What are the Charges in Upstox Demat Account? Hello, in this post, I’ll discuss Demat & Trading account charges is Upstox. I already discussed share trading charges in detail if you have not read the post till now visit now.
About Upstox
Upstox is one of India’s fastest-growing retail broking firms. The company allows retail investors in India to invest in stocks, futures, options, currencies, and commodities at lower rates compared to traditional full-service brokers. It is headquartered in Mumbai. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata, and GVK Davix.
How to Open Demat & Trading Account in Upstox?
Let me explain in short –
To get started, here is the direct link to the account opening page at Upstox.
On this page,
- Enter your Mobile No. & Email ID,
- Verify you Mobile using OTP,
- Enter you PAN and DOB,
- Next, Fill Some Personal Details,
- At this step, Fill Your Bank Details,
- Upload PAN, Signature & Bank Details,
- E-Sign With you Aadhaar OTP.
After the successful completion of the above process, your Upstox Demat & Trading account will be created and login details will be shared with you via Email & SMS.
Let discuss the charges in Upstox Demat & Trading Account
What are the charges required for Upstox Demat account?
We can divide the charges in three part –
- Account Opening Charges.
- Annual Maintenance Charges.
- Charge on Stock buy & Sell in Upstox (Brokerage + Other Charges).
What is account opening charge in Upstox?
To create Trading & Demat account with Upstox they take some charges from you after that they do the whole process for you, with their efforts.
Here are the account opening charges at Upstox –
Upstox offers you 2-3 types of account opening plan, here are the details –
- Upstox Free Demat Account Opening Plan – In this plan you will get a free Demat account and no other benefits. Open Free Demat Now
- Upstox Lite Plan – In this Lite plan you have to pay Rs. 249 as account opening charge. For this charge you will get lots of benefits.
What is annual maintenance charge in Upstox?
For maintaining your Demat account, Upstox charges Rs. 25 + GST Per month or Rs. 354 per annum, as annual maintenance charge.
What are the other charges in Upstox?
Here are the details of the charge needed to pay on stock buy & sell at Upstox
Upstox Charges | Equity Delivery | Equity Intraday | Equity Futures | Equity Options |
---|---|---|---|---|
Brokerage | Zero brokerage | Rs. 20 per executed order or 0.05% (whichever is lower) | Rs. 20 per executed order or 0.05% (whichever is lower) | Flat Rs. 20 per executed order. |
STT/CTT | 0.1% on both buy & sell. | 0.025% only on sell. | 0.1% only on sell. | 0.1% only on sell. |
Transaction Charges | NSE: 0.00325% per trade on buy & sell. BSE: charges vary as per the scrip group | NSE: 0.00325% per trade on buy & sell. BSE: charges vary as per the scrip group | NSE: Exchange turnover charge: 0.0019%Clearing charge: 0.0002% | NSE: Exchange turnover charge: 0.05%Clearing charge: 0.005% |
Demat transaction charges (DP Charge) | Rs. 18.5 per scrip per day only on sell. | No charges | No charges | No charges |
GST | 18% (on brokerage + transaction + demat charges) | 18% (on brokerage + transaction charges) | 18% (on brokerage + transaction & clearing charges) | 18% (on brokerage + transaction & clearing charges) |
SEBI Charges | Rs. 15/crore | Rs. 15/crore | Rs. 15/crore | Rs. 15/crore |
STAMP Duty | 0.015% or Rs 1500 per crore on buy-side | 0.003% or Rs 300 per crore on buy-side | 0.002% or Rs 200 per crore on buy-side | 0.003% or Rs 300 per crore on buy-side |
How to calculate brokerage in Upstox?
To calculate Upstox brokerage you can visit Upstox brokerage calculator page or can calculate by yourself using the above chart.