How much time does it take to open a Demat account?
Once you submit your complete account opening form and upload all the required documents for verification, it takes about 12-24 hours to open an account.
What documents are required to open a demat account?
Opening a Demat account is Aadhaar-based. You just have to keep these documents handy to fasttrack your application: Aadhaar Card, PAN Card, Canceled Cheque and the Latest Bank Statement with IFSC/MICR code.
What kind of margins does Upstox provide?
Varying levels of margins are available on intraday orders for equities, F&O, commodities and currency futures—you can check your daily margin limits. If you would like to trade with better leverage, sign up for our Priority Packs after you open a demat account.
Why does Upstox require a Power of Attorney (POA) to open a Demat account?
You have to submit a physical POA to be able to sell and transfer shares from your demat account, as per the rules set by the stock exchanges you wish to trade on.