Investing in the share market and mutual funds can be done very effectively with the Groww App. As a Groww App user, you will also be eligible to earn money through the Groww Refer and Earn Program 2023.
You receive commissions when you refer this app to someone and they download and use it. This is similar to the Groww App program.
In terms of discount broker applications, there are many to choose from. The only exception would be if there were any beginners. For those with limited knowledge, the Groww app is the best option, since it is very simple to open a Demat account and to purchase and sell securities.
In order to start investing through the Groww App, you will need to register for an account with this application. You may invest in a variety of types of funds here, including mutual funds and stock funds.
Contents
Groww Refer and Earn 2023
Throughout this article, we will provide you with information about what Groww App is all about. The steps involved in opening a demat account with Groww App. The procedure for adding money to the Groww App, as well as the steps for earning money from the Groww App. Here you will find all the information you need on how to withdraw money from Groww App.
Friends, there is always a question from some people asking how they can earn money without doing anything and earn money right away. Such individuals should use the Groww Refer And Earn Groww app to earn money.
A Brief Description of the Groww App
The Groww App is one of the best trading applications that allows you to invest in mutual funds and share markets. In terms of ease of use, this application is excellent.
Founded in 2016, it is primarily a mutual fund investment platform founded by Lalit Keshare, Harsh Jain, Ishaan Bansal, and Neeraj Singh (former Flipkart employees).
Initially, the company operated through a WhatsApp group and other social media platforms for the exchange of information on topics related to investment and wealth management.
Currently, there are many investment apps on the market today, but the special thing about Groww App is that you can open your Free Demat Account in just a few minutes and you do not have to pay a cent. Also for a limited period of time you participate in their Groww refer and earn program to earn more.
Let us first talk about how to open a Demat account before you can start investing in Groww App.
The Groww App can be used on Android and iOS. It is much better than other apps since it is free and does not require maintenance.
By buying and selling Online Mutual Funds, Fixed Deposits (FD), and Stocks, you can earn a lot of money with this app. Incorporated in the United States, Groww App is headquartered in Bangalore, India. There are many types of investment facilities available through the company.
Must Read- Refer and earn apps 2022 list
What Documents Do I Need to Create an Account?
In order to invest your money on Groww App in a safe and secure way, it is essential to adhere to some rules so that fraud does not occur. As a result, some of your personal information will also be requested. Basically, it is as follows:
- In order to invest in India, you must have a PAN card.
- In order to prove your address, you will need your Aadhar card
- To add and receive funds, please provide your bank details
- The signature
- Photo of yourself
- You can use our Groww app refer and earn link to get Rs. 100 after downloading the app and making a successful transaction.
Apart using Groww refer and earn 2023 you can also try many other Paytm cash earning apps also to earn money.
Here Is a Step-By-Step Guide to Creating an Account With Groww Investment App
A few basic steps must be followed in order to create an account with Groww Mutual Fund app.
- The first thing you have to do is download and install Groww App on your device using this link.
- Sign up can be done using your Google account or another e-mail account if you prefer.
- An OTP will be sent to your phone so that you can verify the validity of your mobile number.
- You will be asked to enter the PAN card number and confirm your name.
- You will now need to enter the IFSC code of your bank and the details of your bank account.
- Please provide the name and relationship of the nominee you are nominating.
- We are pleased to inform you that your Groww App account has been successfully created.
- Now you can go ahead and start investing in various products offered by Groww app.
- Also you can start participating in Groww refer and earn 2023.
Once you have successfully created an account with Groww you can start investing in Shares, Mutual funds, SGB’s, IPO’s and U.S markets directly in no time. Just feed your Groww account with money by connecting it with your bank account directly and start your rewarding investing carrier.
What Is Groww Refer and Earn Program?
The Groww refer and earn program allows you to earn money by referring others to the app. Your referral link is the one you will need to share with anyone you would like to refer to Groww App.
If you would like to share this referral link, you can do so on social media or anywhere else you wish. You will be able to receive a commission every time someone downloads the Groww App after clicking on your referral link in order to install it.
When you refer someone to the Groww App, you both receive Rs 300, meaning that you will receive Rs 100 as well as the one who downloads the app.
By getting more and more people to download Groww from your referral link, you can earn even more money.
How to Refer Groww App to Earn Groww Referral Amount
Kindly follow the below steps refer the Groww app to your friends and family members.
- The first step is to click on the “User Icon” in the top right corner of Groww App.
- There you will have the option of “Refer & Earn” with the “Invite Button” appearing next to it so that you can invite your friends.
- As a third step, once you have clicked on the Invite link, you can go ahead and share it with anyone you want through WhatsApp or you can click on the “Invite Share Link” within any other app you would like to invite people to, such as Facebook, Twitter, etc.
- You can also try the inbuilt sharing feature of the Groww refer and earn 2023 program. In this you just need to give a permission to the Groww app to automatically check your Whatsapp contact who are not a Groww app users yet to send the Groww app referral link.
- Once you have shared the Groww refer and earn referral link, Your Groww account will be credited with Rs. 100 whenever someone downloads the Groww app using your refer link and activates his/ her trading account.
- Rest Rs. 200 will be credited into your account once the referred person invests in Groww app with minimum Rs. 1000 within 30 days of the activation of his/ her account.
You can earn up to Rs. 2,00,000 every month by referring your friends or family members to join Groww app by completing KYC.
Groww Referral Amount / Groww Refer and Earn Amount
For every successful refer you will earn Rs. 300 from Groww app. You will get instant Rs. 100 credited into your Groww wallet and Rs. 200 when the referred person makes his/ her first investment with minimum Rs. 1000 on the Groww app.
Groww Refer and Earn Amount are dynamic and keep on changing time to time hence check the referral amount on the Groww app before referring your friends and family members.
Groww App Refer and Earn Policy
Kindly read the terms and conditions of Groww refer and earn program for the year 2023 as decided by the company itself-
- Groww does not offer the option of refer and earn to everyone, so not everyone has access to it. Select users are the only ones who will be able to access this feature.
- Groww offers the Groww Refer and Earn option a few days after account creation. To gain access to this option, you must have traded before you are able to refer.
- Groww has made some changes to its referral program, under which the account creator will no longer receive 100 points, but the one referring will receive them, although these changes may be made in the future.
- Your referral reward will only be issued when a new user creates an account with Groww for the first time.
- You can successful refer a maximum of 1000 people to Groww app only and earn a maximum of 3,00,000 INR.
How to Add Money in Groww App
Follow the steps below incase if you are interested in adding money in your Groww app
1- In order to use the Groww app, you must first open it.
2- The next step is to click on your profile.
3- The next step is to click on Add money (Like the image below)
4- Enter the amount, select the payment method and then click on “add money” to complete the payment process.
The amount will be added into your Groww account instantly, Also in future you can follow the same process to add money.
Merits of Groww Application
There are many advantages and characteristics of Groww app which can be understand using below points
- The Groww app allows you to easily open a demat account from the comfort of your own home and invest in stocks and other investments.
- Neither the Groww app nor the account opening process are subject to any hidden charges.
- Groww app allows you to track your investments and keep track of stocks and mutual funds that you have invested in.
- As a result, you receive the benefit of zero brokerage charges, which is an extremely valuable feature.
- Groww app provides you with a chance to open your demat account for free and to invest in stocks and other mediums, and you can do this in a matter of minutes.
- The Groww app is recognized by SEBI, making it a platform that can be trusted.
- MF’s Groww app has been awarded three times by BSE, the Bombay Stock Exchange.
- If you are interested in opening FD then you can also use Groww to create a new FD for your self.
Groww App Customer Care Number
Whenever you’re using this app and you need help, you can talk to Groww App’s customer care.
Customer Support Number for Groww App :- 9108800604
Whenever you need any type of assistance, you can call the number below and speak with someone.
You may call between 9:00 a.m. and 7:00 p.m. on Monday through Friday and 9:00 a.m. to 2:00 p.m. on Saturday.
How to Add Your Bank Account in Groww
The process to add your Bank account with Groww app is very simple which can be done in just a few seconds by following the step by step guide below: –
- As a first step, open the Groww app on your smartphone.
- Select the Profile icon from the menu.
- Click on the ‘Bank & Autopay’ tab under the ‘My Account’ tab.
- You will find the option to add another bank when you tap on it.
- If you are looking for a specific bank, you can search by its name or choose one of the options below.
- The bank account number must be entered and the bank must be verified.
- For the purpose of verifying your account, they will deposit ₹1 into your bank account.
- The bank account will be added to your account as soon as you enter the correct information.
- After that you can delete the other bank account or make a primary bank account for add money or withdrawal between the two of your bank accounts.
If you want to earn from Groww refer and earn then you must attach your active bank account with the Groww app because after that only you would be able to transact on Groww app.
List of Ways to Earn Money From Groww App
Groww App offers the following ways to earn money using Groww application:
1– By doing stock trade
The Groww App allows you to do online trading, if you are interested in the stock market, you may buy and sell shares of any company.
Shares of any company need to be researched, including their industry, whether they are profitable or losing money, before you buy shares.
The stock performance chart also helps you understand when the company’s shares increased and when they fell. This chart provides better information about the stock.
2– Using Groww Refer and earn
You and your friend get Rs.100-100 each if your friend refers Groww refer and earn program to his friend or relative and your friend opens his account using your Referral Link. You can also earn money by referring Groww App.
3– Earn money by investing in Mutual Funds
Apart from just earning from Groww refer and earn you can earn good profits by investing in Mutual Funds if you don’t have market information but want to make safe investments.
Mutual Funds are less risky than stocks on the stock market, which makes them a good investment. There are people who are very experienced in the stock market who invest the money that you invest in Mutual Funds in the stock market. There is no doubt that mutual funds are a safe investment.
Conclusion- I hope you got all the information’s related to Groww refer and earn program and I wish you a great earning ahead. Make sure to follow the guidelines and don’t indulge yourself in any shady activity to earn because once you got caught your Groww referral amount will be forfeited.
Frequently Asked Questions-
Q1- Is there a refer-and-earn program with Groww?
Ans- Groww referral links can be shared with friends. In ‘Refer and Earn’, you will receive two locked-in cards when they sign up using your link. Once your friends have verified their documents and activated their stock accounts, your Groww Balance will be credited.
Q2- What is the process for getting a Groww referral link?
Ans- The ‘Refer & Earn’ section is located under your profile section on the Groww app. Your referral link or Whatsapp invitation will be displayed if you are eligible on the ‘Refer & Earn’ page.
Q3- Is Groww free for life?
Ans- You don’t have to worry about transaction fees or redemption charges with Groww. With Groww, you can open an account for free and there’s no maintenance fee. Groww doesn’t let you invest in stocks for free, though.