Brokerage charges:

Here are the brokerage charges on different products:

  • Equity delivery trades are free of cost.
  • For intraday trading on BSE, NSE and MCX, and F&O brokerage is 0.01% or up to Rs. 20 per order traded (whichever is lower).
  • You can calculate the brokerage that you'll be paying with their interactive brokerage calculator at  https://upstox.com/tools-and-calculators/brokerage-calculator/

Account opening fees:

  • Open an account with Upstox for FREE!
  • A monthly maintenance charge of Rs.25 (excluding GST) is applicable only on Demat accounts. This will be charged at the end of every month.
  • An additional Rs. 100 will be charged to process physical account opening forms that are sent to the Upstox mailing address.
  • With Upstox, once you open a Demat account you automatically open a trading account when you choose the segments you wish to trade-in.

Online Demat account opening process

You can open a Demat account using your Aadhaar Card and filling out the. Ensure that you keep your required documents handy while completing the account opening process online.

Non-paperless Demat account opening process

If your Aadhaar Card is not linked to your phone number, then you'll have to fill out the paper Demat account opening form in order to open an account. Just print, fill out, sign and send us the paper forms via courier to our office address. Ensure that you attach the cheques for the accounts that you wish to open.

NRI account

If you are an NRI, the account opening process and brokerage charges are a little different from that of a regular resident of India. 

Taking a Demat account with an NRI account is a little messy than creating an account with a normal resident savings account. Not only that, Zerodha is now rejecting all NRI applications and Upstox has stopped accepting NRI applications temporarily.


 If you're having a normal savings account, then you can easily apply with that account. Also, you must have a mobile number that is linked with Aadhar and you must receive an OTP in it. 


Another way is, You can create an account with one of your relative who might be your wife or parent or anyone in your family so that you can handle that account from anywhere. And this is what most of the NRIs do.