How to open demat account in UPSTOX

Risk comes from not knowing what you are doing. Never invest in a business you cannot understand.
– warren buffett

What do you mean by Demat Account ?

A Demat account is like a digital wallet for your investments.

It manage things like stocks, mutual fund investment, IPO (Initial Public Offering), OFS (Offer For Sale), Future & Option, Commodity, Currency and bonds in electronic form, so you don’t need physical certificates. With a Demat account, you can easily buy and sell investments online. It’s an easy & safe way to keep track of your financial assets without dealing with paper documents. for trading in stock market or invest in mutual funds, having a Demat account is the first step.

keep reading how to open demat account in upstox ?

What are the benefits of Demat Account ?

One Platform multiple Investment Options:

1. No More Papers:
   With a Demat account, you don’t deal with paper certificates for your investments. Everything is digital, so no worries about losing or damaging physical documents.
2. Easy Trading:
   Buying and selling stocks or other investments becomes super easy. No paperwork or waiting for days – it happens quickly.
3. Less Paperwork:
   Forget about stacks of paperwork. All your investment records and transactions are neatly stored online.
4. Quick Transactions:
   Transactions like buying or selling stocks are speedy and you can also get “GTT” (Goods Till Triggered) Option for making a single order that having buy, sell, stop loss and duration for making the perfect trade without emotions.
5. Check Your Investments Anytime:
   Keep an eye on your investments whenever you want. Your Demat account gives you instant access to see how your stocks or other investments are doing.
6. Get Dividends Easily:
   When companies pay dividends (profits) to their shareholders, you get it directly in your Demat account. No need to wait for checks in the mail.
7. Choose Someone to Inherit Your Investments:
   You can decide who gets your investments if something happens to you. This makes things simpler for your loved ones.
8. Use Your Investments for Loans:
   If you need money, you can use your investments as collateral for loans. It’s a way to get cash without selling your investments.
9. Apply for New Stocks Easily:
   Want to buy shares in a new company? Applying for Initial Public Offerings (IPOs) is easy with your Demat account.
10. Safe and Secure:
    Your investments are kept safe in digital form. No worries about someone getting hold of your physical certificates.
11. Save Money in the Long Run:
    Keeping a Demat account is usually cheaper than dealing with physical documents.
12. Hold Different Types of Investments:
    Your Demat account can hold various types of investments like stocks, bonds, mutual funds, and more. It’s like a one-stop place for all your investments.
    In a nutshell, a Demat account makes managing your investments easy, quick & hassle-free!

keep reading how to open demat account in UPSTOX ?

Opening Demat account free

Opening an account is free! You only pay charges when you decide to buy or sell Equity, F&O, Commodity and Currency. Upstox offering 2 types of view for best user experience use Upstox Pro free of cost you will have so many cool things like Option IO analisys, PCR, Future heat map, nifty/bank nifty strategies for bullish/bearish/volatile/neutral view for the trade with winning probability percentage, option smart list, future smart list and much more also you can switch it anytime you want.

• Upstox for investors
• Upstox Pro for Traders

Online Demat Account is safe ?

Your Demat account is safe because of strict rules and SEBI’s watchful eye. so it is safe.

also Upstox having more then 1 crore+ Indian Account till the date.

Along with Kalaari Capital, in the 2016 Upstox get funded by Mr. Ratan Tata

Documents for opening demat account

followings are the docs and data you should have before starting the demat account opening process:

keep in mind all the details and docs must belong to the same person

• Mobile Number
• Email account
• PAN card – digital photo
• Adhar Card – digital photo
• Bank Details like account number, IFSC, branch name and City
• Last 6 moths bank statement – PDF for activating segments like F&O, commodities and currencies
  • having the name and account number on top of the bank statement is mandatory or else your verification may be rejected.
  • you have to compress the pdf file if the size is larger then 5mb use online compression tool like iLovePDF
• taking one live photo during the application is compulsory.
  • photo must have your eye open and looking in camera
  • background should be single color.
  • only capture face in normal expression don’t make pout and smiley

How to open demat account in UPSTOX : Step by step account opening process

Step 1 – KYC & bank details

We are good to go if you having all the docs and willing to test the market

1.1 Go through the link below and enter your mobile number

1.2 you will receive an OTP message on your mobile number which you have entered in the box enter the OTP and click continue button, screen will look like this :

1.3 after verifying OTP for mobile number verification you will see the email verification screen as follows

you can simply go with gmail and select the mail account name you want gmail or you can add email address manually using “continue with email” button. after adding mail address you have to verify the mail account using OTP sent over the mail by Upstox.

open your mail box and check for the mail you will see the OTP number there, enter the otp on upstox screen and click continue.

1.4 PAN Number verification :
Enter the PAN number same as on your PAN card and then enter your Date of Birth same as on your PAN card and hit continue, you can see the screen as follows

you will receive a confirmation message that asking the details you have entered is correct or not? if entered something wrong then go for “change PAN” button and enter the details again then confirm.

1.5 then you will see screen that asking for your self like trading expertise, annual income and occupation – fill the details suits you and hit continue

1.6after filling above details you will see next screen asking to select your gender and marital status fill the details and click continue

1.6 now you have to select all the checkbox for the next step for declaration and click continue as follows

After declaration conformation you will see the following screen to add your signature

click draw your signature and then draw the exact signature you used in your PAN card, also be careful do not use back button or else you have to fill some of the details again and repeat above steps from 1.1

if you are using web interface then left clicking with mouse hover will draw the signature in box else if you are using mobile then you have to draw with your finger touch it will take 2-3 attempts for drawing correct one. you can use erase all button to restart drawing signature, after drawing the correct signature click continue…

You will see the address mention in your PAN card, if there is any correction in address hit the “use different address” link or else “Proceed” you will see screen as follows

after confirming the address go to proceed button and link you bank account if you are using UPI tick verify with UPI and then enter your UPI id to link the bank details or else add the bank details manually as follows :

if you tick add bank details you will see something as follows and you have to enter all the details manually including bank account number 2 times, bank IFSC, Name as per in your bank account after selecting the account type saving or current you can proceed further.

then your bank account will be verified automatically and you will see the continue button to proceed for the selfie.

then take a selfie as you have read this mentioned above how to take one, it is a AI (artificial intelligence) that check for the correct face and the outline color of your selfie area will turn green and you can proceed further with the

you will see the pricing plan offer screen that will show the offer click continue.

after selecting the offer you have to enable futures and option segment of trading by uploading the PDF or else new update will show the fetch the data from bank automatically but for that you have to give access for the getting data from your bank.

after that you can add nominee details if there are more then one nominee then you will see the option nominee percentage for assigning the how many % you wanted to allocate by the nominee also you have to add nominee details with first name, last name, PAN number, date of birth and relation ship with your nominee.

It is optional but you should add one in worst case. also this details can be modified latter on.

now the final step for the signing the application using your Adhar, click “sign application” button screen follows :

you have to enter your name as on Adhar and then check depository NSDL or CDSL and check box for the accepting terms and condition, you can also check the terms and condition then click “submit” button and you will see as follows :

Enter Adhar card number and hit the button “Send OTP”

you will receive the OTP on your adhar registered mobile number in some case your parents or the gradian’s number.

after verifying the OTP you are all set and your application is summited.

Now for android open Google play store and download the Upstox app
for IOS go to store and search upstox and Get the latest version app for your phone

then open the app and add your mobile number for login then you can create the 6 digit pin or set finger print for opening the app.

How to connect Upstox with web ?

There are 2 ways to connect the upstox web your web browser on laptop or desktop go to the link https://login.upstox.com/

1. using mobile number and OTP.
2. Open the upstox mobile app and go to the account section
   • find the QR code icon on top right corner and press it
   • your mobile camera scanning QR Code will open, move your camera to the laptop/desktop web version of upstox login page and scan the barcode
   • after successful connecting your mobile will beep once and your web will redirected to the dashboard screen when you can see all the trading features and by using trading view’s chart you can buy, sell, charting making multiple windows for the index or stock as per your need you can customize so many things as per your need.

Disclaimer

Investment in stock market is subject to capital risk and involving in such activities are lead to loses as per the SEBI guidelines every 9 out of 10 traders are loosing money in the market more then 50,000 INR.

Before investing in the stock market get the proper advice from SEBI registered advisory firm or the SEBI registered advisor.

If you find the content helpful, you can use above link for registering to upstox. It is a affiliate link, using above link we get some revenue that encourage us to make more content to help the community.

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