Home Forex Brokers Groww

Groww

4.5 / 10 Overall Score

Website: https://groww.in/
Jurisdiction: India
Operating Since: 2-5 years
Regulatory Status: N/A

Score Breakdown

License
Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: Groww
Phone: 9.19E+11
Email: —
Address: Vaishnavi Tech Park, 3rd Floor Sarjapur Main Road, Bellandur Bengaluru – 560103

License Info: —

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# Groww Company: Corporate and Regulatory Overview

## Company Overview

Groww company is a leading fintech and investment platform in India, primarily focused on providing online demat, trading, and direct mutual fund investment services. Founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww began as a mutual fund investment platform and has since expanded its offerings to include equity trading, IPOs, ETFs, and digital gold.

The company operates under the parent organization Nextbillion Technology Private Limited and is headquartered in Bengaluru, Karnataka, India. As of now, Groww has gained the trust of over 10 million active investors, making it one of the most prominent stock brokers in the Indian market.

## Corporate Development

Since its inception in 2016, Groww has undergone significant growth and development. Initially launching as a mutual fund investment platform, the company expanded its services to include stock trading in June 2020. This diversification has allowed Groww to cater to a broader demographic of investors, particularly millennials, who seek a technology-driven, user-friendly investment experience.

Key milestones include partnerships with over 34 mutual fund houses, enabling users to access a wide range of investment options. The firm has also received high ratings on app stores, reflecting its popularity and user satisfaction.

## Corporate Structure and Subsidiaries

Groww operates as a single entity under the brand name of Nextbillion Technology Private Limited. The company offers both demat and trading accounts, allowing clients to hold and trade various financial instruments electronically. The operational divisions include customer support, technical analysis, and investment advisory services, although it should be noted that Groww does not provide personalized investment recommendations.

## Regulation and Compliance

Groww company is a SEBI-registered stock broker, adhering to the regulations set forth by the Securities and Exchange Board of India. The registration number for Groww is INZ000301838, and it is also a member of both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

The company prioritizes client fund protection through segregation of client funds and compliance with regulatory standards. Groww maintains a transparent operational framework, ensuring that users are informed about fees, charges, and the risks associated with investing.

## Global Presence and Market Coverage

Primarily focused on the Indian market, Groww serves a vast demographic of retail investors looking to engage in stock trading and mutual fund investments. The platform is accessible through both mobile and web applications, which cater to the needs of tech-savvy investors. While Groww does not have physical branches, its online presence allows it to reach customers across India efficiently.

## Financial and Operational Data

As of 2023, Groww boasts over 10 million active users, reflecting its rapid growth in the financial services sector. The company has made significant investments in technology and infrastructure to enhance user experience and ensure secure transactions. The operational model is designed to be cost-effective, with no hidden charges for mutual fund investments and minimal brokerage fees for trading.

## Reputation and Industry Standing

Groww company is well-regarded within the fintech and investment community, particularly among beginner investors. It has gained a reputation for its user-friendly interface and transparent fee structure. Public reviews indicate high customer satisfaction, although some limitations exist, such as the lack of support for commodity and currency trading.

The company’s collaboration with major financial institutions and adherence to regulatory standards contribute to its credibility in the market.

## Summary

In summary, Groww company presents a robust profile as a leading fintech platform in India, with a strong regulatory background and a commitment to providing accessible investment services. Its operational integrity, combined with a focus on technology and customer satisfaction, positions Groww favorably in the competitive financial services landscape. As it continues to expand its offerings and user base, Groww is likely to play a significant role in shaping the future of online investing in India.

Account Types

# Groww Account Types

Groww offers a straightforward account structure primarily focused on facilitating investments in stocks, mutual funds, and other financial instruments. The available account types are:

### 1. Demat Account
- **Minimum Deposit Requirement:** ₹0
- **Annual Maintenance Charges (AMC):** ₹0
- **Trading Instruments Available:** Stocks, Mutual Funds, IPOs, Digital Gold, ETFs, US Stocks
- **Base Currencies Supported:** Indian Rupee (INR)
- **Execution Model:** Online trading via the Groww app and web platform
- **Unique Features:**
 - Completely paperless account opening process
 - Ability to hold various securities in electronic format

### 2. Trading Account
- **Minimum Deposit Requirement:** ₹0
- **Annual Maintenance Charges (AMC):** ₹0
- **Trading Instruments Available:** Stocks, Equity Futures, Equity Options, Mutual Funds, Digital Gold, IPOs
- **Base Currencies Supported:** Indian Rupee (INR)
- **Execution Model:** Online trading via the Groww app and web platform
- **Unique Features:**
 - Flat brokerage fee of ₹20 per executed order or 0.05%, whichever is lower
 - Access to educational resources and tools for beginners

# Groww Broker Account Opening Process

Opening an account with Groww is a simple and efficient process. Follow these steps to get started:

1. **Visit the Groww Registration Page:**
 - Go to the Groww website or download the Groww app from the Play Store or App Store.

2. **Register:**
 - Enter your email and mobile number to create an account.

3. **Verify Your Mobile Number:**
 - An OTP will be sent to your registered mobile number. Enter the OTP to verify.

4. **Enter Personal Details:**
 - Fill in your PAN card number and other personal information such as date of birth, gender, and occupation.

5. **Bank Account Verification:**
 - Select your bank from the list and verify your bank account details.

6. **Complete KYC Registration:**
 - Provide additional details required for KYC, including income details and nominee information.

7. **Upload Documents:**
 - Upload a signature and a photograph as part of the KYC process.

8. **E-Sign the Application:**
 - Complete the Aadhaar-based e-sign process by entering your Aadhaar number and verifying it with an OTP.

9. **Account Activation:**
 - Your account will be activated within 24 hours after verification. You will receive your login credentials via email.

After completing these steps, you can start trading on the Groww platform using the app or web interface.

Deposit & Withdrawal

# Groww Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## Part 1: Groww Minimum Deposit Requirements

### Groww Minimum Deposit Explained

- **Exact Minimum Deposit Amount**: Groww does not require a minimum deposit to open an account; users can start trading with any amount they choose.

### Account-Type Comparison

- **Trading Account**: No minimum deposit is required.
- **Demat Account**: Also does not require a minimum deposit.

### Regional Differences

- The absence of a minimum deposit applies uniformly across India, with no regional variations.

### Advantages and Disadvantages

**Advantages**:
1. **Accessibility**: No minimum deposit allows more users to enter the market.
2. **Flexibility**: Investors can start with any amount, making it easier for beginners.
3. **Encourages Saving**: Users can gradually increase their investment as they become more comfortable.
4. **No Pressure**: Investors can choose their investment size based on personal financial situations.

**Disadvantages**:
1. **Limited Initial Investment**: New investors may start with very small amounts, which may limit their trading capabilities.
2. **Potential for Low Engagement**: Without a minimum deposit, some users may not take the investment seriously.
3. **Risk of Overtrading**: Some users might trade excessively with small amounts, leading to potential losses.
4. **Limited Features**: Smaller accounts may not have access to certain features or benefits.

### Competitor Comparison

- **Zerodha**: Also has no minimum deposit requirement.
- **Upstox**: Similar policy with no minimum deposit.
- **Angel Broking**: No minimum deposit as well, making them competitive in this aspect.

## Part 2: Groww Deposit Methods

### Groww Deposit Methods Comprehensive Guide

1. **Bank Transfer**
 - **Processing Time**: Instant for UPI; 1-2 working days for NEFT/RTGS.
 - **Fees**: Generally free.
 - **Availability**: Widely available.
 - **Limits**: Varies based on bank; typically no upper limit.
 - **Pros**: Instant transactions with UPI; familiar method.
 - **Cons**: Longer processing time for NEFT/RTGS.

2. **Credit/Debit Cards**
 - **Processing Time**: Instant.
 - **Fees**: No fees charged by Groww.
 - **Availability**: Most major banks.
 - **Limits**: Usually limited to ₹2,00,000 per transaction.
 - **Pros**: Quick and easy.
 - **Cons**: Not all cards may be supported.

3. **E-Wallets**
 - **Processing Time**: Instant.
 - **Fees**: Typically free.
 - **Availability**: Popular wallets like Paytm, Google Pay, etc.
 - **Limits**: Depends on the e-wallet provider.
 - **Pros**: Convenient for users familiar with e-wallets.
 - **Cons**: May require linking bank accounts.

4. **UPI (Unified Payments Interface)**
 - **Processing Time**: Instant.
 - **Fees**: Free.
 - **Availability**: Supported by all major banks.
 - **Limits**: Generally up to ₹1,00,000 per transaction.
 - **Pros**: Fast and secure.
 - **Cons**: Requires a UPI-enabled bank account.

5. **Net Banking**
 - **Processing Time**: Instant for most banks.
 - **Fees**: No fees charged.
 - **Availability**: Available for all banks.
 - **Limits**: Varies by bank.
 - **Pros**: Direct transfer from bank account.
 - **Cons**: May involve multiple steps for some banks.

### Supported Currencies and Recommended Methods

- **Supported Currencies**: Primarily Indian Rupees (INR).
- **Recommended Methods**: UPI and Bank Transfers are recommended for their speed and convenience.

## Part 3: Groww Deposit Process

### Groww Deposit Steps Explained

1. **Log In**: Open the Groww app or website and log in to your account.
2. **Navigate to Deposit Section**: Click on the "Add Money" or "Deposit" option.
3. **Select Payment Method**: Choose your preferred deposit method (UPI, Bank Transfer, etc.).
4. **Enter Amount**: Specify the amount you wish to deposit.
5. **Confirm Transaction**: Follow the prompts to complete the transaction.

### Mobile vs Web Differences

- **Mobile App**: Generally more user-friendly with a straightforward interface.
- **Web Platform**: Offers similar functionalities but may have more detailed options for advanced users.

### KYC Notes and Common Issues with Solutions

- **KYC Verification**: Ensure your KYC is complete for seamless transactions. Issues often arise from mismatched details or unverified accounts.
- **Solutions**: Double-check your KYC documents and information before initiating deposits.

### Typical Fund Crediting Times

- **UPI**: Instant.
- **Bank Transfer**: 1-2 working days.
- **E-Wallets**: Instant.

## Part 4: Groww Withdrawal Methods

### Groww Withdrawal Methods Overview

1. **Bank Transfer**
 - **Processing Time**: 1 working day.
 - **Fees**: No fees charged.
 - **Limits**: Minimum withdrawal is ₹100.
 - **Pros**: Direct transfer to your bank account, no fees.
 - **Cons**: May take longer during peak hours.

2. **UPI Withdrawal**
 - **Processing Time**: Instant.
 - **Fees**: No fees charged.
 - **Limits**: Minimum of ₹100 and maximum based on UPI limits.
 - **Pros**: Fast and convenient.
 - **Cons**: Requires a UPI-enabled bank account.

3. **E-Wallets**
 - **Processing Time**: Instant.
 - **Fees**: No fees charged.
 - **Limits**: Depends on the wallet provider.
 - **Pros**: Quick access to funds.
 - **Cons**: Not all wallets may be supported.

### Recommended Options by Cost and Speed

- **Best Option**: UPI for instant withdrawals.
- **Bank Transfer**: Reliable and no fees, but may take longer.

## Part 5: Groww Withdrawal Process

### Groww Withdrawal Steps Explained

1. **Log In**: Open the Groww app or website and log in to your account.
2. **Navigate to Withdraw Section**: Click on the "Withdraw" option.
3. **Select Withdrawal Method**: Choose your preferred withdrawal method (Bank Transfer, UPI, etc.).
4. **Enter Amount**: Specify the amount you wish to withdraw.
5. **Confirm Transaction**: Follow the prompts to complete the withdrawal.

### ID Verification Requirements

- Users may need to verify their identity through KYC documents if not previously completed.

### Expected Fund Arrival Time

- **Bank Transfer**: 1 working day.
- **UPI**: Instant.
- **E-Wallets**: Instant.

### Typical Delay Reasons and Fixes

- **Bank Transfer Delays**: May occur during peak banking hours; ensure you initiate withdrawals during off-peak times.
- **UPI Issues**: Check if your UPI app is working correctly; sometimes, reinitiating the transaction can resolve issues.

## FAQs – Groww Deposits & Withdrawals

### What is the minimum deposit for Groww?
Groww does not require any minimum deposit to open an account.

### How long do withdrawals take?
Withdrawals typically take 1 working day for bank transfers and are instant for UPI and e-wallets.

### Are there fees for deposits or withdrawals?
There are no fees for deposits or withdrawals on Groww.

### Can the same method be used for both?
Yes, methods like bank transfers and UPI can be used for both deposits and withdrawals.

### Are crypto or local methods supported?
Groww does not support cryptocurrency deposits or withdrawals.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

Groww

Groww

Score Breakdown

Company & Contact

In-Depth Broker Review

Subscribe to our Newsletter