Groww now provides a convenient way to transfer your shares between Demat accounts using the CDSL Easiest facility. You have the flexibility to transfer your holdings to another individual’s or your own Demat account through an online process. While Groww does apply nominal charges for share transfers, this guide will focus on how to check these charges within the Groww app.
If you’re considering transferring your shares from your Groww account to a different Demat account, it’s crucial to be aware of the charges associated with this process. This article aims to provide detailed insights into Groww’s share transfer fees, offering clarity to facilitate a seamless transfer of your shares.
Know How Much Groww Charges for Share Transfer
Just a heads-up, Groww currently applies a charge of Rs 13.5 plus GST for share transfers through CDSL Easiest. This means that for each transfer of one holding, irrespective of the number of shares, you will incur a charge of approximately Rs 15.94 (inclusive of GST). If you have already moved your shares from your Groww Demat account to another Demat account and want to verify the charges imposed by Groww, you can do so by accessing the Groww App. The charges will be deducted from your Groww balance.
Follow these steps if you wish to check Groww Charges for share transfer:
To access your transaction details in the Groww App, follow these steps:
1. Log in to the Groww App and navigate to Profile Settings by tapping on the Profile picture.
2. In the profile section, select your Groww Balance.
3. Next, tap on the “All Transactions” option to view your latest transaction details.
4. Here, you can review your share transfer charges (Mentioned as Stock DP charges) and transaction date. By tapping on the specific transaction, you can access more detailed information.
5. Upon reviewing the transaction, you can see that Groww has charged Rs.15.94 for the share transfer.
In order to check Groww share transfer charges on the Groww App, it is important to note that regardless of the number of shares being transferred to another Demat account, Groww will levy a charge of Rs. 15.94 per transfer. If you intend to transfer shares from your Groww Demat account to another Demat account, you must first register on CDSL Easi and then proceed to log in to your account and upgrade it to Easiest.