To check the dividend received in Groww, open the app and go to your ‘Portfolio‘. Select the specific stock and scroll down to find the ‘Corporate Actions‘ or ‘Events‘ section. This area lists all past dividends, showing the amount per share, the record date, and the date it was announced. To confirm the money is in your bank, check the statement of the bank account linked to your Groww account. The credit will appear with a description like “[Company Name] Dividend.” Groww automatically credits dividends to your linked bank account 30-45 days after the company’s record date, so delays are normal if it’s within this period.
Groww makes tracking and receiving these dividends very simple. Once a company announces and pays a dividend, Groww automatically processes it and credits the amount directly into the bank account you have linked with your demat account. You don’t need to do anything! This guide will show you exactly how to check your dividend history and status on Groww.
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How to Check Dividend Received in Groww: A Step-by-Step Guide
There are two main ways to check for dividends: by looking at the stocks you own, or by searching for any company to see its dividend history.
Method 1: Using the Groww App (For Stocks You Own)
This is the best way to check dividends for the stocks you currently hold in your portfolio.
- Open the Groww App: Launch the Groww application on your phone and log in to your account.
- Go to Your Portfolio: Tap on the ‘Portfolio’ or ‘You’ tab at the bottom of the screen.
- Select the Stock: From your list of investments, tap on the specific stock for which you want to check the dividend.
- Find Corporate Actions: Scroll down on the stock’s details page. Look for a section named ‘Corporate Actions’ or ‘Events’.
- View Dividend Details: Here, you will see a history of all dividends declared by the company. It will show you:
- The dividend amount per share (e.g., ₹10 per share).
- The record date (the date you needed to hold the stock).
- The announcement or credited date.
Method 2: Using the Groww App (For Any Company)
You can check the dividend history of any company, even if you don’t own its shares. This is useful for research.
- Search for the Company: On the Groww app’s home screen, use the search bar at the top to type the company’s name (e.g., “Ambuja Cement”).
- Select the Company: Tap on the correct company name from the search results.
- Go to the ‘Events’ Tab: On the company’s page, you will see tabs like Overview, News, Events, and FAQs. Select the ‘Events’ tab.
- Filter for Dividends: Scroll down, and you will see a list of corporate events. You can often filter this list to show only ‘Dividends’. This will display the company’s complete dividend history, including the amount and relevant dates.
Method 3: Using the Groww Website
The process is very similar on the Groww website (groww.in).
- Log in: Go to groww.in and log in to your account.
- Navigate to Portfolio: Hover over or click on ‘Portfolio’ in the header and select ‘Stocks’.
- Click on the Stock: Click on the name of the stock you are interested in.
- Check Corporate Actions: On the stock’s page, look for the “Corporate Actions” tab to see the dividend history.
Video Guide to Check Dividend Received in Groww:
How to Confirm Dividend Credit in Your Bank Account
Seeing the dividend in the Groww app is one thing; confirming the cash is in your bank is the final step.
- Check Your Bank Statement: Log in to the net banking or mobile app of the bank account you linked with Groww. Look for a credit transaction around the time mentioned in the app. The description will typically include the company’s name and the word “DIVIDEND” or “DIV.”
- Check Consolidated Account Statement (CAS): For an official record, you can download your CAS from the CDSL or NSDL websites (the depositories). This statement will list all dividend credits across all your holdings.
Alternative Way to Track Dividends
For complete verification, you can also check the official source.
- Visit NSE/BSE Websites: Go to the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE) website, search for the stock, and look under “Corporate Announcements” or “Dividends.” This will show you the original announcement from the company.
Common Issues or Delays with Dividends
If you were expecting a dividend but haven’t received it, here are the most common reasons:
- You Didn’t Hold the Stock on Record Date: This is the most common reason. You must have owned the shares before the company’s official “record date.” If you bought the shares even one day after the record date, you are not eligible for that dividend.
- Processing Time: It can take 30 to 45 days after the record date for the dividend to be processed and credited to your bank account. Please be patient.
- Bank Account Issues: In rare cases, there might be a problem with your linked bank account. Ensure your details are updated in your Groww profile.
Frequently Asked Questions (FAQs)
Q1: Does Groww automatically credit dividends to my bank?
Yes, absolutely. Groww automatically credits all dividends to the primary bank account linked to your demat account. You don’t need to make any request.
Q2: How long does it take to receive dividends in Groww?
Typically, it takes between 30 to 45 days from the company’s record date for the dividend to be reflected in your bank account.
Q3: Can I see old dividend history in Groww?
Yes, you can. By following the steps above and going to the ‘Corporate Actions’ or ‘Events’ section for a stock, you can see its complete history of past dividends.
Q4: What should I do if I didn’t receive a dividend?
First, confirm you held the stock on the record date. If you did, check if 30-45 days have passed since that date. If it’s still missing, you can contact Groww customer support for assistance.
Q5: Are dividends taxed in India?
Yes, dividends are taxable as “Income from Other Sources” under the new tax regime. The company does not deduct TDS on dividends, so you must declare and pay tax on them when you file your ITR.
Conclusion
Tracking your dividend received in Groww is a straightforward process that helps you stay on top of your investment income. Whether you use the mobile app to check your portfolio or research any company’s history, Groww provides all the information you need in a simple, user-friendly format. By regularly reviewing the ‘Corporate Actions’ section and confirming credits in your bank statement, you can effectively manage your dividends and enjoy the fruits of your investing journey.
