Groww Account Opening

Groww is an emerging discount broker and no doubt almost every new trader wants to experience trade with it. So, in this article, we come up with the information of Groww account opening. 

Technology has changed the world around us. Earlier when there was no concept of Demat account, it took long tiring processes to start trading. But today, human dependency has been reduced to save time and make things happen more accurately. 

To ease things, Groww and other brokers offer the services of online Demat account opening. So, let’s get started to learn how to fill the application to activate the account. 

How to Open Demat Account in Groww App?

Since Groww is a discount broker, it doesn’t have any offline presence as of yet. But it provides the Groww app that makes it easy for you to trade across segments like equity, currency and mutual funds. 

To access the app, you need to complete the process of Groww sign up. The best thing is that you can activate the services completely online. 

Following are the steps to open a demat account in Groww app or Groww web-based trading platform:

• Login to the Groww website or App
• Under the stocks tab, click on complete setup.
• Since account opening is zero in Groww, you may proceed by clicking on  “open stocks account”

• Next step is to fill in the KYC information for which you need to enter the Aadhar card details and PAN number. 

• Further, you’ll be directed to a page where you’ll need to fill in the details such as occupation, name, date of birth, and other basic details. 
• If you have any prior experience in trading you may mention in the tab and proceed to next.

• Now, you’ll be asked to upload a clear photo of your signature.

• The next step is your Aadhaar based e-Sign in which you’ll receive an OTP on the mobile number linked with your aadhaar card. Finally, click on E-SIGN AOF.

• Click on submit.
• On validation of your documents and other details, you would be able to reap the benefits of trading services with Groww. 

Groww Account Opening Form

This option is usually preferred by those whose Aadhaar number isn’t linked with their mobile number. 

In this scenario, you’ll need to take a printout of the account opening form which will be sent to your email when you opt for a “mobile number not linked with Aadhar” option during the registration process. 

On downloading the form, follow the steps given below:

• Fill in all the necessary details. 
• Do not forget to sign the form wherever necessary. Next to this, you need to attach the self-attested copies of the documents required to open a Groww demat account. 
• Send the application form to the head office via courier. 
• Upon verification, you’ll be notified that your account is activated. 

Documents Required to Open Groww Demat Account

When opening a Demat account with Groww, make sure you have all the necessary documents ready. 

For opening a Demat account, it is mandatory to have a PAN card and Aadhar card linked with your registered mobile number. 

Other than this, here is the checklist of documents required:

• Address Proof
• • • E-utility bill
    • Ration Card
    • Voter ID Card
• Identity Proof
• • • Aadhar Card
    • Driving License
    • PAN Card
    • One Passport Size Photograph
• Bank Details
• • • Passbook
    • Canceled Cheque
• Income Proof
• • Account Statement of last 6 month
  • Salary Slip of last 6 month

Groww Demat Account Charges

Next to the opening process and documents, the next important thing to consider for Groww account opening is the fees imposed by the broker. 

Here being the discount broker, Groww imposes no account opening fees for demat accounts. 

Thus you can start trading with the broker without paying any charges. 

Groww AMC Charges

Apart from the Demat account opening charges, the investors are mainly concerned about the Account maintenance fees imposed annually or monthly. 

To ease things for the investors, the broker comes up with another benefit of zero account maintenance fees. 

In all, by choosing Groww, you would be able to reap the benefit of a Free demat account with no annual charges. 

Conclusion

To sum it up, we can say that Groww does offer you a quicker demat account opening with the integration of your trading account as well. And not just online but via offline too. 

Please note that it may take up to a few hours for your account activation after successful sign-in. Post this you can use the app to invest and trade in share market. 

Also, you can use the app to refer the services to your friends or family and earn instant cashback under Groww refer and earn program.

Hope you’ve understood the entire step-by-step process of account opening in Groww. Just keep your documents handy and experience trade with the broker right away.

Happy investing!

Here is the form for you for a quick take-off: