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What is Quarterly refund/ monthly refund?
As per SEBI guidelines, funds kept in Groww Balance for over 30 or 90 days will be refunded to your primary bank account after completion of the settlement period (30 or 90 days) chosen by the user while creating a Groww account.
Alternatively, in case of inactivity in your account for 30 days, funds in your Groww balance will be refunded to your primary bank account.
This is known as known as quarterly refund or monthly refund.
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