This article covers all the details regarding opening and managing accounts on the Groww login.
Groww is a popular online investment platform in India that allows users to invest in mutual funds, stocks, and other financial instruments.
It was founded in 2016 and has since grown to become one of the most popular investment platforms in the country, with over 15 million users.
Having a seamless and secure login process is crucial for online investment platforms like Groww. It ensures that you can access the accounts quickly and easily while also protecting sensitive financial information from unauthorized access.
It also explains the registration process, documentation required, and login methods for a Groww account and provides troubleshooting solutions for common login issues that you may face.
Types of Groww Accounts
Groww offers the following types of accounts:
- Demat Account: A Demat account is required to hold securities such as stocks, bonds, and mutual funds in electronic form. Groww offers a free Demat account to its users.
- Trading Account: A trading account is required to place buy or sell orders for securities. Groww offers a free trading account to its users.
- Mutual Fund Account: A mutual fund account is required to invest in mutual funds through the Groww platform. Groww offers a free mutual fund account to its users.
- NPS Account: Groww also offers a National Pension System (NPS) account, which is a retirement savings account. You can open an NPS account through Groww and invest in NPS schemes to save for your retirement.
It’s important to note that you can link the Demat, trading, and mutual fund accounts with a single Groww account, making it easy to manage all the investments in one place.
Account opening charges
The table outlines the charges for opening a trading and Demat account with Groww
|Trading Account Opening||Free|
|Demat Account Opening||Free|
|Annual Maintenance Charges (AMC)||Free|
|Demat Account Annual Maintenance Charges (AMC)||Free|
All the charges under the GRoww account opening process are free including the trading account, Demat account, and AMC charges are free.
Open Demat Account with Groww Now! – Fill up the Form
Groww Registration Process
To register for a Groww account, you need to follow these steps:
- Visit the Groww website or download the Groww app from the app store.
- Click on the “Sign Up” or “Get Started” button.
- Enter the Demat mobile number and verify it with an OTP.
- Enter Demat PAN (Permanent Account Number) card details.
- Provide Demat details such as name, email ID, and date of birth.
- Set up a password and create a four-digit PIN for added security.
- Provide Demat bank account details to complete the registration process.
Documentation required to open an account
Here’s a list of all the documents required for opening a Groww account:
- PAN (Permanent Account Number) Card: PAN card is mandatory for investing in mutual funds in India. You need to provide your PAN card details during the registration process.
- Bank Account Details: You need to link your bank account to the Groww account to invest in mutual funds. You also need to provide the bank account number, IFSC code, and bank name during the registration process.
- Aadhaar Card (Optional): Aadhaar card can be used for completing the KYC (Know Demat Customer) process. KYC is mandatory for investing in mutual funds in India.
- Passport (Optional): Passport can be used as an alternative to the Aadhaar card for completing the KYC process.
- Voter ID Card (Optional): A voter ID card can also be used as an alternative to the Aadhaar card for completing the KYC process.
- Driving License (Optional): A driving license can also be used as an alternative to the Aadhaar card for completing the KYC process.
Apart from these documents, you also need to provide other details such as name, date of birth, and contact details during the registration process.
It’s important to provide accurate and up-to-date information to avoid any issues while partaking in future investing activities.
Groww Login Process
To login to a Groww account, you need to follow these steps:
- Visit the Groww website or open the Groww app.
- Click on the “Login” button.
- Enter Demat registered mobile number or email ID.
- Enter the Demat password and click on “Login”.
- You can also use biometric authentication or two-factor authentication for added security.
It’s important to use a strong password and enable two-factor authentication to protect the Demat account from unauthorized access.
Ways to Login into Groww Account
Here are details on the different login methods available on Groww:
- Login with mobile number: You can login to the Groww account using the registered mobile number. After entering the mobile number, you need to enter the password to access the account.
- Login with email ID: Users can also login to their Groww account using their registered email ID. After entering their email ID, they need to enter their password to access their account.
- Biometric authentication: Users can enable biometric authentication on their Groww account, which allows them to login using their fingerprint or facial recognition. This is a convenient and secure way to access their account.
- Two-factor authentication: Groww also offers two-factor authentication, which adds an extra layer of security to the login process. After entering their login credentials, users need to enter an OTP (one-time password) sent to their registered mobile number or email ID to access their account.
Groww Account Troubleshooting Issues
Some common login issues faced by Groww users include forgotten passwords, issues with biometric authentication, and errors while entering login credentials. To troubleshoot these issues, you can:
- Reset the Demat password by clicking on the “Forgot Password” link and following the instructions.
- Check if the device is compatible with biometric authentication and try again.
- Contact Groww customer support for further assistance.
Groww Account Closing Process
If you want to close your Demat Groww account, you can do so by following these steps:
- Sell or transfer Demat securities: Before closing the Demat Groww account, you should sell or transfer any securities you hold in the Demat account. You can sell Demat securities on the Groww app or website by placing a sell order, or you can transfer Demat securities to another Demat account.
- Clear all dues: Make sure you clear any outstanding dues, such as AMC or trading charges, before closing the Demat account. You can check the Demat account statement on the Groww app or website to ensure that there are no pending dues.
- Contact customer support: To initiate the account closing process, you can contact Groww’s customer support team through the app or website. You can request them to close the Demat account by providing Demat account details.
- Submit account closure form: After the Demat request for account closure is processed, you will be asked to submit an account closure form. This form will be sent to Demat’s registered email address, and you will need to fill it out and submit it to Groww.
- Provide necessary documents: Along with the account closure form, you will also need to provide some documents such as a copy of your Demat PAN card, a canceled cheque, and a signed account closure letter.
- Await confirmation: Once you have submitted the account closure form and necessary documents, you will need to wait for Groww to process the Demat request. You will receive a confirmation once the Demat account has been closed.
It may take a few days to process the Demat account closure request, and you should ensure that all dues are cleared before submitting the account closure form.
Groww – Conclusion
In conclusion, Groww is an excellent investment platform that offers a simple and secure account opening process for its users.
With a wide range of investment options such as mutual funds, stocks, and NPS schemes, Groww allows you to manage all your investments in one place.
The registration process is straightforward, and the documentation required is minimal, making it easy for anyone to start investing.
The free Demat, trading, and mutual fund accounts offered by Groww, along with its low maintenance charges, make it an attractive option for those looking to invest in the Indian market.
With multiple login options and the ability to enable biometric and two-factor authentication, Groww ensures that your sensitive financial information is always secure.
Thus, Groww is a reliable and user-friendly investment platform that provides a great investment experience for all types of investors.
Open Demat Account with Groww Now! – Fill up the Form
Most Read Topics
|Top 10 Trading Platforms|
|Best Mobile Trading App|
|Top 10 Stock Brokers in India|
|Best Intraday Brokers in India|
|Stock Brokers Review|