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How to Open Demat Account Online?
Download the Upstox app or visit the Upstox website
Enter your Mobile Number and verify with an OTP
Verify KYC and bank details
eSign your form and documents
All data is stored safely with encryption as per regulatory guidelines.
Documents Checklist to Open Demat Account
What is a Demat account?
A Demat account is a digital account that holds your investments like stocks, bonds, and mutual funds in an electronic form. Just like you need a bank account to store your money securely, you need a Demat account to safely store securities such as stocks, mutual funds, ETFs, government securities, etc.
A Demat account, like a bank account, credits and debits your securities as you buy/sell them on exchanges, eliminating the need for holding physical share certificates and agreements.
Earlier, investors had to store physical share certificates and bond agreements, without which they couldn't prove the ownership of their investments. To buy one share or bond, you would have to fill out lengthy paperwork and invest a lot of time. To combat this, in 1996, the Depositories Act outlined the legal framework for National Securities Depository Limited (NSDL), allowing investors to hold their investments electronically. Later in the 2000s, SEBI mandated Demat accounts for IPOs and trading to ensure smooth and quick transactions of securities. Learn what a Demat Account is and how it works
Documents Required to Open Demat Account
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If you already have a Demat account with another broker, you do not need to re-upload these documents. They will be fetched automatically from the Central KYC Registry.
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If you do not have a Demat account with another broker, these documents will be fetched from DigiLocker. For this, your Aadhaar needs to be linked with your mobile number.
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Want your Demat account for futures, options, currencies and commodities? Keep these handy: salary slips, bank statements or ITR, etc.
Advantages of Opening a Demat Account
A Demat account offers multiple benefits to investors and traders, beyond securely storing their shares. Here are the key advantages of opening a Demat account with Upstox:
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Convenience A Demat account allows you to buy and sell shares online without handling physical documents or signing cheques. You can buy, sell, and access your holdings anytime and anywhere. With Upstox, investors can open zero-balance Demat accounts with zero account-opening charges.
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Enhanced Investing Experience All equity cash segment trades follow a T+1 settlement cycle as per exchange regulations. For example, if you buy 100 shares today, the shares will be credited to your account by the next business day. This frees up capital faster, allowing traders and investors to execute their strategies more efficiently.
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Low Risk of Theft Since a Demat account stores your shares electronically, there is minimal risk of forgery or loss associated with physical certificates. In a Demat account, all your investments are protected by SEBI-registered depositories like NSDL and Central Depository Services (India) Limited (CDSL). Even if you misplace your device, your investments remain secure within the depository system and can be accessed by signing in to your broker's platform using your Client ID and OTP.
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Compliance with SEBI Guidelines SEBI has discontinued physical transfer of shares (except transmission/transposition case), as physical trading was difficult to track and increased the chances of fraud.
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Loans Against Securities You can pledge the securities held in your Demat account with banks or NBFCs to secure a loan against your investments. This can benefit investors facing a financial crisis by allowing them to avail of loans without selling their investments.
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Automatic Receipt of Dividends & Stock Splits All stock splits and bonus issues are automatically credited to your Demat account. Besides, dividends on stocks are credited to your Demat-linked bank account. For example, if a company declares a 1-for-2 stock split, the shares in your Demat account will be automatically split, requiring no intervention.
Why you should open a Demat account with Upstox
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Powerful Web Suite – Built for Every Trader Access four advanced web platforms, Chart 360, Scalper, TradingView, and Upstox Pro Web, each designed for different trading styles. Whether you're a scalper, intraday trader, swing trader, or long-term investor, there's a platform tailored to your needs. Powered by Tick-by-Tick (TBT) data, Upstox captures even the smallest price movements that many platforms miss. Enjoy multi-chart layouts, advanced indicators, seamless analysis tools, and lightning-fast execution, all built to make trading smoother, faster, and more precise.
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Smart Risk Management Tools Protect profits with a Trailing Stop-Loss that automatically adjusts as prices move in your favour. If a stock rises, your stop-loss rises with it, locking in gains. If the stock falls, the stop-loss doesn't move down, helping limit downside risk. This allows you to ride trends confidently while managing losses efficiently. You can also place a 3-leg GTT order, which allows you to add the entry and exit price, including Stop-Loss and Target.
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Margin Trading Facility (MTF) & Cashless MTF Buy stocks by paying just 25% upfront, with Upstox funding the remaining, up to 75%. With Cashless MTF, you can even use your existing holdings as collateral, freeing up capital without blocking cash.
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Integrated Advisory Services Get research-backed insights and curated ideas across equity, intraday, F&O, commodities, and MTF, all within the platform.
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Invest + Trade, All in One Place Trade Stocks, F&O, Commodities, and invest in Mutual Funds & IPOs on a single app and web interface.
Demat Account Charges & Fees
| Types of Charge | Charges Applicable |
|---|---|
| Demat account opening charges | ₹0 |
| Annual Maintenance Charges | Non-BSDA Users: = ₹354 (Incl. 18% GST) per year BSDA Users (holdings up to ₹4L) = ₹0 per year BSDA Users (holdings between ₹4-10L): ₹118 (Incl. 18% GST) per year BSDA Users (holdings > ₹10L): ₹354 (Incl. 18% GST) per year |
| Pledging/Unpledging Charges | ₹20 + GST per scrip |
| Invocation Charges | ₹50 + GST |
| Physical CMR Charge | ₹10 per page |
| Off-market Transfer | Buy orders to be charged at ₹100 or 1.5% of the transaction amount (whichever is lower) 'Invest More' orders to be charged at ₹100 or 1.5% of the transaction amount (whichever is lower). SIP orders to be charged at ₹10 or 1.5% of the transaction amount (whichever is lower) |
| Dematerialisation Charges | ₹100 per certificate + ₹50 courier charges |
| Rematerialisation Charges | ₹100 per certificate + ₹50 courier charges |
Upstox maintains transparent pricing and discloses all applicable charges upfront so that the user is informed of all charges before opening a Demat account. Upstox doesn't have a one-size-fits-all approach to its Annual Maintenance Charges (AMC) and has different AMCs based on your holdings.
Awards and Accolades
Most Promising Broking House of the Year
2020
Most Promising Broking House of the Year
2021
Leading Member -
Options
Bronze - BFSI and Fintech Category
2023
Testimonials
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Excellent Trading Experience with Upstox! I've been using Upstox for a while now, and I must say it's one of the best trading platforms out there. The user interface is clean, fast, and very beginner-friendly. I love how easy it is to track my investments and execute trades instantly. The charts and analytical tools are top-notch, helping me make informed decisions. Also, the account opening process was super quick and completely paperless.
Somnath Das
It's good to see upstox getting better day by day...I started my trading journey with the upstox app and I can say a lot of improvements have been made and keep the good work team!
Akhil Nair A
I have been using upstox since 2021 for investing and trading. And till now not a single glitch happened in this system while trading and personally I didn't find any glitch in this system. They really maintained their systems well. And I really think my money is safe here. In this app we can invest and trade in stocks, we can book FD also, we can buy insurance also and many more. Just want to request the team that if possible make this app globally investible, so that we can invest anywhere.
Sainath Sawant
FAQs about Opening a Demat Account
What are the types of Demat accounts?
There are mainly three types of Demat accounts:
- Regular Demat Account: This is the standard Demat account type suitable for individual investors. It holds various financial instruments such as stocks, bonds, and mutual funds.
- Basic Services Demat Account (BSDA): SEBI introduced BSDA as a special account that charges lower AMC compared to a regular Demat Account. This account is suitable for smaller investors and traders.
- Minor Demat Account: Though a minor cannot open a regular Demat Account, their guardians can open a Minor's Demat Account in their name and manage it until the minor reaches 18 years of age.
- Corporate Demat Account: Corporate/LLPs/Partnerships can open a Corporate Demat Account designed specifically for managing their business investments.
- HUF Demat Account: HUF Demat Account is for Hindu Undivided Families (HUFs) to offer a unified investment approach.
- Repatriable Demat Account: This account is for Non-resident Indians (NRIs) who want to invest in the Indian stock market using foreign funds. Investments and earnings in this account can be repatriated (transferred) back to the NRI's foreign bank account.
- Non-Repatriable Demat Account: Similar to the Repatriable Demat Account, this is also for NRIs. However, investments and earnings in this account cannot be repatriated. They must remain in India.
What are the charges for opening an account?
Who can open a Demat Account?
Can an NRI open a Demat Account?
Yes, NRIs can open a Demat account in India to invest in stocks, IPOs, mutual funds, F&O, and more, but there are some key considerations to keep in mind.
- To get started, NRIs must have either a PIS NRO (Portfolio Investment Scheme Non-Resident Ordinary) or a PIS NRE (Portfolio Investment Scheme Non-Resident External) account.
- Here's a breakdown of these accounts:
- NRE Account (Non-Residential External): This account is designed to hold foreign income, and the funds in it are fully repatriable. This means you can freely transfer money back to your home country.
- NRO Account (Non-Resident Ordinary): On the other hand, an NRO account is meant for holding Indian income. The funds in this account are non-repatriable, meaning you can't easily take the money abroad.
- In addition to an NRE or NRO account, NRIs must obtain permission under the Reserve Bank of India's (RBI's) Portfolio Investment Scheme (PIS) through one of the authorised partner banks, such as HDFC or Axis Bank.
- With a PIS account, NRIs have the flexibility to use funds from both their NRO (non-repatriable) and NRE (repatriable) bank accounts for making investments in India.
Can I have multiple Demat accounts?
Can a Demat Account be opened jointly?
Yes, you can open a joint demat account online on Upstox by following these steps:
Step 1. Fill out the Upstox Demat account application form and enter the details of all account holders.
Step 2. Next is KYC. You can complete the KYC procedures online by submitting the required documents. You can also add nominee(s) to the account.
Step 3. After all documents are submitted, an in-person verification (IPV) or video KYC will be conducted.
Step 4. Once the documents are reviewed and verified by the depository participant, the joint account will be created. On activation of the account, all joint holders will receive the account credentials.
Is a demat account mandatory for applying for an IPO?
Do I require a demat account for SIP?
What are the types of securities one can hold in a Demat account?
How much time does it take to open a demat account on Upstox?
How to add a nominee to a Demat account on Upstox?
Steps to add a nominee to your Upstox Demat+Trading account:
- Log in using your 6-digit PIN or Biometrics
- Click on 'Account' and then 'Profile.'
- Click 'My nominees' under 'Profile.'
- You will be redirected to the 'Nominee details' page, where you will click on 'Add nominee' or 'Opt-out.'
- Fill in the nominee details and then click on 'Continue.'
- Upload an ID proof of the nominee
- Once the documents are uploaded, enter the "Nominee share in %" you want to give to that nominee. You also have the option to add up to 3 nominees to your account
- eSign with Aadhaar OTP
How to transfer shares from one Demat account to another online?
You can transfer shares from one Demat account to another via an offline or online process.
Offline via a Delivery Instruction Slip (DIS):
- Use the DIS included in the Demat account's welcome kit.
- Fill in the DIS with details like BO ID, ISIN, DP Name, and Depository
- Choose 'Off Market' if transferring within the same Depository
- Submit the filled DIS to the current broker
- The broker verifies and sends it to the Depository
- Depository transfers shares to the new broker
- Some fees may apply, but closing a Demat account is free with an unused DIS