Groww

Demat Account

Participate in Groww refer and earn using Groww referral code MCJT6T. When your friend makes their initial payment on the Groww app, both of you will receive Rs 25.

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Q: What is Groww?

A: Groww is a simplified finance app that allows users to open a free Demat account and trade stocks at a low brokerage rate. It provides an easy, fast, and secure platform for investing in mutual funds, Indian stocks, and IPOs.

Q: What is Groww Refer and Earn?

A: Groww Refer and Earn is a program where you can earn cashback by referring your friends to the Groww app. When your friend signs up and makes their first bill payment using your referral code, both of you will receive Rs 25.

Q: How much can I earn with Groww Refer and Earn?

A: You can earn up to Rs 5000 cashback per month with Groww Refer and Earn. There is no limit to the number of friends you can refer, but you will only receive the reward for the first bill payment they make.

Q: How do I refer my friends to Groww?

A: There are two ways to refer your friends to Groww:

Share your unique referral link with them.
Send them an invitation through WhatsApp or other messaging apps.

Q: What steps should my friend take to earn the cashback?

A: Your friend will need to do the following to earn the cashback:

Download the Groww app.
Sign up for an account.
Enter your referral code in the "refer" section.
Make their first bill payment using the Groww app.

Q: What is referral code for Groww App?

A: Groww referral code is MCJT6T.

Q: How will I know if my friend has used my Groww referral code?

A: You will receive a notification within 24 hours of your friend using your Groww referral code.

Q: How can I find and obtain my Groww Referral Code?

A: You can find your Groww Referral Code within the Groww app. Navigate to your profile section, and there should be a dedicated area for referrals or promotions. Your unique referral code will be displayed there. If you cannot find it, refer to the app's help section or contact customer support for assistance.

Q: Can I share my Groww Referral Code with anyone, and are there any restrictions on its usage?

A: Yes, you can share your Groww Referral Code with friends, family, or anyone who is interested in joining Groww. There are generally no restrictions on sharing the code. However, it's essential to ensure that the individuals you refer input the code correctly during the registration process to qualify for the referral benefits.

Q: How do I use the Groww Referral Code during the registration process?

A: To use the Groww Referral Code during registration, follow these steps:

Download and install the Groww app.
Open the app and proceed with the account registration process.
When prompted, enter Groww referral code in the designated field.
Complete the registration process.

Ensure that Groww referral code is applied successfully to qualify for any referral rewards.

Q: How long does it take to receive the cashback?

A: The cashback will be credited to your Groww account within 24 hours of your friend making their first bill payment.

Q: What types of bills can be paid using Groww?

A: You can use Groww to pay a variety of bills, including:

Electricity bills
Water bills
Gas bills
Mobile phone bills
DTH bills
Broadband bills
Credit card bills

Q: Are there any fees associated with using Groww Refer and Earn?

A: There are no fees associated with using Groww Refer and Earn. However, your friend may incur standard transaction fees depending on the bill they are paying.

Q: How can I track my earnings from Groww Refer and Earn?

A: You can track your earnings from Groww Refer and Earn by following these steps:

Open the Groww app.
Tap on your profile picture.
Select "Refer & Earn".

You will see your total earnings and the number of successful referrals.

Q: How long is the Groww Refer and Earn program valid?

The Groww Refer and Earn program is currently valid for an indefinite period. However, Groww reserves the right to modify or terminate the program at any time without notice.

Q: How can I start trading on Groww?

A: You can start trading on Groww by downloading the app and completing a one-time KYC process within the app. Once KYC is done, you can invest in Systematic Investment Plans (SIP) or lump sum mutual funds, trade stocks, and explore options trading.

Q: What types of mutual funds are available on Groww?

A: Groww offers a variety of mutual funds, including equity mutual funds such as small-cap, large-cap, mid-cap, and multi-cap funds, suitable for long-term investment with the potential for higher returns.

Q: How do I open a Demat account on Groww, and what is the process involved?

A: To open a Demat account on Groww, download the app and follow the easy sign-up process. Complete a one-time KYC (Know Your Customer) verification within the app by providing necessary documents. Once KYC is approved, you can start trading and investing in various financial instruments, including stocks and mutual funds.

Q: What types of mutual funds are available on Groww, and how can I invest in them?

A: Groww offers a variety of mutual funds, including equity mutual funds such as small-cap, large-cap, mid-cap, and multi-cap funds. To invest, simply download the app, choose the desired mutual fund, and invest either through Systematic Investment Plans (SIP) or lump sum investments. The platform provides details and performance metrics to help you make informed investment decisions.

Q: How secure are my transactions and personal information on Groww?

A: Groww prioritizes the security of user transactions and personal information. The platform employs advanced security measures and encryption protocols to protect user data. Additionally, Groww adheres to regulatory standards and guidelines set by SEBI, RBI, and AMFI to ensure a secure and compliant trading environment.

Q: Can I trade in stocks and derivatives on Groww, and what tools are available for technical analysis?

A: Yes, Groww allows users to buy and sell stocks on its platform, and it also supports trading in derivatives like Futures and Options. For technical analysis, Groww provides advanced charts, stock screeners, live Nifty/NSE Option Chain Price Charts, and candlestick charts to assist users in making well-informed trading decisions.

Q: How does Groww support UPI payments, and what are the features of Groww Pay?

A: Groww facilitates fast and secure UPI payments powered by BHIM UPI. Users can send money to friends, pay merchants, and manage their UPI accounts through Groww Pay. The platform allows users to create new UPI IDs, sync existing ones, set UPI PINs, and change or reset UPI PINs using the Groww app. This feature enhances the convenience of financial transactions within the app.

Q: Is Groww regulated and compliant with financial authorities?

A: Yes, Groww is registered with SEBI (Securities and Exchange Board of India), RBI (Reserve Bank of India), and AMFI (Association of Mutual Funds in India), ensuring compliance with regulatory standards.

Q: Can I trade stocks on Groww?

A: Yes, you can buy and sell shares on Groww's stock trading app. The platform also supports trading in Futures and Options, along with Stock Derivatives.

Q: How does Groww support technical analysis in trading?

A: Groww provides advanced charts and stock screeners for technical analysis. Users can access live Nifty/NSE Option Chain Price Charts, line charts, and candlestick charts to analyze share price movements, market indices, and historical performance.

Q: What are the features of the Groww UPI Payments?

A: Groww offers fast and secure UPI payments powered by BHIM UPI. Users can send money to friends, pay merchants, manage UPI accounts via Groww Pay, create a new UPI ID, sync existing IDs, set UPI PIN, and scan and pay for any QR code.

Q: Does Groww offer personal loans?

A: Yes, Groww offers personal loans for selected users with repayment periods ranging from 3 to 60 months. The Annual Percentage Rate (APR) for personal loans is 12% to 30%, and processing fees range from 0% to 4%.

Q: What are the terms and conditions for personal loans on Groww?

A: The terms and conditions for personal loans, including APR, processing fees, and late payment charges, are available on the Groww website under the Personal Loan T&C section.

Q: Is there any charge for opening a Demat account on Groww?

A: No, Groww offers a 100% paperless online Demat account opening process, and there is no charge for opening an account.

Q: Can I invest in IPOs (Initial Public Offerings) on Groww?

A: Yes, Groww allows users to invest in Initial Public Offerings, providing an opportunity to participate in new stock listings.

Q: How does Groww ensure the security of my financial transactions and personal information?

A: Groww employs robust security measures and encryption protocols to safeguard user transactions and personal information. The platform adheres to industry standards and guidelines to ensure a secure trading environment.

Q: Are there educational resources available on Groww for beginners in investing?

A: Yes, Groww provides educational resources, tutorials, and guides to help beginners understand the basics of investing in stocks, mutual funds, and options trading.

Q: What are the brokerage rates for stock trading on Groww?

A: Details about brokerage rates for stock trading can be found on the Groww app or website. Groww aims to provide competitive and transparent brokerage rates for its users.

Q: Can I switch from regular investment plans to direct mutual funds on Groww?

A: Yes, if you are already an investor, Groww allows you to switch from regular investment plans to direct mutual funds through the Groww Mutual Fund App.

Q: Does Groww provide analysis and financial information on stocks?

A: Yes, Groww offers stock analysis with company financials, including Profit and Loss statements, Balance Sheets, Cash flow, and other relevant financial information to assist users in making informed investment decisions.

Q: How does the Groww app support intraday trading?

A: The Groww app provides live share prices of NSE Nifty 50 and BSE Sensex, facilitating intraday trading by offering real-time market information.

Q: What are the accepted modes of payment on Groww?

A: Groww supports various payment methods, including UPI payments powered by BHIM UPI, for seamless transactions. Users can link their bank accounts for easy fund transfers.

Q: Can I track the performance of my investments on Groww?

A: Yes, Groww provides users with tools to track the performance of their investments. This includes features like portfolio tracking, performance analytics, and personalized investment insights.

Q: How can I contact Groww for support?

A: You can refer to the Terms and Conditions and Privacy Policy on the official Groww website (https://groww.in/) for detailed information. For specific inquiries or support, you can contact Groww through the contact details provided on their website.