Friends, are you one of those people who uses Upstox’s Demat account and is facing difficulty in adding or changing your bank details in this Demat account?
If you are experiencing this issue, you have come to the right place because here in this article, you will find detailed instructions on how to add or change a bank account in Upstox’s Demat account.
That is why we are suggesting you that kindly please read this article till the end to get proper information regarding the same.
Whenever you open your Demat account on any broker’s platform, then you know very well that if you want to do any kind of transaction in that account then how important it is to add your bank account details to it.
Here we would like to give you advice that whenever you add a bank account to your Demat Account then make sure that you always add the account of the bank which is highly reputed in the market i.e. ICICI Bank, State Bank of India, etc.
Add or Change Bank Accounts In Upstox
To add bank details to the Upstox Demat account, you have to follow a very simple procedure and this procedure is as follows.
Step 1: Log in to your Upstox account in the application using your login credentials.
Step 2: Click on My Account.
Step 3: Go to Bank Account Details.
Step 4: Add new Bank Account
Step 5: Enter Basic Details of your bank like your account number, IFSC code and account type i.e. savings or current.
Click on Checklist as on a yes option if you want to make this bank account your primary bank account for your Upstox’s Demat account.
Step 6: Check your details once and then click on submit option.
After submitting the bank details you will be redirected to the one new webpage where you have to upload a bank details proof in an image format.
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Step 7: Upload account proof i.e. passbook image or cancelled cheque’s photo.
Step 8: Submit account detail’s proof.
After submitting your account details proof you will be redirected to the one new webpage where you will have to enter your Aadhar card’s details and have E-sign the form given by the Upstox.
Step 9: Click on Continue to E-sign process.
Step 10: Enter your Aadhar card number and accept the terms and conditions and then submit the same.
Step 11: You will be given one form on the next webpage, you just simply have to click on E-sign and have to submit the same.
After completing all the processes your bank details will be added within 2-3 working days in your Demat account.
Important Points to Remember
By the way, if seen, Upstox allows you to add a total of 5 accounts, but here we would advise you not to add more than 3 bank accounts here so that you will not have to face any kind of problem during adding or withdrawing money from Upstox.
Whenever you submit the e-sing form, make sure that you always submit the same Aadhaar number which is linked with your bank account and also linked with your Demat account.
When adding your bank account to Upstox’s Demat account, bear in mind that your primary account should be the one with the highest transaction volume so you do not have to face any kind of difficulties during adding or withdrawing funds from Upstox in future.
Final Conclusion on Add or Change Bank Accounts In Upstox
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