Upstox (earlier known as RKSV Securities) is a popular Indian stock brokerage firm that offers online trading and investment services. So Upstox demat account review is very important for investors or traders.
An Upstox demat account is a type of account that allows you to hold and trade securities such as stocks, bonds, mutual funds, and other financial instruments. Due to low brokerage, simple user interface and high margin its very popular and 2nd largest discount broker company in India.
Facts of Upstox Demat Account
- Sir Ratan Tata and Tiger Global Management investment
- Zero account opening fees
- Low brokerage
- User-friendly interface
- Advance trading plateform
- Huge range of products
- More than 1 crore clients
Documents required for Upstox Demat account
You will need to provide certain documents as part of the KYC (Know Your Customer) process. KYC is a regulatory requirement in the financial industry to verify the identity and address of customers. The following documents are required for Upsotx demat account
- Proof of Identity
- Aadhaar card (Preferred)
- Passport
- Voter ID card
- Driver’s license
- PAN card
- Proof of Address
- Aadhaar card (Preferred)
- Passport
- Voter ID card
- Driver’s license
- Utility bills (electricity, water, gas)
- Bank account statement or passbook
- Rental agreement
- PAN Card: Permanent Account Number (PAN) card is mandatory for all financial transactions and investments in India.
- Saving/Current Account
- Aadhar Card linked mobile number (For Online Process)
- Passport-sized Photographs (For offline demat account process)
- Cancelled Cheque (For offline demat account process)
- Income Proof: No need if you trade only in the Equity segment while you need income proof for trading in the future and option (Derivatives). You can provide salary slips, income tax returns, or a copy of Form 16.
Note: These requirements can vary over time and depending on the brokerage’s policies and regulatory changes.
How to open Upstox Demat account online
Opening an online demat account with Upstox involves a few simple steps. If you want to open Upstox demat account online then follow the steps:
Step 1– Go to the official Upstox website using a web browser on your computer or mobile device. Click Here
Step 2: Click on “Open an Account” or “Get Started.”
Step 3: Select the type of account you want to open.
- Individual Account
- HUF Account
- Corporate Account
Step 3: Provide personal details including your name, date of birth, email address, and mobile number.
Note: Ensure that the information you provide matches your official documents.
Step 4: Aadhaar-based e-KYC with Aadhar card-linked mobile number for OTP verification.
Step 5: Upload Documents: Upload scanned copies or clear photos of the required documents, including your PAN card, proof of address (such as an Aadhaar card, passport, or utility bill), and a passport-sized photograph.
Step 6: Provide Bank Details: Enter your bank account details for linking to your trading account. This is necessary for fund transfers related to trading activities.
Step 7: Verification: Review the information you’ve entered and uploaded. Make sure everything is accurate and complete. Your uploaded documents will be verified.
Step 8: E-signature: Upstox may provide an option for electronic signature. Follow the instructions to electronically sign the required forms.
Step 9: Video Verification (if required): Upstox may require video verification to ensure your identity. Follow the instructions for the video verification process.
Account Approval: After your documents are verified and the application is reviewed, Upstox will approve your demat account. You will receive confirmation via email or SMS.
Login Credentials: Once your account is approved, you’ll receive your login credentials, including a username and password.
How to open an Upstox demat account offline
Step 1: Visit Upstox Official Website.
Step 2: Download the Upstox Demat Account opening form.
Step 3: Fill in all the details very carefully.
Step 4: Attached supporting documents.
Step 5: Send to the Upstox registered office with Speed Post or any other trusted courier.
Once your filled form and supporting documents are verified by the Upstox team. Then they provide your login credentials like username and password on your registered mail ID.
With the help of login credentials, you can enjoy your trading or investments.
Charges of Upstox demat account
Upstox demat account opening charge
Upstox demat account opening charge is zero means Rs 0.
Upstox trading account charges
The upstox trading account charge is zero means Rs 0.
Upstox AMC charges
Upstox AMC (Annual Maintance Charge) is very low as compare to other full service brokers and even other discount brokers.
First year AMC (Annual Maintance Charge) is free for new demat account holder. 2nd years onwards Upstox charged. There are 2 types of Upstox AMC (Annual Maintance Charge) charge are:
- AMC (Annual Maintance Charge) Rs 150 + 18% GST = Rs 177
- QMC (Quaterlly Maintance Charge) Rs 75 + 18 GST = Rs 88
Brokerage Charges of Upstox
You read or heared that Equity delivery, Mutal Funds, IPO brokerage is 0. But now only investment in Mutual funds and IPO through Upstox, brokerage is zero. Equity delivery trading is chargable as per normal trading brokerage charges.
Note: Equity delivery trading or investing in Upstox is chargable.
This table can help you to understant what is brokerage of upstox demat account?
Type Of Trading | Upstox Brokerage Charges |
Equity Delivery | Lower of Rs. 20 or 2.5% |
Equity Intraday | Lower of Rs. 20 per executed order or 0.05% |
Equity Futures | Lower of Rs. 20 per executed order or 0.05% |
Equity Options | Rs. 20 per executed order |
Currency Futures & Options | Futures – Lower of Rs. 20 per executed order or 0.05% Options – Rs. 20 per executed order |
Commodity F&O | Futures – Lower of Rs. 20 per executed order or 0.05% Options – Rs. 20 per executed order |
IOP Investments | 0 |
Mutual Fund Investments | 0 |
Upstox brokerage calculator
For more understant about brokerage of Upstox, you can use Upstox demat account brokerage calculaor on offical website of Upstox. It would help you that how Upstox borkerage works and How much charges applies for any trade with example.
Upstox Demat Account Other Charges
There are lots of charges applies when a trader trade or investment in India’s biggest discount broker company after Zerodha. Some charges of any bokers are not come in notice, so we tell you about some important charges you also can say hidden charges of demat account or hidden charges of stock brokers.
Upstox Auto Square Off Charges
Upstox auto square off charge is Rs 50/trade plus 18% GST.
Upstox Call And Trade Charges
You want to trade but due to some technical problem or any other personal problem you cannot trade, in that case you can use Upstox call and trade facility. Simply dial and trade.
Upstox call and trade charges is Rs 50/Trade with 18% GST.
Upstox P&L/CMS Physical Copy Charge
Upstox is totally online process, whatever you trade in past all ledgers aviable on mobile app or upstox back office. Still you want physical copy of profit and loss (P&L) and CMS thn you have to pay.
Charges of P&L/CMS physical copy of Upstox is Rs 20 with 18% GST.
Upstox Pledge Margin Charges
Out of some brokers, Upstox also provide pledge margin facility. Pledge Margin means: Margin Against Demat Holdings (can be used for Futures buy and sell and Options Sell orders only).
Upstox Pledge margin charge is Rs ₹50 + GST per scrip for pledging.
When you pledge any thing than you have to unpledge also.
Upstox unpledge margin charges is Rs ₹50 + GST per scrip for unpledging.
Upstox Payment Charges
This very disaapointed points as investors or traders that upstox charges some amount when we upload our upstox account for trading or even on withdrawal too.
Upstox demat account payment charge is Rs 7 include with GST.
Upstox Margin shortfall penalty or charges
Shortfall collection for each client | Penalty percentage of the shortfall |
---|---|
(< ₹1 lakh) and (< 10% of applicable margin) | 0.50% |
(>= ₹1 lakh) or (>= 10% of applicable margin) | 1.00% |
Note:
- If there are more than 5 instances of a shortfall in a calendar month, a penalty of 5% for every further instance of the shortfall is applicable
- If the margin shortfall continues for more than 3 consecutive days, a penalty of 5% is applied for each subsequent instance of the margin shortfall
- For MCX, if the margin shortfall is reported 3 times or more during a month, i.e., either in consecutive instances or in 3 different instances, the penalty would be 5% from the 4th instance of the shortfall
Upstox Margin Trading
Upstox gives margin trading facility upto 5 times for trading.
Order type | Applicable margin on Equity | Applicable margin onIndex Futures and Stock FuturesIndex and Stock Option SellNSE Currency FuturesMCX Futures | |
---|---|---|---|
Intraday order | 5x | 1x | |
CO/OCO order | 5x | 1x | |
Margin Trading Facility (MTF) | 2x | Not Applicable | |
Note: No Margin for Options buying |
Upstox Payment Methods
Payment and withdawal is very easy in Upstox. Some of important payment mode for add money in our trading account given belwo:
- Net banking
- UPI
- Google Pay
- Phone Pe
- Paytm