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Open Demat Account

Open Demat Account Online

Stocks, F&O, Intraday, all at ₹0 brokerage100% Paperless, Instant Account Opening.

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Open Demat Account
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How to Open a Demat Account Online?

STEP 1

Download the Upstox app or visit the Upstox website

Scan This QRScan This QR
STEP 2

Enter your Mobile Number and verify with an OTP

STEP 3

Verify KYC and bank details

STEP 4

eSign your form and documents

security

All data is stored safely with encryption as per regulatory guidelines.

Why Open an Upstox Demat Account

Millions choose Upstox for a reason. Here's what sets it apart for investing.

Loved & Trusted by 2 Crore+ Customers

Loved & Trusted by 2 Crore+ Customers

Easy Accessibility

Easy Accessibility

Switch Between 2 Modes

Switch Between 2 Modes

Best-in Class Trading & Investing Tools

Best-in Class Trading & Investing Tools

Transparent Pricing With No Hidden Charges

Place trades at just ₹20 per order

₹0Account OpeningDemat + Trading
₹0CommissionMutual Funds and IPOs
₹20BrokerageEquity, F&O, Commodity and Currency orders

Zero AMC applicable for first year to newly onboarded users only.

One Demat Account, Multiple Investment Options

Mutual Funds
Mutual Funds
Stocks
Stocks
Futures & Options
Futures & Options
IPO
IPO
Commodities
Commodities
Currencies
Currencies
Gold
Gold
Fixed Income
Fixed Income

Documents Required for a Demat Account

Identity proof
Identity proof
Your PAN is required as identity proof and to fetch your ITR Name
Address proof
Address proof
Your Aadhaar is required as address proof. Ensure it is linked to a mobile number
Income proof
Income proof
Required only if you wish to activate F&O, Commodities segments

Know more about a Demat Account

Everything you need to know about opening a Demat Account

A Demat (short for Dematerialized) is an electronic account used to hold and manage investments like Stocks, Bonds, Mutual Funds in a digital format. Just as you need to have a bank account to deposit your money and earn interest, you need to open a Demat account to buy or sell financial securities such as Stocks, Mutual Funds, Equity Traded Funds (ETFs), SGBs and more. When you buy stocks or shares, they will get credited to your account. When you sell the stocks or shares you have purchased, they will get debited from your account.

By opening a Demat account, you do not need to transfer your share certificates physically to the buyer. You need to link your bank account with your Demat account, through which you can easily buy and sell shares. It does not only save your time, but it also reduces the transaction cost.

What is a Demat account?

Opening a Demat Account requires just 2 documents: PAN + Aadhaar.

  • Already have a Demat account with another broker? No need to reupload these documents — they will be fetched automatically from the central KYC agency.
  • Don't have a Demat account with another broker? These documents will be fetched from DigiLocker. For this, your Aadhaar needs to be linked with your mobile number.
  • Want your Demat account for Futures, Options, Currencies and Commodities? Keep these handy: Salary Slips, Bank Statement or ITR.

There are many benefits of opening a Demat Account on Upstox. Let's look at a few of them:

1. Paperless Investment Experience

A demat account holds securities electronically and eliminates the risks associated with physical certificates and paperwork management.

2. Seamless Buying and Selling

Demat and trading accounts help to buy and sell securities through stock exchanges without the limitations of physical share transfers.

3. Easy Portfolio Tracking

It monitors holdings, tracks valuations, and reviews investment performance anytime through your demat account online.

4. Faster Settlement Process

In a demat account, electronic settlements are made where securities are automatically credited or debited after successful transactions.

5. Better Investment Record Keeping

It maintains accurate holding records and tracks investment periods efficiently for tax planning and long-term investing.

Demat account opening charge with Upstox is ₹0.

Annual Maintenance Charges (AMC) are:
  • 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.

Other Charges:
  • 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.

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

Your Demat Account holds all your investments and wealth, so safeguarding it is pretty important. Here are a few pointers to ensure your Demat Account is secure and safe:

  • Add a Nominee to your Demat Account: A nominee is the person you legally appoint to own your shares in your absence.
  • Keep your account details confidential: Never share your Upstox Demat and Trading account passwords/PINs with anyone.
  • Update your Upstox App: Regularly update your Upstox app for the latest security patches and bug fixes.
  • Beware of phishing attempts: Upstox will never ask for passwords or sensitive details via email or messages. Don't click on suspicious links or download attachments from unknown sources.
  • Secure your devices: Protect your mobiles and computers with a strong passcode or biometric authentication for added protection.
  • Beware of public Wi-Fi: Avoid using open public Wi-Fi networks when accessing your Upstox app.
  • Monitor your account activity: If you observe any suspicious activity, report it to Upstox immediately.

Awards and Accolades

2020

Most Promising Broking House of the Year

2020
2021

Most Promising Broking House of the Year

2021
2022

Leading Member -
Options

2022
2023

Bronze - BFSI and Fintech Category

2023
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Testimonials

Trusted by 2 Crore+ Customers

Customer Review

I’ve been using Upstox for the past 7 years, and my experience has been consistently smooth. The platform navigates seamlessly without any hiccups, and the information provided is detailed and reliable. Overall, a great experience — highly recommended! 👍

Ravindra Reddy

Customer Review

The new Upstox upgrade is great. Company Financials, Charts, News are all in one place. Helped me avoid jumping across apps. Now, I'd like to keep Upstox always running without logging out!

Siva prasad

Customer Review

Excellent Trading Experience with Upstox! I've been using Upstox for a while now, and I must say it's one of the best trading platforms out there. The user interface is clean, fast, and very beginner-friendly. I love how easy it is to track my investments and execute trades instantly. The charts and analytical tools are top-notch, helping me make informed decisions. Also, the account opening process was super quick and completely paperless.

Somnath Das

Customer Review

It's good to see upstox getting better day by day...I started my trading journey with the upstox app and I can say a lot of improvements have been made and keep the good work team!

Akhil Nair A

Customer Review

I have been using upstox since 2021 for investing and trading. And till now not a single glitch happened in this system while trading and personally I didn't find any glitch in this system. They really maintained their systems well. And I really think my money is safe here. In this app we can invest and trade in stocks, we can book FD also, we can buy insurance also and many more. Just want to request the team that if possible make this app globally investible, so that we can invest anywhere.

Sainath Sawant

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FAQs on Demat Account

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.

Yes. A demat account is mandatory for trading and investing in equity shares in India. While the trading account is used to place buy and sell orders, the demat account is required to hold securities electronically after settlement. Opening a demat account ensures compliance with regulatory requirements for stock market participation.
NSDL and CDSL are India's two depositories responsible for maintaining demat accounts and holding securities electronically. When opening a demat account, your account is registered with either the National Securities Depository Limited or Central Depository Services Limited through a depository participant. Both offer similar services related to demat account operations.

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.
Yes, Non-Resident Indians can open a demat account in India for investing in Indian securities. NRIs may choose between repatriable and non-repatriable demat accounts depending on whether they wish to transfer investment proceeds abroad. Opening a demat account for NRIs requires compliance with specific documentation requirements.
Yes, minors can have a demat account opened in their name through a parent or legal guardian. The guardian manages the demat account until the minor attains adulthood. Once the minor becomes an adult, the account can be converted into a regular demat account.
Yes, companies can open a demat account for holding and managing investments in securities. Opening a demat account for a company requires corporate documents, board resolutions, and authorised signatory details. This facilitates efficient investment management for corporate entities.
Yes, a Hindu Undivided Family can open a demat account through its Karta. The demat account enables the HUF to invest in eligible securities while maintaining investments separately from individual family members. Specific documentation requirements apply when opening a demat account.
A Joint Demat account allows two or more individuals to hold securities together under a single Demat account. All account holders share ownership rights as specified during account opening. Joint accounts are commonly used by family members for investment convenience.
It takes a few minutes to complete the process of opening a demat account online. After successful document verification and KYC completion, the demat account is generally activated within 24 hours, enabling investors to begin using their trading account and demat account seamlessly.
No, because Aadhaar mobile linkage is required for OTP based online verification processes. Since opening a demat account online relies on electronic verification, linking Aadhaar with your mobile number helps ensure a smooth onboarding experience. Investors should update their Aadhaar mobile number before opening a demat account online.
Investors can add a nominee to their demat account through the Upstox platform by accessing the account details section and completing the nomination process. Nomination ensures the smooth transmission of securities to the designated nominee in unforeseen circumstances. Keeping nominee details updated is recommended for every demat account holder.

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.

Important disclosures

Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Brokerage will not exceed the SEBI-prescribed limit. The securities mentioned are quoted as examples and are not recommendations.

SEBI Registration No. INZ000315837 | NSE TM Code: 13942 | BSE TM Code: 6155 | MCX TM Code: 46510 | CDSL Reg. No.: IN-DP-761-2024 | CIN: U65100DL2021PTC376860 | POP Registration No.: POP399082025