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How to Open Upstox Demat and Trading Account Online| Key Steps, Charges

Upstox Account Opening (Step by Step process, charges, AMC, More)

Discount Broker·NSE, BSE, MCX

4.5/ 5 by InvestorGain Team Rate

Upstox is a great broker for experienced traders seeking low brokerage trading (Rs 20/order) with advanced trading tools and features offered on the Upstox Pro app. Upstox is also good for new investors, looking for zero-cost entry with easy-to-use platforms like the Upstox App, designed for investors.

Open Free Account

₹Free

A/C Opening

₹Flat Fee Rs 20

Eq Delivery

₹0.05% or Rs 20

Futures

₹Flat Fee Rs 20

options

4.5★

Overall Rating

Open a zero-cost trading and demat account in Upstox. Yes, opening an account in Upstox is a straightforward, completely online process. Opening an Upstox account might be tricky, if you're new to investing. But with this comprehensive guide, you’ll find how simple it is. Walkthrough each steps to open Upstox demat account online, required documents, associated charges, with helpful tips.

Upstox Account Opening Charges

1. Upstox Demat account opening charges: ₹0 (Free)

2. Upstox Trading account opening charges: ₹0 (Free)

Upstox charges nothing on its trading account. Whether you want to open only equity trading account or want to activate commodity segment too, the charges are zero.

3. Upstox Demat account AMC (Annual maintenance charges)

Free for 1^st year: Upstox charges no AMC for the 1^st year of account opening.
Rs 300 + GST: Upstox AMC charge is ₹300 + GST, charged from 2^nd year onwards.
No AMC for BSDA account: Upstox charges no maintenance fee for basic service demat accounts (BSDA) with portfolio holdings up to Rs 4,00,000. And if the value of holding is from ₹400,001 to ₹10,00,000, the maintenance charge will be ₹100 + GST

4. Upstox Brokerage charges

Upstox charges maximum brokerage fee of ₹20 on each executed order in all segments – intraday, delivery, F&O, commodities, and currencies.
No brokerage on IPO and mutual funds investment.

How to Open Upstox Demat and Trading Account Online? (Step by Step Process)

Upstox Account is an integrated demat and trading account, required to trade and invest in the Indian stock market. Open free account in Upstox online, below are the steps:

1. Sign in to the Upstox App or Website

Access Upstox Pro app or website or head to the Upstox account opening page
Enter your mobile number and 6-digit OTP sent to the mentioned mobile number.
Add your email address and OTP to complete verification.

2. Personal Details

Marital status: Choose between single or Married.
Trading Experience: Select the relevant trading experience from dropdown list.
Occupation: Select your occupation - private sector, business, housewife, professional, public sector, etc.
Annual Income: Choose the relevant category, your annual income falls into.
Accept the declaration to continue.

3. Identity Verification – PAN Details

Enter your PAN card number and Date of birth as per PAN, and confirm.
Note: If your KYC is already registered, the system will automatically fetch your corresponding address, if correct, click on proceed to continue.

4. Verify Aadhaar and PAN card with DigiLocker

If you’re not KRA compliant, you need to complete KYC by linking your digilocker account to the Upstox account.

Enter your aadhaar card number, captcha code displayed on the screen, and click on Next.
Enter the OTP sent on the linked mobile number and click Continue.
Now, enter your 6-digit DigiLocker Security PIN and tap on continue. Do not remember, click on forgot security PIN and set up a new PIN.
Allow access to your Aadhaar card and PAN card to Upstox for KYC verification.

5. Take a Selfie for IPV (In-person verification)

Capture a live photograph of yourself using a web camera. Ensure your face is clearly visible in the selfie to complete in-person verification

6. Add Bank Details to your Upstox Account

You can add either a savings or a current bank account to transfer funds to your Upstox account. You have two options to add a bank account in Upstox:

Add bank account directly through UPI: UPI is a preferred, convenient, and faster way. Simply select UPI option – Continue securely with UPI – select the relevant UPI app (PhonePe, Google Pay, PayTM). It will redirect to the UPI app, enter PIN and Rs 1 will be deducted from your bank account for verification.
Add bank details manually: Enter bank account number, IFSC code, etc.

Once the bank account is added, tap on continue, and the page will show that your signature is required. You can either draw your signature in the box provided or upload a photo.

7. Active Segments in Upstox account

Upstox allows users to activate all trading and investing segments for free. Click on Activate all segments or click on Customize segments to select segments of your choice.

At Upstox, you can trade and invest in stocks, derivatives, currencies, commodities, IPO, mutual funds, and fixed income products.

8. Upload Documents

If you have selected all segments, particularly derivatives, you must upload an income proof –bank statement, ITR, salary slip, choose to upload any one.

Bank statement is the recommended option because you can simply select your bank account and allow access to automatically fetch your bank statement.

9. Add Nominee to your Upstox account

If you want to add a nominee, click on the Opt In option and enter following details:

Nominee name
Relationship with nominee
Nominee’s Date of birth.
Click on Continue.
Enter percentage, You can add up to 3 nominees.

10. E-sign your Upstox account opening application with Aadhaar

Your Upstox account opening form will be displayed on the screen.

Click on Sign Now option.
Accept the checkbox
Enter your Aadhaar card number and click on Send OTP
Provide the OTP sent to the registered mobile number.
Once done, it will show as Document Signed Successfully.

Tip: It may take 1-2 working days to open and activate your demat and trading account in Upstox. Upon activation, you’ll get a welcome email containing your login credentials.

Upstox Account Opening Documents

Get ready with the following documents to open an Upstox account:

PAN Card: Used for identity verification.
Aadhaar Card: For address verification. Ensure that your Aadhaar card is linked to your mobile number for OTP authentication.
Cancelled Cheque or Bank Statement: To verify bank account details. You can opt to verify bank account through UPI.
Photograph: Live selfie is taken during Upstox account opening process.
Income Proof: To activate the F&O and MCX segment. (You can do it while opening Upstox account or do it later after account opening)

Note: PAN card and Aadhaar card are fetched automatically from the central KYC agency.

Key Benefits of Upstox

Zero Account Opening Fee and First-Year AMC: Start investing without initial costs.
Low brokerage: Upstox charges minimal fees without hidden costs, allowing traders to save more money.
Faster onboarding process with quick account approval.
User-Friendly Platform: Access to a robust mobile app and web trading interface.
Diverse Investment Options: Trade stocks, derivatives, mutual funds, IPOs, commodities, and currencies from a single account.

Tips for Smooth Account Opening in Upstox

Ensure to have clear and valid documents.
Double-check all information to avoid mistakes.
Keep your mobile phone nearby for OTP verification.
Ensure good internet connectivity to avoid interruptions.
Contact Upstox customer support; they are quick to assist.

Is Upstox Safe to Use?

Yes, Upstox can be considered a safe broker for trading and investment due to the following reasons:

Registered with SEBI and stock exchanges (NSE, BSE, MCX), and DP with CDSL.
Long-term track record, operating as a broker for more than 10 years
Regular audits are done by the exchanges.
No margin funding
No proprietary trading

⚖️

Compare Stock Brokers Side-by-Side

Popular Comparisons

Feature
Plan Name	Rs 20 Plan	Rs 20 Plan	Rs 20 Plan
Overall Rating	★ 4.5	★ 4.5	★ 4
Equity Delivery	Free	0.1% or Rs 20	Flat Fee Rs 20
Intraday	0.03% or Rs 20	0.03% or Rs 20	Flat Fee Rs 20
Account Opening	Free	Free	Free
AMC (Annual)	Rs 300 PA (Free for 1st year)	Rs 240 PA	Rs 300 PA
Max Brokerage	Rs 20	Rs 20	Rs 20
	Open A/C	Open A/C	Open A/C

Frequently Asked Questions

1. How to check Upstox account opening status?−

You can check your account opening status in Upstox by logging to the Upstox app or web portal. Also, you should your email for updates or call at the customer support desk to know your account opening status.

2. Is Upstox account opening Free?+

Yes, Upstox currently offers free account opening. Opening a demat and trading account in Upstox is absolutely free. Also, no maintenance fee on Upstox demat account for 1^st year, and thereafter Rs 300 annual maintenance fee is applicable.

3. How long does it take to activate Upstox Demat and Trading account?+

In Upstox, once you submit your account opening application, the same will be activated within 1-2 working days. You will receive the login credentials in your registered email ID as soon as the account is activated and you can start trading. On the other side, if you have opened account offline then the process may take several working days.

4. How long does it take to close Upstox Demat Account?+

Closing your account in Upstox online can take 3 – 4 working days. Before initiating the account closure process, ensure the following

You don’t have any securities (equity and mutual fund holdings) in your Upstox demat account. If you have any, sell them off before filling out the application.
You shouldn’t have any outstanding negative balance or dues in your account.
When applying for an account closure request, you shouldn’t have any open trade positions.

The account closure is straightforward and can be done online through their website and app.

5. Where to get Upstox Account Closure Form+

You can get the Upstox Account Closure form on their official website. Follow the steps mentioned below to download the form.

Visit the Link
Go to “Account Modification Forms”.
Click on “Demat account closure.”
Now, you can view and download the Account closure form.

6. Is there any charges to close Upstox Account?+

No, there are no charges involved in closing your Upstox account. The account can be closed both online and offline free of cost. Before requesting to close your account, kindly look for the conditions below.

You should not have any equity or mutual fund holdings in your account. If you have any, sell them off before filling out the application.
You shouldn’t have any outstanding negative balances or dues in your account.
When applying for an account closure request, you shouldn’t have open trade positions.

7. How to open Upstox Demat account online?+

Open free upstox account online using Upstox app or web portal. All you need is aadhaar card linked with your mobile number and then open an account in Upstox through the process below;

Visit the Upstox account opening link
Enter your mobile number and email id to sign up.
Enter your basic details (personal details, bank details, address details, etc) as asked on the screen. And proceed with each step.
Enter PAN card details.
Capture a Selfie
Add bank account details and signature.
Select segment: all segments or choose as per your trading and investing needs.
Upload income proof (Only required to trade in F&O)
Enter aadhaar card number and OTP to e-sign the Upstox account opening form.

8. Can I open Upstox account without Aadhaar card?+

Yes, you can open a Upstox Demat account without Aadhaar but only via the offline method. Aadhaar Card is mandatory for opening a Demat account online because you receive the OTP for esign in the mobile number linked to your Aadhaar. However, it is possible to open a Demat account without Aadhaar if you are applying in offline mode. The document requirements for opening a Demat account are ID proof, Address proof, Bank proof, and PAN card. The PAN card is a mandatory requirement for opening a Demat and trading account.

9. Where to find Upstox Client ID?+

Upstox client ID (UCC) is a 6-digit alphanumeric presentation for your Upstox Demat Account. Once you have submitted an application for the Upstox account opening process, then within 24-48 hours after the verification process, you will receive a mail on your registered e-mail address that contains login credentials with a client ID and password to access the Upstox Pro (web and app) platform.

To know your client ID follow the steps mentioned below.

Visit upstox.com.
Hover your crosser to the right corner and click on your Name.
Click on “My account”.
You can see your client id(UCC), which will be a combination of Alphabets and numbers.

10. What is UCC in Upstox?+

UCC ID stands for Unique Client ID which is a 6-digit unique alphanumeric code for the Upstox Trading and Demat Account, also known as BOID (Beneficial Owner Identification Number). Whenever anyone opens an account with Upstox then the broker assigns a unique client ID to every customer to access online trading.

11. Is Upstox Safe?+

Yes, Upstox is a safe broker for trading. While logging into Upstox you have to use 2-step verification. So it can’t be hacked until you share your login credentials with others. Apart from that UPSTOX is a licensed broker in each segment. Its SEBI and FMC registration numbers can be seen at the bottom of all pages on its official website.

All your investments done through your Upstox account are stored in your CDSL Demat account, which is the depository in India. If any unfortunate event happens with Upstox, your investments will still be safe at the depository.

12. Where to find Upstox DP ID+

Your Demat account number is a 16-digit number consisting of DP ID + BO ID. The first 8 digits are DP ID and the next 8 digits are BO ID. To know your Demat details follow the steps mentioned below.

Visit upstox.com.
Hover your crosser to the right corner and click on your Name.
Click on “My account”.
Tap on “Demat details” in the Personal section on the left corner.
The first 8 digits of your “Demat Account Number” is your DP ID.

13. Where to send Upstox Account Closure Form?+

Upstox account closure is a completely offline process wherein you have to courier the duly filled account closure form at the broker’s Mumbai head office address, mentioned below;

Upstox (RKSV Securities Pvt Ltd.)
30th Floor, Sunshine Tower
Senapati Bapat Marg
Dadar (W), Mumbai
Maharashtra 400013

Once the form is received by the Upstox team, it will take around 7 days to close Upstox account.

14. How to close Upstox Demat account online?+

To close your Upstox demat account online, you need to log in to the Upstox mobile app – navigate to profile option – go to account closure.

Step by step Upstox account closure process

Log in: Log in to the Upstox app.
Account section: At the bottom, click on Account option.
Profile: Click on My account and then profile option.
Account closure: Scroll the screen and click on account closure at the end.
Specify a reason: Choose any reason from the dropdown list and tap on Continue
Click on close account
Ensure to have no active holdings, no active SIPs, clear account balance, and all orders cleared.
OTP: A 6-digit OTP will be sent to your registered email ID and mobile number.

Upstox account closure charges: No, zero charges.

Upstox account closure timing: It may take 3 to 4 working days to close your account in Upstox.

15. How to close Upstox account online?+

You can not close Upstox account online. To close Upstox account you need to submit a physical application. Upstox Account closure form is available to download on Upstox Download section as “Upstox Demat Account Closure”.

Steps to close your account with Upstox.

Clear all your dues if any pending.
In case any amount left in your trading account, please create a fund transfer request and transfer your balance into your bank account.
In case you have some holdings in your demat, you have two options-
- Sell and encash the holdings
- Transfer to another demat account.
  - In case you need to transfer to another account, you need to provide DP ID and Client ID. Delivery Instruction Slip (DIS) need to submit.
- Signature by each holder.
- Attach document – Signed Copy of PAN Card, Signed Copy of Aadhar Card of all the holders.
- Send this Account closure form to Upstox/ RKSV Correspondence Address given in the form.

After receiving your account closure form, usually it will take up to 15 days to close your account. In case in 15 days you will not get any confirmation from Upstox team, you can contact Upstox Customer Support team over phone.

16. How to unblock-reactivation Upstox account?+

In case you are an existing customer and your account is blocked, you can click on forget password link and provide the required detail. The Upstox Support team will resend you a new password.

To Reactivation Upstox Account – You need to fill an application form which is available under download section -Trading Account Reactivation From.

You need to submit your KYC Documents link Signed Copy of PAN Card, Signed Copy of Aadhar Card with the completely filled application form.

Once Upstox Support team receives your request, they need to validate your KYC information. After KYC completion, your account will get reactivated.