Free Demat Account using Upstox

Upstox Free Account Opening Process

This post is intended for all my new investor friends:

Who wants to start their journey in the field of stock markets,
who are having a keen interest in managing their personal finance,
who wants to generate passive income,
who wants to generate a huge corpus by the age of their retirement,
who wants to beat the inflation rate?

    Your first step should be getting your D-mat (De-Materialised) account created to invest in the equities/shares. You should open your Demat account with a broker to buy/sell shares in the share market.

In India there are two stock exchanges: 
NSE: National Stock Exchange
BSE: Bombay Stock Exchange

We can buy/sell shares from these stock exchanges via an intermediary called a broker. You must open a Demat + Trading account with these brokers for online buying and selling of shares.

Zerodha, Upstox, Angel Broking, 5 Paisa, ICICI securities, HDFC securities are some of the brokers in India.

While Zerodha, Upstox, 5 Paisa, are the discount brokers and ICICI securities, HDFC securities are full-time brokers. 

So, Let's start with the topic :

Why I chose Upstox as my broker for my family accounts:

• Online account opening charges ₹0 Rupees for Equity (On offer running nowadays )
• Zero Brokerage on Delivery orders
• Intraday and F&O charges Flat ₹20 
• AMC (Annual Maintenance charges ) are approx ₹150 + GST
• "Upstox" apps user interface is really good

 What you'll get if you open an account before 15th August...

✓ Upstox FREE Demat & Trading account
✓ Zero brokerage for 30 days
✓ FREE StockEdge Premium Membership worth Rs. 999
✓ FREE beginner's course on the Stock Market at Elearnmarkets worth Rs. 999

       Upstox is one of the leading discount brokers in India. It is very cost-effective, attractive and the best part which I like is its Annual maintenance charge comes around ₹150 which is equal to half a Rupee/Day. 

So it is way cheaper...

Follow the rest of the part of the post, once you have decided to go with Upstox.

 

Keep the below Documents handy which are required:

1. PAN card soft copy 
2. Aadhar card soft Copy 
3. Canceled cheque soft copy/Latest bank statement 
4. signature soft copy
5. 6-month bank statement for income proof (for F&O)

Below are the detailed steps for your Demat account creation using Upstox:

Step 1: Click on the link below for your first step towards investment in equity by creating your Demat account:  

Sign Up Link: Click to Sign up on Upstox

Step 2: Enter your email & mobile to link with Upstox and click on SEND OTP, then Upstox will send an OTP on your mobile

Tips :

          The mobile and email you will provide, using that your eCAMS CKYC will be carried out as a part of this account opening process. You can use the mobile and email which you are using for banking purposes.

Step 3: Enter OTP received and click SIGN UP, Below page should appear 

Step 4: Enter your PAN Card correctly: you may never able to edit it again...

& 

Enter Your Date of Birth as on PAN Card

Step 5: Enter 118666 as a UCC id in the space for referred by someone option, as this is referral id. 

Click on Next

Step 6: Fill in the above details like Gender, Marital status, Annual Income, Trading Experience, politically exposed (mostly NO), Occupation.  

Step 7: Select No for the question "Is your country of tax Residency other than India ?",  if you are not getting any income from foreign countries. 

Step 8: Complete the trading preferences. 

Select Equity, Future, and Option; Currency, you can ignore Commodity as of now.

Step 9: Select Basic Leverage Plan Rs. 20/ Trade as shown in the screenshot.

 You can keep Coupon code as blank

Step 10: Below screen should appear, if you want to receive a free stock click Yes, else you can opt for No.

Step 11: Confirm the Email and enter OTP received and click on Next 

Step 12: Grab the Below offer of today's free account opening, click Next.

Step 13: Click on YES, your aadhar number should be linked to a mobile number to receive OTP.

Step 14: Click on Continue.

Step 15: Enter your bank details, such as Your name, banks IFSC code, bank account number, type of account and then click Next

Step 16: You will be taken to below page where you need to upload

1. Canceled cheque ( if required & asked)
2. Income Proof (mandatory if Futures and option selected)
3. Signature (which is on PAN) (mandatory)
4. PAN( if required)

Upload all the required documents carefully and in a proper format, as asked

 Click Next

Step 17: Now its time to E-sign all the filled details from your form with the help of Aadhar based OTP process. click on e-Sign with Aadhar OTP

Click on ESIGN NOW

Step 18: For E-signing, you will be taken to Digio.in and NSDL sites for Aadhar verification and OTP will be sent on a mobile number linked with your Aadhar card.

Submit & Click eSign  to proceed with email verification

Step 19: This is the final part of the verification. You will be redirected to the NSDL site for verification.

When you get below page, Enter your aadhar card number, click the checkbox and click on Send OTP

 

Congrats ..! You are done with your account opening..!

You may receive some updates in the next two days over mobile number/email from CDSL regarding your EKYC which will happen in the background after completing the above process.

Also, after 1 or 2 days you will receive, email from Upstox with your User id and password for login.

All set to Buy and Sell shares...😄

Special thanks to Mr. Karan Vetal, Mr. Akshay Tamboli for helping in this blog post preparation...

Whatsapp for any query in the above process: +91 88 28 032704

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