How To Delete Groww Account – Tired of using your Groww app account as such you want to Delete the Groww Account or even deactivate your Groww Account?
If the above is the case, don’t bother because this is the right place where you can learn how to cancel (close) or even deactivate your account. There are several reasons why you may want to delete your Groww account, including company spam.
Meanwhile, Groww is an India-based online investment floor that targets first-time investors and millennials. Based in Bangalore, Groww enables investors to open an account electronically and transact mutual funds and stocks online.
How To Delete Groww Account?
At the time of account creation, users provide a lot of private information, including bank account and KYC details, that a user may not feel comfortable leaving with the app once they stop using it.
While a user can log out of their account through the app, there is no option to instantly delete their account.
However, you can write to the Groww app customer support team. Upon acknowledgment and confirmation of your deletion request.
Groww’s customer support team will permanently delete your account (along with any personal information it may have stored).
You can follow these steps to delete your Groww account permanently:
Step 1. Firstly Open the Groww app on your mobile phone and sign in to your account.
Step 2. Scroll down and click on “You” {your profile}.
Step 3. On your profile tab, scroll down again and click on ‘Help & Support‘.
Step 4. Click on ‘My Account’.
Step 5. Now search that ‘I Want To Close My Grow Demat Account’ and click on it.
Step 6. The form will be downloaded.
Step 7. Fill in the client ID and reason for the closure.
Step 8. Submit the properly filled and signed form to the broker head office at the address mentioned on the form.
Why Delete Groww Account?
Higher costs
Since the funds are professionally arranged they require higher costs such as the salary of fund manager, and opening ratio among others.
Higher risks
Equity funds require higher risks as compared to debt funds and are not proper for those investors who aspire a lower risk for their investment.
Limited investment products
There is an only a limited investment with no option to currently trade in derivatives (futures & options), products, and currency segment
Lock-in
-ELSS funds possess a lock-in period of 3 years, hence less liquid.
Also, read – Groww App Review
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