Groww 'Fraud' Viral Post: Man Accuses Groww App of Cheating by Not Making Investment Despite Generating Folio Number, Company Responds
The user claimed that the Groww app generates folio numbers and shows investments that don't exist with the AMC. "Investor places redemption request, it fails," the tweet read. The user also alleged that Groww tried to remove the redemption request entries from their systems to generate more investment.
A viral post by a user on X is allegedly claiming fraud and cheating by the Groww app in the name of investment. Taking to the microblogging site, a user accused the Groww app, a stock broking app, of cheating people by not making investments despite generating folio numbers. The user claimed that the Groww app generates folio numbers and shows investments that don't exist with the AMC. "Investor places redemption request, it fails," the tweet read. The user also alleged that Groww tried to remove the redemption request entries from their systems to generate more investment. The user made these claims after sharing screenshots of people who experience the "fraud" while using the Groww app. After the post went viral, Groww responded and said they were in touch with the customer "for any support required". Groww Receives Principle Authorisation From Reserve Bank of India To Operate As Payment Aggregator.
Investor Places Redemption Request, It Fails, Claims User
Groww Responds to Alleged "Fraud" Claim
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