Are searching for How To Delete Groww Account Permanently? if yes then you are at the right place in this post we gonna help you to permanently close your Groww account.
Groww was started in 2016 mutual fund investment platform and later in 2020, it added options to trade and invest in equity and derivatives. Currently, we can even invest in US stocks using the Groww Web platform. However, it still doesn’t have any options to trade in currency and commodities.
Recently We have shared about step by step process of how to delete Upstox account permanently. Just like upstox account closure, we can also close our Groww Account Permanently online. Even though they have made the account closure process easier still takes time to complete.
Also Read: Groww Vs Zerodha Vs Upstox:
Things to Consider Before Delete Groww Account Permanently
Before we Delete Groww Account Permanently, we need to check many things in the Groww. Otherwise, you wont be able to close your demat account.
- If there are any active positions or holdings available in your account then you will need to sell them.
- You have to redeem all of your active mutual funds.
- Stop all of your active SIP.
- Withdraw all of your Groww Wallet Balance.
Also Read: Groww vs Zerodha
How to Delete Groww Account Permanently?
If have completed all the above-mentioned steps then you can proceed to Delete your Groww Account Permanently:
Place account Closure Request:
- First of all open the Groww app and log in to it.
- Now head over to the support section by clicking on the Profile Icon.
- Search for “Close Groww Account” on that page.
- Now select the contact us option and then “Raise ticket”
- Mention your reason for the Groww account closure and then send It.
Confirm your Request
- After Sending the mail to Groww you will receive a confirmation mail from the Groww team within 1-3 working days.
- You can find a confirmation link in that mail.
- Upon clicking on the link you will be redirected to Growws official site.
- Here you have to log in to your Groww account.
- After that, you will need to verify your OTP and Enter your Groww Pin.
- Now Confirm your Account Closure.
Complete eSign
- Finally, you have to complete eSign to complete requests.
- You will be redirected to the NSDL portal to complete your eSign process just like you did while opening the account.
- Now enter your AADHAR CARD Number and hit send OTP.
- You will receive OTP on your mobile which is linked to your AADHAR CARD.
- Verify OTP and that’s it.
- You will receive a confirmation mail and a CMR copy once your Groww Account is closed.
Also Read: How To Withdraw Money From Groww App?
FAQs: How To Delete Groww Account Permanently
Yes, you can Delete Groww Account Online.
No, Groww doesn’t charge any fee for account closure.
Follow these steps to find your BO ID in the Groww app: Open Groww App>Click on the profile icon> Account Details.
It can take some time to permanently delete your Groww, so you will continue to receive notifications. Once your account gets closed permanently you won’t receive any notification.
No Groww has Zero AMC thus you do not have to pay any charges to keep the account active. However, if you don’t invest or trade for a year then your account will be marked as dormant. You will need to reverify your account to continue use the app.
Conclusion
No doubt Groww is one the best investment platform. Groww’s app is a really good platform for beginners because you can open an account for free and there are no maintenance fees. Compare to other Discount brokers the Brokerage charges on Groww are only 0.05% or ₹20 whichever is low for intraday and delivery which is competitive in the discount brokerage market. Additionally, it also gives you the option to invest in Direct Mutual Funds and SGBs in a single platform.
Despite of this Groww still lacks many features that can meet investors’ demands. So if you still to delete your Groww Account then you can follow the steps mentioned in this post. Hope this article helps you to find your answers.
Also Read: Vested Vs INDmoney
