What is Groww App? How to Open Account on Groww App?

What is Groww App? How to Open Account on Groww App?

In today's time, many people want to invest in stocks and mutual funds. For this, they are looking for an app through which they are easy to invest. In this article, we are going to talk about Groww App, through which you can easily invest in Stock Market and Mutual Fund. Now we will tell you what is Groww App and how to open account on Groww App?

what is groww app

What is Groww App?

GROWW App is a good app to invest in any stock or mutual fund. Through this app you can easily invest in any fund or stock. This App works as both Fund House Manaegr and Stock Broker. With the help of this app, you can buy stock of any company listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Not only this, you can also buy any type of Mutual Fund issued by the Fund House in it.

Groww App provides facility to its investors to open Free Demat Account. It acts as a stock broker, through which you can buy and sell any stock. It is very easy to buy and sell any stock here. Not only this, in this app you get 1% Extra Return on all Mutual Fund Returns.

How to Open Account on Groww?

Opening an account on Groww App is very easy. To open an account here, follow the step by step process given below.

1. First of all go to Google Play Store and install Groww App and then open it.
2. Register with your Email ID and Mobile Number and then Verify through OTP.
3. Enter Pan Card Number to get your Identity Confirmed.
4. Now fill your bank details like IFSC Code and Account Number. After this verify your bank details.
5. Go to the Stock tab and click on Complete Setup. After reading all the information carefully, tick on Agree and click on Open Stock Account.
6. Now fill the information of Occupation (Profession), Income (Income), Father Name, Mother Name and click on Next button. Now you have to complete your KYC.
7. Now after selecting Trading Experience, click on the Next button.
8. Upload your signature on white paper and upload it. After this, e-sign will have to be done through Aadhaar.
9. An OTP will be sent to your Aadhaar Linked Mobile Number, enter it. After this read all the given information carefully and click on Sign Now button.
10. Enter your Aadhaar Number by visiting the NSDL e-sign Service Portal and click on the Send OTP button. Enter the OTP received on the mobile there.
11. After completing this process, your Document Verification will be done by the Stock Broker and within a few hours your Stock Account will be activated on Groww App.

What are the features of Groww App?

As we told you that Groww App is considered to be the best app for investment in Stock Market and Mutual Fund, that is why there are many such features which are not found in any other app. We are going to tell you about this below.

1. No Extra Charge is taken for any transaction in Groww App, nor is there any Hidden Charge charge of any kind that you are not aware of.
2. In this app you can start investing in Mutual Fund with just ₹ 500. Here you are given an extra return of 1% in all mutual fund returns.
3. The facility of SIP Calculater is also available in this, through which you can calculate your investment and return.
4. Through this app, you can invest in any Mutual Fund through SIP.
5. The most important thing about this app is that all the latest finance news and stock market news are available here, through which you can keep your eye on the news of all companies and stock market.
6. This app is just as secure as a bank, as it is encrypted by 128-bit SSL Security.
7. Through this application you can invest in all those Mutual Companies (AMCS) which are registered with AMFI and SEBI.

How to Close Groww Account?

1. If you want to close Groww Account then online facility is not provided for this.
2. For this, you have to download an Account Closure Form by visiting Groww's website.
3. In this form, you will have to fill all your details like Name, Client ID, reason for closing the account, etc. and sign your signature.
4. Apart from this, you will have to attach a copy of Ledger and Unused Delivery Instruction Slip.

After completing this process, send it to the company's address. Your account will be closed within 10 to 15 days. If you want to know more about this, then you can take customer support through chat.

 Conclusion

 Friends, through this article, we have told you what is groww app and how to open an account on Grow App? given information about. I hope that after reading this article, you must have got complete information about Grow App in detail. If you liked this article, then you must give your opinion by commenting to us and also you must share this article on WhatsApp group Instagram page and Facebook Thanks