5. Demat account, Open accounts in Zerodha and Upstox and save maximum profit due to less brokerage

Demat account clarification

Total is about 120 brokers in India but some are growing very fast in the market due to their features and customer service. Before opening a Damat account in any broker company, we should make necessary checks on its account opening charges, broker charges, customer service, mobile app features, etc.

In India, Zerodha and Upstox are known to be the best broker company among which Zerodha is no 1 and Upstox no 2.
Along with reducing the brokerage charges, account opening charges of both these companies, their customer service, and the mobile app feature is also very good.
So today we will discuss how to open a Demat account in Zerodha and Upstakes in this post.

How to open a demat account in Upstox

The account can be opened both online and offline in the Upstox, Choosing the online account opening process opens the account quickly but takes a little time in offline.

Demat account

Online account opening process

  1. Request call back from upstox or visit Upstox
  2. Enter your email address and mobile number
  3. Enter OTP received on your phone
  4. Account opening minimum charge is 249 +18%GST
  5. Choose a plan which is suitable for you
  6. Choose from a plan of Rs 249+18%GST and get brokerage credit worth Rs 400. A plan of 499+18%GST and get brokerage credit worth Rs 1000. A plan of 999+18%GST and get brokerage credit worth Rs 2500.
  7. Enter personal details and bank account details
  8. Upload Aadhaar card, pan card, signature, personal photo, and income proof (For derivative trading)
  9. After all, these process reviews and confirm by the Aadhaar based OTP and submit the application
  10. If mobile number not registered in Aadhaar then download the form and send the application on Upstox address or arrange the free pick up service by calling in Upstox.

Open account in Upstox

Earlier Upstox did not charge any fees for opening Demat and trading accounts but since March 2020, they have kept the minimum fees for opening accounts 293.80.
If you open a Demat account in Upstox from our given link, then we will transfer the opening fee (Rs. 300) to your bank account within 30 days after opening the Demat account. Here offer is only till 14 June 2020

Offline account opening process

  1. Visit Upstox www.upstox.com
  2. In the top menu, go to support then click on the download form
  3. Click demat & trading account
  4. Print the form
  5. Fill and sign on the form
  6. Attach all the required documents to the form
  7. Call upstox support to then arrange for free drop and pickup of paper form

Process of Demat account opening in Zerodha

Demat account
  1. The online account opening is charges are 200 for trading & Demat account and 100 for commodity account.
  2. Enter your mobile number
  3. Enter OTP received on your mobile phone
  4. Enter personal and bank account details.
  5. Pay account opening fee
  6. Upload Aadhaar card, pan card, signature, personal photo, and income proof (For derivative trading)
  7. After all, these processes verify your Aadhar details and pan card details by Aadhar based OTP.
  8. When your application has been completely submitted, Zerodha gives you a POA form which you have to send to the address of Zerodha
  9. If you do not send the POA form to Zerodha’s address, you cannot sell the purchased shares.
Zerodha address

Zerodha, # 153/154,
4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru – 560078

Remark

Zerodha and Upstox is the best trading platform in india because of minimum brokrage and minimum charges so you can use it.

If you have any problem in opening an account, you can contact me through Facebook chat and Whatsapp.

You can open the account by clicking on the link given below

Open account in Zerodha

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