Greetings investors! We have compiled a list of exhaustive FAQs, to help you invest in stocks on Groww easily. Check them out!
Stocks is now live on Groww. You will be able to see the stocks tab next to mutual fund tab on the app and web now.
Read More : How To Open Demat Account on Groww
With our smooth online process, opening a trading and demat account on Groww is easy and quick. All you have to do is e-sign with your Aadhaar number. On unlocking stocks, you will be required to enter your Aadhaar number and input the OTP received on the mobile number linked to your Aadhaar. It’s as simple as that!
In this case, you may choose an Aadhaar number that is linked to any accessible mobile number, where you can receive the OTP to e-sign. Otherwise, you will have to send us a duly-signed physical form for trading and demat account opening.
Read More : How to Link Aadhaar with Mobile Number Online
There is no charge on opening a trading and demat account on Groww.
Please refer to the table below:
P.S : Please refer to our pricing page for updated charges : https://groww.in/pricing
|Type of charges||Description||Charges applied|
|Equity delivery||Charged by broker on buy orders when equity is delivered in demat account||Rs.20 per executed order or 0.05% of order value (whichever is lower)|
|Equity intraday||Charged by broker per executed order||Rs.20 per executed order or 0.05% of order value (whichever is lower)|
|AMC (Account maintenance charges)||For managing your trading and demat account||Free on Groww|
|DP charges – Buy order||Charged by DP for crediting stocks to demat account||Free on Groww|
|DP charges – Sell order||Charged by DP for debiting stocks from demat account||Rs.8 + Rs.5.50 (CDSL charges) per ISIN (company/ETF) per day on Groww regardless of quantity sold|
|Transaction Charges||Charged by exchange for trading||– 0.00325% of order amount on NSE
– 0.003% of order amount on BSE
(applicable on both buy and sell)
|Clearing Charges||Charged by clearing member of NSSCL (clearing corporation of NSE) and ICCL (clearing corporation of BSE)||Free on Groww|
|Payment gateway charges||Charges for depositing money in Groww Balance||Free on Groww|
|Stamp Duty||Charged by state government as stamp duty for contract note||Maximum of 0.018% (but different for each state)|
|SEBI turnover charges||Charged by SEBI (Securities and Exchange Board of India) for regulating the markets||0.0001%|
|Securities Transaction Tax (STT)||Charged by the government when you transact on exchanges||– 0.1% of order amount in case of equity delivery
– 0.025% of order amount in case of equity intraday
|GST||Goods and services tax||18% applied on charges wherever applicable|
There are no account maintenance charges on Groww. Investors will be charged Rs. 20 or 0.05% of the order amount, whichever is lower, for every order.
Read more on Groww: Now Pay Zero Account Maintenance Charge on Groww
Post completion of the onboarding process, please allow a maximum of 24 hours to verify and activate your account for stocks on Groww.
Groww will never advise/recommend any stocks. However, you can browse through our smart filters (such as top gainers) and simplified analysis of each stock on our platform to make an informed decision before investing in a stock.
We support the following types of orders:
Market order : An order to buy/sell a stock immediately, but the execution price will be at or near the ask price (for buy orders) and current bid (for sell orders).
Limit order : An order to buy/sell a stock at a specific price or lower (for buy orders) and higher (for sell orders).
Pre-market session: 9 AM – 9:15 AM
Normal trading hours: 9:15 AM – 3:30 PM
Post-market session: 3:40 PM – 4:00 PM
Read more about pre-market and post-market sessions and orders here: Stock Market Timings
BSE (Bombay Stock Exchange) and NSE (National Stock Exchange of India) categorizes stocks into groups and series respectively based on what they represent (for example: actively traded stocks, small & medium enterprise stocks, government securities, etc.).
For more details on BSE groups, visit: https://www.bseindia.com/markets/equity/EQReports/tra_trading.aspx?expandable=6
For more details on NSE series, visit: https://www.nseindia.com/products-services/equity-market-segment
Hope this was helpful!