How to open an account without an Aadhaar Card?

If you do not have an Aadhaar card, you can choose to print and send us the Upstox account opening form, along with your documents. Sign on all the places marked X. Ensure that your signature is the same as that on the documents you are submitting.

Affix a recent passport-size photo of yourself on Page 4 and sign across it. Please remember that the account opening fee is non-refundable and the same is mentioned on the first page of the form. You will need to attach a cheque for the specified amount and make it payable to “RKSV Securities India Pvt. Ltd.”

The amount will vary depending on the type of account that you have chosen and the segments that you wish to trade in.

If you are opening a Commodities account with Upstox, ensure that you fill out a separate cheque payable to “RKSV Commodities India Pvt. Ltd”. Also, make sure that you have sufficient bank balance to avoid a cheque bounce. If you wish to connect your primary bank account with your Upstox demat and trading account, just send us a cancelled cheque of that bank account. However, remember that the account cannot be the account that you are using to pay your account opening fees.


Send us your documents to:

RKSV Securities India Private Limited

Maxus Facility, 5th Floor

Near Temba Hospital,

Bhayander (West), Thane- 401101



If you want to open a demat account via a faster and shorter process, you can choose to open an online demat account.