Taking Down Your Groww Account

2023-01-26 01:36:29 - Grace Browns Grace Browns has been a lifestyle, fashion, and beauty writer for over 5 years, and she currently serves as a senior editor at 422346.com.
Click How to Open a Demat Account What Not to Do When Investing in the Stock Market May I have 2 separate Demat Accounts? Before putting money into the stock market, what should you do first? Find the Broker with the Lowest Fees. The Step-by-Step Guide to Changing Your Demat Account Finding the Right Stock Broker Stock Market Investing 101: What You Need to Know Exactly what are the various fees associated with a Demat Account? Scheduled Holidays for the 2019 Stock Market The Stock Market and Non-Resident Indian Traders Are Stock Brokers Who Work for Banks Trustworthy? Methods for Evaluating Financial Advisors IPO Application Procedures How to Handle a Dishonest Broker If my stock broker fails, what should I do? Is a DP ID the same as a Demat Account number? Demat Account Closing Procedures If you're looking for information like "How to Close Upstox Account," "What is OCO order in Upstox," or "How to Delete Zerodha Account," you've come to the right place. How to Buy Futures in Zerodha KiteHow to Do BTST in Zerodha KiteHow to Close Your Religare Demat AccountIs IIFL Safe? How to Open a SAMCO Account and Get Started in the Stock Market What Is Delivery In Motilal Oswal How To Manage An Angel Broking Demat Account What Is the Margin Requirement for Options So, What Exactly Is Angel Brokerage Delivery? In your opinion, how useful is the Upstox trading app? The IIFL App: A Guide to Setting a Stop Loss Guide to Creating a Demat Account for a Minor The Angel Broking App: A Guide to Trading Trading with 5 Pesos How to Delete a Groww Account How to Do Intraday Trading with ICICI Direct How to Activate Option Trading with Zerodha How to Apply for a 5paisa Account Is 5paisa Safe? How to Buy Commodities in Zerodha Commodity Trading Time in Zerodha How to Trade in Alice BlueIPO in Motilal OswalHow to Activate Option Trading in Angel BrokingHow IPO Listing Price is DecidedWhy Upstox Isn't Working Angel BrokingDemat Account Without Aadhar CardCan I Open Demat Account Without Aadhar Card How Much Money Is Needed for Intraday Trading Sharekhan Not Working How to do Intraday Trading in Groww App How to Use ADX for Intraday Trading Is Upstox Free? Is Upstox SEBI registered? How to Convert Intraday to Delivery in 5Paisa How to Use Demat Account ICICIIs Demat Account Required for Sovereign Gold BondCan I Buy Gold Bonds How to Calculate Brokerage in HDFC SecuritiesHow to Unlock HDFC Securities AccountIs Demat Account Necessary for TradingHow to Set Stop Loss for Intraday TradingIs Muhurat Trading ProfitableCan We Trade on Diwali? How to Invest in the Stock Market Is Fisdom Reliable? Is Kotak Securities a Discount Broker? Does a Demat Account Cost Money? Is Motilal Oswal a Discount Broker? Can You Invest in an IPO Without a Demat Account? Is Demat Account Safety Guaranteed? What Organization Oversees Alternative Investment Funds? Oswal demat account How to Change Bank Account in Motilal Oswal Is Intraday Trading Good for Beginners How to Get Zerodha User ID Is There a Fee to Cancel an Order in the Zerodha App? What Are the Brokerage Fees for Trading Foreign Exchange in the Zerodha Platform? How to Make a Zerodha Pre-Market Trade and Why Your Account Has a Negative Balance

Launched in 2020, Groww is a relatively new player in the stock brokerage industry. Many people sign up for Groww because of the broker's zero-cost account opening and other fee reductions, but the broker's still-evolving interface means it often falls short of customers' expectations, prompting them to search for information on how to cancel their Groww account.

If you, too, are dissatisfied with Groww's offerings, read on for instructions on how to shut down your Demat account for good.

Here's the Lowdown on Shutting Down Your Groww Demat Account

In contrast to opening a Demat account, closing one is a cumbersome process that can only be accomplished through the offline method of downloading the form. The PDF application is only available online because Groww is an online-only discount broker.

Please read the following carefully to learn how to cancel your Groww subscription.

Form for Closing Your GROW Demat Account

Fill out this form to officially close your Groww Demat account. Here are the simple instructions you need to obtain the form:

  • Sign in to your account  
  • A person's "You" page can be accessed by clicking here.
  • Find the "Help and Support" section further down.

  • Simply type "I want to close my Demat account" into the search bar.
  • Once you reach the new page, select the "Download closure form" button to access the account cancellation paperwork.

After printing and filling out the form, it should be returned to Groww's main office. To completely deactivate a demat account, it takes between 5 and 7 business days after the application has been submitted.


In addition to the aforementioned method, there is another way to permanently delete your Groww Demat account.

Just stick to the easy instructions below:

  • Use the "Contact us" link.
  • Select the envelope to send an email
  • Write an email explaining why you want to terminate your Demat account.
  • After contacting customer service, you will receive an SMS or email with a link.
  • For the Account Closure Form, please click here to download a PDF.

Once you've filled out the form, your Demat account will be deactivated in Groww.

*Here, be sure to either sell or transfer all of your Groww Demat shares and holdings to your new Demat account.  

Growing Demat Account Closure Form Instructions

Now that you know how to get the form, you may be wondering what to do next. Well The application to close is straightforward and requires only a few standard pieces of information, such as:

  • Before anything else, you'll need to enter the Application number and date you submitted it. Then mark the "BO"-initiated closure as complete.  
  • Then, in the "closure for" field, specify whether you want to terminate your trading account, Demat account, or both.
  • When you fill out the client ID field, your DP ID will already be entered.  
  • Continue by providing your full name, address, email, etc., where applicable. including your rationale for doing so
  • Indicate the quantity of shares or other investments held.
  • If you wish to move your holdings to a new account, enter its Demat number here.

Once you've completed the form in its entirety, please mail it to the following location:

Expanding Headquarters,
No 1180 FT Road, 2nd Floor,
S 4th Block Koramangla, T Bed

Finally, closing the Groww Demat account online will take about 5-7 business days.    


While it's true that Groww's fees are among the lowest in the industry, the broker falls short in a number of key areas where investors put the most emphasis. The Groww app is an example of this. The application requires numerous upgrades to its many features.

If you are no longer interested in using the services, for whatever reason, then please let me know. In order to avoid fees, dormant or empty Demat accounts should be closed.

The accounts can be merged into one another if there are any remaining balances, and the others can be closed if they are no longer needed.   Remember, though, that your account can't have a negative balance if you want to send in your account closure form to corporate.

If you no longer want to use Groww Demat, you can easily close your account by following a few steps. Trading can be more enjoyable if you open a demt account with a reputable broker. Analyzing and contrasting Groww with other brokers can help you make a more informed decision.

Here is a comprehensive comparison of Groww and Upstox to assist you in making your decision.

I'm crossing my fingers that this helps.

If you're thinking about changing stock brokers in the near future, we've got the best suggestion for you. Start a brand new demat account without spending a dime.

Extensions on Groww

  • 10th Grade Science: Life Processes with Complimentary Ncert Solutions
    10th Grade Science: Life Processes with Complimentary Ncert Solutions 2023-07-25 00:51:45

    Solution: The inner lining of the small intestine undergoes a structural modification, forming villi, which are finger-like projections. These villi serve to increase the surface area for the absorption of digested food. Furthermore, they have a high vascularity, meaning they are well-supplied

  • Creating a Lovely and Simple Homemade Rakhi
    Creating a Lovely and Simple Homemade Rakhi 2023-07-25 00:50:08

    Creating Your Own Homemade RakhiThe glimmer in your eyes and the fervent desires in your heart paint a clear picture: you're filled with ideas for surprising your loved ones on Raksha Bandhan! Are you aware of what that entails? It means that Raksha Bandhan is fast approaching, leaving us with limited

  • 10th Grade Science Life Processes: Access Ncert Solutions for Free
    10th Grade Science Life Processes: Access Ncert Solutions for Free 2023-07-25 00:03:33

    Solution: The inner lining of the small intestine undergoes a transformation into tiny finger-like projections known as villi that enhance the surface area for the absorption of digested food. These villi are abundantly supplied with blood vessels, making them highly vascularized. Additionally,

  • 10 Years - Information on Wikipedia
    10 Years - Information on Wikipedia 2023-07-24 02:56:26

    A decade, which comes from the Ancient Greek word δεκάς (dekas) meaning 'a group of ten', is a span of ten years. Decades can refer to any period of ten years, whether it is someone's lifespan or a specific grouping of calendar years.Usage:Any period of ten years is considered a "decade". For

Showing page 1 of 43