Upstox Demat Account Overview
Upstox is one of the most reliable and fastest-growing Discount Brokers in India with a fast and easy to use trading platform and paperless Demat account opening.
Quick Tip – If you have your aadhaar handy, Upstox Account Opening is Super Simple. Just click on this direct link for Upstox Account Opening
Opening a Demat Account with Upstox is Aadhaar based. Post verification of documents, it takes 12 – 24 hrs to open an account
Once you open Upstox Demat Account, you can instantly avail of FREE Benefits like
- Demat and Trading Account
- Free Equity Delivery Trades
- Unlimited Brokerage Credit with 30 Days Validity
Upstox Demat Account Products
Different Products of Upstox Demat Account are –
- Upstox Pro Web is a web-based application for executing trades or buying or selling shares and mutual funds.
- Upstox Pro Mobile – Upstox also has a mobile-based application named Pro Mobile to buy and sell shares on mobile.
- Upstox Mutual Fund application helps you invest in Mutual Funds from the Upstox Demat Account.
- Keystone Upstox is the back office portal of Upstox. It allows you to view your trading activity since you joined Upstox.
Upstox gives a personalized experience to its customers with various trading products for web or mobile-based customers.
Click Here to Open Upstox Demat Account
Opening an online Demat Account with Upstox is an easy, fast, and paperless process. You only need Aadhaar and access to a phone number that is registered with Aadhaar. You don’t require to courier Power Of Attorney(POA) forms unless you trade above 10 lakhs rupees.
All you have to do is Fill out the Upstox Demat Account Opening form and upload the necessary documentation.
There is also an offline process to open Upstox Demat Account.
Let’s now look at the Upstox Demat Account Opening Charges, Upstox Brokerage, and step by step guide to open Upstox Demat Account Online and Offline.
Upstox charges are as follows
- Upstox Account Opening Charges – 199 + GST
- Upstox Brokerage Charges – ₹20 per order on Equity, F&O, Commodity and Currency
- Upstox AMC Charges – 12Rs /mo
- STT Charges – 0.0126% of total turnover.
- Stamp Duty: 0.002%- 0.004% on buy and sell sides
- Goods and Services Tax (GST): 18% of the total cost of brokerage + transaction charges.
- SEBI Turnover Fees: 0.0002% of total turnover
Upstox Charges for Demat Account Opening
Upstox Demat Account Opening charges are Rs 199 +GST.
Upstox always offers Upstox Coupon Code so that you can open a FREE Upstox Demat Account
Upstox Charges for AMC
Account Maintenance charges of Upstox Demat Account are Rs 150/ year, which will be charged at the end of every month.
These charges will be debited from your Trading and Demat Account account
|Account Opening Charges||free|
|Demat AMC Charges||Rs. 150 per year|
|Trading AMC Charges||Free|
Other Upstox Charges
Other Upstox Charges are
- Call & Trade Upstox Charges : Rs 20 per executed order for Call & Trade option.
- Physical contract notes Upstox Charges: Rs 25 per contract note plus courier charges. (Digital contract notes are free.)
- Instant Money Transfer Fee Upstox Charges: Rs 7 per transfer for instant money transfer.
Upstox Brokerage Charges
Upstox Brokerage Charges is ZERO for equity delivery trading. For equity intraday trades, Upstox brokerage charges are Rs. 20 per order or 0.05% (whichever is lower) for both buy and sell orders.
You can use the Upstox Brokerage Calculator to find Upstox Brokerage Charges expenditure in various segments.
|Upstox Charges||Equity Delivery||Equity Intraday||Equity Futures||Equity Options|
|Brokerage||Rs 20 per executed order or 2.5% (whichever is low)||Rs. 20 per executed order or 0.05% (whichever is lower)||Rs. 20 per executed order or 0.05% (whichever is lower)||Flat Rs. 20 per executed order.|
Upstox Margin is as per below Table
|Equity (Intraday)||5x times|
|Equity Future (Intraday)||1x times|
|Equity Option sell (Intraday)||1x times|
|Commodity Future (Intraday)||1x times|
|Commodity Option sell (Intraday)||1x times|
|Currency Future (Intraday)||1x times|
|Currency Option (Intraday)||1x times|
|BO & CO (Intraday)||upto 5x times|
Upstox Margin Calculator
You can also check the margin you have used while trading using
Use this Upstox Margin Calculator to calculate the Upstox margin and the total amount of extra shares that can be bought with the extra leverage provided by the stockbroker.
Upstox Demat Account Opening Process
Upstox provides the two ways to open a Demat Account – Online and Offline.
Opening a Upstox Demat Account online is a very easy, fast, and paperless process. Get your Aadhaar card and phone number associated with the Aadhaar, fill out the documents and upload.
In 12 – 24 hrs, you will have your Upstox Demat Account with you.
Documents for Upstox Demat Account Opening Process Online
Following is the list of the documents you will need to open the Upstox Demat Account Online
- Aadhaar Card linked with Mobile Number
- PAN Card
- Income Proof (depending on the segment you choose)
- Address Proof: Driving license/ Voter ID/ Aadhaar Card/ Passport/ Rent Agreement (Registered)/ Latest utility bill (which has the name of the account holder)
- Signature (on a blank paper)
- Your photograph.
- Optionally, you also can upload a personalized canceled cheque or 6 months Bank statement (Bank account number, MICR code, or IFSC code should be mentioned on the Cheque)
Before you start the Demat Account Opening process, please make sure to keep a scanned copy of these documents handy to upload online.
If your Aadhaar card and phone number are not linked, you won’t be able to open an account online.
In such a case, you will have to open Upstox Demat Account offline for futures & options, commodity, we need to provide income proof which is either 6 months bank statements or Signed salary slip or Income-tax returns an acknowledgement (ITR)/Form 16.
After arranging all the documents to open Upstox Account, click here to register the mobile number and enter OTP received on your mobile number. Then you need to enter your name as per pan and email id.
If your mobile number and email id are already registered then you have to enter a mobile number and one-time password(OTP) received on your number to continue the Upstox account opening process by uploading documents online.
Alternatively, follow the step by step guide to open the Upstox Demat Account online.
Step by Step Process to Open Upstox Demat Account Online
The Upstox Demat Account Opening online can be done within 10 minutes by following the simple steps shown below.
Step 1. Upstox Demat Account Sign in
To open a Upstox Account, click here on the signup link and enter your Email Id & Mobile Number then click on SEND OTP.
Submit the OTP received on your registered mobile number to sign up.
If you have already registered, you can click on sign in option to enter your mobile number and continue uploading documents.
Step 2. Enter PAN in Upstox Login
You need to enter PAN Card Number & Date Of Birth here and click on next to save and move for further step
Step 3. Enter KYC and Additional Details
Fill in required KYC details with Upstox Sign in and other details like
- Mother’s name
- Annual Income
- Political affiliation
- Marital Status & Trading Experience.
Step 4. Choose Segment and Upstox Brokerage Plan
Select the Segments and Upstox Brokerage plan you are interested in.
The segment should be either Equity, FO and Currency or Commodity
If you have a Upstox Coupon Code or Upstox Promo Code, apply them in the Code box to waive off Upstox charges
Step 5. Enter Bank account details
In this step, Your bank account details should be entered like IFSC Code, Bank Account Number, and select Account Type ( Savings or Current)
Upstox will do a small transfer to verify the bank account.
Step 6. Upload Signature and income proof
Make a signature on a white paper with blue or black ink as per PAN card and upload it here. Uploading Income proof is mandatory if you wish to trade-in commodities.
For trading into commodities, it is mandatory to upload your income proof
Step 7. Connect Digi-Locker With Upstox
In this step, you need to connect your Digilocker with Upstox.
Note: Your aadhar should be linked to your mobile number.
Step 8. Enter Address proof
Enter your address details as per details provided in the address proof document.
Upload Front and Back Side of Aadhaar card as asked.
Step 9. Upload PANCARD and Photo
Upload a scanned copy of your PAN card and upload or click a photo of yours and Click next to move to next step
Step 10. Confirm Email id
In this step, You need to enter your email id and enter the OTP received on your email id for confirmation.
Step 11. Complete IPV
If your PAN card is not KRA verified, you need to do an IPV (in-person verification) by holding PAN card and aadhar and record a video to complete Upstox Account Opening Process
Step 12. Opt For E-sign with Aadhar OTP
After entering the details, click on “E-sign with AAdhar OTP” and enter the code on the next pop-up.
If your aadhar is not linked with your mobile number, then Upstox will courier a pre-filled form to the address mentioned.
Sign on each paper in the form and Upstox will schedule a pick up of the form.
You will receive Client ID & Password after verification of your documents.
Step 13. E-sign with Aadhar
The Digio page will pop-up for E-Signing when you opt for Online Esign. You need to enter the OTP which is received on your mobile number.
Next, enter your Aadhar card number and enter the OTP received on aadhar registered mobile number and E-Sign your Upstox account opening form through Aadhar
You will receive Client ID & Password after inspecting your documents. Upstox account opening takes less than 24 working hours if completed online and it takes 7 days to get activated if couriered offline forms.
Now you are all done with the Upstox account opening process-Online.
Also, read – How to make Upstox Login to Trading Platform for trading and investing
Upstox Demat Account Opening Offline Process
To open Upstox account offline, you need to register in Upstox first by clicking here and complete account opening process by uploading documents till step 10 shown above. You need to click on “send me the courier” to get pre-filled forms.
The pre-filled forms will be couriered to your address. You have to make signatures and affix a passport size photo on it. Upstox will schedule a pickup of the signed forms 2 days after delivery.
For blank forms, you need to register in Upstox by clicking here and download equity and commodity forms by clicking here as shown in the photo below.
Take a printout of it, fill the form, and make a signature on it.
Attach all the documents required to Open Upstox Account and courier it to Upstox head office address.
You will receive an IPV link to your email id, to complete IPV as shown in step 12.
Your Upstox Demat Account account will be opened within 7 business days of the day you have couriered the offline forms.
Upstox Coupon Code and Offers for Demat Account
We have a Upstox Coupon Code for our viewers so that you can open a Upstox Demat account for free. Check out Upstox Coupon Code.
Additionally, Upstox keeps bringing new offers from time to time for new Demat account opening with free brokerage coupon codes.
To get the Upstox Coupon code, check Upstox Coupon Code and account opening Offers
Upstox Customer Care
Upstox Customer Support Number – 02261309999 or 1800-200-5225
Upstox Customer care Email id – email@example.com
Conclusion – Open Upstox Demat Account | Features and Benefits
Upstox has a user-friendly and easy to use interface for both web and mobile users and has minimal Upstox Brokerage Charges. The account opening charges are low and the charges can be waived off using the Upstox Coupon code.
Upstox has low account maintenance charges and so you will not be losing money even if you buy or sell shares every day for short term investments
Various products from Upstox like Upstox Mutual Fund, Upstox pro helps you to buy and sell shares and mutual funds using an Upstox Demat account. You also can buy an IPO using a Upstox account.
Thus, you do not need separate applications to execute your Demat account orders. Using one single console, you can perform multiple stock market-related activities within the stock market timings.
Looking at the above features and benefits, Upstox is definitely amongst the best discount brokers in India and you should try to open a Upstox Demat Account.
Check out our Upstox Review post where we did a review of Upstox Demat Account and Upstox vs Zerodha post to choose the best discount broker and open Demat Account
Questions Upstox Demat Account
Is Upstox Demat Account Opening FREE?
Yes, Upstox Account Opening is FREE with Upstox Coupon Code. Use the Coupon Code and get Rs 400 as Brokerage Credit.
How do I open a Upstox Account Online?
You can easily open Upstox Demat Account by using the link provided here and follow the step by step process we have described above
How is Upstox for trading?
Upstox has low brokerage charges, low account maintenance fees, and a great easy to use UI with charts and graphs that make it a great platform to trade. Check out our review of Upstox Trading Platform here.
Is Upstox Demat Account Safe ?
Upstox is one of the largest stockbrokers in India with over 10 lakh clients and has big investors like Ratan Tata and Kalari capital Invested in it. It is SEBI regulated and thus opening a Upstox Demat Account is very safe
What are Upstox Brokerage Charges?
Upstox Brokerage charges are Rs 0 for Equity Delivery trades and Rs 20 or 0.05%, whichever is lower for Intraday trades. For Options trading, Upstox Brokerage charges are Rs 20 flat per order.
What is Upstox coupon code?
Upstox keeps launching new Promo offers and discount codes from time to time. We keep this Upstox Coupon Code page updated
How much time does it take to Open Upstox Demat Account?
To open Upstox Demat Account Online, it takes 12 – 24 hrs to open Upstox Demat Account, post successful documents submission, and esign with Aadhaar.
For the Offline process, the upstox Demat account gets activated up to 7 business days.
CONTACT US TO OPEN DEMAT ACCOUNT
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