How to Delete Groww Account in 2024?

Groww, a popular investment platform, offers a user-friendly interface for managing your investments like stocks, mutual funds etc. However, there might be times when you decide to close your account. But the biggest question is how to delete Groww account? If you also have the same question then don’t worry, we have got you covered. In this detailed blog, we will walk you through the steps involved in deleting your Groww account.

Understanding the Process of Deleting Groww Account

Before diving into the steps of how to delete Groww account, it’s crucial to understand that deleting Groww account isn’t a straightforward process like deleting an account on social media platforms like Facebook and Instagram. It involves closing your Demat account, which is regulated by the Securities and Exchange Board of India (SEBI). This process requires physical documentation that should be sent to the Groww headquarters and might take some time. Therefore, you need to be patient throughout the Groww account closure process.

Key Points to Remember While Deleting Groww Account

You should keep these points in mind when you plan to close Groww account:

Clear Your Holdings: Ensure you’ve sold all your investments and transferred any remaining funds.

No Pending Transactions: There should be no pending orders or transactions in your Groww account.

Closure Form: You’ll need to fill out a physical closure form carefully and submit that to a specific place.

Steps to Delete Your Groww Account

If you are wondering how to delete Groww account then refer to the step-by-step process shared here:

Step 1 – Contact Groww Support

The first step is to reach out to Groww’s customer support via call or email. They can provide you with the necessary information and guidance. You can contact them through their in-app support or through other available channels like social media platforms X (formerly Twitter), Instagram or Facebook.

Step 2 – Download the Closure Form

Groww will provide you with a Demat account closure form. Download and print this form.

Step 3 – Fill Out the Form

Complete the form with all the required details, including your account number, personal information, and reason for closure. Cross-check every detail to avoid form rejection while deleting Groww account.

Step 4 – Submit the Form

Send the duly filled and signed closure form to Groww’s registered office address. The address will be mentioned on the form.

Step 5 – Await Confirmation

The account closure process might take several weeks. Groww will notify you once your account is closed. If you want to know the status then you can contact the support team via call or email.

Important Considerations:

These are a few of the important considerations when you plan to close Groww account:

• Processing Time: The account closure process can take several weeks because it is a lengthy process involving offline documentation.
• Demat Account Closure: If you have a Demat account with Groww, closing your Groww account will also close your Demat account.
• Customer Support: If you encounter any issues, reach out to Groww’s customer support for assistance.

Groww Customer Care 

Below we have shared the Groww customer care details:

Read More: How to Refer and Earn in CRED in 2024? Know the Details Here

Wrapping Up

In conclusion how to delete Groww account? Closing your Groww account involves several offline steps and might take some time. It’s essential to plan and organize your investments before initiating the closure process. By following the steps outlined in this guide and communicating with Groww’s customer support, you can successfully close your account. However, the process is offline and involves paperwork therefore it might take more time than expected therefore be prepared for the same. Keep reading our blogs for more informative content from the tech and finance world.

FAQs About Deleting Groww Account

Can I delete my Groww account online?

No, deleting Groww account requires submitting a physical closure form. Therefore, you cannot delete your Groww account online.

Is Groww app safe?

Yes, the Groww app is completely safe to use for mutual funds, stocks and other investments.

How long does it take to close a Groww account?

The process of closing your Groww account can take several weeks.

What happens to my investments after closing Groww account?

You must sell or transfer your investments before deleting Groww account.

Will I get a confirmation after the account is closed?

Yes, Groww will notify you once your account is closed.

How to delete Groww account permanently?

You can easily delete Groww account by referring to the process shared above.