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What is the UPI Mandate brokerage trap on Groww?

If you use UPI Mandate balance (added via UPI Mandate payment method) to place trades on Groww, the brokerage charged is 1% of the order value with no maximum cap — far higher than the standard ₹20. On a ₹1 lakh order that is ₹1,000 in brokerage. To avoid this, always fund your account via NEFT/IMPS and ensure your Groww wallet balance shows under the regular balance, not UPI Mandate balance, before placing orders.


Topic: Groww FAQs

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