Groww is a straightforward pricing mechanism for an online discount broker. Customers can choose from a fixed, flat-fee brokerage plan that it offers. The maximum brokerage a stockbroker may charge is Rs 20 per order, while the minimum brokerage a stockbroker may charge is 0.05% of the transaction value. Investors must also pay various transactional, regulatory, and Demat fees in addition to the brokerage.
You can determine the entire cost of trading using Groww’s online brokerage calculator. The Groww brokerage calculator gives you an accurate breakdown of all the fees you’ll pay for stock transactions, including brokerage, STT, GST, SEBI, and other fees.
Groww Account Charges
Groww provides services for Demat accounts and stock trading accounts. Customers who trade with Groww pay all applicable fees, commissions, and taxes. Below is a description of the Groww charge structure and trading commission rates.
To open a Groww account (AMC), you must pay account starting and yearly maintenance fees.
Groww Account Open Charges
|Trading Annual Maintenance Charges AMC (Yearly Fee)
|Trading Account Opening Charges (One Time)||Rs 0|
|Demat Account Annual Maintenance Charges AMC||Rs 0|
|One time Demat Account Opening Charges||Rs 0|
Groww Intraday Charges
For intraday transactions, Groww levies a brokerage fee equal to the lowest of Rs 20 or 0.05% of the deal amount. The same brokerage is chargeable for intraday trades and equity delivery under Groww’s flat fee business model.
Groww initiates auto square-off for the open trades for intraday trades as if the transactions are not squared off by 3.10 PM, for which it assesses a penalty of Rs 50 per position.
Groww Brokerage Charges 2022
When a customer purchases or sells stocks through Groww, a commission (brokerage) is chargeable. The brokerage fees for Groww’s trading of securities, commodities, and currency derivatives are:
|Monthly Fixed Fee||NA|
|Equity Intraday||Rs 20 per executed order or 0.05% whichever is lower|
|Equity Delivery||Rs 20 per executed order or 0.05% whichever is lower|
|Equity Options||Rs 20 per executed order|
|Equity Future||Rs 20 per executed order|
|Currency Futures||Not Applicable|
|Currency Options||Not Applicable|
|Commodity Futures||Not Applicable|
|Commodity Options||Not Applicable|
Groww Demat Account Charges 2022
The Demat account transactions and the trading commission are billed individually—charges for Groww Demat accounts in 2022.
Groww Demat Account Charges
Groww Demat account fees include a 0 rupee (free) Demat Account Opening Fee, a 0 rupee (free) AMC, and a 13.50 rupee (per script) Debit Transaction Fee.
|1||Account Opening Charges||Rupees 0|
|2||AMC Charges||Rupees 0|
|5||Transaction Charges (Sell)||Rs 8 + Rs 5.50 (CDSL Charges) per ISIN|
|6||Transaction Charges (Buy)||Rupees 0|
|7||Off-Market Transactions (Sell)||Rs 8 + Rs 5.50 (CDSL Charges) per ISIN|
|8||Failed Instruction||Rs 50 per ISIN|
|9||Pledge Creation/ Confirmation/ Closure||Rs 20 + Rs 12 per request|
|10||Pledge Invocation||Rs 20|
|11||DEMAT/Conversion||Rs 150 per certificate + courier charges|
|12||DEMAT/Conversion Rejections||Rs 0|
|13||REMAT||Rs 150 per certificate + courier charge|
|14||Delivery Instruction Book||First (10 leaves): Free, Additional (10 leaves): Rs 100 + courier charges|
|15||Periodic/Adhoc Statement Request||Email: Free, Physical: Rs 10 per page + courier charges|
|16||KYC Modification Request||Rs 50|
|17||KRA Upload/ Download||Rs 50|
|18||Physical CMR(Client Master Report)||Rs 20 + courier charges|
|19||Inter-settlement charges||Rs 13.5 + GST|
Groww Transaction Charges (Exchange Turnover Charge)
Groww Transaction Charges 2022
|Equity Delivery||NSE Rs 325 per Cr (0.00325%); each side BSE Rs 300 per Cr (0.003%)|
|Equity Intraday||NSE Rs 325 per Cr (0.00325%); Each side BSE Rs 300 per Cr (0.003%)|
|Equity Futures||NSE: 002%|
|Equity Options||NSE: 0.053% on premium|
Groww Trading Taxes
In addition to the brokerage, Groww also collects taxes and fees from its customers. The contract note delivered to the customer at the day-end details these Groww Trading Taxes. To calculate the Groww tax, follow the table below.
Groww Tax on Trading
|Securities Transaction Tax (STT)||
|Exchange Transaction Charges||Mentioned Above|
|GST||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|SEBI Charges||0.0001% (₹10/Crore)|
|Stamp Duty||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.
Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
Groww hidden charges
Groww does not impose any additional fees. All fees and plan specifics are spelled out in the account opening document. No minimum fees or other costs are chargeable.
Groww Currency Brokerage Charges
The second part is ubiquitous among forex traders. It is exclusively accessible on futures and options. Therefore, Groww will charge the following brokerage for this particular trading segment:
Currency Futures: Rs.20 per order
Currency Options: Rs.20 per order
Groww F&O Charges:
The market segment that people most frequently trade is derivatives. The options contract is one of the most well-known. If the individual paid the premium does not break the agreement, the orders execute on a subsequent day. Following their market analysis, the investors either take a buy position or a writer position. If you want to trade futures and options in Groww, the brokerage fees are as follows:
|Equity Trading||Rs.20 per order or 0.05%.||Rs.20 per order or 0.05%.|
|Currency Trading||Rs.20 per order||Rs.20 per order|
Groww’s charges are unquestionably an advantage. We hope that by clearing up any remaining questions you had about the Groww Charges, you will be better able to decide which Demat account to select and why.