Open Free Demat Account with Groww India

Complete Account Registration Process

Our company offers a fully digital registration system catering to investors throughout India. You can open your account via our mobile app or web platform without visiting any office. The entire signup procedure typically finishes within minutes, provided you have all necessary documents ready. Start by downloading the Groww app from Google Play Store or Apple App Store, or access our website directly using any browser. After entering your valid email or Google account, verify your mobile number through an OTP to continue.

During registration, your PAN card details are automatically checked for authenticity. The system retrieves your name as per income tax records for confirmation. This ensures your personal information matches across all stages. Essential documents include a valid PAN card, Aadhaar linked to your mobile number, active bank account with IFSC code, and a recent passport photo. Our biometric verification captures live photographs and signatures, allowing us to process accounts within 24 hours of submission.

KYC Verification Requirements

We comply fully with SEBI’s KYC mandates for investor protection. Our platform’s KYC process is mostly digital, removing the need for physical document submission. First, personal details such as date of birth, gender, marital status, occupation, and annual income are collected for proper risk profiling. We also ask about your trading experience to tailor investment suggestions effectively. Address details are cross-checked with Aadhaar information to ensure consistency. Any mismatches prompt a manual review.

Personal Information Collection

Collecting detailed personal data helps in accurate risk assessment and regulatory compliance. This includes disclosure of annual income and employment status. The system verifies the entered address against government databases to prevent fraud. Your trading history assists in customizing the platform experience. All data is encrypted and handled securely throughout the process.

Document Upload Process

You can upload identity proofs like Aadhaar, voter ID, passport, or driving license. The system requires clear images of both sides of the document. Our OCR technology extracts the relevant details automatically, reducing manual entry errors. The upload interface guides you to position documents correctly with proper lighting. If image quality is insufficient, you may retry multiple times until accepted.

Bank Account Integration Setup

Groww supports integration with over 100 Indian banks for swift fund transfers. We verify your bank account ownership through secure API connections. Both savings and current accounts are accepted for trading and investment transactions. The platform supports public sector banks like SBI and PNB, private banks such as HDFC and ICICI, as well as rural and cooperative banks. Our system facilitates instant deposits and withdrawals using UPI, IMPS, and NEFT methods.

Supported Bank Categories

Our banking network covers all major categories ensuring widespread accessibility. These include:

• Public sector banks (SBI, PNB, Bank of Baroda)
• Private sector banks (HDFC, ICICI, Axis Bank)
• Regional rural and cooperative banks
• Payment banks and small finance banks

IFSC Code Validation

When adding your bank account, the platform automatically checks the IFSC code against RBI’s official database. Branch details appear for your confirmation before linking. Incorrect or inactive codes cause instant error prompts. We maintain an updated repository of branch data across every Indian state and union territory. This ensures successful fund transfers without failure.

Mobile Number Linking Requirements

Aadhaar-linked mobile numbers are essential for our e-sign process during account setup. OTPs are sent to your registered mobile for verification, meeting government digital identity norms. The linking guarantees secure and efficient authentication, preventing identity fraud. We use high-grade encryption to protect OTP data throughout the validation phase. Failed attempts temporarily lock accounts to avoid misuse.

OTP Authentication Process

Each OTP is valid for 10 minutes and permits three entry attempts. Our platform utilizes 256-bit encryption to safeguard this process. OTPs are never stored in our system, enhancing security. Timeouts and failure-triggered locks protect against unauthorized access.

Manual KYC Alternative

If your Aadhaar number is not linked with your mobile, you can opt for manual KYC. This involves printing and signing forms physically. We offer courier pickups from major cities such as Mumbai, Delhi, Bangalore, and Chennai. Manual processing extends activation time to 5-7 business days. All physical documents undergo strict security protocols during verification.

E-Sign Implementation Technology

Groww integrates government-approved e-sign providers linked with UIDAI’s Aadhaar authentication infrastructure. This technology enables legally binding digital signatures equivalent to handwritten ones. The system supports multiple file formats including PDF, JPG, and PNG for documents and signatures. We maintain detailed audit trails for all e-sign activities to ensure compliance. The signing workflow includes document review, Aadhaar validation, OTP verification, and biometric authentication if available.

Signature Upload Requirements

Users can submit signatures by touchscreen drawing or image upload. Supported file formats are JPG, PNG, and PDF. Our system verifies signature consistency across various samples to prevent fraud. The touchscreen tool recommends using a stylus or finger for clarity. Multiple signature samples can be stored for future verification needs.

Account Activation Timeline

Once documents are submitted completely, account activation usually takes 2-4 hours during business hours (9 AM to 6 PM IST). Applications submitted on weekends are processed the next working day. Our automated verification handles 80% of registrations without manual input. Cases requiring additional review may take up to 24 hours. We provide real-time status updates via SMS and email throughout the process.

Account Credentials Delivery

Login credentials are sent securely via encrypted email and SMS. You must change your initial password upon first login. We enforce two-factor authentication for additional security. Demat account numbers and trading credentials are dispatched separately to prevent compromise. Detailed instructions accompany credential delivery to assist with setup. Our customer support team is available to resolve any login issues promptly.

Trading Platform Access

After activation, users can trade equities, mutual funds, and participate in IPOs immediately. We offer zero brokerage fees on equity delivery trades and mutual fund investments. The platform supports both mobile and web interfaces with real-time market data. Advanced charting tools and research reports facilitate informed decisions. Beginners may use the paper trading mode to practice without risking capital. Educational resources on market fundamentals are also available.

Cost Structure and Fee Details

Groww maintains a zero-fee policy for Demat account opening and maintenance across India. There are no annual maintenance charges or hidden fees for account upkeep. This applies uniformly for all account types. Brokerage charges apply only for intraday and Futures & Options (F&O) trades at competitive rates. Our pricing is transparent with no concealed costs.

Fee Structure Breakdown

• Account opening charges: ₹0
• Annual maintenance charges: ₹0
• Demat transaction charges: ₹0 for delivery trades
• Mutual fund investment fees: ₹0
• IPO application charges: ₹0

Transaction Charge Details

Equity delivery trades incur no brokerage fees permanently. Intraday trades are charged a flat ₹20 per order regardless of trade size. Options trading fees are ₹20 per lot with no percentage-based fees. Statutory charges such as STT, stamp duty, and exchange fees are applied as per regulatory guidelines. Our platform displays all applicable charges before confirming orders.

Platform Features and Trading Tools

Our platform offers sophisticated charting tools featuring over 50 technical indicators. We provide live market data for NSE and BSE, updated in real time. Supported order types include limit, market, and stop-loss orders to suit various trading strategies. The mobile app enables biometric login and full trading functionality. We maintain a 99.9% uptime during market operations backed by redundant servers.

Additional features include watchlist customization, price alerts, portfolio tracking, and tax harvesting suggestions. Users can plan investments based on financial goals using our built-in tools. We provide analyst research reports and regular market commentary. Customer support is available via chat, email, and phone during market hours.

Payment integrations allow instant fund deposits through multiple gateways. UPI payments are supported up to ₹1 lakh per transaction, with bank transfers completing within 30 minutes during banking hours.