Upstox Account Opening [Explained with Video Tutorial]

Upstox is a prominent & fastest growing discount broker after Zerodha. They offer fully paperless account opening (You even didn’t need to courier POA-Power Of Attorney). In this article, I’ll explain how you can open an account in Upstox either online or offline.

Below I have mentioned all the required documents & account opening charges below. If you don’t have these documents ready don’t worry upstox allow you to upload documents & account opening charges later. We will be looking at all the steps involved, first, you just need to signup for Upstox Account Opening.

What documents do I need to open an upstox account?

You need to upload these mentioned documents for account opening.
1- Pan Card
2- Aadhar Card
3- Cancelled Cheque (Personalized) or FrontPage of Passbook
4- Scanned Signature
5- Passport Photo
5- Bank statement last 3 month- for F&O segments (Optional)required documetns for upstox account opening

How much Upstox charge for account opening?

You need to pay account opening charge for (Equity & Currency): ₹ 300+GST & for commodity segments opening charge are applicable as: ₹ 200+GST

What are the possible ways through which I can open an account with upstox?

You can open through the online & offline route. If your mobile number is linked to your aadhar then you can open an account through an online route which is faster then offline mode.

My Mobile Number is not linked with Aadhar Card?

If you don’t want to use your Aadhaar as you don’t have aadhar registered mobile number then you can open your account via offline route. If you want to complete the online account opening process, then you can visit your nearest Aadhaar Seva Kendra to get your aadhar number linked with mobile no.

How long does it take to open upstox account?

If you have applied for opening an account & submitted your application through the offline or online route then your account will be activated within 24 workings hours after successful verification.

Upstox Account Opening Procedure (Step by Step)

Open Upstox Account Online In 10 minutes.

You need to follow these 10 steps to open the Upstox account.

  1. Upstox Account Opening

    You need to Fill Basic Details as your Email Id, Password & Mobile No then click on Continue to Signup.

    Upstox Account Opening Landing Page

  2. Enter PAN Card Details

    You need to Enter PAN Card Details & Date Of Birth.

    STEP 2 ENTERING PAN DETAILS

  3. Enter KYC details

    Now you need to fill required KYC details with Upstox as Your mother’s name, Gender, Political affiliation, Marital Status & Trading Experience & etc.
    KEYIN AADHAR DETAILS FOR UPSTOX ACCOUNT OPEN

  4. Pick Trading Segment

    Now you need to select the trading segment according to your needs.

    CHOOSING SEGMENT TO ACTIVATE FOR TRADING ACCOUNT

  5. Pay Account Opening Charges

    Now you can pay for account opening charges or skip this process as Upstox also allows pay later facility so account opening charges will directly debit when your account is opened. You can also apply for promo code if there is any.

  6. Select Brokerage Plan

    If you want a high margin you can choose Priority Plan Otherwise you can continue with Basic Plan. The brokerage rates are per trade for Intraday Equity, F&O, Currencies & Commodities or 0.01%, whichever is lower.

    Select brokerage plan in upstox as per margin requirements

  7. Upload Upstox Account Opening Documents

    You need to upload all required documents for the account opening as mentioned above. You can also skip the IPV process & continue.

    Upstox account opening documents checklist

  8. Signing Form

    Now you need to Sign account opening form, You have 2 options.
    You can either sign digitally using aadhar in case of an online account opening process. If you choose the first option for Aadhar E-Sign you can open your account instantly fully online.

    Aadhar for online & download option for offline process
    If you don’t want to opt for online you can choose offline case then you need to download the account opening form offline & take printout & courier physically signed documents to Upstox Headoffice.

  9. Aadhar Esign

    If you opt for Online Aadhar digitally sign, then Digio page will pop up for E-Signing. You will receive an OTP in your aadhar registered mobile no, now you need to enter it.
    Now you need to E-Sign your Upstox account opening form through Aadhar separately for Equity & Commodity Segments.

    Online Upstox account Opening through Aadhar

  10. Courier POA (Optional)

    In Upstox you didn’t need to send POA for account opening. Only in the case of transaction above 20 Lakh or you need to sell mutual fund then you need to submit otherwise it’s not needed. You will receive ID & Password after scrutiny, Upstox account activation usually takes even less than 24 working hours.

    Upstox account opening last step completed

Now you are all done with the Upstox account opening process.

If you want to know about anything about Upstox as account opening charges, Trading Platform, AMC, Brokerage & transaction fee, Check out- Upstox Review

9.1
Brokerage
9.5
Platform
9
Margin
8
Costumer Support
7.5
Reliability
8.5
+ Positives:
  • Fully digitized sign-up process
  • All exchanges in one platform
  • Most liked trading app with 4.4* rating
  • Precise and fast market data.
  • Zero Delivery Brokerage
  • Bracket order in MCX available
  • Free Mutual Fund Investment
  • Stable & reliable platform
  • Advanced Charting and Options Trading
  • Offers NRI trading
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