How to Add or Withdraw Money from Groww?

Groww offers a convenient feature called “Groww Balance” that simplifies investing by functioning as an internal wallet. This eliminates the need for frequent transfers from your bank account. Here’s a guide on how to add and withdraw money from your Groww Balance:

Steps to Add Money to Groww Balance

1. Login to Groww: Access your Groww account through the app or website.
2. Locate Groww Balance: Look for the “You/Profile” section and tap on “Groww Balance.“
3. Initiate Add Money: Click on the “Add Money” button.
4. Choose Payment Method: Select your preferred method from the available options like UPI (Google Pay, PhonePe, BHIM, etc.) or net banking.
5. Complete Transaction: Enter the amount you wish to deposit and follow the on-screen instructions for UPI or net banking to complete the payment.
6. Confirmation: Once the transaction is successful, return to the Groww app and confirm.

Note: It can take up to 1 working day for the funds to reflect in your Groww Balance.

Steps to Withdraw Money from Groww Balance

1. Access Groww Balance: Log in to your Groww account and navigate to the “Groww Balance” section.
2. Initiate Withdrawal: Click on the “Withdraw” button.
3. Enter Amount: Specify the amount you want to withdraw.
4. Confirm Withdrawal: Review the details and confirm the withdrawal request.

Things to Remember

• Withdrawals typically take up to 24 hours to reflect in your bank account.
• For withdrawals exceeding ₹25,000, processing might occur during bank working hours, potentially causing a slight delay.
• If you have linked multiple bank accounts to Groww, you can choose the desired receiving account during withdrawal.

Benefits of Groww Balance

• One-Click Investing: Groww Balance keeps your funds readily available for immediate investment, eliminating the need to transfer money each time.
• Convenience: Skip repeated transfers from your bank account. Groww Balance acts as a central hub for funding your investments.
• Simplified Transactions: Manage both deposits and withdrawals directly within the Groww platform, streamlining the financial process.
• Faster Investing: Funds stored in Groww Balance eliminate transfer wait times, allowing you to invest quicker and capitalize on opportunities.

By following these steps and keeping the mentioned points in mind, you can effectively manage your Groww Balance, making your investment journey smoother and more efficient.