FREE Account Opening + Zero AMC Fees* + MutualFund SIP1

Upstox Account Opening Process 2024

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Upstox Account Opening
Open Instant and Online account with Upstox in 15 mins.
Free Demat + Trading Account + Rs 1000 credit for first 30 days.

Open Free Upstox Demat and Trading Account Now! Yes, Upstox account opening charge is nil, however, Demat AMC fee of Rs. 300 is charged on a monthly basis. Customers can open an account with Upstox online instantly in a paperless manner within a few minutes and start online trading in shares, futures & options, commodity, and currency segment. The broker through partnership with IndusInd Bank also offers Upstox or IndusStox 3-in-1 account (Demat + Trading + IndusInd saving a/c). Scroll down the page to know about Upstox online account opening process, charges, document checklist, account opening forms, and process to close Upstox Demat Account.

Upstox Account Opening Charges

Trading Account Opening ChargesPromotion offer: Free
Trading AMCFree
Demat Account Opening ChargesFree
Demat AMCFree

Note: Upstox charges Rs. 99 account opening fee to open Upstox Demat and Trading account.

Open Upstox Account Online| Upstox Online Account Opening Process

Opening online Upstox Account is simple, quick, and hassle-free than the traditional paper-based offline process. If you have linked Aadhaar card with the mobile number then you can open Free Upstox Trading & Demat Account online.

Steps to open Upstox Account online;

  1. Go to Upstox website, on the top, click on “Create Account” option.
  2. Enter e-mail address, mobile number, and OTP to complete the sign-up process.
  3. Enter PAN card number and DOB as per PAN and verify it with OTP.
  4. Now, select the segment for trading among Equities, Futures & options, Commodities, and Currencies.
  5. Pay the account opening fee based upon the segment you have selected for trading.
  6. Upload scanned copies of required account opening documents.
  7. E-sign the account opening form using Aadhar based OTP.
  8. After scrutiny process, Upstox will sent login credentials including user ID (client ID) and password to your registered email address. It takes upto 24 hours to activate Upstox account.

Upstox Offline Account Opening Process

If your mobile number is not linked with Aadhaar then you should open account offline without Aadhaar. Here is the process to open offline Upstox account;

Steps to open Upstox Demat and Trading account offline

  • Get the Upstox account opening form (AOF) from Upstox website or through visiting Upstox Branch.
  • Fill out the form and attach necessary documents i.e. PAN card, Address proof, signature, etc.
  • Send the duly filled AOF along with mandatory document via courier to the Upstox Mumbai head office address.
  • The documents will go under verification process and if verified successfully then, you will get a user ID, also called Beneficial Owner Identification Number (BOID) or unique client code (UCC) that is required for Upstox account login.

Upstox Account Opening Documents

Opening Upstox Trading & Demat Account requires users to submit following set of documents;

  • Digital copy of applicant’s photograph.
  • Scanned copy of applicant’s signature.
  • Scanned copy of your PAN Card.
  • Proof of address: Passport, Aadhaar card, Voter ID card, Utility bill, etc.
  • Bank account proof: Most recent bank account statement, Cancelled cheque with pre-printed name, passbook front page, etc.
  • Income proof: Income Proof i.e. IT Return, latest bank statement, salary slip, etc. is only required to trade-in futures & options segment.

Upstox Account Opening Form

You can also open Upstox account offline or through paper-based process without Aadhaar. Offline account opening process requires users to fill Demat and Trading Account opening form and send it to the broker. All the forms are available at the Upstox website, under the “Download Forms” section in the pdf format.

Upstox Account Closure Process

If you are not actively trading with Upstox then it is better to close Upstox account to avoid Demat AMC charges. You cannot close Upstox account online and must have to send duly filled account closure form to the broker to close your account.

Steps to close Upstox Demat Account

  • Download the Upstox Account Closure Form from the Upstox website.
  • Get the printed form, enter correct details and sign the Upstox account closure form.
  • Attach all the required documents including unused DP slip.
  • Courier the filled closure form to Upstox office.

Before closing Upstox account, following conditions must be satisfied;

  • Clear all dues means no negative balance in your Upstox Demat account.
  • If your account is left with some funds then transfer it to your bank account.
  • Close all open F&O positions.
  • If your Demat account is left with any holdings then either sell or encash it.
  • In case you want to transfer your holdings to Demat account with other broker then submit the delivery instruction slip, respective depository participant ID (DP ID), and the client ID as well.
  • After successfully meeting all these conditions, proceed with the account closure process. It is to be noted that Upstox only offers offline account closure process means Demat account can’t be closed online.

Is Upstox Good and Reliable Broker?

Upstox is one of the most reliable discount brokers that is serving a community of 20 lakh+ traders and investors. There are a number of reasons that made Upstox a reliable broker including the following;

  • Upstox is a registered member of SEBI, BSE, NSE, and MCX.
  • A long-term broking experience of 10+ years in the industry.
  • Backed by investors like Ratan Tata, GVK Davix, and Kalaari Capital.
  • In-house designed Upstox Pro (Web and Mobile App) trading platform.
  • Active customer support over telephone, e-mail, and support portal.
  • No proprietary trading and portfolio management services (PMS).

New Account Opening - How to join Upstox?

Request call back from Upstox

New Account Opening offers with Upstox

Upstox offers free 2-in-1 (Demat + Trading) account, thus, if you are looking to start trading then open an account with Upstox now at zero account opening charges.

Upstox Promo Code

There is no Upstox Promo code available as of now.

Upstox Referral Code

Upstox offers refer & earn service wherein on successful Upstox account opening by referral, you will get following benefits:

  • Earn Rs. 600 on each referral
  • Free Upstox Demat and Trading Account
  • Zero brokerage for 30 days.
  • Free beginner’s course worth Rs. 999 on Elearnmarkets
  • Free StockEdge premium membership worth Rs. 999

You just have to enter your mobile number or unique client code to refer Upstox account to your friends.

    In this section we have covered most frequest scenario you have about new account opening. Does Upstox have any promo code? Does Upstox have any special Offers? What are the refferal benefit with Upstox if I refer my friends or family? How can I start my trade with Upstox? Is Upstox good and reliable?


Upstox changes its account opening fee from time to time, which can be checked on its website at this link. Currently, they are offering a Zero account opening fee, Zero account maintenance charge (AMC), and Zero commission for investing in Mutual funds and IPOs.


Once you submit your account opening application, the same will be activated within 24 working hours. 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.


Closing your account can take 7 to 8 working days after submitting the account closure request. Before requesting to close your account, kindly look for the conditions below.

  • You need 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 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.



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.


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.


Open free Upstox 2-in-1 Account (Demat + Trading) instantly online within 10 minutes. All you need is aadhaar card linked with your mobile number and then open an account in Upstox through the below process;

  1. Visit the Upstox account opening link
  2. Enter your mobile number and email id to sign up.
  3. Enter your basic details(personal details, bank details, address details, etc) as asked on the screen. And proceed with each step.
  4. The documents to keep ready are Aadhaar, Pan, Cancelled Cheque, or your Latest bank statement for the bank proof.
  5. Upload the documents as directed on the screen.
  6. In the last step, you must do the Esign by entering the OTP received on your mobile number, which is mapped to your Adhaar number.

Once the submission request is placed, the account will be activated instantly withing 24 hours.


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.


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
  • 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.


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.


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.


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
  • 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.


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.


Upstox facilitates customers to permanently close their demat and trading account online on the Upstox Pro platform.

Steps to close Upstox Demat Account Online;

  1. Login to the Upstox Pro platform.
  2. Click on the “My Account” option.
  3. You will be directed to a new page, under the “Accounts” section, click on the “Close Account” option.
  4. Confirm the account closure request.
  5. Enter the required details in the account closure request page and tap on the “Close Account” option.
  6. Upstox demat account will be closed within 7-8 working days.


Last Updated on 2023-12-15