Upstox is an online brand of RKSV Securities Private Limited. Incorporated in 2009, RKSV Securities is a Mumbai based online stock brokerage company. Upstox is backed by notable investors like Ratan Tata, Kalaari Capital, and GVK Davix.
Upstox offers trading services in Equity, Currency, and Derivatives across NSE and BSE. It also offers Mutual Funds services to its customers. Upstox has a daily turnover of ₹15,000 crores and over 1 lakh traders use its online platform and broking services.
Upstox offer two trading plans to the customers. The comparison of these plans is provided as below:
Upstox Basic Plan
Upstox Priority Plan
Equity F&O, Commodity and Currency
₹20 per trade or 0.01% (whichever is lower)
₹30 per trade or 0.05% (whichever is lower)
Margin – Intraday Cash
Margin – CO/OCO Orders Cash
To trade in equities, currency or any other asset class on NSE and BSE, you would need a trading account, a demat account and a bank account linked with it. With Upstox, you can open a trading account and a demat account at one. Link it with your existing bank account and you are good to trade!
After opening an account with Upstox, you can use their platforms like Upstox Pro Web and/or Upstox Pro Mobile to access NSE and BSE markets and trade in equities, derivatives, and currencies etc. You would also be able to invest in mutual funds online.
Upstox offers paperless (or online) account opening. The process is very simple and quick.
In case you don't have an Aadhar Card then also you can open an Upstox trading account. Here's how to open a non-paperless account with Upstox:
Upstox's paperless account opening process is instant and you will immediately know the status of your account opening.
If you have submitted signed paper forms you can call or send an email to their customer support team to know the Upstox account opening status. The email and call center numbers are available on the Upstox website.
Upstox account opening PDF forms are available on the upstox website. You can download the form, print it, fill in all the details, paste a recent passport size photo, attach all the required document with a cheque for fees and send it to its office address.
If you are not using the Upstox account then it is advisable to close it to avoid paying any fees charged by the company for maintaining the account. You can close the account anytime you wish to through a simple process. Here are the steps to close an Upstox account-
Your account will not be closed till all your dues are cleared.
It is also important to follow-up with Upstox to make sure the account is closed. You can call or send an email to their support team to know the status of your account closure application. Do not assume that once you sent the application, the account is now closed.
Customer pays account opening fee for trading account opening with Upstox. The account opening fees are as below:
Upstox provides both online and offline ways of opening an account. To open an online account you need a PAN card and an Aadhar card with your existing mobile number registered to it.
The online account opening is instant and paperless. It is the preferred way to open the account.
Upstox offers one simple 2-in-1 account. This account includes a trading and a demat account.
A signed copy is required to take your signature in the online account opening form. You can sign on a plain paper and shoot a photo of it with your mobile phone and upload it as your signed copy.
Your trading account becomes dormant in case you do not trade for 6 months. You can reactivate the Upstox trading account by following these 2 steps-
Your trading account will be activated within 24-48 hours of receiving the documents.
Information about Upstox account opening, Upstox open account, Upstox opening charges, Upstox account opening charges, Upstox account opening status, Upstox amc charges, Upstox account charges and Upstox account closure.
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