Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE.
Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... 
Groww brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Groww customers. The Groww complaints report analyzes the Groww online complaint data provided by BSE and NSE. This report shows the health of the broker.
These complaints are serious grievances against Groww broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.
The Groww complaint no. report also provides Groww’s number of active clients. This shows the growth of the broker year on year.
| Exchange | Financial Year | Total Complaints | Active Clients |
|---|---|---|---|
| BSE | 2023-24 | 153 | 5,822,666 |
| NSE | 2023-24 | 834 | 9,931,232 |
| BSE | 2022-23 | 291 | 2,015,347 |
| NSE | 2022-23 | 272 | 5,373,705 |
| BSE | 2021-22 | 44 | 894,812 |
| NSE | 2021-22 | 144 | 3,847,955 |
| BSE | 2020-21 | 2 | 2,650 |
| NSE | 2020-21 | 32 | 780,570 |
| BSE | 2019-20 | 1 | 2,650 |
| 2023-24 | 2022-23 | 2021-22 | |
|---|---|---|---|
| Active Clients | 9931232 | 5373705 | 3847955 |
| Complaints | 834 | 272 | 144 |
| Resolved through the exchange | 814 | 228 | 119 |
| Non actionable | 20 | 13 | 21 |
| Advised / Opted for arbitration | 0 | 0 | 0 |
| Pending for redressal with exchange | 0 | 31 | 4 |
| No. of arbitration filed by clients | 0 | 3 | |
| Decided by arbitrators in favour of the clients | 0 | 3 | |
| Decided by the arbitrators | 0 | 1 | |
| Pending for redressal with arbitrators | 0 | 0 |
| 2023-24 | 2022-23 | 2021-22 | |
|---|---|---|---|
| Active Clients | 5822666 | 2015347 | 894812 |
| Complaints | 153 | 291 | 44 |
| Resolved through the exchange | 137 | 263 | 44 |
| Non actionable | 11 | 29 | 5 |
| Advised / Opted for arbitration | 0 | 1 | 0 |
| Pending for redressal with exchange | 5 | 28 | 0 |
| No. of arbitration filed by clients | 0 | 0 | 0 |
| Decided by arbitrators in favour of the clients | 0 | 0 | 0 |
| Decided by the arbitrators | 0 | 0 | 0 |
| Pending for redressal with arbitrators | 0 | 0 | 0 |
Note:
Groww offers free Demat account opening with zero account maintenance charges. They charge flat Rs 20 per trade brokerage for Equity Delivery and F&O. The mutual fund investment is offered free of commission.
Groww offers the Demat Account and other related depository services through CDSL. The Demat account allows you to invest in equities, IPOs, ETFs, and FDs.
Key Features of Groww Demat account are:
Groww Demat account opening is a free of charge, online and paperless process. The account opening with Groww requires you to provide your PAN card details and Aadhar card/Passport/Driving License as identity and address proof.
Steps to open a Demat account with Groww
The account gets activated within a few hours after the documents get verified.
If your mobile number is not linked to your Aadhar card, you will have to click on ''My mobile is not linked to my Aadhaar card' at the E-sign stage. The broker will send you the AOF on your registered email ID. You will have to send the filled and signed form to the address mentioned in the AOF for verification.
Groww Demat account closure form needs to be filled and signed manually to initiate the account closure.
Steps to fill the Groww account closure form:
The Acknowledgement receipt section should be left blank for the DP to fill in.
You receive an email confirmation from CDSL (depository) and Groww once the account is closed. Contact customer service if you do not get the confirmation in 3 working days.
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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I asked them to resolve this, but due to low skilled customer support and long response times; they have not helped me yet.
It turned out to be nightmare for me to use Groww platform. They are the worst.