Open Demat Account

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₹0

Charges on Mutual Funds and IPO

₹20

Per order on Equity, F&O, Commodity and Currency

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How to Open a Demat Account

STEP 1

Download the Upstox app or visit the Upstox website

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STEP 2

Enter your Mobile Number and verify with an OTP

STEP 3

Verify KYC and bank details

STEP 4

eSign your form and documents

security

All data is stored safely with encryption as per regulatory guidelines.

Transparent Pricing

With No Hidden Charges

Place trades at just ₹20 per order

₹0Account OpeningDemat + Trading
₹0CommissionMutual Funds and IPOs
₹20BrokerageEquity, F&O, Commodity and Currency orders

Zero QMC applicable for first year to newly onboarded users only.

One Demat Account. Multiple Investment Options.

Mutual Funds
Mutual Funds
Stocks
Stocks
Futures & Options
Futures & Options
IPO
IPO
Commodities
Commodities
Currencies
Currencies
Gold
Gold
Fixed Income
Fixed Income

Why Open an Upstox Demat Account

You can Invest, Trade, Learn & Track Your Wealth all from one account.

Loved & Trusted by 1.3 Crore+ Customers
Loved & Trusted by 1.3 Crore+ Customers
Easy Accessibility
Easy Accessibility
Switch Between 2 Modes
Switch Between 2 Modes
Best-in Class Trading & Investing Tools
Best-in Class Trading & Investing Tools

Documents Required for a Demat Account

Identity proof
Identity proof
Your PAN is required as identity proof and to fetch your ITR Name
Address proof
Address proof
Your Aadhaar required as address proof. Ensure it is linked to a mobile number
Income proof
Income proof
Required only if you wish to activate F&O, Commodities segments

Know more about Demat Account

Everything you need to know about opening a Demat Account

What is a Demat account?

Plus

A Demat (short for Dematerialised) is an electronic account used to hold and manage investments like Stocks, Bonds, Mutual Funds in a digital format. Just as you need to have a bank account to deposit your money and earn interest, you need to open a Demat account to buy or sell financial securities such as Stocks, Mutual Funds, Equity Traded Funds (ETFs), SGBs and more. When you buy stocks or shares, they will get credited to your account.

When you sell the stocks or shares you have purchased,they will get debited from your account.

By opening a Demat account, you do not need to transfer your share certificates physically to the buyer. You need to link your bank account with your Demat account, through which you can easily buy and sell shares. It does not only save your time, but it also reduces the transaction cost.

What is a Demat account?

Benefits of Demat Account

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There are many benefits of opening a Demat Account on Upstox. Let's look at a few of them

  • Easy TrackingDemat accounts make it easier to track & monitor your investments online
  • Reduces Risks No risk of theft, forgery or misplacing your investments
  • Saves Time Lesser time to buy and sell investments online instead of physical transactions

Demat Account Charges

Plus
  • Account Opening: There are no charges to open an Upstox Demat account
  • Account Maintenance Charges: At Upstox, the annual account maintenance charge is free for the first year.
  • Commission: There is zero commission when you invest in Mutual Funds or IPOs.
  • Brokerage Charges: Up to ₹20 on Equity, Futures, Options, Commodity and currency orders.
  • By opening a Demat account, you do not need to transfer your share certificates physically to the buyer. You need to link your bank account with your Demat account, through which you can easily buy and sell shares. It does not only save your time, but it also reduces the transaction cost.

Demat Account vs Trading Account

Plus
TradingDemat
Stores the cash used to buy shares. Any profit and losses from trading reflected here.Stores the bought shares, bonds, government securities, and Mutual Funds in electronic format
Opened via a stockbrokerOpened via a depository participant - CDSL or NSDL
Facilitates trading related transactionsEnsures the safety of shares

Safeguarding Your Demat Account

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Your Demat Account holds all your investments and wealth, so safeguarding it is pretty important. Here are a few pointers to ensure your Demat Account is secure and safe:

  • Add a Nominee to your Demat Account. A nominee is the person you legally appoint to own your shares in your absence.
  • You can add a Nominee by following these steps
  • Keep your account details confidential
    Never share your Upstox Demat and Trading account passwords/PINs with anyone. Update your Upstox App Regularly update your Upstox app for the latest security patches and bug fixes.Beware of phishing attempts! Beware of phishing. Upstox will never ask for passwords/ sensitive details via email/messages. Avoid suspicious links and downloads. Don't click on suspicious links or download attachments from unknown sources Secure your devicesProtect your mobiles/computers with a strong passcode/ biometric authentication for added protection Beware of public Wi-Fi. Avoid using open public Wi-Fi networks when accessing your Upstox app Monitor your account activity. If you observe any suspicious activity, report to Upstox immediately

Key Terms Related to Demat Account

Plus
While using a Demat Account, you will often come across the following terms:

Depository

The depository serves a similar function to that of a bank. In the same way that banks manage your money, the depository provides a digital repository for your assets guaranteeing the utmost security of the investments made. In India, the principal depositories are NSDL (National Securities Depository Limited) and the CDSL (Central Depository Services Limited).


Depository Participant (DP)

The Depository Participant (DP) serves as a bridge between the investor and the depository. They are usually banks, stockbrokers, or financial services companies, who enable you to create as well as manage your Demat account.


Beneficial Owner Identification Number (BO ID)

Your Demat account has a specific assigned number, and it’s a 16-digit unique code. It is your BO ID (Beneficial Owner Identification Number).


Client ID

Your client ID serves as the identifier for your trades and consists of the last eight digits of your Demat account number. It is used to identify, organise and keep records of your trades.


ISIN

A 12-digit unique code issued to identify each security is known as an ISIN (International Securities Identification Number). Each stock, bond, or derivative is assigned an ISIN to help differentiate them in the market.


Power of Attorney

The Power of Attorney (PoA) serves as the user's representative in making certain transactions on the user’s behalf. It provides legal permission for brokers to conduct trades on the user's Demat account. Transactions become a little simpler because you do not have to confirm each trade performed by your broker manually.

Factors To Consider While Opening A Demat Account

Plus

Some factors to think about when opening a Demat account include:


Choosing a suitable Depository Participant (DP)
This is one of the more difficult steps, and it’s advisable to use a well-known bank, brokerage firm, or financial institution that is certified by the NSDL or CDSL.


Analyse costs
From the setup fees, transaction costs, to annual maintenance charges, Demat account providers levy several fees. Try to choose the most cost-effective option for opening a Demat account.


Smooth usability
A user-friendly online trading platform can make accessibility easier. Choose a DP that offers an intuitive interface along with proper technical assistance.


Security measures
Check if your DP is SEBI registered and if they provide a safe medium to protect your money from fraudulent acts and hacking.


Nomination facility
Some DPs allow you to add a nominee, which simplifies asset transfer processes if the need arises. This functionality can be important for long-term planning.


Client-friendly services
A DP should allow management through a mobile app, online, and through a responsive support system so that customers can conveniently control their investments from anywhere.

Awards and Accolades

2020

Most Promising Broking House of the Year

2020
2021

Most Promising Broking House of the Year

2021
2022

Leading Member -
Options

2022
2023

Bronze - BFSI and Fintech Category

2023
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Frequently Asked Questions about Demat Account

What is demat account? What is the use of it?

Plus

A Demat account is an electronic account used to hold and manage your investments in a digital format. It's essential for buying, selling, and holding various financial securities like Stocks, Bonds, Mutual Funds, and more.

The full form of Demat Account is 'Dematerialised Account'. It's like a digital wallet for your stocks and investments.

Why should I have a Demat account?

Plus
A Demat account gets rid of paper share certificates, making investing and trading easier and safer. It lets you access your investments easily, keeps better records, and allows smooth online transactions.

Can I have two Demat accounts?

Plus
No, you can't have two Demat accounts with the same broker. However, you can have multiple Demat accounts with different brokers if needed.

Is Upstox Demat account Free?

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Yes, Upstox doesn't have account opening or annual maintenance fees. It's like having a Demat account that doesn't come with any extra fees. This means you can manage your investments without worrying about extra costs. Upstox's fee-free approach makes it easier for you to handle your investments without any additional financial burden. Whether you're new to investing or have experience, Upstox's no-charge structure keeps things simple and accessible for everyone.

What are the Demat account charges in Upstox?

Plus

Upstox offers a Demat Account with Zero Annual Maintenance Charges (AMC). This means you don't have to pay any fees for maintaining your account. We follow a pay-per-use model. This means, You will only get charged a small brokerage amount when you place an order. Here is our transparent pricing policy .

Can an NRI Open Demat Account?

Plus

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:
  1. 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.
  2. NRO Account (Non-Residential 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.
  3. In addition to an NRE or NRO account, NRIs looking to invest in the Indian stock market through a Demat account must also obtain permission from the RBI (Reserve Bank of India) through one of our partner banks, such as HDFC or Axis Bank. This process falls under the Portfolio Investment Scheme (PIS).
  4. 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.
In short, NRIs can open a Demat account in India by setting up the necessary NRE/NRO accounts and obtaining the required permission through the RBI's Portfolio Investment Scheme, offered in partnership with select banks like HDFC and Axis.

How to transfer shares from one Demat account to another online?

Plus

You can transfer shares from one Demat account to another via an offline or online process.

Offline via a Delivery Instruction Slip (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

What are the types of Demat accounts?

Plus

There are mainly three types of Demat accounts:

Regular Demat account: This is the standard type of Demat account suitable for individual investors. It holds various financial instruments like Stocks, Bonds, And Mutual Funds.

Repatriable Demat account: This account is for Non-Residential 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 account, this is also for NRIs. However, investments and earnings in this account cannot be repatriated.They must remain in India.

How to add a nominee in a Demat account on Upstox?

Plus

Nomination is an important aspect of managing your account in your absence, whether it's your bank account, trading account or Demat account.

A nominee is the person or person(s) you legally appoint to own your shares in your absence.

  • Adding a nominee can provide peace of mind knowing that your loved ones will be taken care of in case of an unfortunate event
  • It can help avoid potential disputes among your heirs about who should inherit your assets
  • Saves your loved ones from having to go through tedious paperwork to access your assets in case of your death
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

What is Dematerialisation?

Plus

Dematerialisation, often abbreviated as 'Demat', is the process of converting physical share certificates and securities into electronic or digital form. In this process:

  1. 1. Physical share certificates are surrendered to a depository participant (DP), typically a bank or financial institution
  2. 2. The DP verifies the certificates and updates the investor's Demat account electronically
  3. 3. The investor is then provided with a statement of holdings, much like a bank statement. This reflects their digital holdings in electronic form

Dematerialisation eliminates the need for physical share certificates and offers several advantages, including:

  • Easy and secure access to holdings
  • Reduced risk of loss or damage
  • Streamlined trading and investment processes

It is a fundamental aspect of modern stock market and investment practices.

How to check the Demat account number?

Plus
To find your Demat account number, log into your broker portal or the online platform of your Depository Participant (DP). This number is a unique 16-digit code, where the first eight digits represent your DP ID, while your Client ID is made up of the last 8 digits. You might look at your account statements, contract notes, or even the Demat account opening form if you have a hard copy to find out the Demat account number. However, in case you are still not able to trace it just contact your DP’s customer support service, they should be able to furnish the necessary information to you.

How to find Demat account number from PAN?

Plus
Your PAN is associated with your Demat account. However, it does not display the account number. In order to retrieve your Demat account number, you will have to log into your broker's portal or check the registered email account for account statements. Alternatively, you can check the NSDL or CDSL website by entering your PAN to check your holdings. For those who have multiple accounts, the simplest way to obtain the correct account details is to contact the appropriate Depository Participant (DP).

What is Client ID in Demat account?

Plus
During account registration, you are assigned a unique 8-digit number known as your Client ID by your DP. The last 8 digits of your 16-digit Demat account refer to the Client ID. This number plays an important role in everything concerning your investment tracking within the depository system. You can locate it on your trading platform, on the contract notes, or your Demat account statements.

What is BO ID in Demat Account?

Plus
A BO ID is a 16-digit number unique to every Demat account holder. The first eight digits are called DP ID which corresponds to your Depository Participant and the other eight are your Client ID, which is unique to each investor. This ID is necessary for almost all transactions, from transferring shares to applying for IPOs. You can check it from your statement of account, or by signing in to your online brokerage account.

What is DP in a Demat account?

Plus
A depository participant is a registered entity with a depository like the NSDL, or CDSL. These DPs help open Demat accounts and manage other services required to process security transactions and generate portfolio reports. A Demat account is opened through a DP with whom the investor has a direct relationship.
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