Adding Money to US Stocks on Groww with Kotak Mahindra Bank: A Step-by-Step Guide
Adding money to your US Stocks balance on Groww is an important step before you can start investing in US stocks and ETFs. When you add money to your US Stocks balance on Groww, you may be redirected to your bank's secure page to verify the payment. For Kotak Mahindra Bank customers, this is part of the transaction authentication process.
If you are unsure about what happens after you tap "Add money",
Here's a quick walkthrough for Kotak Mahindra Bank customers, what you'll need and what you'll see at each step.
What Do You Need Before You Start?
Keep these handy so the process takes just a few minutes:
➡️ Your phone, with the mobile number linked to your Kotak Mahindra Bank account, to receive OTPs.
➡️ Your Kotak Customer ID and net banking password, if you choose to verify with net banking.
➡️ Your Kotak debit card, if you choose to verify with your card. You'll need the last 4 digits, expiry date and PIN.
How to Add Money to US Stocks Using Kotak Mahindra Bank
Step 1: Start on Groww
- Open the Groww app and go to the "You" section.
- Tap "Add money" next to your US Stocks balance.
- Enter the amount you want to add. Your Kotak Mahindra Bank account will show under "Net Banking (Remittance)". Tap "Add money".
- On the "Confirm Bank Details" screen, check your Kotak Bank account number, Customer ID and source of funds. Tick the consent box and tap "Continue".
- Enter the OTP sent to the mobile number linked to your bank account and tap "Proceed now".
Step 2: Verify Yourself with OTP on the Kotak Bank Page
Next, you'll land on a secure Kotak Mahindra Bank page called "Verify OTP".
What Happens After You Pay?
Back on Groww, the "USD deposit status" page shows whether your payment went through, along with a timeline, the amount, and the bank account used. You can also copy your transaction ID from here if you need it later.
You'll also get a confirmation email, whether your payment succeeded or failed. If a payment fails, for example because you didn't complete the journey, you can go back to Add money and try again.
A Few Quick Tips
➡️ Keep your phone with you so you don't miss an OTP.
➡️ Complete the Verify Yourself step within the 5-minute timer.
➡️ Never share your OTP, password or PIN with anyone.
Ready to Add Money?
Now you know what to expect at every step. Open the Groww app, head to your "You" section and add money to your US Stocks balance with confidence.
Team Groww