What is Upstox? How to earn money from this? | Best Discount Broker In India

No matter what method we use to make money, today I want to tell you some new internet tricks that can make money online quickly. If you are interested in mutual funds and stock markets, then this is a golden opportunity for you to make money online through upstox trading? And how to open a free demat account?

If you are a business-minded person, then you must know that trading is such a method. Hundreds of thousands of rupees can be earned by immediately investing funds in the stock market. Mutual funds are one of the best plans for long-term currency investments today.

There are many online trading companies that offer free demat accounts, and upstox is one of them. Here we will get information on how to open upstox free demat accounts? If you don’t invest in the stock market once, how can you make money from it? But know before that.

What is Upstox?

Upstox is a trading platform and one of India’s leading brokerage companies, providing trading solutions for discount brokers, stocks, commodities, etc. You can measure its popularity and become a better platform from the fact that Mr. Ratan Tata has invested.

With Upstox, it is very easy to invest in stocks, mutual funds and SIPs. Today, millions of people in the country use Upstox for online transactions, and it has been providing customers with a convenient platform for the past 10 years. People can buy and sell stocks in any company from there.

In today’s era, the best trading services of NSE, BSE and MCX are provided at the lowest cost. It is the only company that has opened more than 100,000 demat accounts in one month. This is because Upstox makes its platform simple, reliable, and completely transparent.

With many trading platforms, it is easy to first introduce the plan and its investment income to attract users, and then the company proposes their hidden terms. If this is not the case with Upstox, you don’t even need any paperwork, you can easily open an account for any of its products and services through online verification documents.

If you are interested in stock market trading and mutual fund investment, then you need such a platform. You can complete the whole process from there, and there are many platforms on the Internet for you to invest in. But why you should use Upstox to do it and it is better than others, let us know about it.

Who is owner of Upstox?

Upstox is a private limited company under RKSV Securities Private Limited Company in Mumbai. Mr. Ravi Kumar, Mr. Raghu Kumar and Mr. Shrini Viswanath are the co-founders of Upstox. They jointly established the company in 2009. Now, as we mentioned, it is included in the list of the most popular apps in India.

Large companies and investors such as Ratan Tata and Tiger Global have invested in it. Today, in this way, millions of people have created their online trending accounts and invested in the stock market.

What are the benefits of Upstox?

Whether buying any product from the Internet or investing somewhere, the customer will first check the reviews and ratings of the product or plan and decide whether it is worth investing here! Here, we describe some reasons, with the help of these reasons you can download and use the Upstox application.

Speaking of Upstox, it is the best review and rating platform among all online discount brokerage apps in India. Here, more than 30,000 people have given their reviews and received a 4.4-star rating.

1. Provide Better Service:

There are various online service and support providers that provide solutions for trading, demat, and mutual fund investments. It is very important for them to maintain better customer support and use fast and reliable servers. Because the servers of financial-related suppliers often go down, customers have to face problems.

Upstox support is better, and you don’t face the risk of server downtime, because the downtime is almost zero and there are very few server downtimes.

2. Low Brokerage Fees:

If you trade and buy stocks, then you must also pay for holding stocks. But this is not the case here, if you buy stocks for more than a day, you will have to pay 0 equity fees.

3. Complete Online Service:

Many important documents must be submitted offline or POA (Authorization Letter) in order to be traded. But Upstox is not a question of whether you want to give it or not! You can open a complete trading account online.

How to open a Demat and trading account in Upstox ? In 5 minutes:

To open a trading or demat account, you need to have some basic documents and scan copies of them, and then you can easily open an online account on your smartphone or computer.

Documents required to open a Demat account:

  • Pan Card
  • Aadhar Card
  • Proof of address: the latest electricity bill, voter card or other govt. Address proof.
  • Bank certificate: 6 months bank statement, passbook, cancellation check
  • Proof of income: Form 16 or Salary Slip (only applicable to commodities and derivatives transactions)
  • Signature: Scan of signature

Note: You must have scanned copies of all documents so that you can upload them, and the IFSC code and MICR code should be visible along with any bank certificates you apply for.

If you have all these documents, then you can open a free demat account. You can open your account online by following the steps below.

Step-1: Visit- Upstox official website.

Upstox-The fastest growing broker in India, with a registration box, you can send OTP codes by entering your email and mobile number.

After opening the website, you will see “Open a free Demat account

Step-2: Now you need to enter the PAN card number and date of birth here. After entering these, click Next.

Step-3: Here you must fill in some important information related to the personal details .

Step-4: From here you must choose your trading preferences and account type, such as creating a trading account, select these options and choose Basic in the leverage plan options.

Step-5: Now you must enter the bank details and upload the related documents.

Step-6: After entering the bank information, you must upload a signature. If you trade any goods, you also need to upload the income file.

Step-7: The address details must be entered and uploaded via two separate scanned copies on the front and back of the Aadhar card.

Step-8: The PAN card photo must now be uploaded.

Step-9: After submitting all the documents correctly, you can log in, but you still need to do some work here. There are two options.

1: Use Aadhar card OTP for electronic signature(E-Sign)

2: I will courier the form

The person who wants to open an account, if his Aadhar is linked to his mobile phone, he can log in using the earlier option on the day. But if this link does not exist, download the complete form and express it to this address. It may take 5-6 days to open an account.

RKSV Securities India Private Limited.

Adderess:-

RKSV Securities India Private Limited

Salasar Business Park,

Off 150 Feet Flyover Road,

Bhayandar West, Thane – 401101,

Maharashtra

How to trade on Upstox?

Any person who has never traded online can also buy and sell stocks of any top company from here.

️1-Create Watch List:

Upstox provides the option to create watch lists. With this, you can create a watch list for any company’s stocks. The watch list is always helpful for trading, so you can track the ups and downs of the company and the time you see fit. Then you can invest in stocks.

You can add multiple companies to the watch list at once. It is also easy to create, as soon as you enter the menu, you will see the option to create a new watchlist, go to it and save your watchlist.

️2-Buy Stocks:

To buy stocks or stocks of a company, you have to go to the portfolio and after clicking the buy button given there, you have to add funds so that you can buy stocks.

After clicking Add Funds, enter the amount you want to add, and then use the given payment method to add the funds to your Upstox account, and then you can purchase your stocks.

️3-Sell Stocks:

If you think this is the best time to sell the company’s stock. So you go from portfolio to liquidation options, which are put options where you can sell stocks.

️4-Withdraw Funds:

When you sell a company’s stock from your account, you will immediately receive 80% of the money earned in the account. The remaining 20% will be received in one day. If you want to transfer them to your account, please click Withdraw for this purpose and transfer them to the bank. But it takes 2 days to reach the bank account.

How to make money from Upstox without any Investments?

So far, you can earned by refer a friends,you have not made any investment for it, and you can earn it in the same way if you wish.

After successfully setting up your account, you can access the “Refer and Earn” program, you can recommend your friends and earn income upto Rs.500/refer, then you can transfer to the bank, or you can trade or mutual funds. Can invest.

What are Upstox’s brokerage fees?

Every trading platform has some hidden fees, usually called brokerage fees. Many people do not provide this information. But when you create an account, you must pay these fees. In this case, it may be that if you trade without your knowledge, then these fees are not expensive for you. So let us understand Upstox fees.

Equity Charges:

Upstox ChargesEquity DeliveryEquity IntradayEquity FuturesEquity Options
BrokerageZero brokerageRs. 20 per executed order or 0.05% (whichever is lower)Rs. 20 per executed order or 0.05% (whichever is lower)Flat Rs. 20 per executed order.
STT/CTT0.1% on both buy & sell. 0.025% only on sell.0.01% on sell.0.05% on sell side (premium).
Transaction ChargesNSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip groupNSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip groupNSE: Exchange turnover charge: 0.0020% Clearing charge: 0.0002%NSE: Exchange turnover charge: 0.053% Clearing charge: 0.005%
Demat transaction chargesRs. 18.5 per scrip per day only on sell.No chargesNo chargesNo charges
GST18% (on brokerage + transaction + demat charges)18% (on brokerage + transaction charges)18% (on brokerage + transaction & clearing charges)18% (on brokerage + transaction & clearing charges)
SEBI ChargesRs. 5/CrRs. 5/CrRs. 5/CrRs. 5/Cr
Stamp Duty0.015% or ₹1500 / crore on buy side0.003% or ₹300 / crore on buy side0.002% or ₹200 / crore on buy side0.003% or ₹300 / crore on buy side

Currency Charges:

Upstox ChargesCurrency FuturesCurrency Options
BrokerageRs. 20 per executed order or 0.05% (whichever is lower).Flat Rs. 20 per executed order.
STT/CTTNo STTNo STT
Transaction ChargesNSE: Exchange turnover charge: 0.0009% Clearing charge: 0.0004% BSE: Exchange turnover charge: 0.00022% Clearing charge: 0.0004%NSE: Exchange turnover charge: 0.04% Clearing charge: 0.025% BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025%
GST18% ( on brokerage+transaction charges)18% (on brokerage+transaction charges)
SEBI ChargesRs. 5/CrRs. 5/Cr

Commodities Charges:

Upstox ChargesCommodity FuturesCommodity Options
BrokerageRs. 20 per executed order or 0.05% (whichever is lower).Flat Rs. 20 per executed order.
STT/CTT0.01% on sell trade (Non-Agri)0.05% on sell trade
Transaction ChargesNon-Agri: Exchange turnover charge: 0.0026% Clearing charge: 0.0005%Exchange turnover charge: 0 Clearing charge: 0.002% on buy + sell [Rs. 200/crore]
GST18% (on brokerage + transaction charges)18% (on brokerage + transaction charges)
SEBI ChargesAgri: 1/Cr Non-Agri: 5/CrRs. 5/Cr

Friends, if you want to invest in mutual funds or want to conduct mobile, web or desktop transactions, then please use the Upstox discount brokerage platform. In this article, we learned how to create an Upstox trading account and make money from it.

Frequently Asked Questions

1.What is Upstox Account ?

Upstox account is a two-in-one account that combines trading and demat accounts. A trading account allows you to access stock exchanges such as NSE, BSE, and MCX, while a Demat account is used to hold securities such as stocks and mutual funds.

Upstox accounts allow investors to invest/trade stocks, stock derivatives, currencies and commodities. It also offers online mutual funds (regular and direct) in a one-time or SIP manner.

2.How to Open Upstox Account Online ?

  1. Visit-Upstox official website
  2. Enter Email and Mobile Number
  3. Validate with OTP
  4. Enter personal and bank details
  5. Upload Aadhaar Card, PAN Card, Income Proof (for derivatives trading), Signature (on a blank paper) and photograph.
  6. Review, confirm and submit the application.
  7. You can expect your account to be activated within the next 24 – 48 hours. The company will inform you through email and SMS.

3.Who Owns Upstox ?

Upstox is a private limited company under RKSV Securities Private Limited Company in Mumbai. Mr. Ravi Kumar, Mr. Raghu Kumar and Mr. Shrini Viswanath are the co-founders of Upstox.

4.Is Upstox Free ?

Upstox offers brokerage free equity delivery trades. For all other segments, it charges flat Rs 20 per executed order. Also, customers have to pay government taxes, exchange turnover charges, demat debit transaction fees etc.

5.Is Upstox Trusted ?

Yes, Upstox is a trusted stock broker. Here are a few facts which make upstox trustworthy.In the business for over 10 years.Lakhs of retail customer trading online with upstox daily.Upstox is SEBI registered broker and member of BSE, NSE and MCX exchanges.No major violations reported in the audits by the exchanges so far andProfit making company with zero debt.

6.How to Close Upstox Account ?

Upstox accounts can be closed by submitting the account closure application form. The blank PDF form used to close the account can be downloaded from the Upstox website.

Please note that you cannot close your Upstox account online, nor can you contact customer service via phone or chat. It is an offline process and you have to sign the paper form and send it to the Upstox office.

Steps to Close Upstox Account:

  • Visit Upstox official website.
  • In the top menu, go to Support >> Download Form
  • Go to the “Account Modification Form” section
  • Download “Demat Account Closure” Form
  • Print, fill and sign it.
  • Send it to the “Communication Office” address mentioned at the top of the form.
  • If you do not receive a confirmation within 7 days, please contact customer service