Friends, you should know very well that if you want to trade in the stock market, then you have to get a Demat account opened. Only after opening a Demat account, you can trade in the stock market and you can buy and sell the shares very easily.
Actually, whenever you start your investment journey in the stock market, you always have to keep in mind that you must have to open your Demat Account only with any such broker that provides a maximum facility with a minimal amount of cost.
By the way, there are many such stock brokers in India today who will offer you to open a Demat account on their platform with a minimum amount of account opening charges.
Many online trading platforms also offer the option of opening a Demat Account for free. You can also include Upstox in our list of free trading platforms because this one trading platform, Upstox, also allows you to open a Demat account for free on several occasions.
When it comes to Upstox then you would like to know about this broker is that it is a discount broker that allows you to open a Demat Account online easily and conveniently without having to bring out any paperwork or submit any physical documents to their main office.
On this platform, you can complete all of the steps for opening a Demat account online, as well as complete all forms of document verification at the same time, and it too online.
Open Demat Account in Upstox [Step-By-step]
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Step 1: Visit Upstox’s official website through your internet browser.
By the way, if seen, you can use both mobile or personal computer to open your Demat account on Upstox, but if you have a personal computer then we suggest you use your personal computer to complete the process of Demat account opening in order to complete it easily.
Step 2: Click on the Signup Button.
Step 3: Enter your email address, mobile number, and your password for future login, and then click on the signup button.
Before signing up with Upstox, please keep in mind that if you have previously registered a Demat account with your email address and phone number then you can not use the same email address and phone number to open another Demat account. That is why you always have to use a fresh email ID and mobile number while opening a Demat account here.
Step 4: Enter your PAN card Details and Date of Birth and then click on the next option.
Step 5: Enter your basic details like Gender, marital status, annual Income, trading experiences, and your occupation, father/ spouse name, and then you have to click on the next option.
Step 6: Select your trading preferences and choose your plan.
When you are selecting the Preferences then you must have to a pay great attention to select both the Equity and Commodity options at the same time to avoid needing to re-select an option in the future. Also, while selecting the plan, you should keep in mind that if you are a new investor and are starting your journey in the stock market for the first time, then you should start with the basic plan.
Step 7: Enter your basic bank account details like IFSC code, account number, and then also you have to upload your bank account’s proof too. you can upload your bank’s passbook’s image or cheque’s image in order to verify your bank account details.
Step 8: Upload specimen signature image and also along with this you also have to upload your income proof like your bank statement or your salary slip in case you want to trade in the future and option too.
If you are someone who is not so interested in future and option trading then you don’t have to upload any kind of income proof and you can skip this step.
Step 9: Add your address details and upload your Aadhar card images then click on next.
While uploading the image of the Aadhar card, you have to take special care that you always have to upload the image of both sides of the Aadhar card separately instead of uploading it as a single file.
Step 10: Upload your PAN card image and your passport size photo and then click on next.
Step 11: If your mobile number and Aadhar card is linked with each other then kindly click on the option named “E-sign with Aadhar OTP” otherwise you have to select the option named “I will courier the form” in case your Aadhar Card and mobile number is not linked with each other.
Step 12: Enter your Aadhar card number and security code and then click on send OTP. Enter OTP received on your smartphone and then you will be redirected to a new webpage.
After submitting the OTP and clicking on the next option you will receive your virtual ID on your email id and mobile number.
Step 13: Click on the next and open all the forms by submitting your virtual ID and then you have to click on the sign now and you will be redirected to the NSDL’s website.
Step 14: on NSDL’s website enter your Aadhar card number again and accept all the terms and conditions and then request for the OTP.
Step 15: Enter OTP received on your registered number and submit it.
Step 16: Upload 10 Seconds video of your having an Aadhar Card and Pan Card in your hand and complete a quick in-person verification(IPV) process and then click on the Next button.
After doing all this process online, your Demat account will be opened on Upstox’s platform in 2 to 4 hours and you can start trading very easily.
Final Conclusion on Open a Demat Account in Upstox Online
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