Product Details
Brokerage and Fees
Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): INR 20 or 2.5% whichever is lower per order.
Brokerage Charge For Intraday Trading: INR 20 or 0.05% whichever is lower per order on stocks.
Brokerage Charge For Options Trading: INR 20 or 0.05% whichever is lower per order.
Brokerage Charge For Futures Trading: INR 20 or 0.05% whichever is lower per order.
Demat Debit Charges: INR 18.5 per scrip per debit/sell transaction.
Account Opening Charges: INR 0
Annual Maintenance Charge: INR 0.
Payment Gateway Charges Netbanking: INR 7 each time you add funds to your account.
Payment Gateway Charges UPI: INR 0
Overdue Interest Charges: INR 20 per day per INR 40,000, provided as margin.
Monthly Platform Fee: INR 0 per month.
Digital KYC Charges: INR 0.
Physical Settlement Charges: Not specified.
Call & Trade Order: INR 50 + GST for each order
Account Opening Fees
INR 0.
Eligibility
Be an Indian citizen. Be above 18 years of age. Have a bank account with an IFSC code.
Annual Fees
INR 0.
Upstox Review
Special Features
Upstox offers a number of tools for daily traders.
Features
Cons
High brokerage for long term investors.
Limited physical presence.
Pros
Clean and simple interface.
An established name in the market.
Users get a lot of news, insights and research reports.
Brokerage is suited for daily traders.
Pros and Cons
How to Apply?
Opening an account with Upstox is a simple online process. Here are the steps involved:
Visit the Upstox website: Go to the official Upstox website or download their mobile app.
Start the account opening process: Click on the "Open Demat Account" or similar button.
Enter your basic details: Provide your mobile number and email address. You'll receive an OTP for verification.
Complete eKYC: Enter your PAN card details, Aadhaar number, and bank account information. Verify your Aadhaar using the OTP sent to your linked mobile number.
Upload documents: Upload scanned copies or clear photographs of your PAN card, Aadhaar card, cancelled cheque/bank statement, and signature.
Review and eSign: Review the terms and conditions, charges, and other details. Accept them and eSign the application using Aadhaar OTP.
Your account will be opened within a few hours after completing these steps. You'll receive a confirmation email and SMS with your account details.
Documents Required
Aadhaar and PAN for online account opening.
Account Opening and Procedures
Aadhaar and PAN for online account opening.
How to Apply?
Opening an account with Upstox is a simple online process. Here are the steps involved:
Visit the Upstox website: Go to the official Upstox website or download their mobile app.
Start the account opening process: Click on the "Open Demat Account" or similar button.
Enter your basic details: Provide your mobile number and email address. You'll receive an OTP for verification.
Complete eKYC: Enter your PAN card details, Aadhaar number, and bank account information. Verify your Aadhaar using the OTP sent to your linked mobile number.
Upload documents: Upload scanned copies or clear photographs of your PAN card, Aadhaar card, cancelled cheque/bank statement, and signature.
Review and eSign: Review the terms and conditions, charges, and other details. Accept them and eSign the application using Aadhaar OTP.
Your account will be opened within a few hours after completing these steps. You'll receive a confirmation email and SMS with your account details.
Account Opening and Procedures
Upstox Review
Upstox has a clean and simple interface, it has relatively high brokerage for equity delivery (normal stock purchase) and demat debit transaction charges. It has a number of features for daily traders. It is more suited for daily traders.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Recommedation For Stock Market Investment
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