How to Open a Free Demat Account Online on Groww

Are you interested in investing in the stock market? Opening a demat account is the first step towards investing in stocks, mutual funds, and other securities. Groww, a leading investment platform, offers a hassle-free and convenient way to open a demat account online for free. In this article, we will guide you through the step-by-step process of opening a demat account on Groww.

Step 1: Download the Groww App or Visit the Groww Website

To get started, you can either download the Groww app from the App Store or Google Play Store or visit the Groww website on your computer.

Step 2: Create an Account

Once you have downloaded the app or visited the website, click on the "Sign Up" button to create a new account. You will be asked to enter your email address and mobile number.

Step 3: Verify Your Mobile Number

After entering your mobile number, you will receive an OTP (One Time Password) on your mobile phone. Enter the OTP in the provided field to verify your mobile number.

Step 4: Enter Your PAN Number

Next, enter your PAN (Permanent Account Number) to confirm your identity. This is a mandatory requirement for opening a demat account.

Step 5: Add Your Bank Account Details

Provide your bank account details, including the bank name, branch, and account number. This information is required for seamless transactions and fund transfers.

Step 6: Complete the KYC Process

As a regulated process, you need to complete the KYC (Know Your Customer) process. This involves providing your personal details, such as your name, address, and date of birth. You may also need to upload scanned copies of your identification documents, such as Aadhaar card, passport, or driving license.

Step 7: Sign the Account Opening Form Online

Once you have completed the KYC process, you will be required to sign the account opening form digitally. This can be done online, eliminating the need for physical paperwork.

Step 8: Your Groww Demat Account is Now Ready

Congratulations! You have successfully opened a demat account on Groww. You can now start investing in a wide range of securities, including stocks, mutual funds, and more.

Opening a demat account on Groww is a quick and straightforward process. By following these steps, you can take advantage of the free demat account opening facility offered by Groww. Start your investment journey today and enjoy the benefits of seamless online trading.

If you are ready to open a demat account on Groww, you can visit the Groww website to get started.