Upstox: Step-by-step guide to open Demat Account for free

Upstox: Step-by-step guide to open Demat Account for free

Specifically in India, people believe the stock market is a risk. People think that you will always lose and fall into a debt trap while getting into the stock market. I don’t think the same as I have been trading for a year now and never actually got into loss nor risk. Heard of the delivery scheme? Well, I use Upstox for managing my Demat account.

Demat portfolio, also known as Dematerialised, enables individuals to invest in and retain securities in an electronic environment. That’s a savings account much like that. The one distinction is that there is capital on the bank account and shares and other values are stored on the Demat account.

It’s really easy to open a Demat account. An investor just has to register with their chosen broker, on-line or offline, or with both.

I would always suggest Upstox because everything is handy and you have a lot of benefits such as I got Moneycontrol Pro for a year.

You need to complete a request form and send it along with the corresponding documentation to open a Demat account. The individual receives a specific customer identity and account code with which to begin the investment on-line until the form and information submitted by the investor are scrutinized.

Investment portal — Upstox helps ready investors to open their Demat online account. The Guide for opening a Demat account for the same is seen below:

How to open a demat account?

Step 1: On your smartphone or web, Visit Upstox official website.

Step 2: Tap on the ‘Open Stocks Account’. Note that there are no charges required to open a Demat account on Upstox

Step 3: Provide the relevant details including occupation, income, and complete the KYC process

Step 4: Verify the details provided before clicking on the Next button to proceed

Step 5: From the drop-down list, enter the trading experience and tap on the Next tab

Step 6: Complete the online application form for a DEMAT account. Make sure that the mobile number you mention in the form is the same as that on your Aadhaar card

Step 7: Upload all the documents in the required format. Also, provide scanned signature along with the form

Step 8: Once done, you will get an OTP/ security code on the Aadhaar-linked mobile number

Step 9: Carefully read the Demat account opening form and agree to the terms and conditions of the facilitator

Step 10: Finally you will see a screen stating, “Signed successfully”. You will then see a screen that will mention that you can start investing

Step 11: Tap on Let’s Start button to proceed

The verification will take place within 24 hours after which investments in stocks and shares will start on Upstox.

Demat Account Opening Documents:

For opening a Demat account, an investor must have an Aadhaar card, PAN card, Voter ID card, the lease contract, utility bills, proof of income (salary slip or IDR paper).

Upstox: Step-by-step guide to open Demat Account for free

Rajat Singh
Rajat Singh is the chief Author at Bioinformatics India, he has been writing for the past 3 years and has a special interest in SEO, Technology, Health, Life Sciences and gaming.

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