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Upstox Online Account Open Process, Forms and Fees

Upstox Track Record Of Best Online Stock Broker In India

  • Life

    4.2

    Company Rating

  • Life

    110+

    Cities Covered

  • Life

    10+ Lacs

    Orders Per Day

  • Life

    1L+ Crore

    Daily Turnover

  • Life

    10+ Lacs

    Our Client Base

  • Life

    4.3

    Mobile App Rating

  • Life

    4.2

    Company Rating

  • Life

    110+

    Cities Covered

  • Life

    10+ Lacs

    Orders Per Day

  • Life

    1L+ Crore

    Daily Turnover

  • Life

    10+ Lacs

    Our Client Base

  • Life

    4.3

    Mobile App Rating

 
 
 

Upstox Account Opening Enquiry

 
 
 
 

Upstox Online Account Open Process, Forms and Fees

Upstox is the online brand of RKSV Securities Private Limited. It was incorporated in the year 2009. RKSV Securities is a Mumbai based online stock brokerage company that has over 1 lakh customers with a daily turnover of Rs.15000 crores. It is backed by notable investors like Ratan Tata, Kalaari Capital, and GVK Davix. It is among the most popular discount brokers famous for its discount brokerage plan.
It has been offering a wide range of financial services for around 10 years. It offers trading services in Equity, Currency and derivatives across NSE and BSE. It also offers the in-house build advanced trading software that makes it more efficient for trading. Upstox offers Rs.20/order low-cost brokerage plan for Intraday, F&O, Currencies and Commodities. It also provides higher level plans for additional Rs.10 brokerage.

Upstox Account Opening
It offers a complete paperless (or say online) account opening procedure. An Upstox account is necessary to trade in equities, currency or any other asset class on NSE and BSE. With Upstox, the customers can open a trading account and a demat account at one time. Further, they can link it with their existing account and then the customer can easily go for trading.

Charges for Account opening
The account opening charges for trading and demat account are shown in the table below:

 

TRANSACTION

CHARGES

Trading Account Opening Charges

₹249

Account AMC Charges

₹0 (Free)

Demat Account Opening Charges

₹0 (Free)

Demat AMC (Yearly)

₹300

 

Documents Required for Account Opening
The documents required for opening an account with Upstox online are mentioned below:
1. Aadhar Card Number.
2. PAN Card Number.
3. Cancelled Cheque (Scanned).
4. Bank statement (Scanned).
5. Copy of your Signature (Sign on an empty paper and scan).
Note: You have to make sure that your Aadhar number is linked with your correct mobile number.
The Upstox account can be created either by using your Aadhar Card (Online) or by not using it i.e. Offline.
Opening an Upstox Account by using Aadhar details

The steps to open an Upstox account using the Aadhar details are mentioned below:
1. Visit the official website of Upstox and go to the account opening page.
2. Create an account by entering the details such as email Id, mobile number, etc.
3. Next, enter your PAN card, Aadhar card details and verify them with the OTP sent on your mobile number.
4. Pay the required fees for opening an account through the integrated payment options.
5. Upload the documents.
6. Review the information you provided and then confirm the application.
7. In some time, you will receive a confirmation mail along with a demat form and a POA (Power of Attorney form).
8. At last, you will receive the User ID and password that are required to sign in to your Upstox account within 24 hours of activation.

Opening an Upstox Account without using Aadhar
If the customer does not have an Aadhar card, he/she can still open an account with Upstox and start trading in it. The steps to open account without Aadhar details are mentioned below:
1. Download and take a print of the account opening form.
2. Sign at all the places marked with X. The sign should not differ from the sign on your ID proofs.
3. Affix a recent passport size photograph in the specified place in the form and sign across it.
4. Read the first page of the form that provides the details and information on the fees to be paid during the time of account opening.
5. Write a cheque for the required fees.
6. Attach all the necessary documents to the form and courier it to the company address. A company representative will contact you once the documents are received by them for the further process.

Account opening Status
The account opening process is instant and you will immediately get to know about its status. If you have submitted the account opening application via Offline then you can call or send mail on the Upstox customer support team to know the status.

Frequently Asked Questions


A stop-loss order is an order placed with a broker in order to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed in order to limit an investor's loss on a security position.
While carrying Intraday orders, we trade using margins and thus the trade goes in loss showing the negative balance. It will show the negative balance till the time we square off our trade or their RMS team do so. Your AMC might be deducted and this is the reason why it shows negative balance.
Rs.20 brokerage and 15x intraday margin are the most suited for a new trader. Whereas, the Priority plan is best for the experienced traders who require higher (20x) leverage. The brokerage charges (Rs. 30 per trade) are also higher under the Priority Plan.
The Upstox has pioneered the low-cost brokerage model. Thus while trading with Upstox, equity delivery trades are free of cost. For intraday trading on BSE, NSE and MCX and F&O. It is 0.05% or up to Rs. 20 per order traded.
The Upstox provides three trading platforms. There is Upstox Pro web that you can access from your favorite browser. The other software Upstox Mobile which is available on both Android and iOS will help you in trading on the go.
Upstox runs a partner program wherein you can become a sub-broker and start referring customers from your network. You can earn commissions when they trade. You can receive earnings in two ways in this program either earn a part of the brokerage paid by your referrals or earn incentives for referrals when they open an Upstox account.
The Account opening is free. But if you pay Rs.149, you will get a brokerage credit worth Rs.250 with the validity of 30 days.
You can withdraw money from your Upstox account directly from the application. You go to the balance section of the app and choose to “withdraw funds” from your securities or commodities account. Once after selecting the account, click on the “withdraw” screen. Now enter the amount you want to withdraw and click on “submit”.
Upstox is an online broker and a POA is compulsory during the account opening. This is done in order to keep your information safe and secure.
There is no limit of how many banks accounts you can link with Upstox. One bank account will be marked as the primary account and rest of them will be marked as the secondary bank accounts.
The monthly maintenance charge for the demat account is Rs.25 (excluding GST). This amount will be charged at the end of every month.
The trading with Upstox is completely safe. The company started offering its services in 2012 and since then it has grown exponentially. It has lakhs of trusted customers and over 5 lakh customers traded in January 2020. This made it rank as the second largest discount stock broker in India. The company is registered with the SEBI, BSE, NSE, MCX, CDSL and NSDL. It is regularly audited by the exchanges and no violations have been noticed so far. The company is backed with the leading investors like Ratan Tata, Tiger Global and GVK Davix.
The client can freeze his account in case he does not wish to do any transaction in the near future. This helps in curbing the unauthorized use of demat account & prevention of frauds. The account will be de-freeze only on the instructions of the account holder.
To reactivate your Upstox account, all you need to do is to fill the reactivation form and email it to us at ‎support@upstox.com. You also need to send a bank statement of the last three months that have been self-attested. Once after we receive this, your account will be reactivated within 24–48 business hours.
Upstox core services does not include providing trading or stock tips. As an online broker, Upstox believes in keeping costs as low as possible.
There is no minimum balance that you are obliged to maintain in an Upstox Mutual Fund account once after the first time when you purchase the SIP.
You can upgrade your Upstox account by just sending an email from the registered email Id to support@upstox.com. Remember to keep the subject line "Request to change brokerage plan." Make sure that you mention your Name and UCC in the email. The request for changing brokerage plans will be processed in 24-48 hours during business days.
One of the major advantages of having trading account with Upstox is their low-cost structure. As a result, they do not provide any RM (Relationship Manager) services, even in Mumbai.
The Trigger price in Upstox is the pre-set price on a buy or sell order in trading. The order here is a special order such as a “stop-loss order”, a “take-profit order”, “bracket order” and a “cover order”.
The withdrawal of money procedure is an online process. Thus, every request is processed within 24 business hours after the trading day has ended. The Upstox staff get notified of your withdrawal request and hence they process all withdrawals once at the end of each day.
Yes, the account opening in Upstox is free with a ₹249 prepaid brokerage plan. Currently the company does not charge any account opening fee for the individual trading accounts.
In order to change your phone number in the Upstox account, you will have to open an online service request. To change phone number in Upstox, follow the below mentioned steps: a) Go to www.upstox.com b) Click on 'Sign in' > 'Dashboard' c) Login to the dashboard (Upstox back office) d) Choose and click on the 'Service Request' box e) Then, click on 'Change your Mobile Number" f) Enter the new phone number and verify the OTP. Once after the request is submitted, it will be processed in 24 to 72 hours.
Upstox is not a listed company. It is a privately owned company run by the promoters of the company including Mr. Ravi Kumar and Mr. Shrinivas Viswanath. Four major investors that include Mr. Ratan Tata, Tiger Global Management, GVK Davix and Kalaari Capital Partners invested in this company.
The “Validity in Upstox” means the tenure or period for which a placed order is valid. The price of a stock moves up and down on a regular basis and thus the order is executed only when the matching price is available.
If you are deciding to close your account then you can delete it, then you can delete it. Upstox does not charge any fees to close your demat or trading account. Just make sure that all your dues are clear and transfer all existing securities from your Upstox demat account.

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