when a trader can pay in more than 5 lakhs or when has withdrawable balance of more than 5 lakhs why does allow only max 5 laks to be transferred per day?
thanks in advance.
Don’t think there is any issue with withdrawing more than Rs 5lks (I know it is not at Zerodha, but can’t comment at other brokerages). While transferring from the bank, the banks by default have a limit set at 5lks for online transfer. If you want to transfer more, you need to give a request to your bank for the same, with a reason on why you want to make the high value online transfers.