Upstox is a popular online discount brokerage firm that offers trading services in equities, derivatives, commodities, and currencies. It provides its customers with a variety of investment options along with advanced trading tools, making it an attractive option for investors and traders. In order to start trading with Upstox, you need to open a demat account with them, which can be done online. Let's take a look at the process of opening a Upstox demat account and the time it takes to activate the account.

Upstox Demat Account Opening Process

Opening a demat account with Upstox is a fairly simple and detailed process. To open an account, simply follow the steps outlined below:

• Go to the Upstox app or website and click on the "Open an Account" button.

• Enter your name, mobile number, and email address in the form provided and click on the "Get Started" button.

• On the next page, you will be asked to enter your PAN number and date of birth. After entering this information, click the "Next" button.

• You will then be asked to enter your personal details such as address, occupation, and income. After entering all the necessary information, click the "Next" button.

• Next, you will be asked to upload a few documents such as your PAN card, Aadhaar card, and a cancelled cheque or bank statement as proof of address.

• Once you have uploaded all the required documents, you will be asked to e-sign the application form using your Aadhaar number.

• After e-signing the application form, you must complete the in-person verification (IPV) process by scheduling a video call with a Upstox representative. You will be asked to show your original documents during the video call for verification.

• Once the IPV process is complete, your demat account will be opened, and you will receive your login credentials via email and SMS.

Upstox Account Activation Time

The time it takes to activate your Upstox account depends on various factors such as the completion of your application, document verification, and IPV process. Typically, it takes around 24-48 hours for your account to be activated after you have completed all the necessary steps. However, in some cases, it may take longer if there are any discrepancies or if additional documents are required.

Conclusion

Opening a demat account with Upstox is a simple and hassle-free process that can be done online. Once you have completed the necessary steps and your account is activated, you can start trading in various financial instruments through the Upstox platform. However, it is important to note that before investing, it is always advisable to do your research and take advice from a financial expert.

 Open Your Demat Account with Upstox