Groww Sign Up

Groww is one of the popular discount brokers in India with a huge client base and impeccable record of service in the stock market. In case you want to register yourself with the broker to reap its services, then here is the complete process of Groww sign up.

You can sign up for Groww with the desktop site or its mobile trading app. We have divided the sign-up process into the following sections to make the sign-up process more understandable and comprehensive.

• Groww Sign Up Process
• Groww Sign Up Documents
• Groww Sign Up Charges

Groww Demat Account 

Groww is known for its mutual fund services but comes up with the trading services in 2020. In the short period of time, the broker is able to attract millennials and other potential investors towards its trading app.

Currently Groww client base is 4499782 with the least number of registered complaints.

This is because of the simple UI of the Groww app and the minimal brokerage fees and other charges associated with the trade.

Apart from this, the broker offers a seamless process to open an account online. To get the complete understanding follow the steps mentioned below.

Groww Sign Up Process

Groww gives you a complete paperless sign-up experience. You will need an Aadhar card seeded mobile number, PAN card, and Bank Account details to begin the sign-up process. 

Here is the complete Groww sign-up process:

• Go to the home page of Groww and click on the Register Button.

• On the next page, fill in your email and hit on the continue button 
• On the next webpage fill in your Aadhar seeded number. An OTP will be sent to your mobile number. Put OTP in the given field and verify OTP.

• Once OTP is verified, apply for the PAN number in the given box and hit on create account button.
• On the next page, you will see your name as written on the PAN card. Click on ‘Yes I am …..’ to proceed as shown in the screenshot below. 
• On the next page, you will have to provide your personal details like Gender, Marital Status, Occupation, Income, and Trading experience. Select Appropriate options and click on proceed.

• Now it is time to provide bank details. Select your bank from the given list.

• You will be prompted to verify your bank. Fill in your bank account number in the given box and hit on the ’Verify Bank’ button.
• Once your bank account is verified you will be redirected to Digilocker to verify your Aadhar card number.
• Click on ‘Authenticate Aadhar’ to share all documents stored in the Digilocker with Groww.

• Fill in your Aadhar card number in the given space and press the ‘Next’ button. An OTP number will be sent to a mobile number seeded with Aadhar. Apply OTP and hit on the ‘Continue’ Button.
• Once OTP is verified you have to press on ‘Allow’ button to give digilocker access to Groww.
• Once this process is complete Groww will do KYC verification automatically.
• After KYC verification you have to upload you have you upload your photo. Hit on the ‘Open Camera’ button to upload your photo. 

• After uploading the photo, put your e-sign in the given box and click on the ‘Submit Signature’ button.
• Once your e-sign is verified. You have to provide details of your nominee. Fill in details and press on ‘Save Changes’ 
• Press on ‘Finish Nominee Addition’ to proceed ahead.
• In the next window upload the required documents to complete the registration prices and press on ‘Finish’ button.
• You will be able to access your Groww Demat account once you receive the login ID and password on your Email.

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Groww Sign Up Documents

As discussed above, one need few documents to complete the verification process and KYC. Here are the list of documents you must keep handy to avoid any delay or hassle. 

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Groww Sign Up Charges

 

Every stockbroker charges specific fees to open a demat account. Along with this there are AMC charges charged annually. But Groww waive off all these charges and hence you can reap the benefit of free demat account.

Here are the details of Groww demat account charges:

 

In addition to these sign-up charges you also need to know about brokerage and other charges related to trading before you start your trading/investing journey. 

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Groww Sign Up Offer

Apart from ₹0 AMC and account maintenance charges, there is another catch for you. You can make additional money with Groww refer and earn demat account offer. 

Currently, refer and earn program is available only for selected users. To find out whether you are eligible for earn and refer rewards and how you can earn follow the steps given below.

• Go into the profile section in the Groww app or on the webpage.
• Find out the option ‘Share and invite link’ on ‘Invite via Whatsapp’ on the ‘Refer and Earn’ Screen.
• Now you can share this link with your friends.

Once your friends complete the sign-up process and activate their trading account with the referral link you shared you will be eligible to earn up to Rs 500 per referred account. 

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Groww Sign Up Problem

Sometimes a user can face some glitches during the sign-up process. This generally makes them think that is Groww app safe. Well, the safety and security of the app depend upon many factors, here are the common issues associated with signing up with Groww are:

• Late or no OTP
• KYC verification failure
• E-Sign issues

Also, you can face sign up issues if your Aadhar is not linked with your mobile number. So make sure your Aadhar, PAN card and mobile number linked with each other.

If these issues appear contact the customer care support of Groww. Also, you should check your internet speed as this also can be the reason for the above issues. 

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Conclusion

Groww Sign Up process is very simple and paperless. Also, you can save on costs like Demat account opening and account maintenance charges as Groww charges nothing for these.

This blog is written to give you prior knowledge of the sign-up process so that you can collect the required documents and sign-up straightforwardly without facing any hassle. 

Hope you will consider opening a Demat account after going through this blog. 

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