Are you an investor who is looking to withdraw money from Groww, India’s leading online investment platform? Well, you’ve come to the right place! Whether you are a newbie or an experienced investor, understanding the withdrawal process is crucial to accessing your funds when you need them. In this comprehensive guide, we will walk you through step-by-step process of withdrawing your money from Groww. So, let’s get started!
Linking your Bank Account
Before you can withdraw money from Groww, you need to ensure that your bank account is linked to your Groww account. Follow these simple steps to link your bank account:
- Log in to your Groww account using your credentials.
- From the main dashboard, click on the profile icon located at the top right corner of the screen.
- Select the “Banks” option from the drop-down menu.
- Click on the “Add Bank Account” button.
- Enter your bank account details, including the account number, IFSC code, and account holder’s name.
- Verify the details entered and click on the “Submit” button.
Once you have successfully linked your bank account, you are now ready to withdraw money from Groww.
Steps to Withdraw Money from Groww
Now that you have your bank account linked to your Groww account, let’s take a look at how you can withdraw money from Groww:
- Login to your Groww account using your credentials.
- From the main dashboard, click on the “Withdraw” option located in the top menu.
- You will be redirected to the withdrawal page. Here, you need to enter the amount you wish to withdraw.
- After entering the withdrawal amount, click on the “Continue” button.
- You will be prompted to select the bank account linked to your Groww account. Choose the desired bank account from the list.
- Click on the “Continue” button to proceed.
- Review the withdrawal details and ensure that all the information is accurate.
- Once you have verified the details, click on the “Confirm” button to initiate the withdrawal request.
Congratulations! You have successfully initiated a withdrawal request from Groww. It’s important to note that the withdrawal process may take some time to complete, depending on your bank’s processing time. In most cases, the funds are credited to your bank account within 1-2 working days.
Read More: How to Invest in Groww App
FAQs about Withdrawing Money from Groww
How long does it take for the withdrawal process to complete?
The withdrawal process usually takes 1-2 working days to complete. However, please note that the actual timeline may vary depending on your bank’s processing time.
Are there any charges to withdraw money from Groww?
No, currently Groww does not charge any fee for withdrawing money from your account. However, it’s always a good idea to check for any updates on the fee structure as it may change in the future.
Can I withdraw partial amounts from my investments?
Yes, you can choose to withdraw partial amounts from your investments on Groww. Simply enter the desired withdrawal amount during the withdrawal process, and the remaining balance will stay invested in your chosen funds.
Is there a minimum withdrawal limit on Groww?
No, Groww does not have a minimum withdrawal limit. You can withdraw any amount from your account, subject to the availability of funds.
Are there any restrictions on when I can withdraw money from Groww?
No, you can withdraw your money from Groww at any time. There are no restrictions on the timing of withdrawals, allowing you to access your funds whenever you need them.
Conclusion
Withdrawing money from Groww is a hassle-free and straightforward process. By following the steps mentioned in this guide, you can easily initiate a withdrawal and have your funds credited to your bank account within no time. Remember to link your bank account to your Groww account before initiating a withdrawal and carefully review the withdrawal details to ensure accuracy. Groww provides a user-friendly platform that makes managing your investments and accessing your money a breeze. So go ahead, withdraw your money from Groww, and make the most of your investment journey!
