Groww Demat Account Charges

Introduction

Planning to invest via Groww? The first question that pops up in your mind would be, “How much will this cost me?” In this article, we’ll break down Groww Demat Account charges in detail. We’ll walk you through every fee, explain where costs really come from, and highlight what makes Groww’s pricing structure unique.

History of Groww

Started as a mutual fund platform, Groww gradually grew into a full-fledged brokerage. Its mission has been to democratize investing by making it easy, affordable, and accessible. Over the years, Groww expanded from just offering mutual funds to enabling stock trading, IPOs, and derivatives. It also became a depository participant, allowing users to hold their investments in a Demat (dematerialised) format. Groww’s rapid growth is largely attributed to its intuitive app, transparent fee structure, and appeal to first-time investors.

Groww Demat Account charges

Here’s a deep dive into all the charges you may face when you open and use a Demat account with Groww.

Account Opening Charges

Good news: Groww does not charge anything to open a Demat or trading account. According to its pricing page, account opening is completely free. This is a major advantage for beginners who are concerned about initial setup costs.

Annual Maintenance Charges (AMC)

There’s some variation reported about Groww’s AMC structure:

• Some sources say that Groww does not charge any AMC for the Demat account, making it effectively free to maintain.
  
• Other reports suggest an AMC of ₹300 per year, charged quarterly at ₹75.
  

Because of the conflicting reports, this is something you may want to verify directly in your Groww app or with their support team. But whichever is true, it’s not unusually high in the context of brokerage services.

Brokerage Charges

Brokerage is the fee you pay Groww for placing a buy or sell order. This is a core component of Groww Demat Account charges. Groww’s brokerage is quite straightforward:

• Equity Delivery: ₹ 20 or 0.05% (or 0.1% depending on source) of the trade value, whichever is lower.
  
• Intraday Trading: Same rate- ₹ 20 or 0.05% (or 0.1%) per executed order.
  
• Futures & Options (F&O): Flat ₹ 20 per executed order according to multiple sources.
  

Note: On its pricing page, Groww mentions brokerage for stocks as ₹ 20 or 0.1% per executed order, whichever is lower, with a minimum charge of ₹ 5.

This means if your trade is very small, the minimum brokerage may apply.

Another thing to watch out for: some users on forums report that Groww has introduced a minimum brokerage fee of ₹ 2 per order, especially for very small trades — which may not always be clearly reflected in its calculators.

Moreover, there was a reported hike: the minimum floor reportedly moved from ₹ 2 to ₹ 5 for some users as of June 2025. 

Depository Participant (DP) Charges

DP charges are levied when shares are debited from your Demat account (i.e., when you sell shares). For Groww:

• The DP charge is around ₹ 13.5 plus GST per sell transaction. 
• Some sources add that there is an additional ₹ 5.50 (CDSL) component for each transaction.
  
• Interestingly, Groww’s pricing page shows that for sell values less than ₹ 100, the Groww portion of DP charge is waived, and only the depository cost remains.
  

Regulatory & Statutory Charges

Apart from Groww’s own fees, you also pay several standard costs mandated by regulators or exchanges:

• Securities Transaction Tax (STT): For equity delivery, the STT on a sell is typically 0.1%.
  
• For intraday trades, STT is lower (e.g., 0.025%) depending on trade type.
  
• Stamp Duty: State-wise stamp duty applies. For delivery trades, Groww’s pricing page mentions 0.015% for buy side, and other rates depending on your state.
  
• Exchange Transaction Charge: Groww passes on these costs (they vary by exchange and trade type).
  
• SEBI Turnover Charge: A very small fee per trade for SEBI’s regulation overhead.
  
• GST (Goods and Services Tax): 18% GST is applied on brokerage and on other applicable service fees.
  

These regulatory and statutory costs are not unique to Groww; they are common across brokers, but they contribute to your overall Groww Demat Account charges.

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Other Fees

Beyond the main categories above, there are some less frequent or optional fees to consider:

• Dematerialization / Rematerialization: Converting physical share certificates into electronic form (or vice versa) has a cost. Some older reports suggest ₹ 50 per certificate.
  
• Physical Statement of Account: If you request paper statements, there may be a charge (for example, ₹ 20 per statement as per older broker-comparison sources).
  
• Delivery Instruction Slip (DIS) Booklet: A booklet for share instructions may cost (some sources cite around ₹ 50 for a booklet).
  
• Courier Charges: For physical correspondence (DIS booklets, account opening kit), courier may be charged (some reports mention a cap, e.g., ₹ 100 or actual cost).
  
• Pledge / Unpledge Charges: If you pledge shares (for instance, to take a margin or loan), there may be a fee for pledge and unpledge. Groww’s pricing page mentions ₹ 20 per ISIN for pledging / unpledging.
  
• Failed Transaction Charges: If a trade fails due to insufficient funds or some other reason, Groww may levy a fee.
  

Key Takeaways

1. No account opening cost: Groww does not charge you to open a Demat or trading account.
   
2. AMC ambiguity: Reports differ — some say Groww has zero AMC, while others mention ₹ 300/year. Check your app or account terms.
   
3. Brokerage is flat but has a floor: Groww charges ₹ 20 or a percentage (0.05%-0.1%) per order, whichever is lower. There may be a minimum brokerage of ₹ 2–5, depending on trade value.
   
4. DP charges matter: Each time you sell, you pay DP charges (₹ 13.5 + GST / additional depository cost) per transaction.
   
5. Statutory fees add up: STT, stamp duty, exchange transaction charges, SEBI fees, and GST all contribute to the cost.
   
6. Less common fees exist: Charges for rematerialization, physical statements, DIS booklets, pledging, and failed trades can all apply in specific cases.
   

If you want to keep costs low, focusing on larger trades might help, because fixed brokerage and DP costs become less significant as trade size grows. But for very frequent or very small trades, Groww Demat Account charges can add up, so planning your trades strategically is wise.

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