Groww is one of the most popular stockbrokers’ amongst the new generation, majorly because of its attractive pricing. But is Groww demat account free?
The answer to this question is yes, absolutely yes.
- Groww doesn’t charge any money either for opening a Demat account or for maintaining it.
- Earlier, the Demat account holders had to pay an Annual Maintenance Charge (AMC) of ₹ 25 per month + GST making it ₹ 300 a year + GST on Groww but it was waived off in November 2020.
However, Groww charges a certain brokerage commission on every trade which we will see ahead in this article. Although since it is a Discount Broker, the charges are quite low.
As a discount broker, Groww offers a 2-in-1 service which means you can have a Demat and a trading account both with Groww absolutely free of cost. However, there are certain charges you will have to pay as a brokerage if you trade with Groww demat account.
The brokerage charges of the same are listed below.
| Groww Brokerage Charges | |
| Equity Intraday | 0.05% of the total trade value or flat ₹ 20/order, whichever is lower in value |
| Equity Delivery | 0.05% of the total trade value or flat ₹ 20/order, whichever is lower in value |
| Equity Futures | ₹ 20 per executed order |
| Equity Options | ₹ 20 per executed order |
| Commodity Trading | Not available |
How to open a Demat account on Groww?
The process of opening a Demat account on Groww is quite simple. All you have to do is to submit your personal & bank details and then verify them through an online KYC process. The entire process is online and it just takes a few minutes.
With more than 20 million customers in just 5 years of its incorporation, Groww has become one of India’s largest stockbrokers. It provides a safe, cost-effective, and convenient trading platform to its customers.
We hope we have solved your query regarding the Groww Demat account. If you have any other questions, please drop them down in the comments.
