Upstox Refer And Earn – ₹1200 On Every Referral

Upstox Refer And Earn allow you to make up to ₹1200 on every successful referral. In this article, we will see the step by step process of Upstox Refer And Earn. When you refer this app to your friends, and they open a Demat account through your link, you will get ₹800 into your Upstox account. You will get an additional ₹400 in your wallet when your friends start the first trade.

Upstox allows you to invest in stocks, mutual funds (SIP), IPOs, and futures & options. You can also do Intraday trading. Earlier, this Upstox Refer And Earn bonus was ₹800 on every successful referral.

Upstox is a Mumbai based discount broker company founded by Raghu Kumar, Ravi Kumar and Shrinivas Viswanath. in 2011. It was previously known as RKSV Securities.

Upstox account opening

Before moving to the Upstox account opening process, let’s check the documents required for creating an account on Upstox. Here is a list of documents required for creating an account.

Documents required to open an account on Upstox

  • PAN Card
  • Bank Account
  • Mobile Number 
  • Aadhar Card linked with Mobile Number 

Upstox account opening step by step process

  • Go to the official Upstox website. This link is an affiliate link, meaning if you go though this link, you will get additional ₹600 to ₹1000 (varies time to time) for opening your Demat account.
  • Click on SignUp and enter your Mobile Number and Email Id. An OTP will be generated to your registered mobile number. Enter the OTP and click on SignUp button.
  • Enter your PAN Card Number and Date of Birth. Your Date of Birth should be same as mentioned on the PAN card.
  • Click on Next and then fill the following details and then accept the terms and conditions and click on Next.
    1. What is your gender?
    2. What is your Marital Status?
    3. What is your Annual Income?
    4. What is your Trading Experience?
    5. Are you Politically Exposed?
    6. What is your Occupation?
    7. Is your country of tax residence, India?

Congratulations your account has been successfully opened!

Now you have to open your Dmat Account
  • Click on ‘Yes, I want a free stock’.
  • Enter your address. It comes auto-filled, however you can change it by clicking on ‘No, I want to edit them’. Click on ‘Yes, this details are correct’ and move on to the next page.
  • Enter your eSign.
  • Upload a selfie and click on next.
  • Enter your bank account detials and click on Next.
  • Click on Get OTP and enter the OTP.
  • You have to pay acount opening charge.
  • Congratulations, your Dmat account is successfully opened.
  • Click on ‘Yes, activate these segements’ if you want to trade in Futures and Options else click on ‘No’.
  • Click on e-Sign with Aadhar OTP and accept the terms and conditions.
  • NSDL website will open, enter your Aadhar card number an OTP will be generated to the registered mobile number.
  • Enter your OTP and its done.

Your application for account opening is submitted and you will get the login details within one-two working days.

Upstox charge

Investors have to pay Upstox charges for creating a new account. Here is a chart showing Upstox account opening charges.

TransactionFee
Account Opening Charges (One Time)Rs 249
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs 0 (Free)
Demat Account Opening Charges (One Time)Rs 0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs 0 (Free)
Upstox account opening charges

Upstox brokerage charges – 2022 Update

Upstox account opening charges
Upstox brokerage charge

Investors have to pay Upstox brokerage charges (commission) for buying and selling stocks. Here is a chart showing charges for equity, commodities and currency derivative trading for Upstox.

SegmentUpstox Brokerage Fee
Monthly Fee (Fixed)NA
Equity DeliveryRs 20 per executed order or 2.5% whichever is low
Equity IntradayRs 20 per executed order or 0.05% whichever is lower
Equity FuturesRs 20 per executed order or 0.05% whichever is lower
Equity OptionsRs 20 per executed order
Currency FuturesRs 20 per executed order or 0.05% whichever is lower
Currency OptionsRs 20 per executed order
Commodity FuturesRs 20 per executed order or 0.05% whichever is lower
Commodity OptionsRs 20 per executed order
Upstox brokerage charges

How to use Upstox?

Upstox is a user-friendly platform, and so it is very easy to use.

Withdraw referral money from Upstox Refer And Earn

Withdrawing money from the trading account to your Bank account is very easy. Follow this simple step to withdraw money.

Old App Users:
  • Login to your Upstox account and click on Refer and Earn.
  • Click on ‘Your Earnings and Referrals’ option.
  • Here, you can see your referral earnings, enter the amount you want to withdraw and then click on Confirm button.
  • Your money will be transferred into your Bank account within 3 working days..
New App Users:
  • Login to your Upstox account and click on Rewards option.
  • Enter the amount you want to withdraw and click on Submit button.
Withdraw Money from Trading Account
  • Login to your Upstox account.
  • Click on ‘Withdrawal Request’ and choose the ‘New’ option.
  • Select between ‘Securities’ or ‘Commodities’.
  • Enter the amount you want to withdraw and click on Submit button.

FAQ: Upstox Refer And Earn

How to close the Upstox account?

The Upstox account can not be closed online by sending an account closure mail. Follow these steps to delete Upstox account.
1. Go to Upstox and click on Download Forms located at the bottom of the page.
2. Click on ‘Demat Account Closure’ to download the form.
3. Print the form and fill it.
4. Send the form by courier to the Upstox office.

What is square off in Upstox?

Squaring off means closing all open positions by the end of the trading day. That means if you have bought the stocks, you must sell and, if you have sold the stock then, you must buy before the market closes. Otherwise, by the end, when the market closes, your broker will close your trades, and that will cost you extra charges.

How to set stop loss in Upstox?

To set a stop-loss limit order, enable the ‘Trigger Price’ and ‘Limit Price’ toggle buttons. Enter the trigger price and limit price as per your requirement.

What is UCC id in Upstox?

UCC id in Upstox refers to Unique Client Code that can be used while login into your Upstox account or for any customer support.

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