You need to add a bank account because government regulations require mutual fund investments to be linked to a bank account. This ensures that any withdrawals or redemptions are processed and credited back to the same account.
Also, if you want to trade in stocks or Futures & Options (F&O) on Groww, you must link your bank account first. Without it, you can't add money to your Groww Balance for trading. Plus, any dividends earned from stocks will be automatically deposited into your demat-linked bank account.
You can add your bank account by clicking the 'BANK DETAILS' button below.