I recently transferred some shares from my Groww Demat account to another Demat account. I’m curious to know how much Groww will charge for this share transfer. I want to understand if there will be significant charges or just minimal fees for the transfer.
Most people are asking how much they need to pay as charges when transferring shares from a Groww account to another Demat account.
If you are not aware, let me inform you that Groww supports CDSL Easiest facility. This facility allows you to transfer your shares from one Demat account to another. You can easily register your Demat account for CDSL Easiest and start transferring shares between two Demat accounts, just like you transfer money.
In this comprehensive guide, we will provide you with step-by-step instructions on how to effectively review the charges associated with share transfers on the Groww platform. Whether you have already completed a share transfer from your Groww Demat account or are considering doing so in the future, this guide will enable you to accurately assess the charges applicable to your transactions.
How to Check Groww Charges for Share Transfer using CDSL Easiest
(Step 1) Open your Groww Demat account App and tap on the Profile section.
(Step 2) In the profile section, you can check your available balance. Click on the balance amount to view all transaction details.
(Step 3) On the next screen, click on the “All Transactions” option to view charges and other transactions.
(Step 4) And the next screen you can view your share transfer charges. You can see Groww has charged me Rs.15.94 for a share transfer. You can tap on the transaction to view more details about charges.
(Step 5) You can see Groww has charged me 13.5 + GST for the share transfer. I have transferred my 1 lakh amount shares to Zerodha account.
Hope you now understand the charges for share transfer using CDSL Easiest on Groww. Please ensure you have sufficient balance in your Groww account to avoid rejection of your transfer request due to low balance.