Groww Demat Account Opening Online | Demat Account Opening Online 2023 Full Process

Everybody used to think, If you want to invest in the stock market then its a very complex process

To open an account, it will take a lot of time

and if you want to choose a stock, you will have to go to different places

after which you can think of starting your journey in the stock market investment

But from the time Groww has entered into the stocks

Groww has simplified this whole process

Read Also:-

• Upstox Account Opening Online

Other than making it simple

Groww has made it efficient so that you can activate your account in a simple and timely manner

and start your investment journey as soon as possible

Friends, you might have wondered many times on what is a Demat account?

and how to open a Demat account to invest in stocks

I, Jagdeep Singh, Welcome you to the Groww Youtube Channel

In this video, we will talk about

Friends, stock market investment has always been considered complex

so that you can start your investment journey as soon as possible

Groww Demat Account Opening Online

The more quickly you can make an investment and for a longer period of time

your chances of making a better return increases

but friends, before starting the video, if you have not subscribed to Groww’s channel yet

then Subscribe to Groww’s Channel

Let’s start today’s video

wherein I will explain to you, the step by step process on how to open an account on Groww

and how you can invest in stocks from there?

Friends, before telling you the account opening process

I would like to tell you the history of what was the process of opening a Demat account till now

So friends, the process of opening a Demat account in the past used to be

completely offline

If I talk about offline, then you had to ask for forms from different brokers and fill it

after which you used to sign it at different places

after signing, you had to courier the form back to the broker

The whole process would take you 10 to 15 days cause the form had to be bought

then signed and couriered, then the time it takes to reach there

After which when the broker used to open your account, it would take a lot of time in this process

And because of such a long time-consuming process

It happens that the investor by then has missed out on a good opportunity to invest

But friends, Groww’s onboarding process through which you can create your own Demat account

it is completely online which means if you want to open a Demat account

you wouldn’t have to fill up forms and courier it

I will tell you how you can open your account, without any couriering

Your account will get activated in some time

and you can start investing in the same day

Friends, first let’s talk about what is a Demat account?

So friends, If I look at Demat’s full form then

So what is its meaning?

So friends, If you were investing in the past few years

when there was no Demat facility

so whenever you used to buy a particular share

you used to get a certificate for that

on the top, it was mentioned of which company and how many stocks did you purchase

which you had to store in its physical form

As you know, the process was very tedious

of how will you store this certificate

In order to solve this, a new initiative came up

which was called Dematerialization. So what happens in dematerialization is that

Whenever you buy a new share, that particular share in an electronic form is kept in one of your accounts

and the account in which it is kept is called Demat Account

Friends, if you trade money whether its taking money or giving money

you use your bank account

you keep your money safe in the bank account

When you want to give money to someone, you transfer the money to him

and when someone has to give you money then your money gets transferred to your bank account

so friends, in similar terms, if I talk about share market

so in share market, you have to trade shares

Assume, if you want to purchase a particular company’s share

say if company A’s share is of Rs. 100

so its process is very simplified for the user

that you gave Rs. 100 and bought a share

but friends, after two days, t + 2 settlement of stocks

after 2 days, your particular share gets delivered to the broker

and that particular share is put into your Demat Account

Just like in a bank account, money is deposited and withdrawn

Similarly in your Demat Account, stocks are transacted at your authorization

means whenever you have sell it, you authorize thus your share is taken out of the Demat account

and delivered to the person, you sold it to

And when you buy a share, your broker once he receives, puts your share in your Demat account

So friends, from this example you can learn how important Demat account is

and is a mandatory account if you want to invest in shares

Before buying a single share, it is mandatory to buy a Demat account

So friends that was about Demat account

Demat account is opened by your broker on your behalf

once you give all your details like your signature and bank account to your broker

After receiving all this information, your Demat account is opened

After opening a Demat account, you receive a mail from your broker

which has a CMR copy. The full form of it is Client Master Report

Client Master Report tells you all the details regarding your Demat account

from your Demat account number to your name, address and the linked bank account details

That is why CMR report is so important for you

Friends, It’s one more use is

whenever you trade share in the market, it helps you there

other than that, when you apply for an IPO

Assume if any company’s IPO is coming, even for that Demat account is required

cause till the time, you don’t have a Demat account you cant apply for an IPO

cause by chance if you get the IPO and you don’t have a Demat account

then there won’t be any place to keep your Demat account

so if you even want to apply for IPO, it is mandatory for you to open a Demat account

So, friends, we spoke about the overall Demat account

I spoke to you about its importance in detail

Now I will tell you, How can you open your Demat account through Groww in a timely and simple manner

and how you can start your investment journey with it in the shortest time

So friends, on the side, you can see the steps

with that, I will keep telling you why is it important to put a particular detail

while opening an account

so for the new users, who have never used Groww app before today

After putting your Email Id, the second important process is

You will have to verify your mobile no. as every information regarding your account goes to this number

After verifying the mobile no. the most important thing in the world of investment is having a valid PAN card

cause investment is related to your income

so if there is anything related to income then its important to have a valid PAN card

so the third step here would be

to put in your own Pan card details

Once you put in the PAN card, Groww will identify the user of the PAN card

after which you can verify your PAN card again

After which friends, you have to fill in a few basic details

after which there is a important step

like I told you the use of Demat is done to trade in stocks

so whenever you want to buy or invest in a particular share

you must have money in account

you will have to transfer that particular amount into Groww as Groww balance

After putting that money in Groww balance, you can invest that money

so friends, how will money get transferred to your Groww balance

Friends, you need to have a proper bank account for this which you will have to link with your Groww account

You can verify your bank account here by putting in the IFSC code

and bank account details like your bank account number

Now friends, in order to open Demat account in the past, people used to ask for cheque

so that they can verify your bank details

cause the compliance says the Demat account should belong to the owner of the bank account

It is not possible that I am opening my investment account and I linked it with my father’s bank account

so Groww verifies the bank account you added that is of yours and not of someone else’s

And Rs. 1 is deposited in you account which is called penny drop

Via penny drop, when Rs. 1 is dropped in your account

so the name of the bank account owner and the Pan account holder is matched

It is verified that the PAN card belongs to the account holder himself or not

Once the bank account is verified, you have to fill up some other details

after which you reach the last and the most important step

The next important step to open an account with Groww is to upload your signature done on a white paper

Like you can see on the screen, upload signature’s option

so you have to do your sign on a white paper and upload it

Friends, pay attention that you have to do your own valid signature here

after uploading this signature, you reach the last step after which your investment journey would start

This is called e-signature

Many people want to know, how is e signature done and what problems does it solve?

So friends, your account opening form to trade in stocks

in the past, you had to courier the forms after downloading which used to take 7 to 10 days

That particular process can be simplified via e-sign

The process of doing e-sign is to click here, it takes you to the website of NSDL

where you will have to put you aadhar card number

After putting aadhar card no., the mobile no. linked with it gets a OTP

and if you fill in the OTP there, your process of e-sign gets over

But friends, I would like to tell you a small thing

When you are taken to another page, where you have to fill your aadhar card no.

please make sure you are putting your own aadhar card no.

Now assume, as my aadhar no. is not linked with my mobile no. thus I put in my father’s aadhar no.

In that case, your account won’t get opened and you will have to repeat the whole process

So please take care that when you put in the OTP

from the registered mobile no. which is linked with your aadhar card

After this step, your account opening process is complete

After which your investment journey starts in just some time

Under stocks, you will find a lot of information

you can use it to think of investing intelligently

Friends, this whole process is very simple

If you try it by yourself, you can complete this whole process in just sometime

Once this process gets completed, your Demat account gets created

After which you will receive an email with a CMR copy, Client Master Report

which is very important as it tells you all the details of your Demat account

Friends, follow this process and start your investment journey soon

One more benefit, you get in Groww is that if you are interested in investing in a particular stock

then the financial information, Profit & Loss statement, balance sheet, cash flow statement, competitors of that company

are all available on the same page

After taking an informed decision with the information available, you can start your investment

I hope, when you are starting to invest, like a good investor

you will do your own research after which choose a fundamentally strong company

Invest for a long time so that in the future, you can make good returns

Other than this, we will keep posting educational videos on this channel

so that we can help you in choosing a good stock

We will tell you how you can empower yourself to choose a good stock based on your needs

and so that you don’t have to depend on others to tell you which stock you should invest in

Friends, If you liked this video

Press Like!

Comment and tell us your experience with Groww stocks

and if you haven’t onboarded yet then start your investment journey soon

In the future, we will come up with more videos to educate you on investment

If you have not subscribed to our channel yet

Subscribe It!

so that we can help you to become an intelligent investor

Happy Investing!