Upsstox account opening is a prominent & fastest growing discount broker. Upstox also offers a fully paperless account opening. In this article, I’ll explain the exact process to open a demat & trading account with Upstox through an online or offline medium.
If you wanted to know anything about Upstox before Upstox account opening as like charges, Trading Platform, AMC, Brokerage & transaction fee, You can read more about Upstox Click here.
Upstox Account Opening Procedure
You can opt for Upstox account opening 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 than offline mode.
If you don’t want to use your Aadhaar as you don’t have an 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.
Now let’s get started for the Upstox account opening. In this process, We will be looking at all the steps involved & all the possibilities for upstox account opening requirements.
Upstox Online Account Opening Process
First, you just need to signup for Upstox Account Opening. I have mentioned all the required documents & account opening charges below.
Upstox Online Account Opening Documents
Here are the documents required to open an Upstox demat account. I’ll recommend keeping soft copies of all these documents ready before as you need to upload these mentioned documents for account opening.
- Pan Card
- Aadhar Card
- Your Signature
- Your Passport Photo
- Canceled Cheque (Personalized-Name Should Be Mentioned) or FrontPage of Passbook which you want to link to your Upstox account for fund transfer
- Bank statement last 3 month- for F&O segments (Optional)
If you don’t have these documents ready don’t worry upstox allow you to upload documents later.
Online Upstox Account Opening Charges
Upstox usually charges Rs. 300 for Demat & Trading opening & Rs. 200 for commodity account opening.
Currently, Upstox offering free account opening in all segments so they don’t charge anything to open a demat account & Trading account.
To avail Upstox account opening offer you have to click on the upstox free account opening link in the given box. Your free account opening promo code will be applied automatically.
Step By Step Process For Online Upstox Account Opening
You need to follow the 10 steps process to open upstox account online.
Open Upstox Account Online 10 minutes
Upstox Sign Up
You need to Fill in Basic Details as your Email Id, Password & Mobile No then click on Continue to Signup to open upstox account. Here is the upstox account opening link
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 & etc.
Pick Trading Segment
Now you need to select the trading segment according to your needs.
Pay Upstox Account Opening Charges
Now you have to pay for Upstox 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.
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 Rs. 20 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.
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 opt for Online Aadhar digitally sign, then the 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 don’t need to send a Power of Attorney (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.
If you have applied for opening an account & submitted your application. You will receive an ID & Password after scrutiny, Upstox account activation usually takes less than 24 working hours.
Offline Upstox Account Opening Process
If your Mobile number is not registered with aadhar then you can open Upstox account without aadhar card through offline mode.
The traditional method of opening an account offline involves printing out the physical account opening forms and sending them via courier to the Upstox head office address.
Offline Upstox Account Opening Charges
In Upstox Offline Account Opening Process, you don’t have to pay extra charges for the offline procedure. In case, If you opt for an offline account opening process then you have to borne charges particularly for:
- Printing Cost Of Account Opening Form
- Courier Charges For Sending Account Opening Form to Upstox head office
You have to pay the above charges only when you go for the offline method. So, if you want to save the above charges then you can opt for the online method.
Step By Step Process For Offline Upstox Account Opening
I have clearly mentioned each-step of the offline account opening page. If you will follow the instructions efficiently you can apply for an account opening.
- First, You have to register your name, mobile number & email id to start the offline process. In case if you will get stuck in between customer support will reach out to help you.
- Just after applying for an offline account opening your Upstox Account Opening Application form will be downloaded.
- You need to Print & fill the application form. Physically Signed on all requested pages attach all the required documents.
- You need to courier the Upstox account opening form along with self-attested documents to the Upstox head office address mentioned below.
30th Floor, Sunshine Tower
Senapati Bapat Marg
Dadar (W),Mumbai- 400 013
Upstox Account Opening Status
Just after completing the upstox account opening process, Your account will be activated soon if there are no discrepancies in the submitted forms. The average time taken for upstox account opening time is 24-48 working hours.
You can also login to the dashboard for upstox account opening tracking but this where you can check your Upstox account opening status. This feature is only available if you have applied through the online method.
Upstox Account Opening Form Rejection
Usually, when your upstox account not opening & your application still showing under scrutiny for a long time. It might possible that there may be something problem with the application form.
Here is the possible issue for which reason your upstox application being rejected.
- Incomplete documents or unclear pictures of files
- Mismatch of the details in PAN/Aadhaar card
- Mismatch of signature from PAN Card
- Mismatch of bank information details
- IPV not uploaded properly
In case if you have any problems in opening an account with Upstox you can reach out to the customer support helpline so they can help you open an account.
Upstox Account Opening Costumer Support
In case, if your Upstox Application is taking longer then usual you can reach out to the support team over the upstox account opening helpline number firstname.lastname@example.org
Upstox usually opens up accounts on the same day just after they receive the signed account opening forms. You will also receive a confirmation email just after the account is activated.
Upstox 3 in 1 Account Opening
Upstox partnered with Indusland Bank to start offering Upstox 3 in 1 account (Demat, Trading & Saving Account) service named Industox. In case if you want to open Upstox 3 in 1 account you can apply from the link given below.
You will get these benifits in upstox 3 in 1 account:
- You will 10 Free Call N Trade facility per month with Upstox on-call specialist.
- Personalized Indusland Bank account makes your fund transfer process more hassle-free through smart transfer.
- Indusland Bank Zero Balance account opening with the customizable account number
You don’t have to pay any extra charges to open upstox 3 in one account. Even Industox (3 in 1 account) brokerage & charges are the same as Upstox 2 in 1 one account.
After opening an account with Upstox opening you can log in to the web platform or use Upstox Pro on your mobile to start trading. Link For Upstox Pro Platform
That’s all, I have shared a complete step by step process on how you can open your upstox account. I will recommend using the online method while opening your account as it faster, affordable & fully online paperless process. If you find any questions/queries ask me in the comment section.