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Upstox Account Opening
Stock Brokers

Upstox Account Opening Process 2023: Step By Step Process

By FinFormula January 18, 2023 16 Mins Read
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Upstox Discount Broker Review 2023

Customer Service
Mobile App
Trading Platform
Brokerage Charges
Types of Investment

Summary

Upstox is the best broker in India offering Free delivery trading, Investment and intraday, Future & Options, Commodity, and currency trading at flat Rs. 20/per order brokerage through Upstox Pro and Web Platform

4.4

Are you in Hurry! Don’t have time to read full article. Checkout the Quick Overview of Upstox Demat Account

Contents

UPSTOX ONLINE ACCOUNT OPENING

Want to know about Upstox account opening process. Upstox Online account opening charges, procedures, fees, forms, and much more.

Upstox Account Opening (2022)

Trusted By Mr.Ratan Tata

  • Rs.0 Investments
  • Rs.0 Free Equity Delivery
  • Rs.0 Free Direct Mutual funds
  • Rs.20 Intraday and F&O
  • Open 3 in 1 Account for FREE
  • 40 lakh+ Happy investors
  • Easy, fast & simple interface
OPEN FREE ACCOUNT

About Upstox

Upstox is one of the most reliable and the biggest stock-broker in India with over 900k clients.

Upstox is an RKSV Securities Private Limited. Incorporated in the year 2009, RKSV Securities is a Mumbai based online Stock broker company. Upstox is backed by top investors like Ratan Tata and Kalaari Capital.

If you’re looking forward to opening Upstox Demat Account and trading account with a reliable stockbroker that charges very low brokerage and contains a superb trading platform.

You can open your Upstox Demat Account online by using Aadhaar Card and mobile number OTP in just 10-15 minutes. You can open a paperless your Upstox account online if your Aadhar card is linked with a mobile number.

Upstox provides one of all the lowest brokerage charges and user-friendly trading platforms among all discount brokers in India.

Zero Brokerage on Delivery

Benefits Of Account Opening with Upstox

Upstox Account Opening benefits

Upstox Account Opening Benefits

Futures and Options
Commodity Derivatives
Currency Derivatives
Stocks & IPOs
Direct Mutual Funds
Bonds and Govt. Securities


Why Upstox Is Good?

Why Upstox is Good

Upstox Account Opening Procedure

Upstox Demat Account Opening Process is too easy and Fast. Upstox provides you the following two ways to open Demat Account

Upstox Account Opening through Online Process (Upstox 3-in-1 account opening online)

Upstox Account Opening through Offline Process

Open Paperless Upstox Account


Upstox Demat Account Opening Documents Required

To open Upstox Demat account, you would need the following documents

Upstox account opening requirements

  • PAN card
  • Aadhaar Card (For online account opening)
  • Copy of your signature proof
  • Cancelled cheque or Bank statement
  • Income proof (Latest Salary Slips, Bank Statement, Form-16, ITR, etc)

Note:- Income proof is only required only if you want to trade in Futures & Options. It is not compulsory If you want to do other types of trading.

Also Read: How to Open Demat & Trading Account in Fyers


Upstox Account Opening and AMC Charges

If you want to open a new Demat account with Upstox Broker, You have to pay Demat account opening charges. The broker also charges Annual Maintenance Charges (AMC), and a yearly fee to maintain the Demat account.

Upstox Demat and Trading Account Opening Charges

Type Of Service

  • Demat Account Opening Fee

Charges

  • Free For Limited Time

Type Of Service

  • Demat Account Annual Maintenance Charges (AMC Charges)

Charges

  • Rs.300

How to Open Upstox Account Opening Step by Step Process

Here you will find a link for a desktop platform as well as a mobile platform.

So, if you are reading this on Mobile or Desktop, you can choose according to it.

The account Opening procedure is simple, just that two different links will open.


Step 1: Visit Official Upstox.com App

Just click on below link to redirect on Registration page for opening an account,

Open Paperless Account
Upstox Account Opening Online Process


Step 2: Enter Email Address and Mobile No.

Enter Your Upstox Email Address and Phone Number

Next Step is to enter your details like, enter your email and your mobile number and click on Send one-time password.

One time password will be sent to your mobile, copy the one time password here and click on Sign Up.


Step 3: Enter Your Pan Card & Date Of Birth

Enter Your PAN Card Details for Opening Upstox Account

The next step is to enter your Pan Details and Enter your Date of Birth and click on next.

Also Read: How to Open Demat & Trading Account in Zerodha


Step 4: Enter Your Personal Details

 

Then you will have to enter some personal information and that information like what is your gender, marital status, annual income?

See also  🤔💰📈 How to Open FD Account On Groww? (March 2023) 💻📉🏦

What is your experience with trading?

Are you a politically exposed person?

So if you are somehow related to politics, you can click Yes, otherwise you can click No.

And what is your occupation?

And lastly, Is your country of Tax Residency other than India Well in our case it is not.

I accept the above declaration and click next.


Step 5: Enter Your Trading Preference

Now you have to set your trading preferences.

Also Read: How to Open Demat & Trading Account in Aashtha Trade


Step 6: Which Segment You want to Invest


You are going to decide on which segment you want to open your account.

Now, this whole process has to be repeated if you don’t select all the segments right
now there are three segments available Equity, futures and options, currency and commodity.

So let’s say you just select equity right now and if you will, further down the line, want to trade in derivatives or commodities, you will have to do the whole process again.


Step 7: Choose Your Upstox Plan


Then we decide on which plan we want to select in Priority plan. You are getting 27 times leverage. It is mentioned there and if you are using the basic plan, you are getting 20 times leverage. But the brokerage for Priority plan is 30 per trade, whereas for the basic plan it is 20 per trade.

So I will prefer to go with the basic plan and then I will click on next.


Step 8: Upstox Freebies Offers


Then Upstox will keep surprising you with some freebies here they are saying if
you want a free stock and if you want you can just click Yes.

Also Read: How to Open Demat & Trading Account in Aliceblue


Step 9: Enter Your Bank Details


The next step is to enter your bank details. select the account type and click next


Step 10: Upload Your Signature And Income Proof


Need to upload your specimen signature and your income proof.

Here, You need to upload the last six months of Bank Statement. If your PDF is password protected, it will ask for a password that will unlock the PDF. So enter that password here. The password will be provided to you by your bank. Enter your full name and click on next.


Step 11: Upload Your Selfie


Next step is to upload your photo and in this case, you will be asked to take a selfie.
So do that and then share your location and then click on next.


Step 12: Confirm Your Email Address


Then enter your email address and click on Get OTP because you have to confirm your email address here. Enter the one-time password that you receive in your email and click next.


Step 13: Pay Your Account Opening Fee


Now there is a limited time account opening offer where you just have to pay Rs 249. Just click on pay now.


Step 14: Enter Mobile Number Which Links with Your Aadhaar


Then it is asking you, do you have a mobile number that is linked with your Aadhaar card click on Yes and then continue next. (Now make the payment)


Step 15: E-Sign Process on Upstox


Now we have to sign our application if you want to do this process completely online.


Step 16: E-Sign Using Aadhaar


Click on the E sign with Aadhaar OTP. The next step is to E sign your form using your Aadhaar number.

So, Click on the E-sign now and enter your Aadhaar number. So enter Aadhaar number and click send OTP and OTP will be sent to your account enter the OTP here. Click on Verify OTP.

So, That’s it. The E signing process will complete with this step.


Upstox usually takes one to two days to verify your details and open your account with upstox.

Your account application is submitted and your account will be activated as soon as all the documents and all the forms that you have submitted will be verified by upstox.

In the meanwhile, you can start by downloading Upstox app. You can download the app directly from here.

So this concludes your account opening procedure with Upstox.

One Platform for Multiple Investment Opportunities

Best Online platform to invest in Stocks, Mutual funds, Derivatives, Digital Gold, IPO’s, Future and Options and much more

OPEN YOUR ACCOUNT

Upstox Trading Plan

When a user registers with the broker, they can choose between two different types of accounts, each of which will suit their needs. There are two sorts of accounts:

1) Upstox Basic

This is the base of everything. It only provides basic Equity Delivery trading features. It’s available on both mobile and the web.

See also  (Get Lifetime Free Demat Account) Fyers Demat Account Opening Process 2022: Step By Step Process

2) Upstox Priority Plan

This account comes with a number of choices. It costs Rs.20 to obtain. Stock analysis, search, trade, and monitoring of stocks, commodities, currencies, and futures and options are all available through this account.

It also has extensive charting capabilities for technical analysis. Professional traders use it because it includes a large number of chart kinds and indicators, as well as a data-rich user interface.

Upstox is currently a member of NSE, BSE, MCX and MCX-SX and allows you to trade:

  • Equity
  • Futures
  • Options
  • Currency
  • Commodity

Single Platform for Your Multiple Investment Opportunities

Open Your All In One Demat Account

1) Upstox Account for Stock Market

Upstox Account for Stock Market

2) Upstox Account for Mutual Fund

Upstox Account for Mutual Fund

3) Upstox Account for Digital Gold

Upstox Account for Digital Gold

4) Upstox Account for IPO

Upstox Account for IPO

5) Upstox Account for Future and Options

Upstox Account for Future and Options

Upstox Trading Platforms

The broker firm is multifaceted, with three trading platforms. The firm’s services are available via the web, mobile, and desktop. Upstox is the RKSV’s trading platform. It was created by RKSV’s in-house staff. Analysis, charting, trading, and other content-rich capabilities are available on the platform.

Upstox’s team of qualified and competent engineers built the entire platform. It was created at the company’s headquarters in the Sunshine Tower.

1) The Upstox Pro Web

People are going to online trading since the times have changed. There has been an increase in the number of people who have turned to online trade, and the Upstox website has been transformed into a tool to cope with this. Now, the website is a more complex and cutting-edge instrument that calculates and places trades at a rapid rate in response to the live market’s activity. The website or browser is incredibly user-friendly, as well as being quite light. The term “lightweight” refers to the fact that it can be accessed in a variety of ways. A laptop, desktop, or any other form of media can be used to visit the website. One of the benefits is that you don’t have to download any software to use it.

2) Mobile platform application

The application is simple to use; users simply need to download and instal it on their phones, following which they can easily create a trading account. They can begin trading after the account has been created. There’s also a no-login option in the app. The app is fantastic since it allows users to simply search for stocks, obtain access to all NSE cash, futures, currencies, and options, and provide cutting-edge charting capabilities, among other things.

3) Desktop platform

Upstox becomes the official trading terminal of any broker because it includes the NSET tool, which is based on the Omnisys NEST function. Advanced trading charts, user portfolios, fund transfers, margin reporting, multi-monitor support, customised shortcuts, and interfaces are also available.


Upstox Brokerage Fee

Upstox Brokerage Fee on Equity 2023

Upstox ChargesEQUITY (Intraday)EQUITY (Delivery)
Upstox Basic BrokerageNot Applicable₹0
Upstox Pro Brokerage₹20/Trade₹0
STT0.025% on the Sell Side0.1% on both Buy and Sell
Transaction / Turnover Charges₹350/crore₹350/crore
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹15/Crore₹15/Crore
Stamp DutyBased on the stateBased on the state

Upstox Brokerage Fee on Future & Options 2023

Upstox ChargesFuturesOptions
Upstox Basic BrokerageNot ApplicableNot Applicable
Upstox Pro Brokerage₹20/Trade₹20/trade
STT0.017% on Sell Side0.017% on Sell Side(on Premium)
Transaction / Turnover Charges₹210/crore₹5500/crore on premium turnover
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹15/Crore₹15/Crore
Stamp ChargesBased on the stateBased on the state

Upstox Brokerage Fee on Currency 2023

Upstox ChargesCurrency FuturesCurrency Options
Upstox Basic BrokerageNot ApplicableNot Applicable
Upstox Pro Brokerage₹20/Trade₹20/trade
STTNo STTNo STT
Transaction / Turnover Charges₹155/crore₹6000/crore on a premium turnover
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹15/Crore₹15/Crore
Stamp ChargesBased on the stateBased on the state

Upstox Brokerage Fee on Commodity 2023

Upstox ChargesCommodity (Futures)
Upstox Basic BrokerageNot Applicable
Upstox Pro Brokerage₹20/Trade
CTT0.01% only on the Sell side
Transaction / Turnover Charges₹260/crore (₹210 Transaction + ₹50 Clearing Charges)
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge
SEBI Charges₹15
Stamp Charges₹100/Crore

Upstox Exposure or Leverage

Here you will find all the exposure or limit provided by Upstox 
How much is the limit on Equity Delivery?Upto 5x
What is the limit on Equity Intraday?Upto 20x
How much is the limit on Equity Futures?Upto 7x
What is the limit on Commodity Trading?Upto 7x
What is the exposure on Currency Futures?Upto 5x
How much is the leverage on Currency Options?Upto 6x
What is the limit on Equity Options?Upto 8x

How to Open Upstox Account Offline

If you don’t have an Aadhar Card linked with your phone number, you can open a Upstox account by filling a paper form.

See also  (A to Z) Stock Charts and Their Importance in Understanding the Stock Market

Step 1:- First of all Visit -> www.upstox.com

Step 2:- On the top menu, Go to Support ->Download Forms

Step 3:- Just Click on Demat & Trading Account

Step 4:- Take a Print out, fill and sign the form.

Step 5:- Attach all the required documents to the form

Step 6:- Just Send the all documents and form to the address given below of the article. You can also Call upstox support to arrange for free drop and pickup of paper form.


Who is the Owner Of Upstox

Upstox’s co-founder and CEO is now Ravi Kumar. Upstox, situated in Mumbai, is a major fintech brokerage firm. Ravi has been trading stocks since he was 16 years old. Upstox has grown significantly in the last year under Ravi’s guidance, more than doubling its client base.

Ravi Kumar graduated from the University of California, Irvine, with a bachelor’s degree in computer science. With his brother, he created algorithmic high-frequency trading funds in Chicago. He’s been interested in trading and the stock market since he was a teenager.

Ravi Kumar recognised India as a promising and emerging market in stocks after the recession in the United States in 2010. With his brother Raghu Kumar and Shrini Viswanath, he co-founded RKSV with this goal in mind.

RKSV Securities was founded in 2011 by the founders and co-founders of RKSV as an easier trading platform with minimal brokerage. Their goal was to make software trading available to all Indian citizens so they could begin trading and investing in the stock market. They changed their name from RKSV Securities to Upstox in 2016.


Upstox Brokerage Calculator

Check Now

Upstox Margin Calculator

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Frequently Asked Question (Upstox)

Is Upstox a reliable stockbroker?

Upstox has more than 6 lakh active traders and is backed by big names like Kalaari Capital, GVK Davix and Ratan Tata. So you don’t need to worry about safety. These numbers clearly speak volumes about the safety and reliability of Upstox trading platform, and this is why we decided to start trading on Upstox almost two years ago.

In my opinion, the key factor that differentiates Upstox from its competitor is its cutting-edge perfect trading platform, which provides a perfect experience to traders, whether they are beginners or fully experts.

What is Demat & Trading Account?

Demat account, also known as dematerialisation account, is an account used to keep shares purchased on the stock market in an electronic form. In the stock market, a Trading Account is used to buy and sell shares.
Everyone should have a Demat account and a bank account in today’s environment. Even if you have no prior knowledge of the stock market, you can learn about it in real time and invest and trade.

Where Should I Open Demat Account ?

There are several stock brokers in India, but we strongly advise you to go with Upstox because they have over 2 million clients around the country, offer excellent services and trading platforms, and provide excellent customer service.

How much Initial Funding Required to Start Trading and Investing?

It is, however, completely free to open an account. There is no requirement for initial funding. To begin trading, you can start with as little as INR 100. Once you’ve honed your stock market talents, you’ll be able to invest larger sums.

Is Upstox a safe platform?

YES. 100% I’ve been using UPSTOX since 2019 and have never had a problem. It is relatively simple to transfer money into and out of a trading account. In contrast trading or commodity, F & O, delivery charges are heel, but brokerage in contrast trading or commodity, F & O, is limited to a maximum of 20Rs.
They do not, however, allow you to buy or trade certain stocks. Also, from time to time, block certain order types and lower leverage, but the main goal is to minimise your losses. One of UPSTOX’s investors is Ratan Tata. Trading via the app, terminal, and web is simple and quick.

Is Upstox safe for a long-term investment of shares?

Yes. Upstox is a very safe place to invest in long-term shares, and the Upstox platform is also highly safe. All of your information is kept safe and secure. They’ve been on the market for well over a decade. As a result, it demonstrates that they are a secure platform for these types of investments. They also offer free delivery trading and low brokerage fees, so you can save a lot of money.

How can I earn money with Upstox?

Upstox offers a Partner Program via which you can become a sub-broker and begin recommending consumers from your network and beyond, earning commissions on their trades. In this programme, you can earn money in two ways: Profit from a percentage of the brokerage fees paid by your referrals. Earn referral bonuses when they sign up for an Upstox account.

What Type of Documents are Required to Open Demat Account?

Aadhaar Card, PAN Card, Bank Proof [(Cancelled Cheque, Passbook, Statement, (any one of them)] Signatures, Your latest photograph.

Who can open Demat account?

Any Individual who have attained the age of 18+ can open Demat account with Upstox, You can be a Student, Freelancer, Salaried Person, Self Employed, Professional Service provider, Housewife or Retired Person.

How much time it will take to open a Demat Account?

Mostly the account opening process is completely based online and paperless, you can open your demat account instantly with Aadhaar Card & PAN Card, However it may take Upto 24 Hrs – 48 Hrs to process your application.

Is it safe to Open Demat Account?

Yes..! Its 100% safe to Open Demat Account with any of the SEBI registered broker, Your Data will be kept Secured with them. You Can always Open Demat Account with Trusted Stock Broker Upstox

Upstox Contact Support

You can directly in touch with Upstox for any queries or problems

Upstox Contact Number: 022-6130-9999, 022-4179-2999, 022-7130-9999

Upstox Support Email Address: support@upstox.com

Upstox Head Office Address: Upstox, 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013

Originally posted 2022-01-08 18:13:48.

Summary
Reviewer
FinFormula
Review Date
2023-01-18
Reviewed Item
Upstox
Author Rating
51star1star1star1star1star
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Author FinFormula

I am a finance professional with years of experience in the industry. My mission is to make personal finance accessible to everyone and help individuals make informed decisions about their money. Through my blog, I share my knowledge and insights on topics ranging from saving and investing to retirement planning and beyond. Whether you're just starting out or well on your way to financial independence, I'm here to provide guidance and support every step of the way.

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