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Open Instant and Online account with Upstox in 15 mins.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.
Transaction | Charges |
---|---|
Trading Account Opening Charges | Promotion offer: Free |
Trading AMC | Free |
Demat Account Opening Charges | Free |
Demat AMC | Free |
Note: Upstox charges Rs. 99 account opening fee to open Upstox Demat and Trading account.
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;
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
Opening Upstox Trading & Demat Account requires users to submit following set of documents;
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.
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
Before closing Upstox account, following conditions must be satisfied;
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 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.
There is no Upstox Promo code available as of now.
Upstox offers refer & earn service wherein on successful Upstox account opening by referral, you will get following benefits:
You just have to enter your mobile number or unique client code to refer Upstox account to your friends.
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.
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.
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.
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;
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.
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.
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;
Last Updated on 2023-12-15