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
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
Labels: Upstox Latest Updates
