Upstox is one of India’s best leading discount broker with second highest number of active clients. Upstox offers minimal brokerage and affordable plans. Upstox can serve you better if you are a trader.
Here we have explained how one can open Upstox demat account by following easy steps given below.
- Keep your Pancard, Aadhaar card, Bank passbook handy with you for filing the details while creating account.
- Make sure your device camera is in working condition.
- Signup to DigiLocker and check your issued documents if you have never logged in to it.
Table of Contents
Step-1 : Signup to Upstox
b. Enter your email and mobile number and click Send OTP.
c. Enter OTP which you will receive on your mobile number.
Step-2 : Pancard Details
a. Enter PAN number and select your Date of Birth which is mentioned in the pancard.
Step-3 : Personal Details
a. Select your Gender, Marital Status, Annual Income, Trading Experience. If you don’t have any trading experience please select ‘Less than 1 yr’.
b. Select Political exposure, Occupation, enter Father Name as per Pancard and select YES in tax residency India.
c. Read and accept ‘Tax Payer Declaration’.
Step-4 : Digital Signature
a. Draw your signature inside the box.
Step-5 : Connect Digilocker with Upstox
a. Connect DigiLocker by Aadhaar authentication and allow Upstox to access DigiLocker.
Step-6 : Capture Your Photo
a. Capture and submit your photo.
Step-7 : Banking Details
a. Enter your banking details such as Account holder name, IFSC code, Account number, Account type.
Note : Banking details are needed for withdrawal/deposit of money to wallet, any future transaction with Upstox will happen through this account.
Step-8 : Email Verification
a. Verify and authenticate your email by submitting OTP.
Step-9 : Brokerage Plan and Payment
a. Select Brokerage plan and complete the payment.
Note : You will have different option for payment such as Cards, UPI, Netbanking, Wallet. You can select as per your choice and complete the payment.
Step-10 : Segment Selection
a. If you also wants to trade in Future & Options, Currency and commodity then select ‘Yes, activate these segments’ otherwise select No.
Note : If you are not sure about this at the moment then please select No, you will be able to enable this segment later also.
Step-11 : E-Sign with Aadhaar
a. Authenticate with Aadhar OTP on NSDL e-sign portal.
b. Click on the link to download signed document.
Step-12 : Application Status
a. Now your application is under scrutiny. Within 2-3 days your account will be activated and you will receive your login credentials via email on your registered email address.
Woohooo… Congratulations…You have successfully submitted your application to open Upstox demat account.