Groww Charges & Brokerage Review 2026
Groww Charges & Brokerage Review 2025
Complete breakdown of all joining fees, brokerage fees, hidden charges, and transaction costs
Groww is one of the leading discount brokers in India, known for its transparent fee structure and user-friendly platform. They focus on providing affordable trading options with no account opening charges and competitive brokerage rates. Their approach emphasizes simplicity and clarity, making trading accessible for beginners and experienced investors alike.
Charges Overview
Groww operates as a discount broker with a focus on low-cost trading. They believe in transparency, offering flat and minimal charges for most services. Their brokerage philosophy centers around keeping costs low to attract a broad base of retail investors. Compared to traditional brokers, Groww’s charges are significantly competitive, especially for delivery trades where they cap brokerage at Rs.20. This makes them an attractive choice for cost-conscious investors seeking to minimize trading expenses without sacrificing service quality.
Their fee structure is designed to be straightforward, with no hidden charges. They offer free account opening and Demat account maintenance, while brokerage fees are either a flat Rs.20 or 0.1% per order, whichever is lower. This flat, transparent fee model appeals to active traders as well as long-term investors who prefer predictable costs.
Account Opening
One-time account opening fee for individual investors
Annual Maintenance
Annual maintenance charges for trading account
Equity Delivery
Brokerage charges for equity delivery trades
Brokerage Plans & Subscriptions
Groww offers a simple, flat fee brokerage model that caters to both casual traders and active investors. Their charges are based on a per-trade basis, with no monthly or annual subscription fees. The flat Rs.20 or 0.1% per order applies across segments like equities, derivatives, commodities, and currency trades. This transparent pricing makes it easy for traders to understand their costs upfront, avoiding surprises. Groww’s focus on flat-rate brokerage supports high-volume traders who want predictable expenses, and the absence of account maintenance fees or hidden charges further enhances their appeal.
| Plan Type | Brokerage | Minimum/Maximum |
|---|---|---|
| Per Trade | Rs.20 or 0.1% | Min Rs.5, Max Rs.20 |
This straightforward fee structure is ideal for traders who prefer paying only for executed trades without monthly commitments or hidden charges. It makes Groww an attractive option for cost-sensitive investors looking for competitive rates and clarity.
Account Opening Charges
Opening a Groww trading and Demat account is completely free, with no charges for online account setup. The process is quick and fully digital, requiring Aadhaar, PAN, and bank proof for resident Indians. Groww’s digital onboarding with e-KYC and Aadhaar OTP verification ensures instant account activation, making it convenient for new investors to start trading without delay. Compared to other brokers who may charge account opening fees or have lengthy processes, Groww’s zero-cost, instant account setup is a major advantage for beginners and casual investors.
For corporate or NRI accounts, the charges are not publicly listed, but their focus remains on providing hassle-free, transparent onboarding for all customer segments. Groww’s easy online process and no fee policy make it one of the most accessible brokers in India today.
| Charge Type | Amount | Description |
|---|---|---|
| Individual Account | ₹0 | One-time fee for individual investors |
| Demat Account | ₹0 | Free Demat account opening |
Brokerage Structure
Groww follows a discount brokerage model with flat, transparent charges across all segments. They do not charge commissions or percentage-based fees for equity delivery or intraday trading. Their primary revenue comes from per-trade flat fees, making costs predictable for investors. For derivatives like futures and options, Groww charges Rs.20 per order, with a cap at Rs.20, ensuring traders know their maximum expense upfront. Commodity and currency segments also follow the flat Rs.20 per order policy.
Groww’s approach is designed for simplicity and cost-efficiency. Their flat-rate model supports high-frequency trading and long-term investing alike. They focus on providing low-cost trading with no hidden fees, emphasizing transparency and value for money.
Equity Trading Charges
| Segment | Brokerage | Max Cap |
|---|---|---|
| Equity Delivery | Lower of Rs.20 or 0.1% per executed order | Rs.20 |
| Equity Intraday | Lower of Rs.20 or 0.1% per executed order | Rs.20 |
Groww offers competitive charges for equity trading, making it attractive for both retail and active traders.
Derivatives Trading Charges
| Segment | Brokerage | Max Cap |
|---|---|---|
| Equity Futures | Rs.20 | Rs.20 |
| Equity Options | Rs.20 | Rs.20 |
Derivative charges are flat Rs.20 per order, supporting active traders with predictable costs.
Commodities Trading Charges
| Segment | Brokerage | Max Cap |
|---|---|---|
| Commodity Futures | Rs.20 | Rs.20 |
| Commodity Options | Rs.20 | Rs.20 |
Commodity segments follow the same flat Rs.20 per order policy, ensuring transparency across all asset classes.
Currency Trading Charges
| Segment | Brokerage | Max Cap |
|---|---|---|
| Currency Futures | Rs.20 | Rs.20 |
| Currency Options | Rs.20 | Rs.20 |
Currency trading charges are also flat Rs.20, supporting diverse trading options with clear fee transparency.
Complete Breakdown: Government & Regulatory Charges
Investors should be aware of government and regulatory charges associated with trading on Groww. Exchange transaction charges are applicable: NSE at 0.00297% and BSE at 0.00375% of the order value. Securities Transaction Tax (STT) applies as 0.1% for delivery and 0.025% for intraday trades. Stamp duty varies by state, generally around 0.015% to 0.1%. Groww’s charges are transparent, with clear disclosures, ensuring investors know their total costs upfront.
Regulatory charges like SEBI fees are minimal, and GST on brokerage is 18%. DP charges are Rs.21.83 per script on sell transactions, with some waivers for small debit values. This clarity in charges helps investors plan their trades efficiently, avoiding surprises at settlement.
For example, a Rs.50,000 delivery trade with Groww would incur approximately Rs.15 in STT, Rs.14.85 in exchange charges, Rs.50 brokerage, and Rs.21.83 in DP charges, totaling around Rs.102. This comprehensive view of costs demonstrates Groww’s commitment to transparency.
Additional Services & Charges
Groww provides various value-added services, including research reports, API access, and margin funding. Their research services are accessible within the platform, offering insights to assist traders in making informed decisions. API access is available via Groww Trading API, supporting algorithmic and automated trading, with subscription or usage charges that vary. Margin funding is offered at an interest rate of 14.95% per annum, enabling investors to leverage their trades efficiently. These services are designed to enhance trading flexibility and strategic decision-making at competitive costs.
💰 Margin Funding
Interest Rate: 14.95% per annum. It allows investors to leverage their capital for larger trades, supporting active trading strategies with flexible funding options.
📊 Research Services
Charges: Included in platform; premium insights may be available for a fee. Groww offers research reports to help traders stay updated with market trends.
🔌 API Access
Charges: Varies based on usage/subscription. Groww’s API supports algorithmic trading and automation, ideal for advanced traders.
NRI Services & Charges
Groww supports NRI clients with dedicated account options, allowing NRE and NRO accounts for seamless investing. The account opening process is digital, with instant e-KYC using Aadhaar OTP. Repatriation facilities are available, with charges not specifically listed but generally aligned with standard RBI guidelines. NRI traders benefit from the same transparent fee structure, with no hidden charges. Annual maintenance costs are minimal, and the process for fund remittance and repatriation is straightforward, making Groww a convenient platform for NRIs seeking low-cost, hassle-free investing in Indian stocks.
| Service | Charges | Details |
|---|---|---|
| Account Opening | ₹0 | One-time NRI account setup |
| Annual Maintenance | ₹0 | Annual NRI account maintenance |
| Repatriation Charges | Not publicly listed | Fund remittance and repatriation as per RBI norms |
Funds Transfer & Withdrawal
Fund transfers are smooth with Groww, supporting NEFT, RTGS, and IMPS at no extra cost. Deposits via UPI, netbanking, or bank transfer are free of charge. Withdrawals are processed quickly, typically within a few hours, with no additional charges for instant withdrawal if applicable. The platform supports seamless fund movement, ensuring investors can manage their trades efficiently. The daily deposit limit is not specified, but the process is designed to be user-friendly, making it convenient for users to deposit and withdraw funds as needed.
Groww’s focus on free and instant fund transfers aligns with their goal of providing a low-cost, hassle-free trading experience for all user segments.
🏦 Bank Transfers
- NEFT Charges: Rs.0
- RTGS Charges: Rs.0
- IMPS Charges: Rs.0
⚡ Instant Withdrawal
Charges: Not available
Processing Time: Usually within hours
💳 Payment Gateway
Charges: Rs.0 for UPI and netbanking deposits
Daily Limit: Not specified
Trading Platforms & Technology
Groww offers a comprehensive trading experience through its mobile app, web platform, and desktop terminal. The Groww App is highly rated at 4.3 on the App Store with over 1.84 million reviews, featuring intuitive navigation, advanced charting with TradingView indicators, and real-time quotes. The Groww Web Platform and Groww Terminal provide traders with robust tools, multiple order types, and seamless integration for a smooth trading experience. Their platform supports multi-asset trading—stocks, F&O, mutual funds, commodities, and ETFs—on a single interface. This versatility combined with features like Algo Trading and GTT Orders gives traders a technological edge. The focus on user-friendly design and advanced tools makes Groww suitable for both beginners and experienced traders.
📱 Mobile App
The Groww app provides a simple, efficient trading experience with live quotes, multiple indicators, and easy order placement, making it popular among Indian investors.
💻 Desktop Terminal
The desktop platform offers advanced charting, multiple order types, and real-time data, supporting active traders with professional tools.
🌐 Web Platform
The Groww Web Platform ensures traders can access markets anywhere, with features like multi-asset trading, customizable dashboards, and integrated research.
Customer Support & Service
Groww provides 24/7 support via phone, email, and live chat. Customers can reach their support team at +91-9108800000 or support@groww.in for assistance. The platform emphasizes prompt, helpful service, with support available round-the-clock to resolve queries quickly. Their support channels include in-app chat, email, and phone, ensuring users get assistance through their preferred method. Groww’s focus on accessible, responsive customer service enhances trust and satisfaction among traders, especially beginners who may need frequent guidance. The support team’s quick response times and easy-to-access channels make Groww a reliable platform for trading.
📞 Phone Support
Available: Yes
Response Time: 24/7 support
💬 Live Chat
Available: Yes
Response Time: Immediate within app/website
📧 Email Support
Available: Yes
Support: support@groww.in
Pros & Cons
✅ Advantages
- Groww offers extremely low, transparent charges suitable for all traders.
- They have a strong reputation for fee transparency and no hidden costs.
- Flat brokerage rates support high-volume trading without extra expenses.
- Ease of account setup and digital onboarding simplifies investing for beginners.
- App features include advanced charting and real-time data at no extra cost.
❌ Disadvantages
- Some premium services like research reports may incur additional charges.
- Limited support for offline or physical branch services.
- Higher charges for certain advanced features or customized services.
- No dedicated advisory services, which some investors might prefer.
- Repatriation charges and some NRI-specific fees are not publicly detailed.
Editor’s Take
From my perspective, Groww stands out for its highly transparent and low-cost fee structure. Their zero account opening charges and cap on brokerage fees make trading affordable for everyone. The flat Rs.20 per trade fee supports both casual and frequent traders, providing predictability in costs. The platform’s focus on clarity and simplicity is refreshing in a market often filled with complex fee structures. Their mobile app, rated 4.3 on the App Store, offers an excellent user experience with live data and advanced charting, suitable for all levels of traders. Groww’s approach to transparent charges aligns well with their broader mission of democratizing investing in India. For investors seeking a straightforward, cost-effective trading partner, Groww offers compelling value. To explore more about their fee structure, check out our detailed Dhan Charges & Brokerage Review 2025.
The Verdict
Groww’s fee structure is ideal for beginners, long-term investors, and cost-conscious traders. Their zero account opening fee, flat brokerage rates, and transparent charges make them a strong contender in the discount brokerage space. Active traders benefit from predictable costs, while casual investors appreciate their simple fee model. Although some premium services might involve additional charges, Groww’s overall approach emphasizes affordability and transparency, making it suitable for most retail investors. For those seeking low-cost trading without hidden fees, Groww is an excellent choice. For a comprehensive comparison with other brokers, see our Angel One vs Zerodha comparison.
How Groww Compares
Compared to industry averages, Groww’s account opening is free, while most brokers charge around ₹400-₹500. Their equity delivery brokerage is capped at Rs.20, which is significantly lower than traditional brokers charging up to 0.5%. The flat Rs.20 per order for derivatives and commodities is highly competitive, especially for active traders. While some competitors may offer bulk or subscription plans, Groww’s straightforward per-trade fee supports transparency and simplicity. Overall, Groww’s pricing is below industry averages in most segments, making them highly cost-effective for retail investors looking for predictable, low-cost trading options without compromising on technology or service quality.
