04 Nov 2025 | 5 Mins Read
Zerodha CEO Clarifies On Withdrawal Threshold Amid Scam Allegations
Flipitmoney
Nithin Kamath, CEO of Zerodha, clarified a social media post alleging that the stockbroker was preventing a client from withdrawing funds. Kamath explained that the ₹5 crore daily withdrawal limit is a check to prevent potential issues, not a cap, and that Zerodha processes withdrawals above this threshold once verified. This practice is common in financial services to ensure security.