Open a Free Demat Account in few mins

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.

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.
• You can add a Nominee by following these steps
  How can I add a new nominee to my account?
• 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! Beware of phishing. Upstox will never ask for passwords/ sensitive details via email/messages. Avoid suspicious links and downloads. Don't click on suspicious links or download attachments from unknown sources Secure your devicesProtect your mobiles/computers with a strong passcode/ 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 to Upstox immediately

Here are steps to check your Demat account number on Upstox:

• Step 1: Login to the Upstox app using your 6-digit PIN or Biometrics.
• Step 2: Click on ‘Account’ at the bottom of the screen.
• Step 3: Click on ‘My Account’.
• Step 4: Click on ‘Profile’.
• Step 5: Click ‘My trading plan’ under ‘Profile’. You will be redirected to the ‘Trading Plan’ page. 
• Step 6: Here, you will find the 16 digit Demat account number and your plan details.

If you wish to transfer shares from your other CDSL/NSDL Demat Account to Upstox Demat Account, you will need to submit a DIS (delivery instruction slip) to your existing broker. It must be duly filled out and signed by all account holders. Details to be furnished in the Delivery Instruction Slip (DIS):

• Depository: CDSL
• DP Name: Upstox Securities Pvt. Ltd
• Demat Id: ______________ (12081800 / 12081801)  
• Demat Account number (8 digit number): ___________ 
• Client/Beneficiary ID (16 digit number): _____________ (Combination of Demat ID and Demat Account number) Security details: Scrip name, ISIN, and Quantity. In case your Broker asks for a Client Master Report (CMR), please refer to this link . Note: Transfer of shares takes a minimum of 24 hours to be completed.