Upstox Account Opening Process 2023: Step By Step Process

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UPSTOX ONLINE ACCOUNT OPENING

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

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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.

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Benefits Of Account Opening with Upstox

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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

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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

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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

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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.

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Step 1: Visit Official Upstox.com App

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

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Step 2: Enter Email Address and Mobile No.

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.

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Step 3: Enter Your Pan Card & Date Of Birth

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

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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?

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.

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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

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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.

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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.

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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

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Step 9: Enter Your Bank Details

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

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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.

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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.

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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.

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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.

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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)

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Step 15: E-Sign Process on Upstox

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

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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.

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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.

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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.

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

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Single Platform for Your Multiple Investment Opportunities

1) Upstox Account for Stock Market

2) Upstox Account for Mutual Fund

3) Upstox Account for Digital Gold

4) Upstox Account for IPO

5) Upstox Account for Future and Options

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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.

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Upstox Brokerage Fee

Upstox Brokerage Fee on Equity 2023

Upstox Charges	EQUITY (Intraday)	EQUITY (Delivery)
Upstox Basic Brokerage	Not Applicable	₹0
Upstox Pro Brokerage	₹20/Trade	₹0
STT	0.025% on the Sell Side	0.1% on both Buy and Sell
Transaction / Turnover Charges	₹350/crore	₹350/crore
Goods and Services Tax (GST)	18% on Brokerage + Transaction Charge	18% on Brokerage + Transaction Charge
SEBI Charges	₹15/Crore	₹15/Crore
Stamp Duty	Based on the state	Based on the state

Upstox Brokerage Fee on Future & Options 2023

Upstox Charges	Futures	Options
Upstox Basic Brokerage	Not Applicable	Not Applicable
Upstox Pro Brokerage	₹20/Trade	₹20/trade
STT	0.017% on Sell Side	0.017% on Sell Side(on Premium)
Transaction / Turnover Charges	₹210/crore	₹5500/crore on premium turnover
Goods and Services Tax (GST)	18% on Brokerage + Transaction Charge	18% on Brokerage + Transaction Charge
SEBI Charges	₹15/Crore	₹15/Crore
Stamp Charges	Based on the state	Based on the state

Upstox Brokerage Fee on Currency 2023

Upstox Charges	Currency Futures	Currency Options
Upstox Basic Brokerage	Not Applicable	Not Applicable
Upstox Pro Brokerage	₹20/Trade	₹20/trade
STT	No STT	No STT
Transaction / Turnover Charges	₹155/crore	₹6000/crore on a premium turnover
Goods and Services Tax (GST)	18% on Brokerage + Transaction Charge	18% on Brokerage + Transaction Charge
SEBI Charges	₹15/Crore	₹15/Crore
Stamp Charges	Based on the state	Based on the state

Upstox Brokerage Fee on Commodity 2023

Upstox Charges	Commodity (Futures)
Upstox Basic Brokerage	Not Applicable
Upstox Pro Brokerage	₹20/Trade
CTT	0.01% 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

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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

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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.

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.

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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.

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Frequently Asked Question (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.