Overview
- Investor Dr Aniruddha Malpani posted screenshots showing a total account value of about ₹42.9 crore and a withdrawable balance near ₹18.46 crore, alleging he could not take out more than ₹5 crore in a day.
- Zerodha and co-founder Nithin Kamath said his payout requests were processed and explained that the ₹5-crore threshold triggers manual verification rather than a block on funds.
- Company support documents state a default automated daily withdrawal ceiling of ₹5 crore and allow instant withdrawals only up to ₹2 lakh under specific conditions such as settled funds and no open trades.
- Tax and finance commentator Ajay Rotti and other users described large-withdrawal limits as standard security controls, while critics questioned whether a displayed ‘withdrawable’ balance should imply immediate access.
- The dispute prompted broader calls for clearer, more prominent disclosure of large-payout procedures and timelines for high-net-worth clients, with no regulatory action reported.