Groww Consumer Complaints

Groww Detail

Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Groww

Complaint against Groww Broker

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Groww brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Groww customers. The Groww consumer complaints report analyzes the Groww online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against Groww broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The Groww complaint no. report also provides Groww’s number of active clients. This shows the growth of the broker year on year.

Groww Consumer Complaints

Exchange Financial Year Number of Clients   ? Total Complaints  ? %
BSE 2020-21 2,650 2 0.08%
NSE 2020-21 424,845 18 0%
BSE 2019-20 2,650 1 0.04%

Groww complaint at NSE

2020-21
Defaulter Yes/NoNo
No. of clients at the beginning of the year
No. of active clients424845
No. of complaints received *18
Resolved through the exchange17
Non actionable **0
Advised / Opted for arbitration0
Pending for redressal with exchange1
No. of arbitration filed by clients
Decided by arbitrators in favour of the clients
Decided by the arbitrators
Pending for redressal with arbitrators
% of No. of complaints as against No. of active clients0
% of complaints resolved as against complaints received94.44

Groww complaint at BSE

2020-212019-20
Defaulter Yes/NoNoNo
No. of clients at the beginning of the year78590
No. of active clients26502650
No. of complaints received *21
Resolved through the exchange21
Non actionable **00
Advised / Opted for arbitration00
Pending for redressal with exchange00
No. of arbitration filed by clients00
Decided by arbitrators in favour of the clients00
Decided by the arbitrators00
Pending for redressal with arbitrators00
% of No. of complaints as against No. of active clients0.080
% of complaints resolved as against complaints received100100

Note:

  • * Including against its sub brokers, authorised persons, employees, etc.
  • ** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

Contact Groww

Name:Phone
EmailCity
State
Are you a day trader?

1 Comments

shivanand
1. shivanand  Jan 19, 2021 09:36 I Like It. | Report Abuse Reply 0
groww site will not properly in emergencies








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