Upstox demat account price is to be paid by the customers while opening demat account. But Upstox provide free demat account opening. Apart from demat account opening charges, AMC is also applicable on Demat account. AMC stands for Annual Maintenance Charges of Upstox. While most of the stock-brokers charges AMC on yearly basis but this Upstox Demat Account Annual Charges i.e., AMC is nil Upstox.
Upstox Demat Account Transaction Charges
Demat account transaction charges in Upstox are applicable while making any transaction in stock market which means while buying and selling stocks via demat account.SEGMENT | CHARGES |
Currency Option | NSE: Exchange turnover charge: 0.04% |Clearing charge: 0.025% BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% |
Equity Futures | NSE: Exchange turnover charge: 0.0020% | Clearing charge: 0.0002% |
Equity Intraday | NSE: 0.00345% trade on buy & sell |
Equity Options | NSE: Exchange turnover charge: 0.053% | Clearing charge: 0.005% |
Commodity | Non-Agri: Exchange turnover charge: 0.0026% |
Currency Futures | NSE: Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% BSE: Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
Equity Delivery | NSE: 0.00345% trade on buy & sell |
About Upstox Demat Account
Upstox offers Demat Account services to its customers. It offers a secure, safe, and hassle-free investment in Shares, Mutual Funds, IPOs, Bonds, NCDs etc. A demat account is similar to a bank account where a customer holds shares, mutual funds, bonds, etc. in electronic format. Demat account opening process in Upstox is simple and completely online.
Upstox Demat Account Details: Upstox also provides 2 in 1 account. This Upstox 2-in-1 account includes a Upstox demat account and a Upstox trading account linked together. This offers an easy and seamless transaction of shares between these two accounts.
Upstox Demat Account NSDL or CDSL
CDSL And NSDL are the two designated Depositories in India. The Upstox is the depository participant (DP) of both CDSL and NSDL. This means that when a customer opens a demat account in Upstox, he actually opens the demat account with CDSL or NSDL. Depository Services (Demat Account) is provided by Upstox via both CDSL and NSDL.
CDSL and NSDL hold all the securities in your Upstox demat account. Depository Participant takes fee from the customers for servicing the demat account. CDSL charges fees on each demat account transaction.
Features of Upstox Demat Account
• Upstox demat account offer and corporate benefits like dividends, bonus, interest etc. directly deposited in your demat account.
• It provides the facility of transferring shares from existing demat accounts to Upstox.
• Customers get auto update of bonus issues, right shares, or stock split.
• Upstox customers can also hold mutual funds in the same demat account.
• Fast online customer support.
• Upstox demat account opening offers facility to customers to invest online in Equity, Mutual Funds, Corporate FDs, and Insurance etc.
Documents Required for Upstox Demat Account Opening
Required list of Upstox Demat account opening documents is given below:
1. Identity Proof - PAN, Aadhaar, Driving License, Passport, Voter ID etc.
2. Address Proof - Aadhaar, Driving License, Passport, Voter ID etc.
3. Bank Proof - Cancelled cheque with name printed on it or Bank account statement.
How to Open Demat account in Upstox Step by Step?
Upstox Demat Account Opening Process is simple and completely online. You can create Upstox Demat Account in just few steps.
Upstox demat account opening steps:
1. Enter Mobile number and enter 6-digit OTP received on your mobile number.
2. Enter Email id and Confirm with Email OTP.
3. Enter PAN details along with DOB and Continue.
4. Add personal details and confirm.
5. Make digital signature.
6. Verify Aadhar details with Digi locker.
7. Upload IPV Video and accept.
8. Enter Bank details and choose brokerage plan.
9. E-sign with Aadhar details and complete the process.
Upstox Demat Account Opening Time: Upstox demat account opening generally takes 1-2 days after your Upstox demat account opening process is complete.
Upstox Demat Account Login Details: Once your Upstox demat account opening is complete, you will receive the Upstox demat account login credentials on your registered email ID and mobile number. Click here to check Upstox demat account opening video demo.
Upstox Demat Account Benefits
Benefits of Upstox Demat Account are given below:
• Upstox has a paperless instant account opening facility that works online.
• Upstox is offering brokerage services since for 10+ years and has received very few complaints.
• Upstox provides free equity delivery trade with no brokerage.
• Customers can manage their account online.
• Upstox provides advance order types.
• Both CDSL and NSDL demat accounts are available here.
• Basic Service Demat Account (BSDA) is also available in Upstox to hold up a value up to ₹50,000.
How to Open Upstox Demat and Trading Account?
As Upstox 2 in 1 account offers both Demat and trading account to traders. With trading account users can trade in all segments except equity. Trading in equity requires Upstox demat account. Click here to check Upstox demat and trading account opening procedure.
Also, Upstox demat account link is given below.
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