If you are thinking of investing your money in share market and for this you are searching for any best stock market investing application or mobile trading application, which is safe, then you can use Grow application and We will also tell you why you should use this application. In today’s post, we will know what is Grow App? What is Groww App in Hindi?
In fact, the Grow application is considered to be a very safe application to invest money and its downloads testify to this, as well as its positive reviews, also show that people consider investing money in the stock market with the help of this application quite secure.
If you have made up your mind to invest in the stock market, then what is the Grow app for you? What is Groww App in Hindi? And how to invest in Grow? You should get information about it and you will get all this information in this content.
What is Groww App?
groww It is an online investment application for investing money in the stock market. Under the share market, you can invest in SIP, IPO, Stocks, Mutual Funds, Digital Gold, Exchange Traded Funds with the help of this application. In the year 2016, Neeraj Singh, Ishaan Bansal, Lalit Kesre and Harsh Jain started a company named Next Billion Technology in Bangalore city.
Due to the simple user interface of this application, it is quite easy to use and invest through it. Not only can you put money in it, that is, you can invest, as well as you can keep your eyes on the money you have invested.
Documents for Grow App Account Opening:
To create an account in this application, you need some documents and after creating the account, you also have to do KYC to get full access to the application. In this way to create an account and to do KYC, you will need the following documents.
• pan card
• Aadhar card
• Bank Account
• Selfie Photo
• mobile number
Groww App Par Account Kaise Banaye?
To invest money in the share market, you need a demat account or trading account and there are many websites and applications on the Internet to create both these types of accounts, which are called share market investment applications or share market investment websites. Is.
This is also included in the application that gives the opportunity to create a demat account or trading account. For this the above mentioned documents are required. If you have the above-mentioned documents, you can create an online account in the Grow application using the method given below.
1: You have to download or install the GROWW application first. Therefore, if you want, you can download it from the Internet or you can download it from the Google Play Store.
2: After the application is installed, when you open the application, you get the option of CONTINUE WITH GOOGLE in the application. You have to click on this and enter your email id in the specified space and after that you have to also enter your phone number in the specified space and process OTP for verification. Now you have to get your account verified by entering the OTP that you have received in the specified place.
3: After this you have to enter your PAN card number in the given space. By doing this you will see the name of PAN card number on the screen and then you have to press the CREATE ACCOUNT button which is visible below.
4: Now you have to fill some of your basic information in the space shown on the screen. After filling all the details like date of birth, gender, marital status, annual income, trading experience, mother’s name, father’s name and nominee, press the NEXT button.
5Now you will be asked to fill the bank account details. Under this, you will have to enter your bank name, IFSC code, branch address, branch, bank account number. Through the GROWW application, a credit of ₹ 1 will be given for verification of the bank account. This will verify your account.
6: Now you have to take your own selfie using your smartphone and then press SUBMIT button.
7: Now you have to enter your Aadhaar number by clicking on the option of PROCEED TO AADHAR E SIGN appearing on the screen and after that the OTP you will get, you have to verify it by entering it in the specified place. Here let us tell you that your Aadhar card number should be linked with your phone number, only then you will get OTP.
8: Now a touchscreen will come. On this you have to do your signature and press the SAVE button.
9: Now you will get the option to do KYC and under this you have to press the button PROCEED FOR KYC and then you have to secure your account by entering your Aadhaar number in the specified place. After this process is completed, your account gets started.
Groww App Me Invest Kaise Kare?
Above, you had already learned that through this application you can invest in mutual funds, as well as invest your money in IPO, gold and stocks. Apart from this, you can also invest in various things of the stock market. Know below how this application gives you the opportunity to invest.
1: You have to first select the mutual fund and that is why after opening the application, you have to click on the mutual fund option.
2: After this, different types of company funds appear on your screen. Now you have to click on any company in which you want to invest. You can find your favorite company by clicking on the search box above.
3: In any company in which you have been selected to invest, now you get the option to pay for it, in which the first option is one time, under this you have to make all the payments only once and second The option is Monthly SIP. In this you have to pay every month. You can select any of these options as per your choice.
4: Now you have to enter the amount of money you want to enter in the specified space and then press the INVEST NOW button.
5: Now in the further process, you have to make payment through bank transfer, net banking or UPI. After making the payment, the process is completed within 3 to 4 days.
6: Once the process is complete, you can check the status of investments in mutual funds. If you want, you can invest money in other funds as well or you can reinvest money in the fund in which you have invested earlier.
How to withdraw mutual fund money?
Just as it is easy to invest money through this application, in the same way withdrawing money through the application i.e. redeeming is also easy. For this, you have to follow the procedure which is being told below.
1: To withdraw money, after opening the GROWW application, you have to go to your profile.
2: After reaching the profile, you have to click on the option available to invest, where you will see different funds, out of which you have to click on the fund you want to withdraw.
3: Now you will get the option to withdraw. Now you have to put the amount of money you want to withdraw in the specified place and then click on the withdraw option.
Let us tell you that the money redeemed in the bank account you gave while creating the account will come to you within 1 to 2 days. If it is a working holiday then it may be a little late.
Things to keep in mind before investing
• You do not have to waste your hard earned money like this. That is why when you invest in any scheme or scheme, invest wisely only.
• Before investing money in the scheme, get complete information about that scheme.
• Do not invest money in any scheme at the behest of any other person, rather understand that scheme first and only then take the decision to invest.
• You do not have to invest huge amount of money in one place, but you have to invest your money in different schemes.
• One of the rules of the stock market is that, in the scheme which has more profit, the risk is also higher in it. Do not spend money for this without getting complete information.
• You should invest for long term for better profit. If you invest money for a short period of time, the risk of losing money is high.
• The company which gives high returns, you do not have to fall in the trap of them because there is a high risk of losing money in it.
• Always invest money only in companies giving low returns.
In this article you learned what is Grow App? What is Groww App in Hindi? And “How do I invest in Grow Application”, you also understood in the article “How to create an account in Grow Application” and “What documents are required to create an account in Grow Application?
Hope you know what is Grow App? Groww App Kya Hai In Hindi! Would have liked this post, and found it helpful.
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