A social media post accusing Zerodha of preventing a client from withdrawing funds sparked widespread debate online and prompted a swift response from the firm’s co-founder and CEO, Nithin Kamath.

Also Read : How to save taxes using HUF: Zerodha CEO Nithin Kamath explains

The exchange unfolded on X after investor Dr Aniruddha Malpani alleged that Zerodha was “using his money for free” by imposing a daily withdrawal limit.

Investor accuses Zerodha of blocking funds

On Monday (November 3), Dr Malpani shared screenshots claiming that Zerodha had restricted withdrawals to Rs 5 crore per day.

He wrote, "The Zerodha scam! They don't allow me to withdraw my own money from their account, saying the daily limit for withdrawal is ₹5 crores. They use my money for free! @zerodhaonline This is u

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