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How to Open a Demat Account?
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
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Know more about a Demat Account
Everything you need to know about opening a Demat Account
What is a Demat Account?
A demat account is an account that stores your financial securities in electronic form. The term Demat stands for dematerialisation, which means converting physical share certificates into a digital format.
A demat account allows investors to hold shares, bonds, exchange-traded funds, mutual funds, and other securities securely without the need for physical certificates. To buy and sell securities in the stock market, you need both a demat account and a trading account.
Opening a demat account online has made investing easier, faster, and more accessible for everyone. Learn what a Demat Account is and how it works
Types of Demat Account
A demat account is broadly classified into four types:
- Regular Demat Account: This standard demat account is designed for resident Indian investors to hold and manage securities electronically. Apart from the regular demat account, there are non-individual demat accounts which can be opened by Hindu Undivided Family (HUF), Limited Liability Partnership firms (LLP), and corporates.
- Basic Service Demat Account (BSDA): This is a special type of demat account designed for retail investors with small portfolios. Holdings up to ₹4 lakh have zero annual maintenance charges.
- Repatriable Demat Account: This demat account is suitable for NRIs investing through foreign funds, allowing earnings abroad transfer.
- Non-Repatriable Demat Account: This demat account allows NRI investments, but funds and earnings remain within India.
Documents Required to Open a Demat Account
To open a demat account online, you need a few essential documents. The demat account opening process at Upstox is completely digital and hassle-free.
The documents required for opening a demat account are:
- PAN Card: It is a mandatory document required for identity verification and compliance with regulatory requirements.
- Aadhaar Card: It is used for address verification and online e-KYC. To complete the digital eKYC, your mobile number must be linked with Aadhaar.
- Bank Account Details: It is required to link your bank account for fund transfers and settlements.
- Income Proof for F&O: Income proof is needed only if you want to activate F&O, commodity and currency segments.
How to Open a Demat Account Online?
You can open a demat account in just a few simple steps. The entire process takes only a few minutes and can be completed using your smartphone or computer.
Step 1: Visit the Upstox website and click on Open Demat Account or download the Upstox app.
Step 2: Register using your mobile number and email ID.
Step 3: Enter your basic details and upload your PAN Card and Aadhaar Card.
Step 4: Add and verify bank details. This bank account will be linked to your trading and demat account for fund transfer.
Step 5: Complete the e-KYC process and add nominee details. (Users can either add a nominee or opt out of nomination).
Step 6: Finish selfie verification and complete e-sign using the Aadhaar OTP.
Step 7: Once verification is successful, your demat account will be activated, and you will receive a welcome letter from Upstox.
Why Do You Need to Open a Demat Account with Upstox?
Here are the reasons to open a demat account with Upstox:
Trade in stocks, F&O, and commodities while investing in mutual funds and IPOs through a single platform designed for convenience.
Access Chart 360, Scalper, TradingView, and Upstox Pro Web with advanced tools, multiple charts, indicators, and tick-by-tick data support.
The three-leg GTT orders allow users to set entry, target and stop-loss to protect profits, manage risks, and improve trading discipline effectively.
With the Margin Trading Facility, users can buy stocks by paying only 25% upfront, while Upstox funds the remaining 75% at a nominal interest rate. Cashless MTF allows you to use existing holdings as collateral to pay the upfront margin.
Access research-backed insights and curated trading ideas across equities, intraday, commodities, F&O, and MTF segments.
Benefits of a Demat Account
Online demat accounts have transformed the investing experience by offering convenience, security, and efficiency.
A demat account holds securities electronically and eliminates the risks associated with physical certificates and paperwork management.
Demat and trading accounts help to buy and sell securities through stock exchanges without the limitations of physical share transfers.
It monitors holdings, tracks valuations, and reviews investment performance anytime through your demat account online.
In a demat account, electronic settlements are made where securities are automatically credited or debited after successful transactions.
It maintains accurate holding records and tracks investment periods efficiently for tax planning and long-term investing.
Demat Account Charges
Demat account opening charge with Upstox is ₹0.
- Non-BSDA users: AMC is ₹300 + 18% GST.
- BSDA users with holdings up to ₹4 lakh: AMC is zero.
- BSDA users with holdings between ₹4 lakh and ₹10 lakh: AMC is ₹100 + 18% GST.
- BSDA users with holdings above ₹10 lakh: AMC is ₹300 + 18% GST.
Note: The full form of BSDA is Basic Services Demat Account.
- Pledging and unpledging charges: ₹20 + 18% GST per scrip.
- Invocation charges: ₹50 + 18% GST.
- Physical CMR charges: ₹10 per page.
- Off-market transfer charge is ₹100 or 1.5% of the transaction value, whichever is lower.
- SIP order charge is ₹10 or 1.5% of the transaction value, whichever is lower.
- Dematerialisation charges: ₹100 per certificate + ₹50 courier charges.
- Rematerialisation charges: ₹100 per certificate + ₹50 courier charges.
Demat Account vs Trading Account
Here is the difference between a demat account and a trading account:
| Basis | Demat Account | Trading Account |
|---|---|---|
| Purpose | Stores securities electronically | Facilitates the buying and selling of securities |
| Function | Acts as a digital repository for investments | Connects investors with stock exchanges |
| Requirement | Needed to hold shares after purchase | Needed to execute market transactions |
| Asset Storage | Maintains ownership records of securities | Does not store securities |
| Usage | Used for holding investments safely | Used for placing buy and sell orders |
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FAQs on Demat Account
What is a demat account, and how does it work?
A demat account is an electronic account used to hold shares and securities in digital form. When you open a demat account online, your investments, such as stocks, bonds, ETFs, and mutual funds, are stored securely without physical certificates.
During trading, the trading account facilitates buying and selling transactions, while the demat account reflects the credit and debit of securities after settlement. Opening a demat account simplifies investing by ensuring safe storage, seamless transactions, and easy portfolio management.
What are the documents required to open a demat account online?
What are the charges of opening a demat account with Upstox?
Demat account opening charges with Upstox are zero, making it convenient to open a demat account online. However, the annual maintenance charge for maintaining the demat account is ₹300 plus 18% GST. In Upstox, the first year AMC is free; the charges will be applicable from the second year.
Investors should review the complete schedule of charges associated with their trading account and demat account before opening a demat account.
Is a demat account mandatory for trading?
What is the difference between a demat account and a trading account?
A demat account stores shares and securities electronically after settlement, ensuring safe and paperless investment ownership. Whereas a trading account enables investors to buy and sell securities through stock exchanges using registered brokers.
A trading account executes transactions, while the demat account holds the purchased securities. Both accounts work together during the investment process.
What is an NSDL and a CDSL demat account?
Who can open a demat account?
These people can open a Demat account:
- Resident Indian Individuals: Any resident Indian above eighteen years can open a demat account with Upstox.
- Non-Resident Indians: Eligible NRIs can complete opening a demat account, subject to applicable regulatory guidelines.
- Minors: Parents or guardians can open a demat account on behalf of minors until adulthood.
Can an NRI open a demat account?
Can a minor open a demat account?
Can a company open a demat account?
Can a HUF open a demat account?
What is a Joint Demat Account?
How long does it take to open a demat account?
Can I open a demat account if my Aadhaar is not linked to my mobile?
How to add a nominee to a demat account on Upstox?
How to transfer shares from one demat account to another online?
If your demat account is with Upstox and registered with CDSL, you can transfer your shares from one demat account to another through CDSL Easiest. Alternatively, you can submit a Delivery Instruction Slip (DIS) to request an offline transfer.
The transfer process enables investors to move securities efficiently from one demat account to another while maintaining ownership records accurately.