
Up to
3,78,00,000
Up to
37,80,000
V Last four digits to be drawn 10  times 2,000 Up to
6300
Up to
1,26,00,000
Up to
12,60,000
VI Last four digits to be drawn 20 times 1,000 Up to
12600
Up to
1,26,00,000
Up to
12,60,000
VII Last four digits to be drawn 25 times 500 Up to
15750
Up to
78,75,000
Up to
7,87,500
VIII Last four digits to be drawn 60 times 100 Up to
37800
Up to
37,80,000
Up to
7,56,000
CONSOLATION  PRIZE 10,000 6 60,000 6,000
TOTAL 80087 8,32,45,000 87,02,500

Below table will show the break up of Agents commission to be paid from the government fund.If you are an agent or are planning to become an agent here is the complete break up of how much you will earn if one of your client wins the lottery of Akshaya

Category of  Prize Amt. of Prize No. of
Prizes
Total prize
Amount(Rs)
Agents commission
on Prize(Rs)
III 10,000 Up to
63
Up to
6,30,000
Up to
63,000
IV 5,000 Up to
7560
Up to
3,78,00,000
Up to
37,80,000
V 2,000 Up to
6300
Up to
1,26,00,000
Up to
12,60,000
VI 1,000 Up to
12600
Up to
1,26,00,000
Up to
12,60,000
VII 500  Up to
15750
Up to
78,75,000
Up to
7,87,500
 VIII  100 Up to
37800
Up to
37,80,000
Up to
7,56,000
CONSOLATION PRIZE  10,000 6 60,000 6,000
TOTAL  79,12,500

Here is how the winner of the Akshaya lottery draw are selected :-

  1. The first, second and third 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.
  2. 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.
  3. The fourth prize will be determined by drawing the last five digits once and extended to all sold tickets in all series.
  4. The fifth prize will be determined by drawing the last four digits fifteen times and extended to all sold tickets in all series.
  5. The sixth  prize will be determined by drawing the last four digits twenty two times and extended to all sold tickets in all series.
  6. The seventh prize will be determined by drawing the last four digits thirty times and extended to all sold tickets in all series.
  7. The eighth prize will be determined by drawing the last four digits sixty times and extended to all sold tickets in all series.
  8. If any prize numbers in any category is repeated the same will be cancelled and redrawn.

Here is how you can claim you winning lottery ;-

1)The prize winners shall prefer their claims within 30 days from the date of draw .

2)The first and second prize winning tickets should be surrendered to the Director of State Lotteries in person or by insured registered post or through Nationalised/ Scheduled Banks/ State or District Co-operative Banks supported with necessary documents.

3)The prizes of Rs.1,00,000/- and below may be claimed from the District Lottery Offices / Directorate of State Lotteries.

4)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.

5) Payment of prize money will be made only after ascertaining  the genuineness  of  the tickets with counterfoils or by any other method as described by the Director from time to time.

6)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.

7)Claims on mutilated or tampered tickets will be rejected outright.

8)One ticket can win only the highest prize awarded on it.

9)Income Tax and Surcharge etc. if any, will be deducted at source from the prize money as laid down in the Finance Act (Central).