Opening a Demat account is the first step to start investing in the stock market. Upstox, a popular online brokerage platform in India, offers a fast, paperless, and user-friendly process to open a Demat account. Whether you’re a beginner or a seasoned investor, this guide will help you open your Upstox Demat account in just a few minutes.
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What is a Demat Account?
A Demat (Dematerialised) account is used to hold shares and securities in electronic format. It makes buying, selling, and holding stocks easy and secure — no need for physical share certificates.
Why Choose Upstox?
Upstox is known for:
- Low brokerage charges
- Free account opening offers
- User-friendly mobile and web platforms
- Fast and paperless KYC process
Documents Required in Upstox Demat Account
Before you begin, keep these documents ready:
- PAN Card
- Aadhaar Card (linked with your mobile number)
- Bank proof (cancelled cheque, passbook, or bank statement)
- Passport-size photo
- Signature on white paper
Step-by-Step Process to Open a Demat Account with Upstox
Step 1: Visit the Upstox Website
- Go to www.upstox.com .
Step 2: Enter Your Mobile Number
- Enter your mobile number and verify it using the OTP sent to your phone.
Step 3: Fill in Basic Details
- Enter your email ID, PAN number, and date of birth.
- You will be asked to confirm your personal details.
Step 4: Add Bank Account Information
- Enter your bank account details (account number, IFSC code).
- This is required for fund transfers.
Step 5: Complete KYC
- Upload scanned copies or photos of your PAN Card, Aadhaar Card, and bank proof.
- Upload your signature and photograph.
Step 6: Do Aadhaar e-Verification
- You’ll be redirected to the NSDL website for Aadhaar-based e-signing.
- Verify with the OTP sent to your Aadhaar-linked mobile number.
Step 7: In-Person Verification (If Required)
- In some cases, you might be asked to record a short video or do a live video call for verification.
Step 8: Application Review
- Once all steps are completed, Upstox will review your application.
- You will get a confirmation email or SMS once your Demat account is activated.
How Long Does It Take?
Usually, the entire process is completed within 24–48 hours, provided all documents are correctly uploaded and verified.