Rashid's final round score took his total to 159 points. Chandigarh's Gurbaaz Mann was the runner-up with a total score of 157 points.
The stableford points scoring format was followed during the tournament. Under this scoring format, each par accounts for two points, each birdie for three points, each eagle for four points, each bogey for one point and each double bogey (or worse) for zero points.
Rashid (40-40-40-39), who was two off the lead after round three, made a steady start with six pars and then produced a fabulous chip-in from 15 yards for birdie on the seventh. Rashid's next birdie came on the ninth where he landed his third shot within three feet of the pin.
Rashid picked up a cheque of Rs 4,84,950 for his effort and as a result climbed from sixth to third place on the 2013 Rolex Rankings.
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Rashid said, "I was in good hitting form this week. I hit it pretty close on all four days. However, my short-game wasn't that great. I got into my rhythm today with the chip-in on the seventh. I then made a fantastic recovery after finding the trees on the ninth.
Gurbaaz Mann (41-44-37-35), the overnight leader, slipped to second position after he fired a 35 today. His final round featured an eagle, a birdie and four bogeys.