Open Upstox Account (How to Open ? Upstox Account Opening Process, Documents and Charges)

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Upstox Account Opening Charges 2022

Upstox account opening charges are normally zero ( but sometimes it is charged Rs 249) , it is now zero for a trading account and Rs 0 (Free) for Demat account. Upstox charge Rs 0 (Free) AMC for Demat account. So please open the account via mentioned link right now and avail it for as long as you want.

Transaction	Charges
Trading Account Opening Charges	Free, (Sometime it is chageable ) , it is free now , open account right now to avail free via this link : Upstox Account Open
Account AMC Charges	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)
Demat AMC (Yealy)	Rs 0 (Free)

Upstox is an online brand of RKSV Securities Private Limited. It is established in 2009, RKSV Securities is a Mumbai-based online stock brokerage company. Investors like Ratan Tata, Kalaari Capital, and GVK Davix also has stack in this company and due to this the trustworthy increases over it.

Upstox offers various trading services in Equity ( Including Cash , F&O segment and even IPO ), Currency, and Commoity across NSE , BSE and MCX. It also offers Mutual Funds services to its customers. Upstox has a daily turnover of more than Rs 14,500 crores and over 1 lakh traders use its online platform and broking services.

Key Facts about Upstox

• They are in business since 2009 and offering various range of financial services for the last 12 years.
• Have over 30 lakh customers.
• Also offering advanced trading software Upstox.
• Offer Rs 20/order low-cost brokerage plan for Intraday, F&O, and Currencies & Commodities.
• Backed by prominent investors likr Rata Tata.
• 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

In order to trade in equities, currency or any other asset class on NSE and BSE, you required 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, don’t worry you can change the bank account later if you want to change it.

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.

Document required for account opening in Upstox

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. Conditional: In case free you don’t need to pay but if it is paid then go through the stage { Pay the required fees for opening the account through the integrated payment gateway ( Even UPI payment is also added). 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. ( Conditional )
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 immediate and you will instantly 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 related all the ideas are explained above , if you want to no more you can contact the customer care of Upstox.

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