Open a Trading Account online on Upstox

Important Keyword: F&O Trading, Speculative Income, Trading Income, Upstox Traders.

Open a Trading Account online on Upstox

You can open a trading account online with Upstox. The transformation of stock markets from an open outcry system to an electronic system has made trading more accessible and efficient. A trading account acts as an investment account that holds your cash or securities electronically, allowing you to buy or sell those securities in the stock market. Stock traders use online trading platforms to trade various instruments, such as shares, securities, commodities, and currencies. Income from trading in Equity Intraday, Equity Futures & Options (F&O), Commodity Trading, and Currency Trading is considered Business Income for tax purposes.

Steps to open a Trading Account online on Upstox

1. Visit Upstox website
   Firstly, click on Open a free Demat account.
   
   
2. Fill your email and phone number
   Click on Process.
   
   
3. Fill your PAN number and Birthdate as per PAN
   Click on Next.
   
   
4. Select from options given below
   You can choose the option as per your requirement.
   
   
5. Check the tickbox
   Click on Next.
   
   
6. Select the segments you want to trade-in
   Mention coupon code if any or click on Next.
   
   
7. Enter your bank details.
   Click on Next.
   
   
8. Upload your digital signature.
   You can also submit your income proof (Optional). Click on Next.
   
   
9. Upload Aadhaar document in two parts- front and back
   Manually fill the details on the right as per Aadhaar. Click on Next.
   
   
10. Upload your digital PAN copy and Passport size photograph
    Click on Next.
    
    
11. Choose a brokerage plan as per your need
    Click on Continue.
    
12. Esign using Aadhaar Number.
    The mobile number has to be linked with Aadhaar. Click on Esign Now.
    
    
13. You will receive an OTP on your mobile number linked with your Aadhaar
    Fill the OTP. Click on Submit.
    
    
14. Sign Now
    Click on the option to Sign 
    
    
15. You will be redirected to the NSDL portal
    Fill your Aadhaar number. You will receive an OTP. Fill the OTP. Click on Verify OTP.
    
    
16. Upload your In Person Verification (IPV) video
    Click on Next.
    
    
17. After your IPV video is uploaded
    Click on Next.
    
    
18. Finally, the process is now complete
    You will get the user id and password when your account gets activated.
    
    

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Official Income Tax Return filing website: https://incometaxindia.gov.in/