How to Withdraw Money from Groww: A Step-by-Step Guide for Investors

Withdrawing money from Groww is a straightforward process that allows you to manage your investments easily. Whether you're dealing with mutual funds or stocks, the procedure is designed to ensure a smooth and secure transaction. This article provides a comprehensive guide on how to initiate and complete this process. Let's dive right in!

Step-by-Step Guide to Withdraw Money from Groww

1. Open the Groww App/Website

To start the withdrawal process, you need to log in to your Groww account using your credentials. Open the Groww app if you prefer to use the mobile version or visit the Groww website if you're comfortable with a desktop experience.

2. Navigate to the Portfolio Section

Once logged in, navigate to the portfolio section where you can see all your investments. Here, you can review your holdings and select the specific investment from which you want to withdraw funds.

3. Select the Investment

Choose the mutual fund or stock that you wish to liquidate. This option is usually found in the investment summary or details section.

4. Initiate Redemption

For mutual funds, you will need to find and tap on the option to redeem. For stocks, the process may differ slightly depending on the specific platform. Look for the relevant button or link to initiate the redemption process.

5. Confirm the Amount

Enter the amount or quantity you wish to withdraw and confirm your request. Double-check the details to ensure accuracy.

6. Choose Your Bank Account

If prompted, select the bank account where you want the money to be transferred. Ensure that your bank account is linked to your Groww account to avoid any delays or complications.

7. Complete the Process

Follow any additional prompts to confirm your withdrawal. These may include verifying your login information or confirming the transaction details.

8. Wait for Processing

Withdrawals may take some time to process. For mutual funds, it usually takes about 1-3 working days. Stock sales typically settle within T2 days (transaction day 2) of the sale. Monitor your account for updates on the status of your request.

9. Check for Confirmation

Keep an eye on your email or app notifications for confirmation of your withdrawal request. Once confirmed, the withdrawn money will typically be credited to your account within 24 hours.

Alternative Methods for Withdrawal

Here are some alternative steps to withdrawal from Groww:

Method 1:

1. Log in to your Groww app and tap on ‘You’. 2. Tap on ‘Groww Balance’. 3. Enter the amount you want to withdraw and tap ‘Withdraw’. The money will be credited to your account within 24 hours. Note: If the amount is more than 25,000, it will process along with the bank's working hours.

Method 2:

1. Visit the Profile section. 2. Click on ‘Groww Balance’. 3. Tap on ‘Withdraw’. 4. Enter the amount you want to withdraw. 5. To complete your request, click on ‘Withdraw’.

Additional Considerations

Withdrawing money from the Groww app is a seamless process, made even more user-friendly with step-by-step guides provided within the app. If you encounter any issues, you can reach out to Groww's customer support for assistance. They are always ready to help with any inquiries or concerns you might have.

Conclusion

Withdrawing money from Groww is a streamlined process that allows you to manage your investments efficiently. Once you have successfully withdrawn your funds from Groww, you can explore other options for making your money work for you. Consider investing in online betting platforms like Khelraja, which has a similar reputation to Groww, to potentially earn some extra income. Remember, the key to successful investment is to do your research and make informed decisions. Happy investing!