How to Open a Trading Account with Groww: Step-by-Step Guide for Beginners
In this detailed guide, we’ll explain how to open a trading account on Groww step-by-step, highlight the required documents, discuss charges involved, and answer common FAQs to help you get started smoothly.
The Ancient Indian Trading System
India has always been a land of traders. In the early days, village farmers would grow their seasonal crops — wheat, rice, sugarcane, pulses — and take them to nearby haats (local markets).
There, small traders from nearby towns would arrive on bicycles or small vehicles. They purchased goods in bulk, then sold them in larger town markets, earning small margins. This simple system of trade was based on trust, relationships, and the local economy.
Manual Stock Trading – The Pre-Digital Era
As India modernised, stock markets like BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) became central to the economy. People slowly started investing in shares of companies, but the process was manual and limited to urban areas.
Investors had to go through brokers, fill out forms, sign papers, and wait days for their trades to be executed. This manual trading system was not accessible for the common man — especially those in small towns or rural areas.
The Digital Revolution – Trading for Everyone
With the rise of the internet, mobile apps, and digital KYC, the stock market opened its doors to every Indian. Today, with platforms like Groww, opening a trading and Demat account is as easy as shopping online. You don’t need a broker, branch visit, or even paperwork.
Even someone in a remote village with a smartphone and internet can start investing in the Indian stock market in just 5 minutes!
In recent years, online trading and investing have gained immense popularity in India, especially among millennials and first-time investors. Groww, a leading investment platform, has simplified this process by offering a user-friendly interface, zero paperwork, and instant digital account opening. If you’re planning to start your stock market journey, opening a trading account with Groww is a smart choice.
What is Groww?
Groww is an Indian fintech platform that allows users to invest in:
- Stocks
- Mutual Funds
- Futures & Options (F&O)
- US Stocks
- Fixed Deposits (FDs)
With over 5 crore+ registered users, Groww has emerged as a trusted and SEBI-registered platform for retail investors looking for secure and transparent trading services.
Benefits of Opening a Groww Trading Account
Before diving into the process, here are some key benefits:
- Zero brokerage on mutual funds
- Flat ₹20 per order for stock trading
- No account opening charges
- Fully online KYC process
- Safe and secure platform regulated by SEBI and BSE/NSE
- 24/7 access via mobile app and website
Documents Required to Open a Trading Account on Groww
To successfully open your Groww trading and Demat account, you must have:
- PAN Card
- Aadhaar Card linked with mobile number
- Bank account with IFSC and account number
- Signature (on white paper)
- Income proof (optional, only for F&O segment)
Ensure your Aadhaar is linked to your mobile for OTP verification during eKYC.
Step-by-Step: How to Open a Trading Account with Groww
Step 1: Download the Groww App or Visit Website
Go to groww.in or download the app from Google Play Store or Apple App Store.
Step 2: Register with Your Email & Mobile Number
Sign up using your valid email ID and mobile number. An OTP will be sent for verification.
Step 3: Complete Basic KYC
You’ll need to enter your:
- PAN number
- Date of Birth
- Name as per PAN
Groww fetches your PAN details from the KRA (KYC Registration Agency).
Step 4: Add Bank Details
Provide your bank account number, IFSC code, and account holder’s name. This is used for adding and withdrawing funds.
Step 5: Upload Documents
- Upload a clear photo of your PAN Card
- Upload signature (on white paper)
- Record a short video for IPV (In-Person Verification)
- If applying for F&O, upload income proof like salary slip or ITR
Step 6: E-Sign via Aadhaar
You will be redirected to NSDL for Aadhaar-based e-sign. Use the OTP sent to your Aadhaar-linked mobile number.
Step 7: Account Activation
Once verified, your Demat and trading account is activated within 24–48 hours. You will receive a confirmation email and SMS.
Groww Trading Account Charges
| Charge Type | Fee |
|---|---|
| Account Opening Charges | ₹0 |
| Annual Maintenance (AMC) | ₹0 (Free) |
| Equity Delivery | ₹20/order or 0.05%, whichever is lower |
| Intraday & F&O | ₹20/order or 0.05%, whichever is lower |
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How to Start Trading on Groww After Account Activation
Once your account is active:
- Log in to the Groww app or website
- Search for your desired stock (e.g., Reliance, TCS, HDFC Bank)
- Click “Buy” and enter quantity
- Choose delivery/intraday and place the order
- Track your portfolio under the “Stocks” section
Is Groww Safe for Trading in India?
Yes, Groww is:
- Registered with SEBI
- A depository participant of CDSL
- A member of NSE and BSE
It uses 256-bit encryption and bank-grade security to ensure safe transactions.
Frequently Asked Questions (FAQs)
Q1. Is Groww completely free?
➡️ Mutual fund investing is free. Stock trading has a flat ₹20 per order fee.
Q2. Can I open a Groww account without Aadhaar?
➡️ Aadhaar is mandatory for e-signing. Without it, you can’t complete the online KYC.
Q3. Can I invest in US Stocks on Groww?
➡️ Yes, Groww offers US stock investing. However, you need to complete additional KYC and link an international investment account.
Q4. Is Groww better than Zerodha or Upstox?
➡️ Groww is best for beginners due to its clean interface and no paperwork. For advanced traders, Zerodha might offer more technical tools.
Conclusion: Why Choose Groww for Your First Trading Account?
If you’re new to stock trading in India, Groww is one of the most convenient and beginner-friendly platforms to start with. Its seamless mobile app experience, no account opening charges, and flat brokerage model make it highly appealing.
With proper knowledge and guidance, you can easily manage your investments, diversify your portfolio, and grow your wealth digitally.
Final Thoughts: From Farms to Financial Markets and Open a Trading Account with Groww
India’s journey from village-level trading to digital stock markets is a story of economic transformation. The same country where farmers once sold their crops to small-town traders is now home to millions of digital investors.
Thanks to apps like Groww, anyone can start their investment journey with zero paperwork, minimum investment, and maximum control.
So if you’re wondering how to open a trading account, Groww is the simplest, safest, and smartest option.