How to withdraw money from groww? Quick Guide #2023

Groww is a mutual fund investment platform where you can buy and sell mutual funds. It is an investing platform where you can find all the information about different types of mutual funds, compare them and invest in them. Groww does not charge any fee from the investors.

All the transactions between the investor and AMCs are completely free. However, AMCs may charge some fees like exit load, switch charges etc. which are levied on every investor by AM Cs.

How to withdraw money from groww?

To withdraw money from Groww, you need to have a registered account with us. If you haven’t registered yet, you can do so by providing your email id and PAN number. Once you are registered, you can log in to your account and start investing.

When can I withdraw money from Groww?

You can withdraw money from Groww only when you have sold all the units of a mutual fund scheme. Withdrawal of money means the redemption of units in a mutual fund scheme. When you redeem your units, the money will be credited to your Groww account within T+2 days (T = Transaction day).

From there, you can either transfer the money to your bank account or UPI ID. The process of withdrawal is free of cost. However, the mutual fund scheme may charge an exit load, if applicable.

Groww app withdrawal charges

Exit load is a fee that is charged by the mutual fund scheme when an investor redeems his/her units before a certain period of time. The period after which exit load is not charged is called the lock-in period.

For example, if the lock-in period of a mutual fund scheme is 3 years and you redeem your units after 2 years, you will have to pay an exit load of 1%. This means that 1% of your investment amount will be deducted as a fee and the remaining 99% will be credited to your account.

Withdrawing money from Groww to my bank account

To withdraw money from Groww to your bank account, you need to first add your bank account details in the Withdrawal section. Once you have added your bank account details, you can submit a request for withdrawal. The money will be credited to your bank account within 3-5 working days.

There is no charges for this withdrawal.

Withdrawing money from Groww to my UPI ID

You can also withdraw money from Groww to your UPI ID. To do this, you need to first add your UPI ID in the Withdrawal section. Once you have added your UPI ID, you can submit a request for withdrawal.

The money will be credited to your UPI ID within 1 working day. There are no charges for this withdrawal.

What is the minimum amount that I can withdraw from Groww?

There is no minimum amount for withdrawal from Groww. You can withdraw any amount that you want. However, please note that the mutual fund scheme may charge an exit load if you redeem your units before the lock-in period.

What is the maximum amount that I can withdraw from Groww?

There is no maximum amount for withdrawal from Groww. You can withdraw any amount that you want. However, please note that the mutual fund scheme may charge an exit load if you redeem your units before the lock-in period.