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Upstox Demat Account Charges, Review, Opening

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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 Demat Account

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:

  • CDLS - SEBI Registration Number: IN-DP-118-2015
  • CDSL - RKSV Sec CDSL DP ID: 12081800

10 Reasons to open Demat Account with Upstox

  1. Over 1 lakh customer. 15k+ Cr daily turnover.
  2. Online paperless instant account opening.
  3. Offering brokerage services for 10+ years. Very few complaints from customers.
  4. Free Equity delivery trade. No brokerage.
  5. Flat Rs 20 per execute order or 0.01% whichever is less brokerage.
  6. Manage your demat account online.
  7. Higher margin and advance order types are available.
  8. Both CDSL and NCDL demat accounts are available.
  9. Basic Service Demat Account (BSDA) is available for holding a value up to Rs 50,000.
  10. Safe and reliable way to keep your holdings.

Upstox Demat Account Key Features

  • Corporate benefits like dividends, bonus, interest etc directly deposited in your demat.
  • Facility to transfer shares from existing demat account to Upstox one
  • Auto update of bonus issues, right shares, or stock split
  • Facility to hold mutual funds in the same demat account
  • Fast online customer support
  • Invest online in Equity, MFs, Corporate FDs, and Insurance etc. under the same demat account.

Documents required to open a demat account

Following documents are required to open a demat account with upstox:

  • Proof of Identity (i.e. PAN, Aadhaar, Driving License, Passport, Voter ID etc.)
  • Proof of Identity (i.e. Aadhaar, Driving License, Passport, Voter ID, Bank Account Statement etc.)
  • Proof of Bank (i.e. canceled cheque with the name)

Upstox Demat Account Opening Charges

To open a new demat account with Upstox, the customer may have to pay demat account opening charges. The broker may also charge Annual Maintenance Charges (AMC), a yearly fee to maintain the demat account.

Demat Account Opening Fee₹0 (Free)
Demat Account Annual Charges (AMC)₹300

Upstox Demat Account Charges

UpStox Depository Service Charges for Resident Retail Customers
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 (₹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
Upstox Special Offer

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

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Frequently Asked Questions

  1. 1. Is it compulsory to open a demat account along with a trading account with Upstox?

    Yes. Upstox offers a 2-in-1 account which includes a trading and a demat account.

    Discuss this question

  2. 2. How to transfer shares from existing demat to Upstox demat?

    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.

    Discuss this question

  3. 3. I have an Aadhar card but my current mobile number is not registered with it. What should I do?

    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:

    • Update your mobile number with Aadhar and then open an account
    • Download the PDF Account Opening form, print it, fill it, attach documents and send it to Upstox office.

    Discuss this question

  4. 4. Do I need to send the hard copy of PoA received in the email to open account with Upstox?

    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.

    Discuss this question

  5. 5. Do I have to link my bank account to my Upstox Demat and Trading account?

    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.

    Discuss this question

Contact Upstox / Request Call Back

FREE Account Opening (₹300 waived) (Until 17th May) + FREE Eq Delivery Trading + flat ₹20 per order for Intraday and F&O. Get the Exclusive Offer

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Information on this page was last updated on Friday, February 21, 2020


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