Upstox Account Opening Process 2024

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 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.

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 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.

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.