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89.6% 4,059,412 Clients
Upstox, an online stock trading and investment brand of RKSV Securities. RKSV Securities was incorporated in 2009 and is headquartered in Mumbai. The company is an online stock broker. It offers trading services in Equities, Derivatives, Commodities, and Currency at NSE, BSE, and MCX.
Upstox is famous for its discount brokerage plan. The company has one of the best online trading software available in the market today.
Upstox is also a depository participant with Central Depository Services (India) Limited (CDSL) and National Securities Depository Ltd (NSDL). Upstox offers the Demat Account and its related services.
Upstox 2-in-1 account includes a demat account and a trading account linked together. This offers seamless transactions of shares between these two accounts.
Depository Services (Demat Account) is an important service offered by Upstox. Customer needs a demat account to trade/invest in the stock market and mutual funds. Demat account allows its customer to hold shares of the company in electronic format.
The Upstox Demat Account offers a secure, safe, and hassle-free investment in Shares, Mutual Funds, IPOs, Bonds, NCDs etc. A demat account is very similar to a bank account where you holds shares, mutual funds, bonds etc in electronic format.
Upstox is the depository participant (DP) of CDSL and NSDL. CDSL and NSDL are two designated depositories in India.
When you open a demat account with Upstox, you actually open the demat account with CDSL or NSDL through Upstox.
CDSL and NSDL hold the securities in the demat account. Upstox as DP service the customer demat account. DP's take fee from the customers for servicing the demat account. CDSL also charges fees on each demat account transaction.
Upstox (RKSV Securities) DP Membership Info:
Following documents are required to open a demat account with upstox:
To open a new Demat account with Upstox, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.
| Service | Charges |
|---|---|
| Demat Account Opening Fee | Rs 0 (Free) |
| Demat Account Annual Charges (AMC) | Rs 0 (Free) |
| Demat Transactions | Demat Charges |
|---|---|
| Annual Maintenance charges (AMC) | Rs 150 |
| Transaction charges (Market/Off Market / Inter-depository Transactions) | Rs 15 per debit instruction + depository charges at actual |
| Pledge Charges Creation / Closure and Confirmation of both | 0.02% of transaction charges subject to a minimum of Rs 50 + NSDL/CDSL charges at actual |
| Pledge Charges for Invocation | 0.05% of transaction charges subject to a minimum of Rs 50 |
| Dematerialization Charges | Rs 2 per certificate + courier charges of Rs 35 per demat request for every 500 grams. |
| Rematerialization Charges | Rs 25 per certificate or 0.05% of the value whichever is higher |
| SLB Charges | For Securities Borrowings: Rs 25 + NSDL/CDSL charges at actual For Securities Lending: Rs 25 + NSDL/CDSL charges at actual |
| Repurchase / Redemption Charges | Rs 25 per transaction + Depository charges at actual |
| Failed or Rejected Transactions | Rs 50 per transaction |
| Demat Rejection Charges | Rs 35 per rejection for every 500 grams |
| Adhoc / Non periodic statement requests | Adhoc statement requests - Rs 25 (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs 10 + courier / postage charges. |
| E-Mail Statement | Free periodic bills, transaction statement and other communication through email. |
| Cheque Bounce charges | Charges applied based on charges as determined by our bankers |
It is a limited-time offer. Open Instant Account online and start trading the same day.
Upstox offers both trading and a demat account. The upstox trading account gives you access to stock exchanges or permits you to buy & sell securities. The upstox demat account is used to hold securities in electronic format for online trading. Both demat and trading accounts are required for trading/investing in India Stock Market.
Your Demat Account Number is a 16-digit number consisting of 8 digits DP ID and 8 digits Client ID. The first 8 digits of your demat number is the DP ID, also known as Depository Participant ID. You get a DP ID when you open a demat account with Upstox.
Steps to check DP ID
Example Demat Information
Upstox is a Depository Participant (DP) of central depositories CDSL with DP ID as 81800. Check RKSV CDSL Membership detail.
CDSL (Central Depository Services Limited) and NSDL (National Depository Services Limited) are 2 central depositories in India that holds your demat account.
Stock Brokers like Upstox only play the role of intermediary between the customers and the central depository.
Note: Before taking the membership of CDSL, Upstox had a partnership with IL&FS. IL&FS has NSDL membership. While most Upstox clients are moved to Upstox DP, some may still be using the IL&FS NSDL account.
You can create a Upstox account online as well as offline. A complete online account opening (paperless and instant) is available to customer who has their Aadhar linked to their current mobile number for OTP confirmation.
Upstox offers its customers a 2-in-1 account wherein the trading and demat account are opened together. Here are two easy ways to create an account:
You could also download the account opening form from the company website, fill it, sign it, attach a photo and required documents and send it to the company's head office.
You could close the Upstox demat account by submitting an account closure request. A signed paper form has to be sent to upstox for account closure. The account closure service is not available online.
Steps to close Upstox Account
Please clear all your dues, close all open positions and move all securities held in the demat before initiating the closure process.
Upstox offers an online IPO application. Upstox customers can apply in any IPO at BSE and NSE using their UPI ID.
Steps to apply IPO through Upstox
Steps to apply IPO through Net Banking
For detail bank-wise instructions, visit ICICI, HDFC, SBI, Kotak, Axis Bank
Yes. Upstox offers a 2-in-1 account which includes a trading and a demat account.
You can use Upstox Pro trading software (website or mobile app) to buy shares online.
Steps to buy shares in Upstox
Note:
Transferring your shares in existing demat account to Upstox demat account is easy. You need to submit a DIS Slip to your existing brokerage company with the details of your holdings and your upstox demat account detail.
Aadhar card with the current mobile number registered to it is mandatory for online account opening. The OTP for verification is sent to the registered mobile number. You have 2 alternatives if your current mobile number is not registered with Aadhar:
The Power of Attorney letter is a legal requirement that permits your broker to conduct transactions and transfer shares to the exchange from your account.
Earlier it was mandatory to fill and send the hard copy of the Power of Attorney (PoA) to the Upstox office. However, recently Upstox has replaced the process with electronic delivery instruction slip service (e-DIS). Upstox is the first broker to start e-DIS which allows you to sell stocks from your demat account in real time.
Now whenever you place a SELL order on the Upstox platform, you'll be taken to a dialogue box that seeks your permission using the e-DIS facility. You need to verify your transaction by entering the OTP sent on your registered mobile and email.
Yes, you have to link your primary bank account with your demat and trading account. The dividend paid on the shares you hold are directly deposited into your bank account.
The BOID in upstox is the customer's demat account number. It is a 16 digit number starting which is the combination of upstox DP ID and customers demat account number. You can find your BO ID in your demat account statements or by visiting the profile section of upstox's website.
The DP ID is a 16-digit number. The first 8 digits represent Upstox DP ID with CDSL. The last 8-digits comprise the Client ID. You'll get your DP ID when your account is opened with Upstox.
Sample Upstox BO ID: 1208180000123456
Steps to get BO ID in Upstox
Upstox Demat and Trading accounts can be closed online by submitting a closure request through the mobile app or the web portal.
Look for the Account closure section under your Profile once you log in to the Upstox app/website. Click on the link to confirm account closure by providing a reason for closing the account.
Before initiating account closure, ensure all the dues are cleared, and there is no holding in your Demat account, failing which the closure request can get rejected.
Once the request is submitted, your account gets closed within 7 days.
Information on this page was last updated on Thursday, October 7, 2021
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I am connecting to the team on a daily basis, as soon as it is called on the chat, we are getting the call back arranged for you but I have not received any call till date. And the contact number is always busy
Till I did not make the payment, I used to call on daily basis to pay but no call after payment.
Your service is very poor...
please refund my account opening amount ....i don't want to continue with you ....very bad service