India's Twenty20 World Cup-winning cricket team will share prize money of nearly $15m, the national cricket board said Sunday, as a reward for their "talent, determination, and sportsmanship".
India won a thrilling final by seven runs in Barbados Saturday to clinch their first major title since the 2013 Champions Trophy.
Jay Shah, secretary of the Board of Control for Cricket in India, announced the hefty reward, which will be shared between around 25 people - the entire team including coaches and support staff.
"I am pleased to announce prize money of 125 crores rupees ($14.9m) for Team India for winning the T20 World Cup," Shah said in a statement.
If split equally, that works out to roughly $600,000 each.
"The team has showcased exceptional talent, determination, and sportsmanship throughout the tournament," Shah added.
"Congratulations to all the players, coaches, and support staff for this outstanding achievement".
The title victory comes after over a decade of heartbreaks in knockout matches of International Cricket Council tournaments.
The cash prize is in addition to the ICC record prize pool of $11.25m for the tournament.
India, as winner of the competition, will share a pot from that of $2.45m along with bonuses, which the ICC said is "the highest amount in the tournament's history".
South Africa will share $1.28m for finishing as the runner-up.
After India's win, the cricket-crazy country erupted with midnight celebrations as fans in blue Indian shirts on cars and bikes took to the streets across cities including the capital New Delhi.
Indian Prime Minister Narendra Modi said on social media Sunday that he had spoken to the team, congratulating them on their "excellent skill and spirit".