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Why am I getting an “invalid amount” error on Coin?

This error is displayed when you try starting a SIP for ₹2,00,000 or more. You cannot currently place a SIP or a conditional order beyond ₹1,99,999.

The error displayed on the app:

Error displayed on the website:

Zerodha is working on fixing this. Alternatively, you can place a lump sum order for an amount greater than ₹2,00,000.