Greetings investors! We have compiled a list of exhaustive FAQs, to help you invest in stocks on Groww easily. Check them out!
In this article
- How Do I Unlock Stocks on Groww?
- What are the Documents Required to Unlock Stocks on Groww?
- What if My Mobile Number is Not Linked to my Aadhaar Number?
- Is There An Account Maintenance Charge?
- How Long Does it Take to Activate Stocks Account on Groww?
- Do you provide any stock investing tips/advice on Groww?
- What Are the Types of Orders Available on Groww?
- Why Are There Different Groups/Series on BSE and NSE?
How Do I Unlock Stocks on Groww?
Currently, our stock investing feature is in beta version. Update your Groww app to the latest version (12.34) to be able to access stocks. If you’re unable to access it, don’t worry. You will receive an invite as soon as we launch our stocks feature (which is very soon).
What are the Documents Required to Unlock Stocks 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!
What if My Mobile Number is Not Linked to my Aadhaar Number?
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.
How Much Do I Have to Pay for Account Opening?
This account opening charge is a one-time only payment of Rs.200 for opening a trading and demat account. However, if you are seeing this before 1 May 2020, you’re lucky because it’s free to open a trading and demat account on Groww right now!
What are The Charges for Investing in Stocks via Groww?
Please refer to the table below:
|Type of charges||Description||Charges applied|
|Equity delivery||Charged by broker on buy orders when equity is delivered in demat account||Free on Groww|
|Equity intraday||Charged by broker if you buy/sell on the same day||Rs.20 per executed order or 0.01% of order value (whichever is lower)|
|AMC (Account maintenance charges)||For managing your trading and demat account||Rs.25/month + GST, charged quarterly|
|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|
Is There An Account Maintenance Charge?
Yes, there is an AMC (account maintenance charge) of Rs.25/month + GST, charged quarterly.
How Long Does it Take to Activate Stocks Account 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.
Do you provide any stock investing tips/advice 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.
What Are the Types of Orders Available on Groww?
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).
What are The Market Timings/trading hours?
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
Why Are There Different Groups/Series on BSE and NSE?
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!