Upstox is a top discount stock broker in India with flat brokerage charges of Rs 20 per trade even on the large trade volumes.
You can open a Demat and trading account without even visiting their office or going through lots of paperwork.
Upstox offers coupon code that can be helpful to save demat & trading account opening charges along with other benefits.
Upstox Coupon Code Benefits
You would get the following benefits with Upstox coupon code January 2021
- Free Demat & trading account opening
- Zero Brokerage for 30 Days (unlimited, no limit)
This offer is for a limited time. You can get all these benefits by opening an account through Upstox latest coupon code applied link given below.
Demat Account Charges with Upstox Coupon Code
Upstox offers a 2-in-1 (demat + trading) account that can be opened online using Aadhaar OTP.
The summary of charges is as under
| Particulars | Fee/ Charges |
| Account Opening charges | Rs 249 |
| Demat Annual Maintenance Charges | Rs 25 per month |
| Commodity Trading Account (optional) | Rs. 150 |
Benefits of Upstox Demat Account
- Rs. 0 brokerage charges for delivery
- Fast, stable and enterprise-grade trading platforms
- Advanced charting tools with 107 indicators & studies
How to Open Upstox Account
To open a demat and trading account online you will need the following set of documents
- PAN Card
- Aadhaar Card
- Signature (on a blank paper)
- Photographs
- Income proof (if you wish to trade in derivatives)
#1. Sign Up on Upstox Home Page
Click this link to visit coupon applied account opening page.
Click the “Open Demat Account” button to sign up and start the online demat and trading account opening process.
#2. Verify Your Mobile With OTP and Start Application
Fill in your email address and mobile number to generate an OTP. The OTP will be sent to your official mobile number to authenticate the mobile number.
Next, you need to provide the PAN number along with the date of birth, as shown above, to complete the signup page.
#3. Provide Personal Details
Next, you need to provide your personal information like marital status, yearly income and trading experience by clicking on the given options.
The process is fast because you have to just select from options provided.
Read the taxpayer declaration and select the radio-button to authenticate. Click on the “Next” tab to proceed ahead with the application process.
#4. Select Your Trading Preferences
Upstox gives you the option to select the segment in which you want to trade. You can go for all the segments or either set one from the following.
- First Set – Equity, Equity F&O and Currency F&O
- Second Set – Commodity Trading
If you are new to stock market investing then you can go for the first set only.
Upstox offers two brokerage plans, Basic plan and the Priority plan. By default, the system selects the “Priority” brokerage plan. You can change the plan as per your trading preferences.
The Basic Plan, with Rs. 20 brokerage and 15x intraday margin, is better suited for a new trader. Whereas, the Priority Plan is best for experienced traders who require higher (20x) leverage.
The brokerage charge of Rs. 30 per trade is high under the Priority Plan as compared to Rs. 20 under the Basic Plan
#5. Provide Bank Details
Once you are done with the plan selection, you need to provide your bank details like account number and the IFSC code of the bank branch.
Let me tell you that Upstox does not open a trading account linked with payment banks like Paytm. You need to fill details of your PSU banks (SBI, Bank of Baroda, PNB) or private bank (ICICI, HDFC, Axis, Kotak).
The bank account detail is required to link your trading account so that you can transfer funds online to your trading account. Upstox does not share your bank account details and all transactions are encrypted for maximum security.
#6. Authenticate Application Using Aadhaar
You will need to authenticate the online demat account opening application using the OTP received on the linked mobile number.
#7. Upload the KYC Documents
Finally, you will be required to upload a copy of all the KYC documents along with the image of your signature and photographs.
This completes your application and the trading account will be opened in 24 to 48 hours time. Upstox will provide you with the trading account login ID and the password.
Last Chance to Grab Upstox Promocode
Open Upstox account today to get all the latest benefits upstox offers. The biggest benefit is Zero brokerage for 30 days. There is no maximum limit on brokerage free trading.
The benefits includes
- Free account opening
- Zero brokerage for 30 days
- Free equity delivery
Conclusion
Upstox demat and trading account is best for new as well as professional traders to learn stock market trading and investing on a low-cost structure.
Upstox even allows you to save account opening charges by offering coupon codes from time to time so that you can start your investing journey free of cost.
So, what’s holding your back here is the Upstox January coupon code to jump-start your stock market investment.