How to Open an Account with Upstox: A Beginner’s Guide
Introduction
Upstox is one of India’s leading discount brokers, offering zero brokerage on delivery trades and a powerful mobile-first trading experience. Opening an account with Upstox is quick, fully digital, and ideal for beginners. In this guide, you’ll learn how to open a demat and trading account with Upstox step by step.
Documents Required
Have these documents ready in digital format (JPEG or PDF):
- PAN card
- Aadhaar card (linked to mobile number)
- Bank account proof (cancelled cheque or bank statement)
- Signature on white paper (scanned or photo)
- Income proof (only for F&O trading – ITR, salary slip, bank statement)
Step-by-Step Process to Open an Upstox Account
Step 1: Visit Upstox Sign-Up Page
Go to upstox.com and enter your mobile number and email to start the process.
Step 2: Enter PAN and Date of Birth
This step confirms your identity using your PAN database details.
Step 3: Pay Account Opening Charges (if applicable)
While account opening is usually free under offers, if required, you may pay via UPI or card.
Step 4: Verify Aadhaar with Digilocker
Login to Digilocker and fetch your Aadhaar XML file for KYC.
Step 5: Upload Supporting Documents
- Signature photo
- Bank proof
- Income proof (optional unless applying for F&O segment)
Step 6: Complete Aadhaar eSign
Use your Aadhaar-linked mobile number to complete the eSign process through NSDL.
Step 7: Account Activation
Once submitted, Upstox verifies your application and activates the account in 24–48 hours.
What You’ll Receive After Activation
- Upstox Client ID and password
- Access to the Upstox Pro App and Web
- Login to dashboard.upstox.com for reports and fund transfer
- Support for trading in stocks, F&O, mutual funds, IPOs, and more
Why Choose Upstox?
- ₹0 brokerage on delivery
- ₹20/order for intraday & F&O
- Fast and user-friendly mobile app
- Free access to IPOs and mutual funds
- Backed by leading investors like Ratan Tata and Tiger Global
FAQs
1. How long does Upstox take to open an account?
Usually within 24–48 business hours after document verification.
2. Is Aadhaar mandatory to open an Upstox account?
Yes. Aadhaar is needed for digital KYC and eSign verification.
3. Can I open an account if my mobile number is not linked to Aadhaar?
No. You must link your Aadhaar with your mobile to receive OTP for verification.
4. Is Upstox account opening free?
Most of the time, yes. But check the latest offers—some may include a nominal fee.
5. Is income proof necessary for everyone?
No. It’s only required if you want to activate derivatives (F&O) trading.
