A heated dispute over withdrawal limits at India’s largest brokerage flared online this week, after a well-known investor hit a digital ceiling while trying to move a hefty sum from his Zerodha account.
Investor Aniruddha Malpani took to X to accuse Zerodha of running a “scam,” alleging that the platform blocked him from accessing his own funds. “They use my money for free!” he wrote, tagging co-founder Nikhil Kamath and calling the ₹5 crore daily withdrawal cap “unfair.” Advertisement
The post included a screenshot showing an available cash balance of ₹429 crore—far beyond Zerodha’s default withdrawal ceiling. While Malpani didn’t specify how much he tried to withdraw, the image made clear it exceeded the platform’s automated limits.
Zerodha responded publicly, directing Malpani to ra

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