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Open a Trading Account online on Upstox

by | Jun 24, 2024 | Income Tax | 0 comments

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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.

    upstox open free account online
  2. Fill your email and phone number
    Click on Process.

    upstox account open process
  3. Fill your PAN number and Birthdate as per PAN
    Click on Next.

    upstox fill pan details
  4. Select from options given below
    You can choose the option as per your requirement.

    upstox fill aadhaar based details
  5. Check the tickbox
    Click on Next.

    upstox fill aadhaar details
  6. Select the segments you want to trade-in
    Mention coupon code if any or click on Next.

    upstox choose plan
  7. Enter your bank details.
    Click on Next.

    upstox add bank details
  8. Upload your digital signature.
    You can also submit your income proof (Optional). Click on Next.

    upstox upload digital sign
  9. Upload Aadhaar document in two parts- front and back
    Manually fill the details on the right as per Aadhaar. Click on Next.

    upstox upload aadhaar
  10. Upload your digital PAN copy and Passport size photograph
    Click on Next.

    upstox upload PAN
  11. Choose a brokerage plan as per your need
    Click on Continue.
    upstox choose brokerage plan
  12. Esign using Aadhaar Number.
    The mobile number has to be linked with Aadhaar. Click on Esign Now.

    upstox Esign
  13. You will receive an OTP on your mobile number linked with your Aadhaar
    Fill the OTP. Click on Submit.

    upstox Esign OTP
  14. Sign Now
    Click on the option to Sign 

    upstox sign now
  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.

    upstox TIN-NSDL
  16. Upload your In Person Verification (IPV) video
    Click on Next.

    upstox IPV proof
  17. After your IPV video is uploaded
    Click on Next.

    upstox IPV proof upload
  18. Finally, the process is now complete
    You will get the user id and password when your account gets activated.

    upstox application submitted

Read More: Download Tradebook from Angel Broking

Web Stories: Download Tradebook from Angel Broking

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

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