Know the details about the Documents Required To Open A Demat Account In Groww List, List of Document Needed to Open Demat Account Groww
A Complete Guide to Opening a Demat Account with Groww
If you’re planning to step into the world of stock trading, opening a demat account is your first step. One of the popular platforms for this in India is Groww. This article will guide you through the process of opening a demat account with Groww, the documents required, and more.
Documents Required To Open A Demat Account In Groww List
About Groww
Groww is an online investment platform that offers a range of financial products, including stocks, mutual funds, ETFs, and more. Known for its user-friendly interface, it has become a preferred choice for both beginners and seasoned investors.
Documents Required
To open a demat account with Groww, you would need the following documents:
- PAN Card: An essential identity proof.
- Address Proof: This can be your Aadhar Card, Passport, Voter’s ID, or Driving License.
- Bank Account Details: You would need to provide details of your bank account.
Step-by-Step Procedure
- Visit the official website or download the Groww app.
- Sign up using your mobile number or email id.
- Enter your PAN card number and date of birth.
- Verify your identity with Aadhar linked mobile number.
- Fill in your personal details, including your name, gender, marital status, and annual income.
- Provide your bank account details.
- Upload the necessary documents.
- Once your application is reviewed and approved, your demat account will be activated.
Points to Note
- Ensure your documents are up-to-date and valid.
- The name on all the documents should match the name provided during registration.
- Digital copies of all the documents are needed for easy upload.
Things to Know
There are no account opening charges on Groww, but they do charge a minimal amount as an annual maintenance fee.
Analysis
Opening a demat account on Groww is a simple and straightforward process. Their platform is easy to navigate, and they offer excellent customer support.
FAQ
Q: Can I open a Groww account offline?
No, as of now, Groww only allows online account opening.
Q: How long does it take to open a Groww account?
Once all the documents are submitted and verified, the account can be activated within 24-48 hours.
In conclusion, with the right set of documents and by following the steps outlined above, you can easily set up your demat account with Groww and start your trading journey.