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Groww Demat and Trading Account Open Online – Opening Procedure, Forms and Latest Offers

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Groww  Demat Account Online

Groww Offers a free Demat and Trading Account with 0/- Charges. you can trade in mutual funds can open accounts with zero charges. Groww providing services online to ease this process of buying and selling stocks as a bank account.

Why You Should Choose Groww Demat Account?

Groww is a new-age investment platform started in 2016 with the mutual fund. nowadays earned 90 lakhs+ users across India in such a short span of time.

  1. You can apply online trading in the equity intraday and equity delivery segments.
  2. You do zero brokerage on equity delivery.
  3. You can do low brokerage charges of Rs. 20 per order.
  4. There is zero commission online investment in mutual funds.
  5. You can apply for an online IPO investment.
  6. You can instantly open an online account.
Groww Demat and Trading Account Open Online
Groww Demat and Trading Account Open Online

Feature of Groww Demat Account.

  1. You can trade in a number of trading segments such as Equity, Futures, Options, IPOs, Currencies, and much more.
  2. This is safe and secures all your securities and eliminates the risk of theft, damage, or forgery.
  3. It provides free research services to its customers.
  4. You will get 2-in-1 Demat and Trading account facilities.

Benefits of Groww  Demat Account.

  1. It allows an investor to trade from across the globe without stamp work or paying custom duties.
  2. The investors have high confidence in the management of the company
  3. It provides a single rate for all customers reduces the operational risks significantly.

Eligibility Criteria and Document Require of Groww Demat Account.

You can apply with the following documents.

  1. Applicant’s Photograph and Signature on a blank paper.
  2. PAN Card as ID Proof.
  3. For Address Proof such as Electricity Bill, Driver’s license, Voter’s ID Card, Bank proof, and much more.
Groww Demat and Trading Account Open Online
Groww Demat and Trading Account Open Online

Groww Trading Software (Platforms)

You can transact seamlessly switching between the Groww app and website. It’s working on new products like US Stocks, Fixed Deposits, Digital gold, and mobile app in a planned way

Groww (Mobile App)

It’s providing free of cost to customers to invest in Equity and Mutual funds. you can one-click buy/sell, free content, and videos related to stock investments for beginners to advanced.

Groww (Website version)

This is an online web-based trading platform. It explores stocks, mutual funds, digital gold, IPO,  and much more.  You will get complete resources, E-books, and blogs that educate and general information on the stock markets.

Groww Demat and Trading Account Open Online
Groww Demat and Trading Account Open Online

How to Open Groww Demat Account?

You can open the Groww Demat Account by following given below steps.

Before going online or offline apply to open Grow Demat Account. You should collect documents like Aadhaar Card, Pan Card, Signature, Mobile Number, Selfie Photo, Account Number, IFSC Code, email id, and More.

Online

Step-1

You need to click on this link.

Groww Demat Account step-1
Groww Demat Account step-1

Step-2

When the official website opens it will ask to register to Gmail which is by default have shown at that time.

Groww Demat Account Step-2
Groww Demat Account Step-2

Step-3

In this step, you have to verify your mobile number through an OTP.

Step-4

Groww Demat Account step-4
Groww Demat Account step-4

In this step, you have to fill in the mentioned box of your PAN Card. The registered name of the pan card Display now checks to confirm it proceeds.

Step-5

You have to fill in your date of birth, gender, marital status, occupation, father name, and mother name click to next.

Step-6

Groww Demat Account step-6
Groww Demat Account step-6

In this step select your bank type, fill in your IFSC Code, and fill in your account number and proceed to the next level.

Step-7

You have to take a selfie of yourself and record 3 sec of your videos.

Groww Demat Account-7
Groww Demat Account-7

Step-8

Now you to upload your pan card.

Groww Demat Account-8
Groww Demat Account-8

Step-9

Now you have to choose any of your documents Aadhaar Card, Voter ID, Pass Port, Driving License

Groww Demat Account-9
Groww Demat Account-9

Step-10

Groww Demat Account Online Process -10
Groww Demat Account Online Process -10

Uploading Driving License Back.

Step-11

Groww Demat Account Online Process -11
Groww Demat Account Online Process -11

In This step, you have to complete KYC formalities here.

Step-12

Groww Demat Account Online Process -12
Groww Demat Account Online Process -12

Here you can choose one or more of your investments type and tick of Stacks options as well.

Step-13

Groww Demat Account Online Process -13
Groww Demat Account Online Process -13

Here you have to select the Number of selections year in stocks and submit

Step-14

Groww Demat Account Online Process -14
Groww Demat Account Online Process -14

Take signature of your on a white piece of paper. take of pick and upload on the options given below.

Step-15 & 16.

Groww Demat Account Online Process -15
Groww Demat Account Online Process -15
Groww Demat Account Online Process -16
Groww Demat Account Online Process -16

Offline

You can visit your nearest branch Groww with mentioned documents.

Charge for Groww Demat Account.

  1. The Demat and Trading Account opening charge is Free.
  2. The Demat Account AMC (Annual Maintenance Charges) is Rs. 300.
  3. The trading account AMC (Annual Maintenance Charges) is Free.

Things need to take care of before applying the Groww Demat Account.

  1. You can’t trade in derivatives (futures & options), commodity, and currency segments.
  2. It doesn’t provide you any advice, tips, or recommendations, or advisory services.
  3. It’s completely online so no branch support.
  4. It doesn’t provide a margin trading facility and against shares.
  5. It doesn’t provide NRI Trading.

FAQ

Question1. Is there any requirement to maintain a minimum balance in Groww?

Answer- You need not worry about maintenance any minimum balance in the Groww balance account as per your choice. It’s Offer trading and investment convenience instead of making a separate transaction each time.

Question 2. How can I make payment options available in Groww?

Answer- You can choose UPI, Net Banking, NEFT, and other payment as well.

Question 3. Groww is registered in SEBI or not?

Answer-  Yes

Question 4. Is Groww SEBI registered?

Answer- Yes, Groww as the name of NextBillion Technology Private Limited is registered SEBI.

Question 5.  How can I close Groww Demat Account?

Answer.  You need to download and fill Equity Demat & Trading Account Closure Form. once you filled as per instruction send it to the company office.

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