Know the details about the Documents Required To Open A Demat Account In Upstox List, List of Document Needed to Open Demat Account Upstox
Opening a Demat Account with Upstox: A Comprehensive Guide
Upstox, one of India’s leading discount brokers, offers an easy and seamless process to open a Demat account. This article will provide you with a comprehensive list of documents required, step-by-step procedure, and other essential details you need to know.
Documents Required To Open A Demat Account In Upstox List
Documents Required
Here is the list of documents you would need to open a Demat account with Upstox:
- PAN Card: Your Permanent Account Number (PAN) card is a mandatory document for identification.
- Aadhaar Card: Your Unique Identification Number (UID) or Aadhaar card is needed for address proof.
- Income Proof: If you wish to activate Futures and Options, Commodity segments, you need to provide income proof like salary slips or Income Tax Return (ITR) documents.
- Bank Proof: A cancelled cheque or bank statement would serve as bank proof.
- Passport-sized Photographs: You would also need to affix a recent passport size photo on the account opening form.
- Signature: A specimen signature on a blank paper is needed.
Step-by-Step Procedure
- Registration: Visit the official Upstox website and click on ‘Open Demat Account’.
- Filling up the Form: Fill in the required details such as your name, phone number, email ID, and create a password for your account.
- Document Upload: Upload clear, scanned copies of your PAN Card, Aadhaar Card, income proof, bank proof, a passport-sized photograph, and your signature.
- Review and Submission: Review all the information and documents provided, confirm, and then submit.
- eSign/DigiLocker Process: This requires OTP verification linked with your Aadhaar card for final verification.
Points to Note
- Make sure all the documents provided are valid and up-to-date.
- The account opening fees are non-refundable.
- Ensure your mobile number is linked with your Aadhaar card to complete the eSign/DigiLocker process.
FAQs
1. Can I open a Demat Account without Aadhaar Card?
No, an Aadhaar Card is essential for opening a Demat Account with Upstox.
2. Is income proof necessary for all segments?
No, income proof is required only if you want to activate Futures and Options, Commodity segments.
3. Can I change the details on my Demat account later?
Yes, you can change the details, but it might involve a nominal fee and certain procedures.
Opening a Demat account with Upstox is a straightforward process if you have all the necessary documents at hand. By following these steps, you can start your trading journey smoothly. Happy trading!