Opening a Demat Account with Upstox


Opening a Demat Account with Upstox is simple. Upstox provides a online account opening process making it hassle-free and fast.

Paperless Account Opening

One of the major advantages of opening a demat account with Upstox is that you don’t have to go through the trouble of printing, signing and filling out paper forms. The whole process can be completed online.

If you have an Aadhaar Card linked to the phone number that you use daily then you can open an Upstox account online. You need to have your existing and working phone number linked to your Aadhaar Card in order to receive the One Time Password (OTP).

You just have to fill the Account Opening Form at Open a Demat Account . Keep your documents handy because you’ll be able to upload your documents right then and there. Just make sure you have these documents with you to help move your account opening process faster:

  1. Aadhaar Number
  2. PAN Card
  3. Canceled Cheque
  4. Latest Bank Statement with IFSC/MICR code mentioned on it.

Non-Paperless Account Opening

If you prefer to print and send us the account opening form and your documents, with Upstox, you have the option to do that as well.

It is a multi-step process to open a non-paperless account:

  1. You just have to print the account opening form and sign at all of the places specified i.e. those that are marked X. Make sure that your signature is the same as the ID proofs that you submit.
  2. Affix a recent passport size photo of yourself on Page 4 and sign ACROSS it.
  3. Account Opening fees are non-refundable which are mentioned on the first page of the account opening form.
  4. Attach a cheque for the specified amount and make it payable to “RKSV Securities India Pvt. Ltd.” The amount will vary depending on the types of accounts that you have chosen and the segments that you wish to trade on.
  5. If you are opening a Commodities trading account with Upstox, ensure that you fill out a separate cheque payable to “RKSV Commodities India Pvt. Ltd.” You don’t want your cheques to bounce! So, just make sure that you have sufficient bank balance.

If you wish to connect your primary bank account with your Upstox Demat and Trading account, just send us a canceled cheque of that bank account—provided that it is different from the one from which you are paying your account opening fees.

And now, for the most important question—How do you get all these forms to us?

You can send a courier or mail all your documents to our office address:

RKSV Securities India Private Limited

Salasar Business Park,

Off 150 Feet Flyover Road,

Bhayandar West,

Thane - 401101,


Make sure you have the right address before sending your packet in the mail!


Here are our account opening charges and account maintenance fees:

1. Demat AMC - Rs 150 + Service Tax

2. Securities trading account - Rs 150 + Service Tax

3. MCX trading account - Rs 150 + Service Tax

4. Securities plus MCX- Rs 150 + 150 + Service Tax

5. Securities plus Demat - Rs.  150 + 150 as AMC +Service Tax

6. Securities plus Demat plus MCX - Rs 150+150+150+ Service Tax

7. Transaction charges while selling equity will be Rs 13+5.5 + Service Tax.


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