Upstox Account Open Process [Fully Explained]

Upstox is prominent discount broker provide fully paperless (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.

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

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, fisrt you just need to signup for Upstox Account Opening by Clicking here

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
Upstox Account Opening Documents

1- Pan Card
2- Aadhar Card
3- Cancelled Cheque (Personalized) or Front Page 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

Upstox account opening charges

Demat & Trading account opening Charge (Equity & Currency): ₹ 300+GST
Commodity Account Opening Charge: ₹ 200+GST

Upstox Account Opening Process

10 Steps for Upstox Account Open

Open Upstox Account Online In 10 minutes.

You need to follow these 10 steps to open Upstox account. Upstox allows fully online account paperless account opening.

  1. Signup For Account Opening

    Upstox Account Opening Landing Page

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

  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 Zerodha as Your mother’s name, Gender, Political affiliation, Marital Status & Trading Experience & etc.
    KEYIN AADHAR DETAILS FOR UPSTOX ACCOUNT OPEN

  4. Pick Trading Segements

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

    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 Promocode if there is any.

  6. Select Brokerage Plan

    If you want 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 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 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 you 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 recive ID & Password after scrutiny, Upstox account activation usually take even less than 24 working hours.

    Upstox account opening last step completed

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

Cheers!

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