Benefits:
Open your online Demat Account with Upstox in just a few clicks and start trading with low charges.
📝 Simple, quick & paperless onboarding process.
💁🏻♀️ Zero account opening charges
🤠 Zero commissions on investing in Mutual Funds & IPOs
👉🏻 Zero Account maintenance charges
Whom to sell?
- Applicable only for new users. Old customers of Upstox are not eligible.
- The customer’s phone number should be linked to their Aadhaar Card. & the customer should have a PAN card.
How it works?
- Watch the training video.
- Share the link with everyone in your network(friends/customers).
- A customer clicks on the shared link and is redirected to Google Play to download the Upstox app.
- The customer to enter the mobile number & complete the verification process.
- The customer to create a PIN.
- The customer to enter the email address & complete the verification process.
- Enter PAN no, date of birth & personal details.
- Accept the terms & conditions & confirm the details entered before.
- The customer is to upload the signature & selfie.
- Confirm your address details.
- The customer to enter the bank details.
- To invest in F&O: upload bank proof & submit ITR, bank statement or salary slip to activate F&O.
- Enter Nominee details (optional)
- Complete the e-signing process & enter the Aadhaar details and complete the verification process.
- Once the customer’s account is successfully opened (confirmation email received), your income gets credited to your linked bank account during the payout cycle.
Terms & Conditions
Customers to tick the F&O segment during account opening
- The customer’s phone number should be linked with their Aadhaar Card & the customer should have a PAN card.
- Applicable only for new users. Customers should not have an existing relationship with Upstox.
- The entire account opening process should be completed in one go.
- Customers should have the following documents ready for quick account opening:
- Proof of income
- Proof of identity
- Proof of address
- Tracking time is 10 days after account opening.
DOs
- Complete the process in a single journey, if required, resume the journey using the link from the “my customer” section.
- Check pincode availability.
- Customers should keep a blank paper and PAN card handy while doing KYC.
- Customers should not have any existing account with the brand or had previously applied for the same.
- Inform customers of the product features and how to use the account.
- Always inform customers about the risks in the securities market and help them to understand the terms and conditions.
DON’Ts
- Don’t make false promises like Loan, or credit card offer to the customer.
- Don’t use your phone or laptop to open the customer’s account.
- Never log in to a customer account on your phone or device.
- Avoid any mismatches between PAN and Aadhaar Card.
- Multiple accounts are not allowed from the same device/number/email ID/PAN/Aadhaar/Address.
- GroMo reserves the right to deny participation, stop payout, or permanently ban the partner if any fraudulent activity is observed like:
-Trading on behalf of customers.
-Trade Manipulation – Trading manipulation means a trade is done solely to earn a payout, such as transferring small amounts of money, or making small trades.
-Multiple accounts opened from the same device
-Incomplete/false customer address or details
-Customer accounts opened without their knowledge
-Paying money or offering incentives for account opening or trade to customers
Frequently Asked Questions
Q1. Do I have to pay for using the platforms?
Ans-> No. You can check out the Upstox Pro web & mobile platforms for free and open an account only when you’re ready to place a trade. There’s no fee to use the trading software.
Q2.What is the brokerage* cost of trading in Futures and Options?
Ans-> For Futures, you’ll be charged ₹20* or 0.05% (whichever is lower) per order. For Options, you’ll be charged a flat fee of ₹20* per order. Your maximum brokerage* cost remains ₹20* per order irrespective of the size of the order.
Q3.What is the brokerage* cost of trading in Equities?
Ans-> For equity delivery trades, brokerage* charges are ₹20* per order or 2.5% (whichever is lower) for both buy and sell orders. For equity intraday trades, brokerage* charges are ₹20* per order or 0.05% (whichever is lower) for both buy and sell orders.
