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Open Upstox Account (Upstox Account Opening Process, Documents and Charges)

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Upstox Account Opening Enquiry

Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Upstox Account Opening Charges 2024

Upstox account opening charges are Rs 0 (Free) for a trading account and Rs 0 (Free) for Demat account. Upstox charge Rs 150 AMC for Demat account.

TransactionCharges
Trading Account Opening ChargesRs 0 (Free)
Account AMC ChargesRs 0 (Free)
Demat Account Opening ChargesRs 0 (Free)
Demat AMC (Yealy)Rs 150

Upstox is an online brand of RKSV Securities Private Limited. Incorporated in 2009, RKSV Securities is a Mumbai based online stock brokerage company. Upstox is backed by notable investors like Ratan Tata, Kalaari Capital, and GVK Davix.

Upstox offers trading services in Equity, Currency, and Derivatives across NSE and BSE. It also offers Mutual Funds services to its customers. Upstox has a daily turnover of Rs 15,000 crores and over 1 lakh traders use its online platform and broking services.

Key Facts about Upstox

  • Offering a range of financial services for around 10 years. In business since 2009.
  • Have over 1 lakh customers.
  • Offer in-house build advanced trading software Upstox.
  • Offer Rs 20/order low-cost brokerage plan for Intraday, F&O, and Currencies & Commodities.
  • Backed by prominent investors.
  • Higher leverage plans are available for additional Rs 10 brokerage.
  • Member of SEBI, BSE, NSE, MCX, and CDSL.

Product Offered by Upstox

  • Online Trading
    • Equity Trading at BSE, NSE
    • Commodities Trading at MCX and NCDEX
    • Currency Trading at NSE
  • Depository Services (Demat Account)
  • Mutual Funds

Upstox Trading Plans

Upstox offer one simple trading plan to the customers. The brokerage in this plan is as below:

  • Equity Delivery: Rs 20 per trade or 2.5% (whichever is lower)
  • Equity F&O, Commodity and Currency: Rs 20 per trade or 0.05% (whichever is lower)

Upstox Account Opening

To trade in equities, currency or any other asset class on NSE and BSE, you would need a trading account, a demat account and a bank account linked with it. With Upstox, you can open a trading account and a demat account at one. Link it with your existing bank account and you are good to trade!

After opening an account with Upstox, you can use their platforms like Upstox Pro Web and/or Upstox Pro Mobile to access NSE and BSE markets and trade in equities, derivatives, and currencies etc. You would also be able to invest in mutual funds online.

Upstox Online Open Account (Instant & Paperless Account)

Upstox offers paperless (or online) account opening. The process is very simple and quick.

Prerequisites for account opening

  1. To open a paperless account with Upstox, you need the following information or scan documents:
    • Aadhar Number
    • PAN Number
    • Canceled Cheque (Scanned)
    • Bank Statement (Scanned)
    • Signature Copy (Sign on an empty paper and scan)
  2. Make sure that your Aadhar Number is linked with your correct mobile number. The process of online account opening requires you Aadhar number validated using OTP.

Steps to Opening Paperless Upstox Account (Using Aadhar)

  1. Visit Upstox.com and go to account opening page.
  2. Create an account by entering your email ID, creating a password and mobile number.
  3. Enter your PAN card, Aadhar Card and verify with OTP sent on your mobile.
  4. Pay the required fees for opening the account through the integrated payment gateway. The fees are based on the type of instruments like Equities, Derivatives, and Commodities etc., you want to trade.
  5. Upload the documents mentioned above and choose the pricing plan.
  6. Review and confirm the application.
  7. Submit the application.
  8. In a few minutes, you will receive an email with 2 attachments- a Demat form and a PoA (Power of Attorney) form.
  9. You will receive the User ID and password required to sign in to your Upstox account with 24 hours of the activation of the account.

Steps to Opening Upstox Account (Without Aadhar)

In case you don't have an Aadhar Card then also you can open an Upstox trading account. Here's how to open a non-paperless account with Upstox:

  1. Download and print the account opening form.
  2. Sign at all of the places marked X. Your signature should be same as in the ID proofs you will submit with the form.
  3. Affix a recent passport size photo in the specified place in the form and sign across it.
  4. The first page of the form provides information on fees to be paid for account opening.
  5. Write a cheque for the required fee.
  6. Attach all the required documents to the form and courier it to the company address provided in the website. A company representative will contact you to take the process forward.

Upstox Account Opening Status

Upstox's paperless account opening process is instant and you will immediately know the status of your account opening.

If you have submitted signed paper forms you can call or send an email to their customer support team to know the Upstox account opening status. The email and call center numbers are available on the Upstox website.

Upstox Account Opening Form (PDF)

Upstox account opening PDF forms are available on the upstox website. You can download the form, print it, fill in all the details, paste a recent passport size photo, attach all the required document with a cheque for fees and send it to its office address.

Upstox Account Closure Procedure

If you are not using the Upstox account then it is advisable to close it to avoid paying any fees charged by the company for maintaining the account. You can close the account anytime you wish to through a simple process. Here are the steps to close an Upstox account-

  1. Download the account closing form, available on its website and print it.
  2. Fill in the form.
  3. Attached unused Demat Slips (if any).
  4. Sign and send it to the company address.

Your account will not be closed till all your dues are cleared.

It is also important to follow-up with Upstox to make sure the account is closed. You can call or send an email to their support team to know the status of your account closure application. Do not assume that once you sent the application, the account is now closed.

Upstox Special Offer

Exclusive offer by Upstox

  • Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 commission for Mutual Funds.

It is a limited-time offer. Open Instant Account and start trading the same day.

Frequently Asked Questions

  1. 1. Is Upstox account opening free?

    The Upstox account opening fee is Rs 249 for individual customers. The account opening fee for the HUF account is Rs 300. The account opening fee for a Private limited company and LLP is Rs 1500.

     

     

  2. 2. How to open Upstox account?

    You can open the Upstox account online as well as offline.

    1. Upstox Online Account Opening

      To open an account online, you need your Aadhaar Card and your current phone number must be registered to your Aadhar card. Here are steps to open Upstox account online:

      1. Visit www.upstox.com website.
      2. Enter your Email Address and Mobile Number
      3. Enter OTP received on your phone
      4. Enter personal and bank details
      5. Upload Aadhaar Card, PAN Card, Income Proof (for derivatives trading), Signature (on a blank paper) and photograph.
      6. Review, confirm and submit the application.
    2. Upstox Offline Account Opening

      In case you don't have an Aadhar Card linked to your phone number, you can open a Upstox account by filling a paper form.

      Note:

      1. Visit www.upstox.com
      2. In the top menu, go to 'Support' >> 'Download Forms'
      3. Click 'Demat & Trading Account'
      4. Print, fill and sign the form.
      5. Attach all the required documents to the form
      6. Call upstox support to arrange for free drop and pickup of paper form

     

     

  3. 3. Can I close my Upstox account?

    Yes, you can close your Upstox account anytime you wish. The account closure process can only be done offline by filling a physical form.

    Upstox Account Closure Steps

    • Visit the www.upstox.com website.
    • Go to Support >> Download Forms
    • Go to 'Account Modification Forms'
    • Download the 'Demat Account Closure' form
    • Print, fill and sign it.
    • Send the paper form to the address in the form.

    Note:

    • Clear all the dues, close open positions and transfer/sell demat holding for quick account closure.
    • Follow-up with customer service if you do not get account closure confirmation.

     

     

  4. 4. How to close Upstox trading account online?

    You can close your Upstox trading account online by submitting an account closure request through the Upstox mobile app or website. Follow the steps below to close the account.

    Steps to close Upstox trading account online:

    1. Login to your Upstox account.
    2. Click on your Name on the top left corner of the screen.
    3. Go to the Profile section under the Account tab.
    4. Click on View All option next to Account.
    5. Click on the three lines at the top left corner to open the menu bar.
    6. Look for Account Closure under the Account section.
    7. Click on the "Close account" button. A confirmation page valid for 30 days will open with a link in it.
    8. Click on the link that takes you to the account closure form.
    9. Select the reason for closing your account.
    10. Click on "Close Account".

    It takes around 7-8 working days to close your Upstox account after request submission.

    Before requesting account closure make sure that all outstanding dues, trade positions are cleared off and any holdings in your account are sold or transferred.

     

     

  5. 5. How to unblock Upstox account?

    You can unblock your Upstox account in case it has been blocked or turned dormant because of no trading in the last 6 months.

    Steps to unblock Upstox account

    1. Visit www.upstox.com
    2. Support >> Download Forms
    3. Download 'Trading Account Reactivation Form'
    4. Print, fill and sign it.
    5. Scan and email the form to support@upstox.com along with a scanned copy of the self-attested bank statement, of the last 3 months.

    Your account will be reactivated within 24-48 business hours.

     

     

  6. 6. What are the ways through which I can open an account with Upstox?

    Upstox provides both online and offline ways of opening an account. To open an online account you need a PAN card and an Aadhar card with your existing mobile number registered to it.

    The online account opening is instant and paperless. It is the preferred way to open the account.

     

     

  7. 7. What types of trading accounts does Upstox offer?

    Upstox offers one simple 2-in-1 account. This account includes a trading and a demat account. You have to choose the segments (i.e. Equity, Equity F&O, Commodity, and Currency) you would like to trade in while opening the account.

     

     

  8. 8. Why a signed copy required in Upstox online account opening process?

    A signed copy is required to take your signature in the online account opening form. You can sign on a plain paper and shoot a photo of it with your mobile phone and upload it as your signed copy.

     

     

  9. 9. My Upstox trading account has become dormant due to non-trading. How to reactivate my existing Upstox account?

    Your trading account becomes dormant in case you do not trade for 6 months. You can reactivate the Upstox trading account by following these 2 steps-

    • Write an application to reactivate your existing account. Provide details like your customer ID, account number etc., in the request.
    • Attach self-attested latest bank statement for the last 6 months
    • Send the application and documents to the upstox office address.

    Your trading account will be activated within 24-48 hours of receiving the documents.

     

     

  10. 10. How to close the Upstox account online?

    You can close your Upstox account online using the Upstox mobile app or through the website. The process is simple and quick. It takes 7 days to close an account with Upstox.

    Steps for closing Upstox account online:

    1. Log in to your Upstox account.
    2. Go to the Account closure section as per below:
      • In the old version of the app, Click on Profile Icon >> My Account >> "Account closure"
      • In the updated version of app, click on your Avatar >> Account tab >> Profile >> View All (placed next to Account) >> Menu >> Account >> Account Closure
    3. Click on the "Close account" tab that redirects to the confirmation page with a link.
    4. Click on the link to confirm the closing of the account.
    5. After clicking the link, an "Account Closure Request" form will appear.
    6. Choose thereason for closing your accountfrom the dropdown. If Other, mention the reason in the text.
    7. Click on "Close account".

    Note:

    • There should be holdings in the Demat account or a negative balance in your trading account.
    • Square off any open trade position.
    • Any funds remaining in your account get transferred to the primary bank account on settlement.

     

     

  11. 11. How to fill the Upstox account closure form?

    The Upstox demat account closure form is a simple 1-page form. Follow the below steps to download the form.

    • Visit www.upstox.com and go to Support >> Download Forms
    • Scroll to 'Account Modification Forms' section
    • Download the 'Demat Account Closure' form
    • Print it.

    The Upstox account closure form has 4 parts:

    1. At the top of the form, enter the date and select 'BO' in the Closure Initiated by row.
    2. Fill account holder details like Client ID, name or names in case of joint accounts, address, city etc.
    3. Fill in details like a reason for closing the account, the select status of Balance securities remaining in the account, DP ID of the demat account where you want existing securities to be transferred.
    4. All account holders need to sign on the form.

    The second part is to pick a choice for securities held in the demat account and finally the signature of all account holders.

     

     

Upstox Account Opening Enquiry

Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

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Information on this page was last updated on Friday, October 4, 2024

Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

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