Open Upstox Demat Account in just 5 Minutes
>Introduction
>Direct to Step by Step guide
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 De-mat (De-Materialised) account created to invest in the equities/shares. You should open your Demat account with an approved broker to buy/sell shares in the share market.
Upstox, Zerodha, Angel Broking, 5 Paisa, ICICI securities, Motilal Oswal are some good brokers in India.
While Zerodha, Upstox, 5 Paisa, are the discount brokers &
ICICI Securities, HDFC securities are full-time brokers.
ICICI Securities, HDFC securities are full-time brokers.
So, let us start with the topic:
Why I chose Upstox as my broker for my family accounts:
- Online account opening charges ₹249 +GST Rupees for Equity (On offer running nowadays)
- Zero Brokerage on Delivery orders
- AMC (Annual Maintenance charges ) are very less, approx ₹300 + GST
- The "Upstox" apps user interface is really good
- Intraday and F&O charges Flat ₹20
A very good combination for a newbie or a beginner investor
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 ₹300 which is equal to a Rupee/Day.
So it is way cheaper.!
Keep the below Documents handy which are required:
- PAN card soft copy/Photo
- Signature soft copy/Photo
- Aadhar card soft Copy/Photo
- Last 6 months bank account statement for income proof (name, IFSC, A/C Number should be mentioned in the statement, download it with your internet banking)
Follow the rest of the part of the post, for opening the Upstox account within 5 minutes:
Tips: Use your laptop/desktop for an easy user interface & uploading the docs; while filling the form.
Step 1: Your first step towards investment in equity
Click on the link below.
Step 2:
Enter your email & mobile to link with Upstox and click on SEND OTP, then Upstox will send an OTP to 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.
Your mobile should not be already registered with Upstox
Your mobile should not be already registered with Upstox
Step 3:
Enter OTP received and click on SIGN UP and the 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:
if you are using mobile OR in some cases you get an additional question: Were you referred by someone? , Enter 3DAEZK , as this is FinAjinkya's referral id.Click on Next
Step 6: Personal Details
Fill in the above details like Gender, Marital status, Annual Income, share/Trading Experience, politically exposed (put NO if you are not a politician), Occupation.
Tips:
Sometimes it may ask you a question, your father's name as per your PAN card: fill in your father's name as displayed in your PAN to avoid rejection of the form.
Step 7:
Select YES for the question "Is your country of tax Residency IS India?". {if you are not getting any income from foreign countries.}
Step 8: Trading preferences & Plan Details
Complete trading preferences.Select Equity, Future, and Option; Currency, you can ignore Commodity as of now.
 |
| Upstox pro-free Demat account |
Step 9:
Select Basic Leverage Plan Rs. 20/ Trade as shown in the screenshot.You can keep the Coupon code as blank
Tips
IF the below screen appears & you want to receive a free stock click, Yes else you can opt for No. (This is a lucky draw for winning 1 share of any company, a chance to win a surprise stock)
Step 10: Bank Details
Enter your bank details, such as Your name (as per our bank account/ statements), bank IFSC code, bank account number & confirm it by typing again, Type of account (saving or current) and then click Next
Step 11: Documents Upload
You will be taken to the below page where you need to upload- Income Proof :
- Last 6 months statement to be uploaded
- NAME should be clearly visible in a statement and as filled in earlier steps with bank details and write your name on the below space available.
- the account number should be there on the statement
- IFSC code should be there on the statement
- Signature (which is on PAN)
- Just sign on White paper and capture it using a mobile camera and upload it.
Upload all the required documents carefully and in a proper format, as asked
Click Next
Note: Extra Steps that may be asked are as follows:
1) Take a picture of yourself and capture/upload it,
2) Share Location
2) Share Location
Step 12: Aadhar Approval /consent with using Digio.in
The next step is to approve/provide your Aadhar Details securely to Upstox.Before these steps allow popups for this site.
Follow the below steps to allow popups>>
Chrome settings>>Privacy and settings >> Site Settings>> Pop-ups and redirects >> At the top, turn the setting to Allowed by moving a slider.
You can block it after your account gets opened.
Digilocker is the gateway used here for sharing this sensitive info.
Digilocker is an online service provided by the government: So it's safe & no worries
Click on Connect your Digilocker with Upstox
Enter your Aadhar Number and Click on Next
You will receive an OTP on the mobile number linked to your aadhar.
Enter it and click on Continue
Below Screen should appear,
Click on Allow
Wait for Some time, don't close/click anything,
let the Popup browser close on its own.
let the Popup browser close on its own.
You will be taken to the below page
Step 13: PAN Upload
Upload a Photo or a PDF of your PAN card and click Next
If the below page appears to Click on Skip
Step 14: Confirm Email with OTP
Confirm the Email and enter OTP received and click on Next
Step 15: & It's Only Rs 249
Make the payment of RS 249 + GSTStep 16: Aadhar Based OTP
Click on YES, your aadhar number should be linked to a mobile number to receive OTP.Click on Continue.
Step 17: E-sign with Aadhar
Now it's 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
An OTP will be sent to your mobile number, Enter OTP and Submit
A pop up will be opened in a new window with your filled details as below
Step 18: Last & Important thing
Click on Sign Now. For E-signing, you will be taken to NSDL sites for Aadhar verification and OTP will be sent on a mobile number linked with your Aadhar card.
This is the final part of the verification. You will be redirected to the NSDL site for verification.
When you get the below page, enter your aadhar card number, click the checkbox and click on Send OTP
Congrats ..! You are done with your account opening..!
NOTE: THIS IS THE FINAL STEP OF ACCOUNT OPENING,
PLEASE DO NOT OPEN INDUSIND BANK ACCOUNT, THIS IS NOT MANDATORY.
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.😄
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