Announcements

NSE has made it compulsory for all brokers to discontinue sharing brokerage commissions with individuals who aren’t registered as Authorised Persons (AP). 

What does this mean for you

• - Referral rewards: You can still earn rewards for referring friends to Upstox
• - Brokerage commissions: You won't be eligible to receive brokerage commissions for referred friends from 23 August 2024

What about past commissions?
Any brokerage commissions earned from 17 July to 23 August will be credited to your account, and you can withdraw them anytime.

Interested in earning commissions

• - To continue earning brokerage commissions, you’ll need to sign up as an Authorised Person (AP) here: Upstox AP Registration. To learn more about an AP, click here NSE's AP Information.
• - For further information on NSE’s latest mandate, click here.  Thank you for your understanding and continued support.

We would like to inform you that around 1000 scrips have been disapproved by the Exchange from their list of ‘Approved Securities for Margin Pledge’ based on the circular issued on 8th July 2024.

As per the circular, these scrips will now attract a minimum of 60% haircut starting from 1 September 2024. Earlier the haircut was changed to 40% starting from 1 August 2024.

If any of these scrips are already pledged with us, they will attract a higher haircut starting 30 August 2024. Which means, you will need to have additional funds to keep your positions intact.

In case there are any margin shortfalls, your positions will be squared off on or after 2 September 2024 to comply with the margin requirements.

The list of these 1000 scrips and the circular are attached for your reference.

We advise you to review your portfolio and make necessary adjustments to avoid any inconvenience.

Thank you for your understanding and cooperation.

List of scrips removed: Click here 
Circular: Click here

Please note, the following securities will be removed from SEBI’s ‘Approved Securities for Margin Pledge list’.

As a result, you will not receive margins for F&O trading against these scrips starting Tuesday, 27 August 2024:

NOTE: If you have pledged any of the above, after 27 August 2024, you will not receive margins pledge benefit and you will be required to fulfil the full margin requirement. If you’re unable to pay, we will have to automatically square off your positions to recover the amount by 2 Sep 2024.

We have attached a list of these stocks for your reference.

Please review your portfolio and make necessary adjustments to avoid any inconvenience. Thank you for your understanding and cooperation.

All ITM Natural Gas Option contracts on 23rd August 2024 will be converted into Future contracts.

To avoid square-off, please maintain sufficient margin before 10.00 PM today.

Starting 23 August 2024, you can avail up to 4X margins via MTF to buy and hold Stocks for 365 days.

What does this mean
- Previously, MTF allowed you to buy Stocks with 50% funds, but now you can buy Stocks with a minimum 25% to 50% upfront funds
- You can take positions of up to ₹50 lakhs via MTF

Things to keep in mind:
- All new positions taken from 23 August 2024 will follow the new margin requirements
- Existing positions taken up until 22 August 2024, where 50% margin was blocked, will be adjusted as per the stock-specific margin requirements by the end of 20 September 2024 and the positions shall be moved as per the new margin criteria from 23 September 2024

Here’s an example of how the existing positions will be treated:

When you place an MTF order, you’ll receive an OTP on the same day to authorise the order on CDSL before 7 PM. This is a regulatory requirement to ensure your MTF positions are pledged in favour of Upstox Securities Pvt. Ltd – MTF Account.

Please enter the OTP on the same day to confirm your MTF order. If not, your order will be converted to Delivery by T+1 day, and if there are insufficient funds, we will square off the positions on T+2 day.

For more details, you can check out the T&Cs here.