How To Open Upstox Demat Account.

  Upstox Account Opening & Charges.

OPEN DEMAT ACCOUNT CLICK HERE

Upstox is a popular discount brokerage firm in India that offers a range of financial services to its customers, including demat accounts. A demat account is a digital account that holds your securities in electronic form, making it easier to buy, sell, and manage your investments. Here's some information about Upstox demat accounts:

1.Types of Demat Accounts: Upstox offers two types of demat accounts - Basic Services Demat Account (BSDA) and Upstox Demat Account. BSDA is meant for small investors who have a portfolio of less than Rs. 2 lakhs. The Upstox demat account is suitable for investors who have a higher portfolio size.

2. Account opening process: You can open an Upstox demat account online by visiting their website and completing the registration process. You will need to provide your PAN card details, Aadhaar card details, bank account details, and a few other personal details. You will also need to complete the KYC process by submitting your documents online.

3. Charges: Upstox charges a one-time account opening fee of Rs. 249 for the BSDA account and Rs. 150 for the Upstox demat account. Annual maintenance charges (AMC) for BSDA account are nil for the first year and Rs. 100 per year from second year onwards. The AMC for Upstox demat account is Rs. 300 per year.

4. Features: Upstox demat account comes with various features like online access to your account, instant settlement of trades, seamless integration with Upstox trading account, SMS alerts, and email notifications for transactions in your account.

5. Benefits: Upstox demat account provides you with a safe and convenient way to hold your securities. You can access your demat account from anywhere and anytime, making it easy to keep track of your investments. Additionally, you can save on stamp duty, transfer fees, and other charges associated with physical share certificates.

6. Transaction charges: In addition to account opening and AMC charges, Upstox also charges transaction charges for each transaction you make in your demat account. These charges depend on the value of the securities being traded and are typically around 0.02% of the transaction value.

7. Holding statements: Upstox provides regular holding statements to its customers, which contain details about the securities held in their demat account, their current value, and any transactions made in the account.

8. Power of Attorney: When you open a demat account with Upstox, you are required to sign a Power of Attorney (POA) in favor of the brokerage firm. This allows Upstox to debit securities from your demat account whenever you sell them and credit securities to your account whenever you buy them. However, this does not give Upstox access to your bank account or funds.

9. Nomination facility: Upstox also provides a nomination facility for its demat account holders, which allows you to appoint a nominee who can receive your securities in case of your untimely demise.

                                         OPEN DEMAT ACCOUNT  CLICK HERE

10. Transferability: You can transfer your securities from one demat account to another, including from one brokerage firm to another, using the electronic mode of transfer. Upstox provides the necessary support for such transfers.

11. Customer service: Upstox has a dedicated customer service team that can assist you with any queries or issues related to your demat account. You can contact them through phone, email, or live chat support available on their website.

12. Integration with trading account: Upstox demat account can be easily integrated with your Upstox trading account, allowing you to seamlessly transfer securities between your demat and trading accounts.

13. Security measures: Upstox employs various security measures to ensure the safety of your securities, such as two-factor authentication, SSL encryption, and regular security audits.

14. Access to corporate actions: As a demat account holder with Upstox, you will have access to various corporate actions, such as dividends, rights issues, and bonus shares. Upstox will credit these benefits to your demat account automatically.

15. Trading platforms: Upstox offers various trading platforms, including a mobile app, web-based platform, and a desktop trading terminal. These platforms are user-friendly and provide advanced trading tools and features.

16. Transfer of shares: Upstox demat account allows you to transfer shares to another demat account. You can initiate the transfer process online or by submitting a physical instruction slip to Upstox.

OPEN DEMAT ACCOUNT CLICK HERE

In conclusion, Upstox demat account is a convenient and affordable way to hold your securities in electronic form. It provides access to various corporate actions, easy integration with trading account, and robust security measures. However, you should carefully read and understand the terms and conditions, charges, and other details before opening an account.