Users of Zerodha's trading app Kite faced a glitch on Monday, leading to concerns and losses for some. After receiving complaints on social media, the company acknowledged that it was due to a connectivity issue. This is not the first time Zerodha has faced technical issues, as similar incidents occurred in December 2023 and November 2023.
Zerodha, India's largest stockbroker, faced a technical glitch on Monday, causing concerns and losses for some users of its trading app Kite. This is not the first time Zerodha has experienced technical issues, with similar incidents occurring in December 2023 and November 2023.
According to Zerodha, the glitch was caused by a connectivity issue. The company acknowledged the problem on social media and said it was working to resolve it. However, some users reported that they were unable to access their accounts or place trades for several hours.
This incident has raised concerns about the reliability of Zerodha's platform. Some users have taken to social media to express their frustration and demand compensation for their losses.
Top 5 FAQs and Answers:
What caused the Zerodha glitch? Answer: The glitch was caused by a connectivity issue.
When did the glitch occur? Answer: The glitch occurred on Monday, February 27, 2023.
How long did the glitch last? Answer: The glitch lasted for several hours.
How many users were affected by the glitch? Answer: Zerodha has not released any information on the number of users affected by the glitch.
What is Zerodha doing to resolve the issue? Answer: Zerodha is working to resolve the issue and has acknowledged the problem on social media.
Links for Further Information:
Zerodha's statement on the glitch: https://zerodha.com/z-connect/kite-connect/status-updates/connectivity-issues-on-kite-on-february-27-2023
Zerodha's Twitter account: https://twitter.com/zerodhaonline
Zerodha's Reddit community: https://www.reddit.com/r/zerodha/
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