Groww Brokerage Charges, Fees, AMC, Transaction Charges 2021


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Groww is an online discount broker with a simple pricing model. It offers a fixed, flat-fee brokerage plan to its customers. The maximum brokerage charged by the stockbroker is Rs 20 per order and the lowest brokerage charged is 0.05% of the transaction value. In addition to the brokerage, an investor also needs to pay various other transaction and regulatory charges, Demat charges over and above the brokerage.

Groww has an online brokerage calculator that helps you calculate the total cost of trading. The Groww brokerage calculator displays the exact amount of brokerage and other charges like STT, exchange transaction charges, SEBI charges, GST, and Stamp duty that you pay on your stock transactions.

Groww Account Charges

Groww offers stock trading account and Demat account services. Customer pays the fees, commission and taxes while trading with Groww. Groww fee structure and trading commission rates are explained as below.

To open Groww account you have to pay account opening charges and annual maintenance charges (AMC).

Groww Account Open Charges | Groww AMC 2021

TransactionFee
Trading Account Opening Charges (One Time)Rs 0
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs 0
Demat Account Opening Charges (One Time)Rs 0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs 0

Groww Brokerage Charges 2021

Customer pays a commission (brokerage) when buying or selling stocks through Groww. The brokerage charges for equity, commodities and currency derivative trading for Groww are explained as below.

Groww Standard Plan

SegmentBrokerage Fee
Monthly Fee (Fixed)NA
Equity DeliveryRs 20 per executed order or 0.05% whichever is lower
Equity IntradayRs 20 per executed order or 0.05% whichever is lower
Equity FuturesNA
Equity OptionsNA
Currency FuturesNA
Currency OptionsNA
Commodity FuturesNA
Commodity OptionsNA

Groww Demat Account Charges 2021

The Demat account transactions are charged separately from the trading commission. Find Groww Demat account charges 2021.

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

Groww Transaction Charges (Exchange Turnover Charge)

A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges .

Groww Transaction Charges 2021

SegmentTransaction Fee
Equity DeliveryNSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity IntradayNSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity FuturesNA
Equity OptionsNA
Currency FuturesNA
Currency OptionsNA
CommodityNA

Groww Trading Taxes

Groww charges government taxes and fees in addition to the brokerage. These Groww trading taxes are shows in the contract note sent to the customer at the end of the day. The below table can be used for the Groww tax calculation.

Groww Tax on Trading

Tax GrowwRates

Securities Transaction Tax (STT)

  • Equity Delivery: 0.1% on both Buy and Sell
  • Equity Intraday: 0.025% on the Sell Side
  • Equity Futures: 0.01% on Sell Side
  • Equity Options: 0.05% on Sell Side(on Premium)
  • Commodity Futures: 0.01% on sell side (Non-Agri)
  • Commodity Options: 0.05% on sell side
  • Currency F&O: No STT
  • On Exercise transaction: 0.125%
  • Right to entitlement: 0.05% on sell side

Exchange Transaction Charges

Refer table above

GST

18% on (Brokerage + Transaction Charge + SEBI Fee)

SEBI Charges

0.00005% (₹5/Crore)

Stamp Duty

(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.

Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)

Frequently Asked Questions

  1. 1. How much does Groww charge for trading?

    Groww is an online discount broker offering low-cost services to its customers. Groww follows a simple pricing model based on the flat fee model. The minimum brokerage charged by Groww is 0.05% of trade value and the maximum brokerage charged is Rs 20.

    An investor has to pay other regulatory and transaction charges like STT, exchange transaction charges, GST, Stamp Duty over and above the brokerage.

    Groww Brokerage Charges

    Segment Brokerage Fee

    Monthly Fee (Fixed)

    NA

    Equity Delivery

    Lower of Rs 20 or 0.05% of trade value

    Equity Intraday

    Lower of Rs 20 or 0.05% of trade value

     

  2. 2. Is Groww free?

    Groww is free for mutual fund investments with no transaction charges, no redemption charges, or any other hidden charges.

    Groww also offers free account opening with zero maintenance charges. However, investing in stocks through Groww is not free. Groww charges a lower of Rs.20 or 0.05% of trade value towards brokerage for equity trades. An investor is also required to pay Demat charges and other regulatory charges like STT, stamp duty, exchange transaction charges, etc over and above the brokerage.

     

  3. 3. What are Groww intraday charges?

    Groww charges a lower of Rs 20 or 0.05% of trade value as the brokerage for intraday transactions. Groww has a flat fee model charging the same brokerage for Equity Delivery and Intraday trades.

    For intraday trades, if the transactions are not squared off by 3.10 PM, Groww initiates auto square off for the open trades, for which it charges a penalty of Rs 50 per position.

     

  4. 4. Does Grows have annual charges?

    No, Groww does not charge any annual maintenance charges for maintaining a Demat account with the broker.

     

  5. 5. How is Groww brokerage calculated?

    Groww follows a flat fee model. It charges a lower of Rs 20 or 0.05% of trade value as the brokerage for equity trades (intraday and delivery). The minimum brokerage charged by the broker is 0.05% of trade value and the maximum brokerage charged is Rs 20.

    For example, if you buy 100 shares of ABC Ltd. at Rs 500, 0.05% of the trade value comes to Rs 25. Since the brokerage charged by Groww is lower of Rs 20 or 0.05%, you are required to pay only Rs 20 as the brokerage for this transaction.

    Let's take a second example wherein you sell 100 shares of XYZ Ltd. at Rs 50, 0.05% of trade value comes to Rs 2.5, thus in this case you are required to pay only Rs 2.5 as brokerage as it is lower than Rs 20.

     

  6. 6. What are Groww withdrawal charges?

    Groww does not charge any fees for the withdrawal of funds from Groww balance or for the redemption of mutual funds. However, sometimes in case of redemption, some funds may have an exit load that may get deducted from your redemption amount.

     

Related articles

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


6 Comments

Sanjeev Dhiman
6. Sanjeev Dhiman  Jun 4, 2021 11:57 I Like It. | Report Abuse Reply
If i sell any stock , when the amount will be credited into my Groww Balance ?
Parivesh Pandey
6.1. Parivesh Pandey  Jun 24, 2021 17:01 I Like It. | Report Abuse
On the same day, you will receive 80% and the rest of the 20% the next day; further, you can withdraw that amount to your bank t+2 day, which will settle in 24 hrs if not weekend or holiday.
Akshay Tapkir
5. Akshay Tapkir  Apr 2, 2021 07:31 I Like It. | Report Abuse Reply
If I loss or equal price share buy and sell then also I want to pay brokarage and taxes
Parivesh Pandey
5.1. Parivesh Pandey  Jun 24, 2021 16:57 I Like It. | Report Abuse
yes
Satish
4. Satish  Feb 2, 2021 09:00 I Like It. | Report Abuse Reply
What are the charges for cancelling the order(Delivery or Intraday)
Ashim Roy Choudhury
4.1. Ashim Roy Choudhury  Jun 12, 2021 11:00 I Like It. | Report Abuse
What are the charges for cancelling the order(Delivery or Intraday)
Sahil kumar sharma
3. Sahil kumar sharma  May 4, 2021 20:31 I Like It. | Report Abuse Reply
My ongoing transaction is -21000. What it mean ? Do it mean that i loss 21000 rs
Agam Singhal
2. Agam Singhal  Mar 3, 2021 14:30 I Like It. | Report Abuse Reply
Why do you round off the STT charges to the next whole number?
Subir Kumar Maity
1. Subir Kumar Maity  Feb 20, 2021 17:11 I Like It. | Report Abuse Reply
If we will start the mutual fund monthly SIP Rs.1000/= through groww and the same amount,same mutual fund & purchase same day via brokarage (Agent) how much will get benifit, when purchase or selling, please explain or make comparision sheet for understanding. We want to know the details.








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