Product Details
Brokerage and Fees
Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): INR 20 or 0.05% whichever is lower per order.
Brokerage Charge For Intraday Trading: INR 20 per order.
Brokerage Charge For Options Trading: INR 20 per order.
Brokerage Charge For Futures Trading: INR 20 per order.
Demat Debit Charges: INR 13.5 per scrip per debit/sell transaction.
Account Opening Charges: INR 0
Annual Maintenance Charge: INR 0.
Payment Gateway Charges Netbanking: INR 0 each time you add funds to your account.
Payment Gateway Charges UPI: INR 0.
Overdue Interest Charges: 0.045% per day.
Monthly Platform Fee: INR 0 per month.
Digital KYC Charges: INR 0.
Physical Delivery Of Contrct Note: INR 20 per executed transaction.
Call & Trade Order: Not specified.
Account Opening Fees
INR 0
Eligibility
Be an Indian citizen. Be above 18 years of age. Have a bank account with an IFSC code.
Annual Fees
INR 0
Groww Review
Special Features
Extremely intuitive interface.
Features
Cons
Not suited for daily traders.
Limited research reports.
No commodity trading.
Pros
India's largest brokerage - by number of active users.
Extremely intuitive interface.
The app offers news, and insights on stocks.
Low brokerage.
Pros and Cons
How to Apply?
You can open a Groww account online through their website or mobile app. Here's the general process:
Visit the Groww Website or Download the App: Go to the Groww website (https://groww.in/) or download the Groww app from your app store.
Sign Up: Click on the "Open Demat Account" option and provide your email ID and mobile number for registration.
Verify Mobile Number: You will receive an OTP on your registered mobile number for verification.
PAN Verification: Enter your PAN details and date of birth for verification.
Personal Details: Provide your personal information like name, address, etc., and link your bank account details.
Complete KYC: Upload scanned copies of the required documents for KYC verification (PAN Card, Aadhaar Card, etc.).
E-sign the Application: Review and e-sign the account opening form.
Verification: Wait for Groww to verify your details and documents.
Once your application is approved, your Groww account will be activated, and you can start investing.
Documents Required
Aadhaar and PAN for online account opening.
Account Opening and Procedures
Aadhaar and PAN for online account opening.
How to Apply?
You can open a Groww account online through their website or mobile app. Here's the general process:
Visit the Groww Website or Download the App: Go to the Groww website (https://groww.in/) or download the Groww app from your app store.
Sign Up: Click on the "Open Demat Account" option and provide your email ID and mobile number for registration.
Verify Mobile Number: You will receive an OTP on your registered mobile number for verification.
PAN Verification: Enter your PAN details and date of birth for verification.
Personal Details: Provide your personal information like name, address, etc., and link your bank account details.
Complete KYC: Upload scanned copies of the required documents for KYC verification (PAN Card, Aadhaar Card, etc.).
E-sign the Application: Review and e-sign the account opening form.
Verification: Wait for Groww to verify your details and documents.
Once your application is approved, your Groww account will be activated, and you can start investing.
Account Opening and Procedures
Groww Review
Groww has a clean and simple intuitive interface. It offers low brokerage for equity deliver trades (normal stock trading). The app is more suited for DIY young investors. It does not offer research reports like some of its established competitors.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Recommedation For Stock Market Investment
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