📅 Last Verified: October 2026⚡ Status: Active Offer
Current Referral Reward & Benefits
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₹0 Lifetime AMC with zero account opening maintenance charges
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Instant online paperless KYC within 5 minutes
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Direct mutual fund investing at 0% commission
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Intuitive modern web & mobile app UI
Company Overview & Market Standing
Founded in 2016 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, Groww (Nextbillion Technology Pvt Ltd, SEBI Reg: INZ000301838, CDSL DP: 12088700) has grown to become India’s largest discount stock broker by active client count (surpassing 11 million active NSE clients in 2024).
Groww Demat Charges & Brokerage Table
Segment / Fee
Charges & Rates
Account Opening Fee
₹0 (100% Free digital onboarding)
Annual Maintenance Charge (AMC)
₹0 Lifetime Free (No annual maintenance charges ever)
Equity Delivery Brokerage
Flat ₹20 or 0.05% per executed order (whichever is lower)
Equity Intraday Brokerage
Flat ₹20 or 0.05% per executed order
Futures & Options (F&O)
Flat ₹20 per executed order across Futures & Options
DP Charges (per debit)
₹13.50 + GST per company per day on debit
* Statutory government levies including STT, Stamp Duty, GST (18%), and Exchange Transaction Charges apply as mandated by SEBI.
Trading Features & Platform Capabilities
All-in-One Dashboard: Seamless switching between Equity, Direct Mutual Funds, US Stocks, and Credit
Simple, clutter-free TradingView charts with key moving averages and volume indicators
Instant UPI deposits and 1-click withdrawals to primary linked bank account
Automated equity and mutual fund SIP management with calendar tracking
IPO Availability: 1-click UPI IPO applications with real-time tracking of subscription status and allotment results.
Mobile Application: Groww Mobile App (iOS & Android) — rated 4.6★ with 50M+ downloads, biometric unlock, and zero lag.
Pros & Cons of Groww
✓ Advantages & Pros
Genuinely ₹0 lifetime AMC: Zero recurring costs even if you do not trade for years
Easiest and cleanest mobile application interface in India for beginners
Direct mutual fund investments at 0% commission alongside stocks
Instant paperless account opening within 5 minutes using DigiLocker
✕ Drawbacks & Cons
Delivery trades carry brokerage (₹20 or 0.05%), unlike Zerodha’s ₹0 delivery model
Lacks advanced derivatives analytics tools like multi-leg strategy builders and Greeks
Referral program availability is occasionally restricted on a per-user basis by Groww
Who Should Choose Groww?
The best option for first-time investors, college students, and mutual fund SIP investors who desire a clean mobile application with zero recurring AMC charges.
Eligibility Criteria
Resident Indian citizen aged 18+.
Active PAN card and mobile-linked Aadhaar for DigiLocker.
Active bank account with supported Indian bank.
How To Claim the Offer
1
Click [REFER NOW] to open the Groww signup link.
2
Sign in with Google / Email and verify mobile number with OTP.
3
Enter PAN and link Aadhaar via DigiLocker.
4
Verify bank details and capture photo/signature.
5
Sign using Aadhaar OTP to activate your account.
Note: Rewards and eligibility are determined by Groww upon successful verification. DematRefer does not guarantee reward payouts.
Terms & Conditions
Referee must open a valid Demat & Trading account using the unique invitation link.
Both referrer and referee may earn cashback rewards credited directly to Groww balance.
Referee must complete onboarding and initial activation within the campaign validity.
Groww balance can be used for stock investments or withdrawn to bank account.
Official Website & Terms
Review official offer details and verified terms directly on the provider's portal:
Groww offers ₹0 lifetime annual maintenance charges (AMC) on its Demat account.
The bonus credited to your Groww balance can be invested into equities and mutual funds or withdrawn directly to your primary bank account.
Referral Disclosure: Some links on DematRefer may be referral or affiliate links. We may receive a commission when eligible users complete qualifying actions through these links at no extra cost to you. Read our full Affiliate Disclosure.
Risk Disclosure: Securities investments carry market risk. Read all scheme-related documents carefully before opening an account or investing.
