Upstox Account Opening is now becoming very easy with Adhar Card
Headquartered in Mumbai, RKSV Securities Pvt Ltd rebranded themselves as Upstox in 2016
backed by some renowned investors like Ratan Tata, Kalaari Capital, GVK Davix and Tiger Global. Highly popular among millennial, it’s easy and fast interface, and user friendly platform has always been the strength and reason for robust growth.
Page Contents
How to Open an Upstox Demat Account Online
This discount broker is a member of BSE, NSE, MCX and MCX-SX, and allows domestic retail investors on their platform to invest in stocks, commodities, F&O, currencies and MFs at much lower rates compared to traditional full-service broking firms.
Opening account with Upstox is fairly simple and can be done both online as well as offline.
Follow the step by step guide to open your Upstox account and start enjoying their seamless
platform loaded with a host of unique features to trade at the cheapest rate.
Document Required to Open Upstox Account
Keep these mandatory documents ready while you initiate account opening procedure with Upstox.
PAN card
Aadhaar Card
Passport sized photo
Cancelled cheque
Income proof (for trading in derivatives)
Upstox Account Opening Fees
Before opening account with Upstox, you should be aware of the charges
Trading Account Opening Charges – Rs 249/-
Demat AMC Charges – Rs 300/-
Upstox offline Account opening Procedure
In case Aadhaar card isn’t ready or if somebody is not willing to share Aadhaar details, then offline account opening is the best option. Account opening forms are available with brokers or can be availed from your nearest Upstox branch office.
Alternatively the form can also be downloaded from their website
Print the form and fill it up with all details and put in your signature wherever “X” is assigned.
Paste your current passport sized photo in page no. 4 and sign it across.
According to the choice of segment you want to trade / invest, fees amount of the same should be drawn in form of a cheque payable to “RKSV Securities Pvt Ltd”.
Along with the filled up application form, you need to attach a proof of identity and address proof in form of photocopies of appropriate documents and send it to the following address:
RKSV Securities India Pvt Ltd
Maxus Facility, 5 th Floor, Near Temba Hospital,
Bhayander (West), Thane- 401101
On receiving your details a company representative will contact you to take the process forward. A KYC form might also be required to be filled up. Make sure you fill up the nominee details in the application form correctly. Later in-person verification will be conducted to check and validate your details. On completion of the entire process,
Upstox will provide you a Beneficiary Owner Identity (BOID) or Unique Client Code (UCC), so that you can start enjoying their awesome trading platform. During the application process, at any point in time to get an update you can either email at support@upstox.com or call their customer support at 022 6130 9999.
OPEN A FREE DEMAT ACCOUNT
Online Account opening with Upstox
Opening online account with Upstox is very simple and doesn’t take more than 15 minutes.
The paperless eKYC process is relatively easy, convenient and hassle free. But the prerequisite is that your Aadhaar should be linked with your mobile number in order to open online Upstox account. Visit official website of Upstox and click “Open Demat Account” tab or alternatively click this link and key in your email id and mobile number in order to generate OTP.
After OTP verification you need to provide PAN and Aadhaar card details, to which many pre-filled sections would appear on your screen. Complete the online form by providing all required details.
Upload the scanned documents needed and then you will be redirected to payment gateway.
Pay the fees based on the segment you want to trade in. Review and submit the application form. Within few minutes, Upstox will send you an email with 2 attachments of a Demat form and a PoA (Power of Attorney) form.
Within next 24 hours of account activation, you will be assigned a user ID and password for accessing your Upstox account post which you can enjoy seamless trading on Upstox platform with cheapest brokerage.
