T&C Applicable to all clients
Terms & Conditions:
Welcome to Upstox! By browsing or using our platform—whether through our website or mobile application—you agree to comply with and be bound by our terms and conditions of use. These, along with our privacy policy, govern your relationship with Upstox and our platform(s).
Upstox refers to RKSV Securities India Private Limited (CIN: U74900DL2009PTC189166), Upstox Securities Private Limited (CIN: U65100DL2021PTC376860), and RKSV Commodities India Private Limited (CIN: U65190DL2012PTC236371), along with its affiliates, associated companies, and subsidiaries. These entities will collectively be referred to as 'Company', 'we', 'us', or 'our'. At Upstox, we are committed to respecting your privacy and preferences. This Privacy Statement (referred to as the "Statement") outlines our privacy practices regarding the collection and processing of personal information, in line with applicable data privacy regulations.
The term 'Upstox' or 'us' or 'we' refers to the owner of the website whose registered office is 807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001 and corporate office at 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West), Mumbai - 400013. The term 'you' refers to the user or viewer of our website.
The use of this website/application is subject to the following terms of use:
We as a merchant shall be under no liability whatsoever in respect of any loss or damage arising directly or indirectly out of the decline of authorisation for any Transaction, on Account of the Cardholder having exceeded the preset limit mutually agreed by us with our acquiring bank from time to time
NRI Client Representation, Regulatory Compliance and Overseas Access
The Client hereby represents and confirms that the Client is a Non-Resident Indian (NRI), Overseas Citizen of India (OCI), or Person of Indian Origin (PIO) residing outside India in accordance with the provisions of the Foreign Exchange Management Act, 1999 (FEMA). The Client confirms that the decision to open and operate a Trading Account and Demat Account with Upstox Securities Private Limited has been made solely on the Client’s own initiative and that Upstox Securities Private Limited, its affiliates, employees, agents, or representatives have not solicited, marketed, or promoted their services to the Client in the jurisdiction where the Client resides, i.e., outside the legal territories of India.
The Client acknowledges that Upstox Securities Private Limited is incorporated in India and is regulated by the Securities and Exchange Board of India (SEBI), where applicable, and the relevant Indian stock exchanges, depositories, and other competent regulatory authorities in India. The Client further understands and acknowledges that Upstox Securities Private Limited may not be licensed, registered, or regulated by any financial regulatory authority in the jurisdiction where the Client resides outside India, and that accessing and using the services of Upstox Securities Private Limited from outside the legal territories of India is undertaken solely at the Client’s own initiative and responsibility. The Client acknowledges that trading in the Indian securities market shall be subject to the products permitted by the regulator and in adherence to the position limits, margin requirements as stipulated by the regulatory authorities from time to time. The Client understands that the clients’ data is subject to applicable data sharing & regulatory reporting disclosure requirements within the stipulated regulatory guidelines. The Client agrees to comply with all applicable provisions governing investment in Indian securities markets.The Client agrees that this relationship shall be strictly governed by and construed in accordance with the laws of India. Any disputes, claims, or legal proceedings arising out of or in connection with the Client's Trading and Demat Account shall be subject to the exclusive jurisdiction of the competent courts and/or SEBI-mandated dispute resolution mechanisms situated in India.
The Client undertakes to ensure that accessing or using such services does not violate any laws, regulations, or restrictions applicable in the jurisdiction where the Client resides outside India and agrees to comply with all applicable laws and regulatory requirements in such jurisdiction. The Client further represents that all investments and transactions carried out through the Trading and Demat Account shall comply with the provisions of FEMA and the rules, regulations, and directions issued by the Reserve Bank of India (RBI) from time to time and confirms that transactions shall be routed only through permitted NRE or NRO bank accounts with authorized dealer banks in India and, where applicable, in accordance with the Portfolio Investment Scheme (PIS) or any other route permitted under applicable regulations.
The Client declares that all information and documents provided during the account opening process are true, accurate, and complete and undertakes to promptly notify Upstox Securities Private Limited of any changes to such information, including changes in residential status or tax residency. In the event that the Client returns to India with the intention of staying permanently, the Client undertakes to immediately notify Upstox Securities Private Limited and take all necessary steps to convert the NRI Trading and Demat Account into a Resident Account, in strict compliance with FEMA and RBI guidelines. The Client further confirms that the Client is the beneficial owner of the account being opened, that the account will not be used on behalf of any undisclosed third party, and that all funds used for investments are derived from legitimate sources and comply with applicable anti-money laundering laws and regulations.
The Client acknowledges responsibility for complying with all applicable tax obligations arising from investments made through the account in India as well as in the Client’s country of residence, including obligations under FATCA and the Common Reporting Standard (CRS), and consents to Upstox Securities Private Limited disclosing information relating to the Client or the Client’s account to regulatory authorities or governmental agencies as may be required under applicable laws and regulations.
The Client further consents to receiving contract notes, account statements, regulatory communications, and other correspondence from Upstox Securities Private Limited in electronic form through email or other electronic means as permitted under applicable regulations. The Client acknowledges the risks associated with trading and investing in securities markets and confirms that the Client has read and understood the applicable risk disclosure documents.
The Client agrees to indemnify and hold harmless Upstox Securities Private Limited, its affiliates, and their respective directors, officers, and employees from and against any claims, liabilities, losses, or regulatory actions arising from any breach of the representations and declarations contained herein or from the Client’s failure to comply with applicable laws in the jurisdiction where the Client resides outside the legal territories of India.
GIFT City Global Investment Services – Client Representation, Regulatory Compliance and Risk Acknowledgement
The Client acknowledges and agrees that access to global investment products, securities, funds, exchange-traded products, or any other investment opportunities made available through the Gujarat International Finance Tec-City (GIFT City), International Financial Services Centre (IFSC), or through any overseas investment platform or intermediary facilitated by Upstox shall be subject to the applicable laws, regulations, circulars, directions, and guidelines issued by the International Financial Services Centres Authority (IFSCA), Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), Ministry of Finance, and any other relevant regulatory authority from time to time.
The Client understands and acknowledges that investments in securities listed or made available through GIFT City or other offshore markets may be subject to regulatory frameworks, market practices, settlement mechanisms, investor protection measures, disclosure requirements, and legal systems that differ from those applicable to investments in securities listed on stock exchanges in India. The Client agrees that such investments are undertaken solely at the Client's own discretion and risk.
The Client represents and warrants that the Client is eligible under all applicable laws, including but not limited to the Foreign Exchange Management Act, 1999 (FEMA), the Liberalised Remittance Scheme (LRS), Overseas Investment Rules, and any other applicable regulations, to invest in global securities and products available through GIFT City or any associated global investment platform. The Client shall be solely responsible for ensuring compliance with all applicable investment limits, remittance requirements, reporting obligations, and regulatory restrictions prescribed by the RBI or any other competent authority.
The Client acknowledges that Upstox, its affiliates, employees, agents, and representatives do not provide legal, tax, accounting, foreign exchange, investment, or regulatory advice in relation to investments made through GIFT City or global investment products. The Client agrees to independently assess and obtain professional advice regarding the suitability, legality, tax implications, and regulatory consequences of such investments.
The Client understands and accepts that global investments may expose the Client to additional risks, including but not limited to currency exchange rate fluctuations, geopolitical risks, foreign market risks, liquidity risks, country-specific risks, differing accounting standards, corporate governance practices, taxation regimes, operational risks, settlement risks, and regulatory changes in foreign jurisdictions. The client acknowledges that the key risks / disclaimers as set out by Upstox and the relevant regulatory authorities in this regard are well understood and accepted before proceeding further with any global investments.
The Client acknowledges that past performance does not guarantee future performance and that investments may result in partial or complete loss of capital.
The Client further acknowledges that information relating to foreign securities, issuers, investment products, market data, research reports, corporate actions, and disclosures may be sourced from third-party providers. Upstox does not warrant the accuracy, completeness, timeliness, or reliability of such information and shall not be liable for any loss arising from reliance upon the same.
The Client agrees that execution, settlement, custody, clearing, and related services for global investment products may be facilitated through third-party entities, brokers, custodians, clearing corporations, exchanges, depositories, or service providers operating within or outside India. The Client acknowledges that such services shall be governed by the terms, conditions, and operating procedures prescribed by such entities and applicable regulatory authorities.
The Client agrees to provide relevant information to Upstox as may be required from time to time to offer seamless global investment services. The Client further authorizes Upstox to collect, process, store, verify, and disclose information and documents relating to the Client, including personal information, tax residency information, KYC records, transaction details, and beneficial ownership declarations, to regulators, exchanges, depositories, custodians, intermediaries, governmental authorities, tax authorities, or service providers located in India or outside India, where required for account opening, regulatory reporting, compliance, transaction processing, legal obligations or such other purpose as may be necessary to provide the services related to investments in and through GIFT City, including but not limited to global access.
The Client agrees to comply with all applicable tax laws in India and any foreign jurisdiction relevant to the Client's investments and acknowledges sole responsibility for payment, reporting, withholding, filing, disclosure, or any other tax obligations arising from investments made through GIFT City or global investment products, including obligations under FATCA, CRS, or similar reporting frameworks. The client also agrees to fulfil all its obligations, including maintenance of adequate margin, fund obligations etc as clearly set out in the Upstox end user agreement and any other document agreement / T&C / requirement applicable w.r.t global investments.
The Client shall indemnify and hold harmless Upstox, its affiliates, directors, officers, employees, agents, and service providers from and against any claims, losses, liabilities, penalties, regulatory actions, damages, costs, or expenses arising out of or relating to (i) any breach of applicable laws, regulations, or investment limits by the Client; (ii) any incorrect declaration, representation, or information provided by the Client; or (iii) the Client's failure to comply with applicable FEMA, RBI, IFSCA, tax, securities, or foreign exchange regulations.
The Client agrees and acknowledges that Upstox may suspend, restrict, modify, or discontinue access to any GIFT City or global investment product, service, jurisdiction, security, or platform at any time without prior notice where required by law, regulatory direction, operational constraints, risk management requirements, or policy changes.
The Client further agrees that all disputes arising from or relating to the provision of such services by Upstox shall be governed by and construed in accordance with the laws of India and shall be subject to the exclusive jurisdiction of the competent courts, tribunals, and regulatory forums situated in India, without prejudice to any rights or obligations arising under applicable foreign laws or regulations governing the underlying investment. However, GIFT City offerings are not subject to the investor protection and grievance redressal mechanisms available through Indian stock exchanges regulated by SEBI, including the SEBI Complaints Redress System (SCORES). Similarly, Global Access transactions are not subject to the investor protection and grievance redressal mechanisms provided by stock exchanges in GIFT City.
By browsing or using our platform from mobile, website, or any other platform, you are strictly prohibited from hosting, displaying, uploading, modifying, publishing, transmitting, storing, updating, or sharing any information that
In case of non-compliance with rules and regulations, privacy policy or user agreement, Upstox has the right to terminate the access or usage rights of the users to our platforms/computer resources immediately or remove non-compliant information or both, as the case may be.