7.27.2016

27-07-2016 Wednesday : Akshaya Kerala Lottery Prize Description

By Hari Sreedhar
Wednesday : Akshaya Kerala Lottery Prize Structure 2016


 ANNEXURE - I KERALA STATE LOTTERIES REVISED PRIZE STRUCTURE OF AKSHAYA WEEKLY LOTTERY (AK-59th Lottery onwards) (Vide Order No. S1/9670/12/DSL Dated : 15/08 /2012) TOTAL : 45 LAKH TICKETS COST OF TICKET : Rs.20/-ONLY TICKETS IN FIVE SERIES DRAW ON EVERY WEDNESDAY 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 25,00,000 1 25,00,000 2,50,000 II One prize in each series 1,00,000 5 5,00,000 50,000 III Last four digits to be drawn once 10,000 Up to 450 Up to 45,00,000 Up to 4,50,000 IV Last four digits to be drawn 7 times 5,000 Up to 3150 Up to 1,57,50,000 Up to 15,75,000 V Last four digits to be drawn 7 times 2,000 Up to 3150 Up to 63,00,000 Up to 6,30,000 VI Last four digits to be drawn 10 times 1,000 Up to 4500 Up to 45,00,000 Up to 4,50,000 VII Last four digits to be drawn 20 times 500 Up to 9000 Up to 45,00,000 Up to 4,50,000 VIII Last four digits to be drawn 10 times 100 Up to 4500 Up to 4,50,000 Up to 90,000 IX Last four digits to be drawn 50 times 50 Up to 22500 Up to 11,25,000 Up to 3,37,500 CONSOLATION PRIZE 10,000 4 40,000 4,000 TOTAL 47260 4,01,65,000 42,86,500 Total Collection - Rs.9,00,00,000 Total Prize Amount - Rs. 4,01,65,000 Total Agents Commission - Rs. 42,86,500 Agents Commission to be Paid from Government fund - Rs.39,86,500 Sd/- DIRECTOR OF STATE LOTTERIES ANNEXURE - II KERALA STATE LOTTERIES AKSHAYA WEEKLY LOTTERY (Vide Order No.S1/9670/12/DSL Dated : 15/08 /2012) AGENTS COMMISSION TO BE PAID FROM GOVERNMENT FUND Category of Prize Amt. of Prize No. of Prizes Total prize Amount(Rs) Agents commission on Prize(Rs) III 10,000 Up to 450 Up to 45,00,000 Up to 4,50,000 IV 5,000 Up to 3150 Up to 1,57,50,000 Up to 15,75,000 V 2,000 Up to 3150 Up to 63,00,000 Up to 6,30,000 VI 1,000 Up to 4500 Up to 45,00,000 Up to 4,50,000 VII 500 Up to 9000 Up to 45,00,000 Up to 4,50,000 VIII 100 Up to 4500 Up to 4,50,000 Up to 90,000 IX 50 Up to 22500 Up to 11,25,000 Up to 3,37,500 CONSOLATION PRIZE 10,000 4 40,000 4,000 TOTAL 39,86,500 Sd/- DIRECTOR OF STATE LOTTERIES ANNEXURE-III AKSHAYA WEEKLY LOTTERY TERMS AND CONDITIONS 1. Tickets will be printed in five series. 2. The maximum retail price of one ticket will be Rs.20/- 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 four series, having the same number of 1st prize winning number. 5. The third prize will be determined by drawing the last four digits once and extended to all sold tickets in all series. 6. The fourth prize will be determined by drawing the last four digits seven times and extended to all sold tickets in all series. 7. The fifth prize will be determined by drawing the last four digits seven times and extended to all sold tickets in all series. 8. The sixth prize will be determined by drawing the las four digits ten times and extended to all sold tickets in all series. 9. The seventh prize will be determined by drawing the last four digits twenty times and extended to all sold tickets in all series. 10. The eighth prize will be determined by drawing the last four digits ten times and extended to all sold tickets in all series. 11. The ninth prize will be determined by drawing the last four digits fifty times and extended to all sold tickets in all series. 12.If any prize numbers in any category is repeated the same will be cancelled and redrawn. 13. 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 and consolation prize and 20% of the prize money on 8th prize and 30% of the prize money on 9th prize will be given to the agents concerned as agents commission on prize from Government fund. 14. (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 10000 tickets - 74% of the maximum retail price (b) Above 10000 tickets - 72% of the maximum retail price (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. Special incentive will be allowed to the agents who purchase maximum number of tickets as follows :- For the highest purchaser of and above 3 Lakh tickets -Rs.20,000/- For the next highest purchaser of and above 2 Lakh tickets – Rs.16,000/- For the next highest purchaser of and above 1 Lakh tickets -Rs.12,000/- For the next highest purchaser of and above 50,000 tickets - Rs.8,000/- For the next highest purchaser of and above 25,000 tickets -Rs.4,000/- If two or more agents become eligible for special incentive at any of the above stage for having purchased equal number of tickets, the incentive amount will be equally divided among them, subject to the minimum amount of the next lowest purchaser. 16. Common incentive prize Rs.2000/- will be given to the agents in each district, who purchase maximum number of tickets of and above 10,000 tickets. Rs.1000/- will be given to the next lowest purchaser who purchase of and above 1000 tickets. If more than one agent purchases the same number of tickets the amount will be divided among them equally subject to the minimum amount of the next lowest purchaser. 17.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 Nationalised/ Scheduled Banks/ State or District Co-operative Banks supported with necessary documents. 18. 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. 19.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. 20. 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). 21.Legal jurisdiction of this Lottery will be at Thiruvananthapuram. Sd/- DIRECTOR OF STATE LOTTERIES

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