How to Cancel SIP in Groww App

Canceling a Systematic Investment Plan (SIP) on the Groww app can seem daunting, but with this guide, you'll find the process straightforward. Below are the steps to effectively cancel your SIP, ensuring that you manage your investments as per your requirements.

Step 1: Open the Groww App
First, ensure that you have the Groww app installed on your smartphone. Open the app and log in with your credentials. If you don’t have the app, download it from your device’s app store and sign up.

Step 2: Navigate to the 'Investments' Tab
Once logged in, look for the 'Investments' tab on the homepage. This section will show all your current investments, including SIPs.

Step 3: Select 'SIP' from Your Investments
Within the 'Investments' tab, you’ll see a list of various investment options. Tap on the SIP you wish to cancel. This will take you to the details page for that specific SIP.

Step 4: Access SIP Details
On the SIP details page, review the information related to the SIP. Here, you should see an option to 'Manage SIP' or 'Edit SIP'. Click on this option.

Step 5: Choose 'Cancel SIP'
In the 'Manage SIP' section, look for the 'Cancel SIP' button. This option is usually located at the bottom or in a drop-down menu. Tap on it to proceed with the cancellation process.

Step 6: Confirm Cancellation
You will be prompted to confirm the cancellation. Review any terms and conditions or notices provided. Confirm your decision to cancel the SIP by following the on-screen instructions.

Step 7: Verify Cancellation
After confirming, you should receive a notification or email confirming that your SIP has been successfully canceled. It’s important to verify this to ensure that the process was completed correctly.

Step 8: Check Your Investment Portfolio
Return to the 'Investments' tab to check that the SIP no longer appears in your list. This confirms that the cancellation was processed.

Additional Tips:

• Timing: Ensure you cancel your SIP before the next installment date to avoid any further deductions.
• Contact Support: If you face any issues or do not receive a confirmation, contact Groww’s customer support for assistance.
• Review Terms: Some SIPs might have specific terms for cancellation. It’s a good idea to review these terms beforehand.

By following these steps, you can effectively manage your SIPs on the Groww app, giving you control over your investments.