Groww is an emerging discount broker and no doubt almost every new trader wants to experience trade with it. So, in this article, we come up with the information of Groww account opening.
Technology has changed the world around us. Earlier when there was no concept of Demat account, it took long tiring processes to start trading. But today, human dependency has been reduced to save time and make things happen more accurately.
To ease things, Groww and other brokers offer the services of online Demat account opening. So, let’s get started to learn how to fill the application to activate the account.
How to Open Demat Account in Groww App?
Since Groww is a discount broker, it doesn’t have any offline presence as of yet. But it provides the Groww app that makes it easy for you to trade across segments like equity, currency and mutual funds.
To access the app, you need to open a demat account with the broker. The best thing is that you can activate the services completely online.
Since account opening is zero in Groww, you may proceed by clicking on “open stocks account”
Next step is to fill in the KYC information for which you need to enter the Aadhar card details and PAN number.
Further, you’ll be directed to a page where you’ll need to fill in the details such as occupation, name, date of birth, and other basic details.
If you have any prior experience in trading you may mention in the tab and proceed to next.
Now, you’ll be asked to upload a clear photo of your signature.
The next step is your Aadhaar based e-Sign in which you’ll receive an OTP on the mobile number linked with your aadhaar card. Finally, click on E-SIGN AOF.
Click on submit.
On validation of your documents and other details, you would be able to reap the benefits of trading services with Groww.
Groww Account Opening Form
This option is usually preferred by those whose Aadhaar number isn’t linked with their mobile number.
In this scenario, you’ll need to take a printout of the account opening form which will be sent to your email when you opt for a “mobile number not linked with Aadhar” option during the registration process.
On downloading the form, follow the steps given below:
Fill in all the necessary details.
Do not forget to sign the form wherever necessary. Next to this, you need to attach the self-attested copies of the documents required to open a Groww demat account.
Send the application form to the head office via courier.
Upon verification, you’ll be notified that your account is activated.