Groww Demat Account Charges, Review, Opening

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Groww is an online discount broker offering both trading and Demat account to its customers as a part of its 2-in-1 account services. Groww Demat account is an online account where Groww customers can keep their shares, mutual funds, ETF in electronic format.

To invest in the Indian stock market, an individual mandatorily needs a trading as well as a Demat account. The trading account is required to place buy/sell orders. A Demat account is required to hold your securities safely in electronic format.

Groww Demat Account review

Groww offers free Demat account opening with zero maintenance charges.

Groww is a depository participant (DP) with CDSL. Through its CDSL membership, Groww offers the Demat Account and other related depository services to its customers. Groww Demat account helps to invest in shares, IPO, ETF, mutual funds.

Groww Demat Account is safe and secure. Similar to all other brokers, the Demat account is actually with the CDSL depository. The shares you hold in the Demat account remains with the CDSL and not with Groww. Groww just provides the facilitation services. Moreover, you are not mandatorily required to sign a Power of Attorney with Groww. Groww has allowed you to sell your stocks using Groww TPIN. Groww TPIN is an electronic delivery instruction slip that enables you to transfer shares from your Demat account to exchange for fulfilling your delivery obligation on time.

Groww Demat Account Key features

  • Free account opening.
  • Zero maintenance charges.
  • Online and Paperless account opening.
  • Instant account opening.
  • Groww TPIN.

Groww Demat Account Number

Groww Demat account number is a 16-digit number. It is a combination of Groww CDSL DP ID and your Client ID. The CDSL DP ID and your client ID are both of 8 digits each.

Groww CDSL DP ID is 12088700. You can find your Client ID in the Client Master Report (CMR). You get the CMR as part of the onboarding process that has the Groww Demat account details. Alternatively, you can also find your client ID on the Groww web or Groww app under the personal details tab.

For example, if your client ID is 999999999, then your Groww Demat account number will be 12088700999999999.

For a detailed Groww Demat account opening process, read the Groww account opening.

Groww Demat Account Login

Groww Demat account login credentials get sent to you on completion of your account opening process. As part of the onboarding process, the company sends a welcome email on your registered email id with your login details and a Client master Report that contain the details of your Groww Demat account.

Groww Demat Account Closure

You can close your Groww Demat account anytime you wish. Generally, it is advisable to close the Demat account if not in use, as a Demat account attracts maintenance charges even when not in use. But, since currently, Groww has zero maintenance charges, you can assess if you want to maintain the account or not.

To close the Groww Demat account, you need to send a physical closure form to the broker office. The Groww Demat account closure form is available on the Groww website under Downloads.

For a detailed Groww Demat account closure process, read Groww account opening.

Groww Demat Account Opening Charges

To open a new Demat account with Groww, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

Demat Account Opening FeeRs 0
Demat Account Annual Charges (AMC)Rs 0

Groww Demat Account Charges

Groww demat account charges are Demat Account Opening fee of Rs 0 (Free), AMC of Rs 0 (free) and Debit Transaction Charge of Rs 13.50 per script.

ID Transaction Charges
1 Account Opening Charges Rs 0 (Free)
2 AMC Charges Rs 0 (Free)
5 Transaction Charges (Buy) Rs 0
6 Transaction Charges (Sell) Rs 8 + Rs 5.50 (CDSL Charges) per ISIN
7 Off-Market Transactions (Sell) Rs 8 + Rs 5.50 (CDSL Charges) per ISIN
8 Failed Instruction Rs 50 per ISIN
9 Pledge Creation/ Confirmation/ Closure Rs 20 + Rs 12 per request (CDSL Charges))
10 Pledge Invocation Rs 20
11 DEMAT/Conversion Rs 150 per certificate + courier charges
12 DEMAT/Conversion Rejections Rs 0
13 REMAT Rs 150 per certificate + courier charge
14 Delivery Instruction Book First (10 leaves): Free, Additional (10 leaves): Rs 100 + courier charges
15 Periodic/Adhoc Statement Request Email: Free, Physical: Rs 10 per page + courier charges
16 KYC Modification Request Rs 50
17 KRA Upload/ Download Rs 50
18 Physical CMR(Client Master Report) Rs 20 + courier charges
19 Inter-settlement charges Rs 13.5 + GST

Frequently Asked Questions

  1. 1. Can we open a Demat account on the Groww app?

    Yes, we can open a Demat account on the Groww app.

    To open the Demat account through the Groww app, you need to register your mail id and mobile number and set up a password to login to the Groww app. To open up your account, you need to provide required details like PAN, bank details, photograph, occupation, income, parent's name, and trading experience. To complete the account setup, you are required to E-sign the account opening form.

    Read Groww account opening for a detailed account opening process.


  2. 2. Does Groww require a Demat account?

    No, Groww does not require you to mandatorily open a Demat account along with a trading account in case you already have a Demat account.

    However, it is advisable to open a trading and Demat account with the same broker for seamless transactions. Moreover, since Groww offers free account opening with zero maintenance charges, it is recommended to open both accounts with Groww for your benefit.


  3. 3. How to delete Groww account?

    The Groww account cannot be deleted or closed online. You are required to submit a physical closure form to initiate the closure of the Groww account.

    Steps to delete/close the Groww account:

    1. Download the Equity Trading and Demat account closure form from the Groww website.
    2. Fill in the client ID and reason for the closure.
    3. Submit the duly filled and signed form to the broker head office at the address mentioned on the form.

    Before initiating the closure of the account, ensure to:

    1. Clear any outstanding dues;
    2. Transfer the securities, if any, lying in the Demat account to another Demat account.


  4. 4. Is Groww CDSL or NSDL?

    Groww has a depository membership only with CDSL in the name of 'Nextbillion Technology Private Limited'.

    Groww CDSL depository participant details:

    Groww DP DEBI Registration No : IN-DP-417-2019

    Groww CDSL DP ID : 12088700


  5. 5. What is an AMC charge in Groww?

    Groww has no AMC charges for maintaining a Demat account with Groww.

    Groww is offering free account opening with zero annual maintenance charges.


  6. 6. What is Groww TPIN?

    Groww TPIN is a facility offered by Groww for the newly introduced e-DIS verification process by CDSL for the selling of stocks.

    Groww TPIN is a six-digit PIN that is sent by CDSL to the investor via SMS and email for verification of the stocks. Once generated, Groww TPIN is valid for 90 day s for the selected stocks.

    Groww TPIN authorizes the broker to debit the shares in the Demat account for the verified stocks. It is a secure way of doing the Demat transactions and replacing the earlier PoA regime that involves a bit of risk for the investors.


  7. 7. What is my Groww Demat account number?

    Groww Demat account number is a 16-digit number combining the Groww CDSL DP ID of 8 digits and your Client ID of 8 digits.

    You can find your client ID under the personal details tab in Groww web or app. You can also find your Demat details in the client master report (CMR) received as part of the onboarding process.

    The Groww CDSL DP ID is 12088700. Thus, if your client ID is 12345678, your Groww Demat account no. will read as 1208870012345678.


Information on this page was last updated on Thursday, July 15, 2021


1. Anand Pillai  Jul 28, 2021 17:38 I Like It. | Report Abuse Reply
I want to update KYC in nextbillion private limited as it is showing as DP of CDSL