UPSTOX DEMAT ACCOUNT OPENING PROCESS STEP BY STEP

 

Upstox Account Opening Procedure

 

You can opt for Upstox account opening through the online & offline route. If your mobile number is linked to your Aadhar then you can open an account through an online route which is faster than offline mode.

 

If you don’t want to use your Aadhar as you don’t have an Aadhar registered mobile number then you can open your account via offline route. If you want to complete the online account opening process, then you can visit your nearest Aadhar Seva Kendra to get your aadhar number linked with mobile no.

Now let’s get started for the Upstox account opening. In this process, We will be looking at all the steps involved & all the possibilities for upstox account opening requirements.

First, you just need to signup for Upstox Account Opening. I have mentioned all the required documents & account opening charges below.

 

Upstox Online Account Opening Documents 

Here are the documents required to open an Upstox demat account. I’ll recommend keeping soft copies of all these documents ready before as you need to upload these mentioned documents for account opening. 

Pan Card

Aadhar Card

Your Signature

Your Passport Photo

Canceled Cheque (Personalized-Name Should Be Mentioned) or FrontPage of Passbook which you want to link to your Upstox account for fund transfer

Bank statement last 3 month- for F&O segments (Optional)

If you don’t have these documents ready don’t worry upstox allow you to upload documents later.

                                          

                     Online Upstox Account Opening Charges

^{·       Equity + F&O + Currency Derivatives segments = Choose from a plan of Rs 249 and get brokerage credit worth Rs 400. A plan of 499 and get brokerage credit worth Rs 1000. A plan of 999 and get brokerage credit worth Rs 2500.}

^{·   Only commodities segment = Choose from a plan of Rs 249 and get brokerage credit worth Rs 400. A plan of 499 and get brokerage credit worth Rs 1000. A plan of 999 and get brokerage credit worth Rs 2500.}

^{Monthly maintenance charge of Rs.25 (excluding GST) is applicable only on demat accounts. This will be charged at the end of every month.}
 

Currently, Upstox offering  free account opening in all segments so they don’t charge anything to open a demat account & Trading account.

To avail Upstox account opening offer you have to click on the upstox free account opening link in the given box. Your free account opening promo code will be applied automatically.

 

       Step By Step Process For Online Upstox Account Opening

 

You need to follow the 10 steps process to open upstox account online.

 

Open Upstox Account Online 10 minutes

 

1) upstox sign up

You need to Fill in Basic Details as your Email Id & Mobile No then click on Continue to Signup to 

open upstox account. Here is the upstox account opening link

2) Enter PAN Card Details

You need to Enter PAN Card Details & Date Of Birth.

3) Enter Bank account details

In this step, Your bank account details should be entered and upload personalized cancelled cheque or 6 months bank statements as proof

 

Next, Enter your bank account details like IFSC Code, Bank Account Number, and select Account Type ( Savings or Current)

 

Upstox will do a small transfer to verify the bank account.

 

Optionally, you can also upload a scanned copy of your Bank Statement or Cancelled Cheque.

4) Enter KYC Details

Now you need to fill required KYC details with Upstox as Your  Gender, Political affiliation, Marital Status & Trading Experience & etc.

 

5) Pick Trading Segment

Now you need to select the trading segment according to your needs.

6) Pay Upstox Account Opening Charges

Now you have to pay for Upstox account opening charges or skip this process as Upstox also allows pay later facility so account opening charges will directly debit when your account is opened. 

7) Select Brokerage Plan

If you want a high margin you can choose Priority Plan Otherwise you can continue with Basic Plan. The brokerage rates are per trade for Intraday Equity, F&O, Currencies & Commodities Rs. 20 or 0.01%, whichever is lower.

8) Upload Upstox Account Opening Documents

You need to upload all required documents for the account opening as mentioned above. You can also skip the IPV process & continue

9) Signing Form

Now you need to Sign account opening form, You have 2 options.

You can either sign digitally using aadhar in case of an online account opening process. If you choose the first option for Aadhar E-Sign you can open your account instantly fully online.

10)  Confirm your mail id by getting an OTP and enter it.

11) Aadhar Esign

     

If you opt for Online Aadhar digitally sign, then the Digio page will pop up for E-Signing. You will receive an OTP in your aadhar registered mobile no, now you need to enter it.

Now you need to E-Sign your Upstox account opening form through Aadhar separately for Equity & Commodity Segments.

12) Application Status

If you have applied for opening an account & submitted your application. You will receive an ID & Password after scrutiny, Upstox account activation usually takes less than 24 working hours.

13) Courier POA (Optional)

In Upstox you don’t need to send a Power of Attorney (POA) for account opening. Only in the case of transaction above 20 Lakh or you need to sell mutual fund then you need to submit otherwise it’s not needed.

 

Upstox Team

Authorised Partner