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Based in Mumbai, Upstox is a discount stock brokerage firm. Upstox provides a quick and secure and user friendly interface trading platform for all the investors/traders which are participants of the Indian stock market. Upstox is an Investment brand which is made online, owned by RKSV securities which was incorporated in 2009, is a SEBI registered financial service provider.

Upstox account is a combine account, a trading and a demat account. The trading account gives you access to stock exchanges like NSE, BSE and MCX etc., while the demat account is used to hold securities like stocks, mutual funds etc., in electronic form.

Demat account is short form for dematerialisation account. In finance dematerialisation means a process in which a client can get physical paper form securities converted into electronic securities/balances. A Demat Account can be a bit similar to a bank account to maintain and hold your share certificates and other securities that you have invested in an digitised electronic format.

The process of investing in the share market has been made easier through the introduction of Demat Account. Demat Account makes investing in and Holding of investment securities such as bonds, shares, government securities, Mutual Funds, ETFs and insurance hassle free and easier, by converting the process entirely online and electronic. Eliminating the inconvenience of processing physical paper forms, documents, paper shares.

If you want to invest your savings into securities like shares, ETFs or mutual funds you need to have a dematerialisation account or generally called demat account. A demat account is much more convenient, cost effective, quick and secure. To open a Demat Account you need to register yourself with any brokerage firm.

There are two ways to start your trading journey digitally:
The 2 ways of starting with your account are:

1. Online account opening method which is offered by almost all mainstream stock brokerage firms

2. The other way is the traditional method by submitting physical forms.

The first step which involves choosing which method you use to open your account is crucial but another important factor you should consider is choosing the right broker that fits your trading requirements and financial goals needs. As some brokers charge fees for various services also make sure you know of all the fees and any additional charges which are charged by the broker related to account opening procedure. Gain information on the user interface of the platform, brokerage fees/charges and its customer service.

In today’s world where wide digitalisation has spread and made the completion of every complicated task which had to be done physically or manually made convenient through digitally introduced online procedures. This also includes opening a demat account online and doing trading online, which gives us little to no reason to be filling physical forms because almost all your data can be stored digitally now. You can choose any brokerage which fulfills your requirement and offers online processing of information and online creation of demat accounts.

Now the clients can go on the website of the brokerage and sign up for a demat account opening and do the entire process of registration online.

You will most essentially need to link your Aadhaar card with your mobile number for this process.

1. Go to the website of Upstox. You will find an online demat account opening page.
2. You will need to provide your minor details like name, phone number and email ID to sign up on Upstox. After you have filled in all the required details click on Sign up.
3. You are required to keep scanned soft copies of your personal documents like Aadhaar card, PAN card, a scanned copy of Cancelled Cheque, and your bank proof which requires the latest bank statement. Keep the above documents scanned and ready for when you are directed to upload them on the Upstox website for KYC verification.
4. The website will ask you to enter your Aadhaar card details and next you will receive an OTP on your mobile number which is linked to your Aadhaar card in order to verify your identity.
5. After uploading all the required documents and necessary details and completing the verification through the KYC process your demat account will be opened by Upstox in a few hours. It usually requires only a few hours but max up to 48 hours.
6. After the completion of the above steps you are all set to use your demat account for trading on Upstox!

Offline account opening process:
1. First step is to find a broker from Upstox and next the broker from Upstox or the Upstox employee at the physical office will provide you with an account opening form.
2. You are required to fill this form up and attach a proof of identity and a proof of address. This can be done by submitting the photocopies of required documents.
3. Proof of identity documents include Aadhaar card, PAN card, Passport, Driver’s License.
4. For Proof of Address you will need electricity bill, telephone bill which should be not older than last three months.
5. After the completion of the above steps you will need to sign an agreement with Upstox. This agreement document states your responsibilities as an investor, and of your brokerage firms. You should keep a copy of this agreement with you for future reference.
6. Following when your documents are verified and processed by the Upstox physical you will be provided with your account number, similar to how when you open your bank account at a bank branch and receive a bank account number.
7. Since you have opened a demat account through Upstox the account number you are provided with is called the Beneficial Owner Identification Number (or BOID) or Unique Client Code (UCC) if you’re trading with Upstox.
8. You are also to receive your confidential data such as your login ID and personal key data to access online portals and doing trades.
9. You should be aware of the fact that opening a demat account in the traditional offline manner requires additional charges for processing all of the documents and forms physically which can be costly and inconvenient. You might also incur charges for accessing and using the services of certain portals.

1. Account Opening Fees
2. Annual Maintenance Fee
3. Transaction Fees

Upstox charges minimal demat account opening fees of around Rs. 150 + tax. Annual Maintenance Fee of the equal amount is charged for the account.

Upstox has significantly lower charges than large broking firms and continues to keep costs low with the Transaction Fees as well – charging Rs 13+5.5+tax (Rs 5.5 being CDSL’s depository charges)

1. Up to ₹20/order* on Equity, F&O, Commodity and Currency
2. Zero commissions* on Mutual Funds and IPOs

Here is reference support link which includes visual step by step pictures for help from the official website of Upstox on:

How to open a new Trading and Demat account?

Trading Account –
What Is a Trading Account?
Most generally, a trading account refers to the primary account of a day trader. Day traders investors tend to buy and sell assets frequently, often within the same trading session, and their accounts are subject to special regulation as a result.

Upstox also offers to Open a FREE* Demat + Trading account –
The cash that is used to buy something is your trading account. Your bag is like your demat account which carries all your securities in a digitalised form.
How to open a trading account-
1. The first step is to fill the form. Opening of your trading a/c can be done by using your Aadhaar & PAN card and submitting all your details online.
2. Next upload all your documents on the website of Upstox and Take clear pictures of your documents. Upload when asked to.
3. You can start trading after you get your ID and once your details are verified. After the completion of the verification process you can login to your account to place orders.

Documents required to open a trading account-
You are required to provide your ID proof, Aadhaar card, PAN card
1. Address proof-
-Aadhaar card / Passport / Voter ID / Driving license

2. Bank proof-
-Bank statement / Cheque / Passbook

Benefits of a Trading account-
Get Single Accessibility to all the stock exchanges in the country:
If you are opting for trading account in India, investors can gain accessibility to every stock exchanges across the country through a single platform. The exchanges which you get access to include the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), Multi Commodity Exchange (MCX), and the National Commodity and Derivatives Exchange (NCDEX).

Account holders have the facility through which they can access their online trading accounts from anywhere, at any given point in time. With website and application-based trading platforms like the app of Upstox which can be downloaded through play store, trading accounts can be accessed through any device PC, laptop, smartphones, tablets etc.

Access to Reliable Research:
When you have access to beneficial and reliable research reports prepared by the brokerage itself through the experienced and knowledgeable professionals they hire, makes the research report extremely beneficial and helpful for your trading practices. Such reports are often supplied by the service providers, which makes it easier to make more precise informed investment decisions. This helps in earning higher profits and return on investment

Note- There is a difference between a demat and a trading account. The difference being is that a trading account provides the interface to buy and sell shares in the stock market. Whereas a demat account holds the securities such as bonds, ETFs, mutual fund units, etc. in a digitalised mode.

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