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.
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)
You need to pay account opening charge for (Equity & Currency): ₹ 300+GST & for commodity segments opening charge are applicable as: ₹ 200+GST
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.
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.
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.
- Upstox Account Opening
You need to Fill Basic Details as your Email Id, Password & Mobile No then click on Continue to Signup.
- Enter PAN Card Details
You need to Enter PAN Card Details & Date Of Birth.
- 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 &
- Pick Trading
Now you need to select the trading segment according to your needs.
- 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 p
romo codeif there is any.
- 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.
- 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.
- 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.
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.
- 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.
- 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.
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
- 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