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:
Yes. Upstox offers a 2-in-1 account which includes a trading and a demat account.
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.
To open a new demat account with Upstox, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Upstox Demat Account Opening Charges and Upstox AMC as below:
|Demat Transactions||Demat Charges|
|Annual Maintenance charges (AMC)||₹150|
|Transaction charges (Market/Off Market / Inter-depository Transactions)||₹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 ₹50 + NSDL/CDSL charges at actual|
|Pledge Charges for Invocation||0.05% of transaction charges subject to a minimum of ₹50|
|Dematerialization Charges||₹2 per certificate + courier charges of ₹35 per demat request for every 500 grams.|
|Rematerialization Charges||₹25 per certificate or 0.05% of the value whichever is higher|
|SLB Charges||For Securities Borrowings: ₹25 + NSDL/CDSL charges at actual|
For Securities Lending: ₹25 + NSDL/CDSL charges at actual
|Repurchase / Redemption Charges||₹25 per transaction + Depository charges at actual|
|Failed or Rejected Transactions||₹50 per transaction|
|Demat Rejection Charges||₹35 per rejection for every 500 grams|
|Adhoc / Non periodic statement requests||Adhoc statement requests - ₹25 (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at ₹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|
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