Introduction
Opening a Demat & Trading Account is the first step to start investing or trading in stocks, mutual funds, ETFs, derivatives, commodities, and IPOs. Upstox is one of India’s leading discount brokers, known for low brokerage, fast digital onboarding, and user-friendly platforms.
This Saving Mantra guide explains the step-by-step process to open an Upstox Demat & Trading Account in India, suitable for beginners, active traders, and long-term investors.
Step 1: Understand What an Upstox Demat & Trading Account Is
An Upstox account includes:
- Demat Account – Holds shares and securities in electronic form
- Trading Account – Used to buy and sell securities on exchanges
With Upstox, both accounts are opened together online.
Step 2: Check Eligibility for Opening an Upstox Account
You can open an account if you are:
- An Indian resident (individual)
- 18 years or older
- Having valid KYC documents
NRIs and special entities may require additional compliance.
Step 3: Keep Required Documents Ready
For smooth and fast account opening, keep the following ready:
Mandatory Documents
- PAN Card
- Aadhaar Card (linked with mobile number)
- Bank account details (cancelled cheque or statement)
- Signature (digital upload)
All verification is done online through e-KYC.
Step 4: Start Online Account Opening
Visit the official Upstox account opening page and:
- Enter mobile number and email ID
- Verify via OTP
- Enter PAN details
- Complete Aadhaar-based e-KYC
The entire process usually takes 10–15 minutes.
Step 5: Complete Personal & Financial Details
You will be required to fill:
- Personal information
- Employment and income details
- Trading experience (if any)
This helps determine trading eligibility and risk profiling.
Step 6: Upload Documents and Signature
Upload:
- PAN image (if required)
- Signature (digital or scanned)
Ensure clarity to avoid rejection or delays.
Step 7: Do In-App Verification (IPV)
Upstox conducts In-Person Verification (IPV) digitally:
- Short video verification
- Face match with Aadhaar
This step is mandatory under SEBI regulations.
Step 8: Account Activation Timeline
Once submitted:
- Verification usually completes within 24 hours
- Login credentials are shared via email/SMS
- Demat & Trading Account gets activated
You can then access the Upstox Web and Mobile App.
Step 9: Understand Upstox Charges & Brokerage
Brokerage Structure
- Equity Delivery: ₹0
- Equity Intraday: Flat ₹20 per order or lower
- F&O: Flat ₹20 per order
- Mutual Funds: ₹0 (Direct plans)
Other charges include statutory taxes and DP charges.
Step 10: Start Trading & Investing with Upstox
After activation, you can invest in:
- Equity shares
- Mutual funds (Direct)
- IPOs
- ETFs
- F&O and commodities
Beginners should start with delivery-based investments and small capital.
Benefits of Opening an Upstox Account
- 100% digital account opening
- Low brokerage & transparent pricing
- Advanced charts and analytics
- Fast order execution
- Easy mobile & web platforms
Common Mistakes to Avoid
- Entering incorrect KYC details
- Uploading unclear documents
- Not linking the correct bank account
- Trading without understanding risks
- Ignoring charges and tax implications
How Saving Mantra Helps with Demat Account Opening
- Assisted Upstox account opening
- KYC & verification support
- Beginner trading guidance
- Investment & taxation advisory
- Income Tax Return filing for traders
Conclusion
Opening an Upstox Demat & Trading Account is a simple, fast, and cost-effective way to start your investment journey in India. By following this step-by-step process, investors can avoid errors and begin trading with confidence.
For assisted onboarding, compliance, and taxation support, Saving Mantra is your trusted partner.
Disclaimer
Stock market investments are subject to market risks. Brokerage charges, features, and policies may change as per broker and regulatory guidelines. Past performance does not guarantee future returns. This article is for educational purposes only and should not be considered investment advice. Please consult a qualified financial advisor before investing or trading.