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 Hey, have you tried Upstox yet? I've been trading with them and thought you’d love it too! Upstox is one of India's largest and fastest-growing brokers with over 30 lakh users. The app is easy-to-use, for both pro traders and beginners, and allows you to invest in Stocks, Futures, Options, Mutual Funds, Digital Gold, and more. Opening an account is fast and paperless! Sign up now with my link to open your account for FREE and enjoy FREE investing in Equity Delivery Trades:   CLICK HERE TO GET 500RS

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Zero charge demat account. 

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How to open a demat account

Before you get started on the demat account opening procedure, select your broker. This choice could depend on a variety of factors - such as brokerage fees/charges (more on this below), the platform’s / user interface, and its customer service.

In today’s digital world, the way you apply for your account matters. Your broker is the one who’ll help you open a demat account in the easiest way possible. Is it the traditional method involving paper forms? Or the new-age Aadhaar-based paperless online method?

We’ll lay them out here for you and let you figure out what’s easier.

Steps to open a demat account

The online account opening method

In today’s digital world, there really shouldn’t be any reason for you to be filling out physical forms when almost the entirety of your information can now be stored digitally. Fortunately, some brokers have the online processing part figured out. Customers can sign up and complete the registration process online. As long as you have an Aadhaar card with your mobile number linked to it, you’re good to go!

  • Enter your basic details, and click Sign Up.
  • Head to the Upstox online demat account opening page.
  • Keep scanned copies (i.e. soft copies) of your documents (Aadhaar, PAN, Cancelled Cheque, and your latest bank statement) with you for when you are directed to upload them.
  • Enter your Aadhaar details and the OTP you receive on your linked mobile number in order to verify your identity.

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