Introduction
Investors open a demat account to invest in the stock market, but over time, they may become dissatisfied with their broker's charges, services, or overall experience. As a result, they may decide to switch brokers and transfer their existing shares and holdings from one broker to another.
However, many investors are unsure how to transfer their shares without selling them. If you hold shares in Groww and want to move them to Zerodha, you may have questions about the transfer process, applicable charges, and how long it takes.
In this guide, we will explain how to transfer shares from Groww to Zerodha step by step, what charges you may need to pay, and what you should check before starting the transfer.
Can You Transfer Shares from Groww to Zerodha Without Selling Them?
Yes, you can transfer shares from Groww to Zerodha without selling them in the stock market. Depending on whether you want to keep or close your Groww demat account, you can choose between two methods: an off-market transfer or a closure-cum-transfer.
Both Groww and Zerodha support demat accounts through CDSL, which is a depository that holds securities in electronic form. If your accounts meet the applicable requirements, you can transfer your shares between them without placing a sell order.
An important benefit is that transferring your own shares between demat accounts is generally not treated as a sale for capital gains tax purposes. However, tax implications can differ depending on the nature of the transfer, so keep your original purchase details for future tax calculations.
The method you choose depends on whether you want to move only your holdings or close your Groww account completely. We will explain both options and their applicable charges in the next sections.
Official Transfer Guidance : Grow > Zerodha
Before transferring shares, investors should check the transfer instructions provided by their broker and depository. Zerodha's official support resources explain the available transfer methods and the steps investors may need to follow. Always verify the latest requirements and applicable charges before initiating a transfer.
How to Transfer Shares from Groww to Zerodha Step by Step
You can transfer shares from Groww to Zerodha online through CDSL Easiest, provided your accounts and transfer method meet the applicable requirements. Follow these steps carefully to avoid entering an incorrect demat account number or submitting an incomplete request.
Step 1: Log in to CDSL Easiest
Visit the official CDSL Easiest portal and log in using your registered credentials for the Groww-linked demat account.
If you have not registered for CDSL Easiest, complete the registration and wait for the required verification and activation before proceeding.
Step 2: Add Your Zerodha Demat Account as a Beneficiary
Before transferring shares, you need to link the receiving Zerodha demat account.
Depending on the portal interface, navigate to Miscellaneous → BO Linking → BO Linking Setup. Enter your Zerodha demat account's 16-digit Beneficial Owner ID (BO ID) and the required PAN details.
Submit the request and complete the verification process described in the confirmation email or portal instructions. Make sure the beneficiary details are correct before confirming them.
Step 3: Wait for Beneficiary Verification
Your beneficiary or trusted-account request may need approval from the relevant depository participant. Wait until the account is approved and available for transfers.
Do not proceed on the assumption that submitting the linking request means it has already been approved.
Step 4: Set Up the Share Transfer
After the beneficiary is approved, log in to CDSL Easiest and navigate to Transactions → Setup → Bulk Setup.
Enter the required transaction details, including the execution date and your Zerodha BO ID. Select the shares you want to transfer from the available ISIN list, enter the quantity for each security, and choose the appropriate reason for the transfer.
Review every entry carefully before submitting the transaction.
Step 5: Verify and Authorise the Transfer
Submit the transfer setup and use the portal's Verify and confirmation steps as prompted. Complete the required authentication using the OTP and CDSL Easiest PIN or other applicable authorisation method.
Keep the confirmation details for your records. Once the request is processed, check your Zerodha account to confirm that the transferred holdings appear correctly.
How Long Does the Transfer Take?
Do not assume that every transfer will be completed within exactly two working days. Beneficiary approval, account verification, the time the request is submitted, and any errors or additional checks can affect the timeline. Check the latest instructions from CDSL and your brokers before initiating the transfer.
What Charges Apply When Transferring Shares from Groww to Zerodha?
The charges for transferring shares from Groww to Zerodha depend on the transfer method you choose. The two main options are an off-market transfer and a closure-cum-transfer.
1. Off-Market Transfer Charges
If you want to transfer your shares from Groww to Zerodha while keeping your Groww account open, you can use an off-market transfer through CDSL Easiest, subject to the applicable requirements.
Groww or the relevant depository participant may charge a fee for processing the transfer. However, Zerodha currently offers an eligible transfer-charge refund for transfers initiated on or after June 1, 2026.
According to Zerodha's official policy, the refund is limited to ₹30 per stock, with a maximum total refund of ₹500. You must meet the eligibility conditions and submit a support ticket within six months of the transfer. The refund is available only for qualifying transfers between accounts held under the exact same name.
2. Closure-Cum-Transfer Charges
If you want to close your Groww demat account and move your eligible holdings to Zerodha at the same time, you can consider a closure-cum-transfer.
This method allows eligible holdings to be transferred without selling them. Under the applicable depository guidelines, closure-cum-transfer is provided without transfer charges. Since no transfer charges are incurred under this process, Zerodha does not provide a transfer-charge refund for it.
Which Method Should You Choose?
If you want to keep your Groww account open, an off-market transfer may be suitable. If you want to move your eligible holdings and close the Groww account, closure-cum-transfer may be more appropriate.
Before starting, check the latest instructions and eligibility requirements on the official Groww and Zerodha websites. Charges and refund policies can change, so verify them before submitting your request.
- Zerodha's transfer-charge refund policy
- Zerodha's closure-cum-transfer guide
- Groww's official pricing page
What Should You Check Before Transferring Your Shares?
Before transferring shares from Groww to Zerodha, you should check a few important details to avoid verification issues or transfer delays.
1. Matching Account Holder Names
Check whether the account holder names and ownership details in your Groww and Zerodha demat accounts match. For an individual transfer between accounts held in the same name, the holder details should meet the depository's requirements. If you have a joint account, verify the holder names and their order before initiating the transfer.
2. Depository Compatibility
Check which depository your demat accounts are registered with. Groww and Zerodha accounts may use CDSL, but you should verify the depository details for your specific accounts before choosing the transfer method. CDSL Easiest is an online facility used for eligible transfers involving CDSL demat accounts.
3. Keep Your Demat Account Numbers Ready
Keep the relevant demat account details ready before starting the process. A CDSL Beneficial Owner ID (BO ID) is a 16-digit number. Verify the receiving Zerodha BO ID carefully before adding it as a beneficiary or entering it into a transfer request. Do not confuse your BO ID with your trading account ID.
Final Check
Before submitting the transfer request, review the account holder details, receiving BO ID, selected shares, quantities, and applicable charges. Keeping these details ready can help you avoid preventable errors during the transfer process.
Final Takeaway : Transfer Shares from Groww to Zerodha
Transferring shares from Groww to Zerodha allows investors to move their existing holdings without selling them on the stock market. Depending on whether you want to keep or close your Groww account, you can consider an off-market transfer or a closure-cum-transfer.
Before starting the process, verify your demat account details, beneficiary information, transfer charges, and the latest instructions provided by Groww, Zerodha, and CDSL. Keep your original purchase records safe and confirm that the transferred shares appear correctly in your Zerodha account.
If you are planning to transfer shares from Groww to Zerodha, choose the appropriate method, follow the official instructions carefully, and verify the applicable requirements before submitting your request. A little preparation can help you avoid common mistakes and make the transfer process smoother.
Frequently Asked Questions : Transfer Shares from Groww to Zerodha
1. Will My Shares Be Sold Automatically During the Transfer?
No, your shares are not automatically sold when you transfer them from Groww to Zerodha. A demat transfer moves your existing holdings from one demat account to another without selling them on the stock market. You need to initiate the appropriate transfer request and complete the required verification.
2. How Long Does It Take to Transfer Shares from Groww to Zerodha?
The transfer time depends on the method you choose, beneficiary verification, and processing by the relevant depository participant. Beneficiary approval and the actual transfer may take additional time, so do not assume every transfer will be completed within two working days. Check the latest instructions from CDSL, Groww, and Zerodha before starting.
3. Can I Transfer Shares from Groww to Zerodha Without Closing My Groww Account?
Yes, you can generally transfer eligible shares without closing your Groww account by using an appropriate off-market transfer method. If you want to close your Groww account as well, you can check whether a closure-cum-transfer is available for your account. Choose the method according to your requirements.
4. Do I Have to Pay Charges to Transfer Shares from Groww to Zerodha?
Transfer charges depend on the method used and the applicable broker and depository policies. An off-market transfer may involve charges, while an eligible closure-cum-transfer is generally processed without transfer charges under the applicable rules. Zerodha also has an eligibility-based refund policy for certain transfer charges. Check the latest official pricing and refund terms before submitting your request.
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