Archive · 5 Nov 2025
Zerodha Faces 'Scam' Allegations Over Rs 5 Crore Withdrawal Limit
Imagine you have a piggy bank, and you want to take out a lot of money.
Zerodha is like a bank for investing that has a rule: you can only take out up to 5 crore rupees (a very large amount of money) each day.
An investor said this rule felt like a scam because he couldn't take out all his money at once.
Zerodha's boss explained that this rule is like a safety check, not to steal money, but to make sure everything is okay before a huge amount of money is moved.
They said they can still give him his money, but he just needs to ask in a special way if it's more than 5 crore rupees.
After he asked in that special way, they gave him his money.
An investor accused online broking platform Zerodha of being a 'scam' after being unable to withdraw over Rs 5 crore.
The investor highlighted a daily withdrawal limit of Rs 5 crore, claiming Zerodha used his funds without permission.
Zerodha's support team advised that withdrawals exceeding Rs 5 crore required raising a support ticket.
Zerodha Co-Founder Nithin Kamath clarified the Rs 5 crore limit is a standard check for large withdrawals to ensure system sanity.
Kamath confirmed the investor's payout requests were processed and emphasized the procedure prevents systemic risks.
- Who
- Zerodha, its co-founder Nithin Kamath, and an investor Dr. Anirudha Malpani
- What
- An investor accused Zerodha of being a 'scam' due to a daily withdrawal limit of Rs 5 crore, while Zerodha explained it as a standard operational procedure.
- When
- The investor raised the issue recently, and his payout requests were processed the following day.
- Where
- Zerodha's online trading platform and social media (X)
- Why
- The investor alleged unfair restrictions on withdrawing large sums of his own money, while Zerodha cited the need for checks to maintain system integrity and prevent financial risks.
Investor's Claim
Zerodha's Explanation
Withdrawal Restrictions
Investor's Claim
An investor alleged Zerodha is a 'scam' for preventing him from withdrawing over Rs 5 crore, citing a daily limit and stating they use his money for free.
Zerodha's Explanation
Zerodha stated the Rs 5 crore limit is a threshold for requesting withdrawals via a support ticket, a standard operational check to ensure system sanity and prevent irreversible fund loss.
Process Resolution
Investor's Claim
The investor publicly called out Zerodha on X, sharing screenshots as proof of the withdrawal issue and calling the situation unfair.
Zerodha's Explanation
Zerodha's support team informed the investor that requests exceeding Rs 5 crore could be processed by raising a support ticket, and Zerodha co-founder Nithin Kamath confirmed the investor's payout requests were processed the previous day.
- Platform
- Zerodha
- Allegation Type
- Scam / Withdrawal Limit
- Investor Name
- Dr. Anirudha Malpani
- Investor's Account Balance
- Rs 42,92,98,198.10
- Daily Withdrawal Limit Mentioned
- Rs 5 Crore
- Resolution
- Investor's payout requests processed