'Refund to Bank' means that any funds in your Groww Balance will be sent back to your bank account. This happens according to SEBI guidelines. Here’s how it works:
- Monthly or Quarterly Refunds: Depending on the settlement period you chose when setting up your Groww account, funds will be refunded on the first Friday of every month or every quarter (30 or 90 days).
- Inactivity: If your account is inactive for 30 days, any funds in your Groww Balance will be automatically refunded to your bank account.
For more details, please click on the 'LEARN MORE' button below.