Home » What is Groww App: Open Demat Account Free
- by Gk
Content
- What is Groww?
- About Groww Company?
- Why Invest Money
- Documents Required
- Steps to Open Demat A/c Free & Get₹100
- Reviews About Groww App
- FAQ
Link to join- Download Groww APP & Get Free ₹100
1. What is Groww App?
Groww app is an Online Investment Platform that helps people to Invest and Trade online in Shares (Stocks), Mutual Funds, IPO, and US Stocks. Anyone can Invest money through Groww App.
Example- If you want to buy a share of Reliance, Sbi, or any other company share. You can invest through Groww.
To Start Invest Online, You need Demat Account. In simple words, a Demat Account is used to hold shares & Securities in electronic (Online) form.
Opening the Demat Account is totally free in the Groww and has zero monthly/Yearly charges.
However, other investment platform apps like Upstox, Zerodha, etc have fees to open a Demat account as well as Monthly Charges.
2. About Groww Company
| Company Name | Groww | ||
| Headquarters | Bangalore, Karnataka, India | ||
| Owner | Next billion Technology Company | ||
| Key people | Lalit Kesher (CEO), Harsh Jain, Neeraj Singh, and Ishan Bansal | ||
| Industry | Financial technology | ||
| Services | Discount Broker- Investment platform | ||
| App & URL | Check Now | ||
| Launched- | April 2016 |
3. Why to Invest & Why through Groww APP
The most important reason to invest is to grow money & enjoy a Dividend every year without doing any work.
You can start investing in shares like Reliance, Infosys, etc. for High safety and Better Returns (More than 10% per year) than any FD (Fixed Deposit has 4.50% Interest Per Year). Don’t Let your money eat by Inflation.
Why through Groww??
1. Groww Provides Free Demat Account & No Monthly Chagres.
2. Get ₹100 as a Joining Bonus only if joined through us. Click here to Join. As direct joining has no offer.
3. The minimum amount to add in Demat acc is ₹100 and You can start buying shares at Even ₹1.
4. Best Customer Support
5. Anytime Withdrawal & No charges at Withdrawal.
4. Documents Requires to Open Demat Account
Groww account opening is anonline and paperless process. The documents you required to open an account are:
1. Address proof – Aadhar Card, Passport, Voters ID, or driving license (Any One)
2. Identity proof – PAN Card.
3. Bank Account details – IFSC Code, Bank account No.
Note- For the online process, You need to e-sign with Aadhar Card and the number linked with the Aadhar card will get OTP to e-sign. If not linked, then you have to courier the document to provided Address.
Open the Account Free & Get ₹100 Now
5. Steps to open Demat acc free & Get ₹100
- First, download the Groww app. Click here to Download (Get ₹100 after Successfully Demat Account creation).
- Verify the Mobile Number & Email id to Start.
- Provide the proof- Aadhar Card, Pan Card to Complete KYC.
- Fill in Bank Account Details i.e. IFSC Code & Account Number Only.
- After Completing Setup, Check the applicable charges and Agree.
- Enter the details of your occupation, income, and names of your father and mother.
- Provide the Pic or Video of you holding any proof to complete verification (If asked).
- Last, e-Sign the documents with your Aadhar Card. (For this you should have an Aadhar card linked to your mobile number). Otherwise, You need to send the physical document to the company address.
- Your Acc will be activated soon and ₹100 will be credited to your Account. (If joined via us)
6. Reviews About Groww APP
Good Things About Groww App
1. No Charges- It is free to open an account & No any Monthly Charges. Moreover, the Groww app has fewer charges than other brokers while selling.
2. Invest or Buy- You can buy any share according to your Budget. You can even buy a share of Rs1. You can also invest in IPO, Mutual Fund, and Digital Gold.
3. Minimum Amount- The minimum amount you can add to grow your wallet is ₹100. Join Now and Get ₹100 Bonus. This offer is only for a Limited Period.
4. App Safety- This app is totally Safe and Made in India.
5. Best For Investors and Students- This is the best app for students and Investors who wants to join and learn about the market for free.
Bad things
1. Not for Professional Traders- This app is not suitable for professional Traders. Sometimes, servers get down and it can cause losses to traders.
Professional Traders can Join Upstox (Premium Demat Account). Traders are those who buy and sell shares on the same day to earn money.
2. Not totally Free- All the brokers’ charges while you buy and sell any shares. Grow also charges but has a very low rate.
It doesn’t even matter to any person because the approx charges are 2rs/1000Rs of buying shares. There are also DP charges but only in selling time.
Note- Yes, you can also double your money in a short time by Investing. But, there is a risk to lose all the money. Investing in risky & Small companies can make big losses to you.
This is the reason, People should always buy Strong and Quality Companies shares. i.e. Reliance, Infosys, SBI, Hdfc Bank, etc.
7. FAQ
1. Is the Groww app registered with Sebi?
Yes, Groww is registered with Sebi as Stock Broker. Grow is registered under the name of“NextBillion Technology Private Limited”. There is no need for one to worry about the authenticity of Groww.
Every Stock Broker has to be mandatorily get approved by the SEBI before transacting in any securities on behalf of the Public or Institutions.
2. Who owns the Groww app?
Next billion Technology– They are the owner of the Groww app. The Ceo of the Groww app is Lalit Keshre. Check the above article for More Details.
3. What happens if Groww shuts down?
First of all, The shares you bought are always deposited to the depository participant i.e. CDSL & NSDL so your holding will be safe. You can access them online through the depository participant site.
4. Can I invest in IPO through Groww?
Yes, You can easily invest in IPO, Mutual Funds, Digital Gold, and US Stocks through the Groww app.
5. What happens to my stocks if brokers shut down?
All shares are safe in electronic form at their depositories i.e. CDSL, NSDL. And, For a Trading account, youneed to apply for compensation with the Investor Protection Fund set up by SEBI.
6. The minimum deposit and withdrawal from the Groww app?
The minimum amount you can deposit & Withdraw is ₹100. Join now/Open an account to get ₹100 as Free Bonus.
7. Is the Groww app safe to invest in Stocks & Mutual funds for the Long Term?
Yes, It is 100% Safe to Invest through the Groww app. Groww app is registered with SEBI so there is no need to worry about it.
Groww is also one of India’s fastest-growing platforms with a customer base of90+ lakh users as of Nov2020.
8. Is the Groww app trustworthy?
Yes, It is totally safe and trustworthy. Groww has 90+ lakh users as of Nov 2020. It is registered with SEBI under the name of “NextBillion Technology Private Limited”. There is no need for one to worry about the authenticity of Groww.
9. What are DP charges in Groww?
Dp charges in Grow are ₹13.5 per company share you sell. This charge doesn’t depend upon share quantity.
Even if you sold 10 shares or a single share of reliance your charges will be ₹13.5. This is charged by the depository participant, not by the Broker.
10. Can I invest 100 RS in the share market?
Yes, You can even buy shares worth Rs1. Open the account through the Groww app and Start Investing Free. Open the account now and Get ₹100 as a Free bonus. LIMITED TIME OFFER. Read the above article for more detail.
11. How to open a free account with Grow?
Opening the Demat account with Groww is free. You need some legal documents for Proof. Firstly, you need to download the Groww app (Click here to Download & Get ₹100 as a Bonus).
12. Is the Groww app Chinese?
No, It is made in India and owned by “NextBillion Technology Private Limited”. The CEO of Groww company is Lalit Keshre.
13. Does the Groww app charge commission?
There are no charges for Account opening & AMC (Annual Maintenance Charges). But the Groww app does charge for buying and selling shares.
Although, these buying and selling charges are so small and it doesn’t even matter to anyone.
14. Groww app is good or bad?
The Groww app is good for investors, students, and small traders. It has a good user interface, security, and most importantly no charges. Moreover, You will get ₹100 when you open an account with Groww.
15. Short Groww Demat account Review?
Overall, It is best for investors, students, and small traders because it has a good user interface, security, a free ₹100 bonus (If joined via us), and most importantly no charges.
And, For big/Experience traders, the Groww app is not recommended. Although, they can use Premium broker- Upstox & Zerodha. Read more in the above article.
16. How to open an account in the Groww app?
Opening the Demat account with Groww is free. You need some legal documents for Proof. Firstly, you need to download the Groww app (Click here to Download & Get ₹100 as a Bonus).
17. Is opening an account on Groww free?
Yes, It is totally free. Even, No monthly or annual charges. Moreover, you can get ₹100 as an account opening bonus. Try Now
18. What are the Documents requires for the Groww app?
1. Address proof –Aadhar Card, Passport, Voters ID, or driving license (Any One)
2. Identity proof –PAN Card.
3. Bank Account details –IFSC Code, Bank account No. Read more in the above article.
19. apps like Groww?
The alternative to the Groww app is Upstox, Zerodha, and Angel Broking. But, only the Groww app is free to create an account while others have account opening fees and Monthly Charges.
20. Upstox vs Groww Which is better Groww or Upstox?
In short, Upstox is fee-based & suitable for all but best for professional traders. Whereas, the Groww app is free and good for Investors, Small Traders, and Students/Learners.
21. Free Demat account with no annual charges?
You can open free Demat and no annual charges with Groww App. You will also get ₹100 as a referral bonus (offer only for joining via us). Read the above article for more.
22. how to open a Demat account for free?
Opening the Demat account with Groww is free and there are no annual charges. Firstly, you need to download the Groww app (Click here to Download & Get ₹100 as a Bonus). Read the above article for steps to open the Demat account free.
23. How to Close Groww Demat Account?
You can close it online on the Groww website.
24. Groww app reviews?
Overall, It is best for investors, students, and small traders because it has a good user interface, security, a free ₹100 bonus (If joined via us), and most importantly no charges.
And, For big/Experience traders, the Groww app is not recommended. Although, they can use Premium broker- Upstox & Zerodha. Read more in the above article
25. is the Groww app safe?
Yes, It is 100% Safe to Invest through the Groww app. Groww app is registered with SEBI so there is no need to worry about it.
Groww is also one of India’s fastest-growing platforms with a customer base of90+ lakh users as of Nov2020.
26. What are the benefits of the Groww app?
It has a good user interface, security, a free ₹100 bonus (If joined via us), and most importantly no charges. You can invest in mutual funds, IPO, and US stocks through Groww. Read more in the above article
27. is the Groww app free?
It is totally free without any doubt. Moreover, you will get ₹100 free as a joining bonus. This offer is only valid through someone’s referral. Start Now Free & Get ₹100.
