Are you looking to open a new Trading and Demat account on Upstox? Don't worry, we've got you covered. Just follow our step-by-step guide, with complete screenshots, to streamline the process and get you started in no time.
Steps to open a new Trading and Demat account via website:
1. Visit https://upstox.com and sign up with your mobile number
2. Next, verify your mobile number by entering the OTP sent on that number
3. Set a 6-digit PIN to sign-in
4. Enter the 6-digit PIN to sign-in
5. Next, add your email address by selecting any one option
6. Verify with an OTP for the registered email ID
7. Fill in your personal details and click ‘Continue'.
If you are a KRA-compliant customer, you need to proceed with the below step after entering personal information.
8. Next enter PAN details and Date of Birth
9. After entering your PAN card number and DOB, a popup will appear. Click "Confirm" to proceed with the same PAN card details displayed on the popup.
Note: If you’ve an existing Demat account with another broker it means:
10. If your KYC details have not been verified and authenticated, you will need to complete the KYC registration process by linking your DigiLocker with Upstox.
Note:If this is your first Demat account, it will mean that you’re ‘Non- KRA’ Compliant as you’ve not completed your registration process with the KYC Registration Agency (KRA).
Kindly follow the steps below in order to link your Digilocker account with the Upstox Digilocker application.
6. On the next screen you will see a request to allow camera access to capture a LIVE photograph (a requirement mandated by SEBI)
Note:
7. Link your Savings/Current bank account for fund transfers for trading and investing. Ensure to add your own bank details, and know that joint accounts are accepted
Note: In a joint account, if the person opening the account is the first holder, the process will proceed. However, if they are the second holder, neither UPI nor the manual process will allow further progression.
8. Next you’ll see benefits of your brokerage plan
9. Draw your ‘Signature’ or ‘Upload photo’. Kindly ensure your signature matches with your PAN
10 1. Details on Digital Signature:
If you click on ‘Sign digitally’, ensure you follow the instructions on the screen
2. Details on uploading your signature Manually:
If you want to upload a photo of your signature, please ensure
11. By default, Equity, Mutual Funds, and IPO segments are selected. However, if you’d like to activate additional segments like F&O, Currency, or MCX, you can customize these settings as needed.
12. When you click on "Customize Segments," the following page will appear, allowing you to select a segment based on your preference.
13. To activate F&O (Futures and Options), Currency, and MCX (Commodity) trading, you’ll need to provide income proof. Simply click on ‘Upload Now’ to proceed, or choose ‘Upload Later’ if you prefer to do it afterward.
Upload any one of the income proof documents shown below to complete the process.
14. If you select ‘Bank statement’, select the bank name
You’ll get to choose from the following two options
1. Automatically Fetch 2. Upload Bank Statement
15. Then you will see a ‘Nominee Addition’ screen where you can add up to 3 nominees for your account.
If the nominee's address matches the customer’s address, simply click the first circle and then click on "Continue." If the addresses differ, you will need to manually enter the nominee’s address.
16. The final step is to verify your application with Aadhaar. To do this, you will receive an OTP on your Aadhaar linked mobile number
17. Select the checkbox below, then click on ‘Submit’.
18. The customer should click on the box below, enter their Aadhaar number, and then enter the OTP sent to their Aadhaar-linked mobile number. Finally, click on "Verify OTP" to complete the process.
19. Once you have successfully completed the Upstox Account Opening process you can track your application status. It will take up to 4 working days to verify and activate your Upstox account.
Trade with Upstox
Open a FREE Demat and Trading account to invest in Stocks, Mutual Funds, IPOs and more.
By signing up you agree to receive transaction updates on Whatsapp. You may also receive a call from an Upstox representative to help you with the account opening process.
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