Accounts & headline costs
Sections ↑Account comparison01
Account and service routes at a glance
| Account / service | Contract and customer scope | Platform and principal condition |
|---|---|---|
| Resident Plus | Upstox Securities Private Limited — India; retail clients | Upstox app. Published Plus entitlements; activation and plan conditions apply. No live feature test.Source 6Source 3 |
| Resident API | Upstox Securities Private Limited — India — resident retail clients | Upstox API. Authenticated account, static-IP controls and segment permissions apply; brokerage remains payable.Source 21Source 3 |
| Resident Basic | Upstox Securities Private Limited — India; retail clients | Upstox app / Pro Web. Resident ordinary tariff; promotions, BSDA and special account types have separate conditions.Source 6Source 4Source 3 |
| Resident Plus | Upstox Securities Private Limited — India; retail clients | Upstox app / Pro Web. Plus is a pricing/feature plan, not a separate tax wrapper or a guarantee of lower total cost.Source 6Source 7Source 3 |
| Resident Basic with MTF | Upstox Securities Private Limited — India; retail clients | Upstox app. Eligible securities, approved client limit and sufficient margin; daily slabs round upward.Source 16Source 17Source 3 |
| Resident Plus with MTF | Upstox Securities Private Limited — India; retail clients | Upstox app. Eligible securities, approved client limit and sufficient margin; not a flat annual interest rate.Source 16Source 17Source 3 |
| NRI NRE/PIS or NRO/non-PIS | Upstox Securities Private Limited — India; retail clients | Upstox NRI. Location, residency, bank and segment checks apply; no generic resident tariff is substituted.Source 14Source 3 |
| Global Investing / US account | Upstox Securities Private Limited (IFSC Branch) — India — GIFT City IFSC / eligible foreign-market account; retail clients | Upstox Global Investing. Separate foreign-account and remittance process; IFSC references remain company-published and not independently authority-verified.Source 27Source 29Source 30 |
Upstox combines Indian exchange investing and trading with separate NRI and US-investing routes. For a resident individual, Basic and Plus are pricing and feature plans attached to the trading relationship. Margin Trading Facility (MTF) is borrowing against eligible delivery positions; it is not a third cash account. This profile uses INR for domestic charges and USD for the separate US service, checked on 11 October 2026.[2][6][15][27]
Account comparison02
Resident execution tariff: lower amount applies where two are shown
| Product | Basic / order | Plus / order |
|---|---|---|
| Delivery and MTF | ₹20 or 2.5% | ₹30 or 2.5%Source 6 |
| Equity intraday | ₹20 or 0.10% | ₹30 or 0.10%Source 6 |
| Equity futures | ₹20 or 0.05% | ₹30 or 0.05%Source 6 |
| Equity options | ₹20 | ₹30Source 6 |
| Currency / commodity combined label | ₹20 or 0.05% | ₹30 or 0.05%; source does not split futures/options or independently define an option-premium basis.Source 6 |
Pricing & charges03
Maintenance and opening offers
| Item | Published treatment | Boundary |
|---|---|---|
| Account opening | Advertised ₹0 for demat and trading. | Check the final onboarding quote.Source 2 |
| Processing charge | A processing fee may appear during onboarding. | Distinct from the zero-opening headline.Source 4 |
| First-year AMC | Waived for customers onboarded from 14 February 2025. | Ordinary subsequent AMC is ₹300 plus GST/year.Source 4 |
| Qualifying BSDA | Holdings ≤₹4 lakh: ₹0; above ₹4 lakh through ₹10 lakh: ₹100/year before GST. | Other account ownership and eligibility tests also apply.Source 5 |
| Checking BSDA status | The Client Master Report’s Account Category shows the classification. | A low portfolio value alone is not proof of qualification.Source 5 |
Broker essentials04
Account essentials
| Measure | Value | Context |
|---|---|---|
| Resident application | Trading and demat opening are combined, with bank verification, PAN/Aadhaar identity checks and electronic signatures. Derivative segments require additional evidence and activation. | Source 2 |
| Domestic funding | Fund the account through its supported bank-payment routes. Trading buying power and the amount eligible for bank withdrawal can differ. | Source 2Source 19 |
| NRI route | The current dedicated opening page covers clients in the UAE or India. NRE/PIS and NRO/non-PIS routes have different bank, product and tariff conditions. | Source 14 |
| US minimums | Eligible fractional purchases start at US$1; the US pricing page separately states a US$100 minimum deposit. Domestic INR cash is not automatically a funded US wallet. | Source 27Source 31 |
| Borrowing and protection | MTF can generate losses beyond the initial contribution. Domestic exchange claims, foreign securities custody and distributed deposits have different protection rules. | Source 17Source 37Source 27Source 39 |
The opening page’s zero-brokerage offer links to a ₹250 brokerage-credit cap, a validity period communicated on activation and exclusions for Plus and lot-based plans. It covers completed eligible trades, not statutory charges. Unused credit expires. That promotion is separate from the ongoing tariffs below.[9]
Products & platforms
Sections ↑Reference table05
Product and service map
| Product | What the account offers | Important distinction |
|---|---|---|
| Stocks and ETFs | Indian exchange investments and portfolio monitoring. | Cash delivery, intraday and financed delivery use different funding rules.Source 1 |
| Futures, options, currency and commodities | Segment-enabled exchange contracts. | Permissions, margin and expiry terms follow the contract; the menu is not unrestricted global FX access.Source 2 |
| Mutual funds | Direct plans with no Upstox commission. | Scheme expenses, exit loads and taxes remain relevant to the investment.Source 10 |
| IPOs | Applications with zero Upstox commission. | Offer terms, mandate approval and allotment still govern the outcome.Source 2 |
| Recurring share purchases | Stock SIP and long-validity order tools are advertised in the official app description. | A Stock SIP buys shares; it does not create a managed mutual-fund portfolio.Source 13 |
| Fixed income and distribution | The platform lists fixed deposits, NCDs and NPS services. | Assess the issuer/product terms separately from the securities brokerage account.Source 1 |
Platforms & products06
What Plus changes beyond ordinary brokerage
| Feature | Published difference |
|---|---|
| Activation | Initially free; future subscription fees require advance notice. A revised tariff is emailed on activation.Source 7 |
| Market tools | Five levels become 20 demand/supply levels; alerts 100→500; watchlists 10×100 symbols→20×200.Source 6 |
| Android Strategy Builder | Plus two-leg orders ₹30; four-leg orders ₹60. Eligibility is limited to those multi-leg Android orders.Source 7 |
| Connectivity | Dedicated routing is for NSE; the contract explicitly gives no execution guarantee and allows contingency outages.Source 7 |
| Switching restriction | The contract requires a 24-hour cooling-off period after each switch.Source 7 |
Platforms & products07
Trading tools and their limits
| Tool | Published function | Boundary |
|---|---|---|
| App / Pro Web / TradingView | Chart trading, options tools, portfolio monitoring and broker-connected order entry. | Interface choice does not replace exchange or account permissions.Source 13 |
| GTT | Published validity up to 365 days; cancel or modify before triggering. | For an expiring contract, the contract’s life also limits the instruction.Source 24 |
| GTT cost | No extra GTT facility fee; ordinary executed-trade charges apply. | Triggering still requires a valid, funded, executable order.Source 25 |
| API access | Trading and data APIs are described as free; REST APIs, SDKs and account/portfolio functions are available. | Ordinary trade charges remain. No live execution or uptime test was performed.Source 21 |
Account comparison08
Mutual-fund SIP operations
| Action | Published workflow |
|---|---|
| Automate instalments | Approve the bank e-mandate using a supported authentication method; approval is separate from creating the SIP.Source 11 |
| Mandate timing | The email approval link expires after five days; bank registration may take about T+7 days.Source 11 |
| Mandate charge | Upstox does not charge registration; the bank may charge its own fee.Source 11 |
| Change an active SIP | The help article says date/frequency cannot be modified: cancel the existing SIP and create a new one.Source 12 |
The facts09
Platform evidence and feature boundaries
| Measure | Value | Context |
|---|---|---|
| Basic and Plus tools | The Plus matrix describes additional market-depth views, alerts and watchlist capacity. The contract limits the advertised dedicated exchange line to NSE and does not guarantee execution. | Source 6Source 7 |
| API market-data connections | The Plus matrix lists two Basic and five Plus sockets, while its FAQ refers to three sockets without a consistent total. Check the applicable feed entitlement before designing concurrent subscriptions. | Source 6 |
| Product exposure | Shares and ETF units are securities; futures and options are expiring contracts; Direct mutual funds have their own scheme expenses. An API or advanced interface does not change those exposures. | Source 2Source 10Source 21 |
Fees & holding costs
Sections ↑Total cost depends on executed orders, depository movements, financing days and the investment itself. Plus raises ordinary per-order brokerage ceilings while lowering certain service and funding charges. A brokerage promotion does not remove exchange levies, depository charges or all product expenses.[6][4][9]
Pricing & charges10
Account, depository and assisted-service charges
| Item | Published charge; GST additional unless included |
|---|---|
| Delivery DP debit | ₹20/scrip/day on sell.Source 4 |
| Call and trade | ₹75/order.Source 4 |
| Intraday automatic exit | Basic ₹75; Plus ₹50.Source 4 |
| Netbanking payment | Basic ₹7 including GST; Plus free.Source 4 |
| Pledge / unpledge | ₹20/scrip each.Source 4 |
| CUSPA / invocation | ₹50 each.Source 4 |
| Off-market transfer | ₹20/ISIN.Source 4 |
| Demat / remat | ₹100/certificate + ₹50 courier.Source 4 |
| Buyback / OFS / takeover / delisting | ₹20.Source 4 |
| Delayed debit | 0.05% daily.Source 4 |
| Voluntary auction | 1% of previous-close value.Source 4 |
The facts11
Other published service charges
| Measure | Value | Context |
|---|---|---|
| Account changes | Account modification ₹50; a physical profit-and-loss statement ₹10 per page, before applicable tax. | Source 4 |
| NPS service fee | The tariff lists ₹200 in the first year; thereafter 0.2% of assets with a ₹30 minimum, collected quarterly on a pro-rata basis for non-dormant accounts, plus tax. Pension-product costs and rules are separate. | Source 4 |
| Expired API promotion | The general tariff still contains a ₹10 API-order promotion that ended on 31 December 2025. It is excluded from the current headline prices. | Source 4 |
Pricing & charges12
Current domestic levies: transaction side matters
| Product | STT | Buy-side stamp | NSE transaction rate |
|---|---|---|---|
| Delivery | 0.1% both | 0.015% | 0.00307%Source 4 |
| Intraday | 0.025% sell | 0.003% | 0.00307%Source 4 |
| Futures | 0.05% sell | 0.002% | 0.00183%Source 4 |
| Options | 0.15% sale premium | 0.003% | 0.03553% premiumSource 4 |
| Additional charges | Exercise treatment differs from an ordinary option sale. | SEBI turnover fee: ₹10/crore. | GST 18% on taxable charges; BSE and other products differ.Source 4 |
Pricing & charges13
MTF financing is charged in rounded-up borrowed-amount slabs
| Plan | Daily charge | Other MTF charges |
|---|---|---|
| Basic | ₹20 per ₹40,000 borrowed or part. | Normal trade brokerage plus pledge costs.Source 16 |
| Plus | ₹20 per ₹50,000 or part for first ₹1 lakh; excess ₹20 per ₹40,000 or part. | A partially used slab still costs a full slab.Source 16 |
| Forced MTF exit | Published ₹50/order. | Distinct from ordinary intraday RMS pricing.Source 16 |
| Worked financing example | ₹90,000 borrowed: Basic ₹60/day; Plus ₹40/day. | Our calculation excludes tax, brokerage and pledge charges.Source 16 |
Pricing & charges14
Collateral funding
Pricing & charges15
Plan-switch timing affects the bill
| Change | When it takes effect |
|---|---|
| Basic → Plus tools | Feature access is immediate; pricing starts next trading day.Source 8 |
| Basic → Plus prices | New brokerage, Strategy Builder, funding, netbanking and withdrawal pricing begin next trading day.Source 8 |
| Plus → Basic | Netbanking and instant-withdrawal fees return the same day; trading/funding pricing changes next trading day.Source 8 |
Pricing & charges16
Calculated examples: selected broker charges only
| Scenario | Basic | Plus |
|---|---|---|
| One ₹50,000 delivery buy and one ₹50,000 sell | ₹20 + ₹20 = ₹40 brokerage | ₹30 + ₹30 = ₹60 brokerageSource 6 |
| Four ordinary executed equity-option orders | 4 × ₹20 = ₹80 brokerage | 4 × ₹30 = ₹120 brokerageSource 6 |
| One eligible Android two-leg Strategy Builder order | Ordinary Basic orders: 2 × ₹20 = ₹40 | Contracted eligible two-leg order: ₹30Source 6Source 7 |
| ₹90,000 MTF borrowing held for seven charged days | 3 slabs × ₹20 × 7 = ₹420 | 2 slabs × ₹20 × 7 = ₹280Source 16 |
Execution & trading rules
Sections ↑Exchange sessions, the broker’s automatic intraday exits and contract-expiry funding deadlines are separate controls. An order-trigger time or displayed closing price is not an execution guarantee. The schedule below uses Indian Standard Time (IST), and applies to the stated cash-equity or derivatives category.[34][47][24]
Trading & service hours17
Indian market close: times in IST
| Segment | Current exchange schedule |
|---|---|
| Cash shares with derivatives | Continuous session to 15:15; closing auction 15:15–15:35.Source 34 |
| Other cash shares | Continuous trading 09:15–15:30.Source 34 |
| Equity derivatives | 09:15–15:40.Source 34 |
| Closing-auction orders | Limit and market orders only; stop-loss and iceberg orders excluded. Market-order changes end at 15:25.Source 34 |
Trading & service hours18
Upstox automatic intraday exit times
| Cash-stock category | Published Upstox time | Exchange context |
|---|---|---|
| F&O-enabled stocks | 15:05 IST | Automatic intraday exit precedes the eligible cash continuous-session close at 15:15Source 47Source 34 |
| Non-F&O-enabled stocks | 15:20 IST | Automatic intraday exit precedes the ordinary cash-session close at 15:30Source 47Source 34 |
Account comparison19
Published MTF limits require an account-specific check
| Item | Current position | Consequence |
|---|---|---|
| Advertised funding | The product page leads with up to 5× buying power and positions up to ₹15 crore. | Approved securities, margin and client limits control actual availability.Source 15 |
| Inconsistent FAQ | The same page still describes a 25% contribution and ₹5 crore cap. | These are unresolved public differences, not interchangeable promises.Source 15 |
| Holding period | Current product copy says unlimited days while margins and charges are maintained. | That is conditional on continued funding; it does not prevent liquidation.Source 15 |
| Cashless MTF | Eligible existing shares can be pledged for the initial contribution. | Pledged market value is not identical to usable margin after haircuts.Source 15 |
Protections & eligibility20
Pledge operation and contractual risk
| Event | Published treatment |
|---|---|
| Automatic pledge | The current help update says MTF pledging has been automatic since 7 November 2024. Daily manual authorisation instructions in older material are superseded.Source 18 |
| Margin call | If the required shortfall is not supplied, the agreement allows invocation and market sale. Losses can exceed the initial contribution.Source 17 |
| MTM trigger | The published agreement permits square-off when mark-to-market loss exceeds 70% of deposited margin.Source 17 |
| Security loses eligibility | The agreement provides six days to close or convert; the broker can liquidate after that period.Source 17 |
| Interest and withdrawal | Funding runs through the applicable pay-in/payout period; repay financing, interest and obligations before withdrawing released surplus.Source 17 |
| MTF protection exclusion | The agreement excludes exchange Investor Protection Fund coverage for losses connected with this facility.Source 17 |
Developer order controls
Platforms & products21
API controls that can reject an order
| Control | Current developer specification |
|---|---|
| Static IP | Register primary and optional secondary static IP; order operations are accepted only from registered addresses.Source 22 |
| Changing an IP | Limited to once weekly; changing it invalidates existing access tokens.Source 22 |
| Order-request rate | Unregistered algo: 10/second; registered algo: 50/second. Both have 500/minute and 2,000/30-minute ceilings.Source 23 |
| Other standard requests | 50/second, 500/minute and 2,000/30 minutes.Source 23 |
Use the developer endpoint documentation and its current limits when implementing a strategy. The marketing page’s broad 50-request-per-second headline does not establish that every unregistered trading algorithm has that limit. Retries, duplicate orders and token changes need explicit handling in the client application.[21][23]
Dated expiry instructions
Trading & service hours22
Current reviewed commodity notice: 15 October 2026 expiry
| Requirement | Published instruction |
|---|---|
| Affected contracts | ITM, ATM and CTM CRUDEOIL and CRUDEOILMINI options expiring on 15 October 2026 convert into futuresSource 48 |
| Funding cut-off | Maintain sufficient futures margin before 21:00 IST on 15 October 2026 to avoid the stated square-off processSource 48 |
| Expiry-day product mode | The notice disallows NRML delivery trading in MCX options on expiry day; only MIS is permittedSource 48 |
Trading & service hours23
Historical equity-derivative example: September 2026 expiry
| Requirement | Published treatment |
|---|---|
| Opt-in and full funding | Physical settlement required consent plus full cash or deliverable holdings across all relevant positions; partial funding was not accepted.Source 26 |
| Increasing delivery margin | Long in-the-money options: 10%, 25%, 45%, 70% across the four pre-expiry days; Upstox blocked these amounts from the start of the day.Source 26 |
| Forced exit | For that expiry, no-consent/unfunded positions entered a noon expiry-day square-off process. Failure to execute could still leave the physical obligation.Source 26 |
| Physical-settlement brokerage | 0.25% of physically settled value; 0.1% for netted-off positions, plus other applicable charges.Source 26 |
Consent, cash or deliverable shares and increased margin can all be required before physical settlement. A failed forced exit can leave the delivery obligation in place. The announcements directory is the appropriate source for the next contract-specific instruction.[26][46]
Deposits, withdrawals & transfers
Sections ↑The facts24
Funding the domestic account
| Measure | Value | Context |
|---|---|---|
| Bank relationship | Use the verified bank account and the available payment instructions in the account-opening and funding workflow. A US remittance is a separate process. | Source 2Source 31 |
| Bank-payment charge | The tariff quotes ₹7 including GST for Basic netbanking and zero for Plus. Any bank-side charge is a separate component. | Source 4 |
| Sale proceeds | Cash available to place another trade is not necessarily settled cash available for payout; the payout service uses the eligible withdrawable balance. | Source 19 |
| Transfer of securities | Off-market depository transfers are separately charged at ₹20 per ISIN before tax. Selling holdings and withdrawing cash is a different operation, with its own dealing and DP charges. | Source 4 |
Account comparison25
How cash reaches the bank
| Stage | Published rule | Practical limit |
|---|---|---|
| Standard payout | NEFT to the registered primary bank; no payout fee. | Only the eligible withdrawable balance can be requested.Source 19 |
| Instant payout | IMPS; Basic ₹20 plus GST, Plus free. | Subject to real-time eligibility; otherwise use the available standard mode.Source 19 |
| Instant window and cap | 10:00–19:00; up to ₹5 lakh/day. | Active eligible account, no settlement holiday and no open F&O positions/orders.Source 20 |
| Pending request | One active withdrawal request at a time; an initiated IMPS request cannot be edited. | Withdrawable funds and trading buying power are different balances.Source 19 |
The facts26
Requests that need attention
| Measure | Value | Context |
|---|---|---|
| Standard route | NEFT pays the registered primary bank. An unsettled obligation or existing request can reduce or block the available withdrawal. | Source 19 |
| Instant route | IMPS requires current eligibility, not merely enough displayed portfolio value. The help page excludes settlement holidays and accounts with open F&O positions or orders. | Source 20 |
| Borrowed holdings | Repay the funded amount, accrued charges and other obligations before released MTF surplus is available. Liquidation proceeds are applied against those amounts first. | Source 17 |
| Cross-border timing | The US service quotes three to five business days for transfers, separately from T+1 securities settlement. Domestic payment timings do not apply to that remittance. | Source 27Source 31Source 36 |
Protection & regulation
Sections ↑The domestic broker and the IFSC/foreign investing route must be assessed separately. The named SEBI entry establishes Upstox Securities Private Limited’s stock-broker registration; it does not validate each marketed service, guarantee client returns or establish that all losses qualify for compensation.[3][37][32]
Protections & eligibility27
Protection and recourse by relationship
| Relationship | What is established | Limit |
|---|---|---|
| Domestic exchange securities | Official SEBI entry: INZ000315837, valid from 1 December 2023 with perpetual validity shown | The authority’s page displays data as of 9 October 2026; checked on 11 OctoberSource 3 |
| NSE default/expulsion claims | Eligible admitted claims can draw on the Investor Protection Fund, up to ₹35 lakh per investor per defaulting/expelled member | Published higher cap applies to members defaulted/expelled after 13 August 2024; admission rules applySource 37 |
| Financed delivery / MTF | Contractual margin calls, pledged collateral and liquidation provisions | The agreement expressly excludes IPF for losses connected with the MTF facilitySource 17 |
| US securities account | Account-opening materials name Alpaca Securities LLC as US broker | Foreign-account terms and applicable member-custody rules govern; the Indian trading registration is not the US licenceSource 29Source 32 |
| Distributed deposits, loans or insurance | The product issuer, lender or insurer has its own contract | Do not transfer the securities-account protection description to every product sold through the appSource 39Source 41Source 42 |
Protections & eligibility28
Foreign custody, risk and recourse
| Scope | Protection boundary |
|---|---|
| SIPC | Eligible missing customer assets at a failed member: up to $500,000 including $250,000 cash; market losses excluded.Source 35 |
| Global Access disclaimer | The service excludes IFSC exchange investor protection and exchange dispute-resolution benefits for this foreign-investment activity.Source 27 |
| Other foreign risks | Foreign laws, custody, currency conversion, settlement and systems can affect access and recovery. Indian domestic-account protections cannot simply be carried across.Source 32 |
The facts29
Keeping a complaint tied to the correct account
| Measure | Value | Context |
|---|---|---|
| Start with the intermediary | Retain the order ID, contract note, cash/securities ledger and service-ticket reference, and raise the issue through the relevant domestic or Global Access channel. | Source 33Source 27 |
| Domestic escalation | If unresolved, the published route includes the applicable exchange or depository, SEBI SCORES and Smart ODR. The Upstox escalation matrix can be used after five working days without resolution. | Source 33Source 38 |
| Foreign route | The US disclosure states that IFSC exchange investor-protection and exchange dispute-resolution facilities do not extend to Global Markets investments through this service. | Source 27 |
Opening an account & support
Sections ↑Account comparison30
Opening the domestic account
| Component | Published requirement or distinction |
|---|---|
| Trading and demat | A combined opening process; connect a verified bank account and complete KYC and electronic signatures.Source 2 |
| Identification | PAN and Aadhaar with linked mobile number support digital identity/address checks.Source 2 |
| Derivative permissions | Income evidence is required to activate F&O and commodities; opening a demat account alone does not activate them.Source 2 |
| Special account ownership | HUF and minor-account services have separate application paths. Do not use a resident individual quotation as their complete eligibility specification.Source 1 |
| Account currency | Domestic securities obligations are in INR; the US wallet is a separate USD balance.Source 31 |
Domestic support and complaint channels
Customer supportTelephone
+91 22 4179 2999Source 33
Scope Domestic account and service enquiries
Hours Trading days, 08:00–17:00 IST
Alternative support lineTelephone
+91 22 6904 2299Source 33
Scope Alternative published domestic support number
Hours Trading days, 08:00–17:00 IST
Customer-service emailEmail
Securities-account complaintsEmail
Commodity complaintsEmail
Domestic complianceEmail
The contact page also lists +91 22 7130 9999. A 24/7 chatbot is separate from staffed trading-day hours. The published 48-hour email response indication is not an independently measured service result.
Reference table31
Application and service boundaries
| Issue | What to establish |
|---|---|
| F&O or commodity activation | Submit the required income evidence and confirm segment permissions; trading/demat approval alone is insufficientSource 2 |
| Minor or HUF ownership | Use the separately listed service route and its required guardian/entity documentationSource 1 |
| NRI residency | Use the dedicated NRI process. The published resident-to-NRI procedure requires closing and reopening rather than changing a standard Basic quotationSource 14 |
| US activation | Authorise the separate partner-account opening and required identity/tax-information sharing; agree to the Global Access termsSource 29 |
| Status and escalation | Keep the acknowledgement and ticket number; the chatbot supports status tracking and the contact page gives the escalation matrixSource 33 |
Additional services
Sections ↑NRI accounts and bank routes
Account comparison32
Published NRI routes
| Route | Bank and product scope | Opening detail |
|---|---|---|
| Current location coverage | NRIs in the UAE or India. | Do not infer worldwide onboarding from the NRI label.Source 14 |
| NRE / PIS | HDFC Bank or Axis Bank; equity delivery. | Designated banking and PIS processing apply.Source 14 |
| NRO / non-PIS | Any Indian bank; F&O access available. | NRI commodity and currency trading are excluded.Source 14 |
| Onboarding | Opening and first-year AMC advertised free; DDPI ₹100 plus GST. | UAE documentation can require notarisation and courier; resident-to-NRI change requires closing and reopening.Source 14 |
The NRI cards show NRE “0.5% or ₹200”, NRO “0.5% or ₹50” and F&O ₹50, without defining the percentage/rupee comparison as a minimum or maximum. A generic FAQ on the same page instead quotes zero delivery and ₹20-based trading. Obtain a written NRI tariff; neither incomplete card is treated here as a verified all-in rate.[14]
The NRI page’s no-courier headline is qualified by UAE onboarding steps that require notarised or attested documents and courier. Its NRI help offering must also be distinguished from the general domestic telephone timetable. Confirm the location-specific paperwork, assigned bank route and written tariff before relying on an online headline.[14][33]
US investing through the IFSC route
Account comparison33
US account structure
| Component | Published arrangement |
|---|---|
| Eligibility | Indian residents under LRS, with separate non-resident/foreign-client eligibility subject to FEMA, KYC and other requirements.Source 28 |
| US broker | An account is opened with Alpaca Securities LLC using authorised sharing of identity, occupation and tax information.Source 29 |
| IFSC branch | Upstox discloses broker-dealer CMI2026BDK1028 and Global Access registration IFSCA/GAP/BD/2026-27/17. These remain company claims here; no named authority entry was independently established.Source 27 |
| Product scope | US shares and ETFs, including eligible fractional purchases.Source 27 |
Pricing & charges34
US brokerage and additional charges
| Component | Published amount or basis |
|---|---|
| Execution | Lower of 0.25% order value and $25; minimum brokerage rounded to $0.01.Source 30 |
| Tax on brokerage | 18% IGST.Source 30 |
| IFSCA turnover fee | 0.005% of trade value.Source 30 |
| CAT | $0.000002/share in the published illustration.Source 30 |
| US regulatory costs | SEC/FINRA charges on sells; estimates shown in the order summary.Source 30 |
| Low-priced / OTC securities | Alpaca may impose an extra fee, including for specified securities below $1.Source 30 |
The facts35
US service entry and ongoing costs
| Measure | Value | Context |
|---|---|---|
| Account and maintenance | The current landing page quotes US$0 account opening and AMC. It also quotes US$0 platform deposit and withdrawal fees; currency conversion and bank/intermediary costs remain separate. | Source 27 |
| Purchase versus deposit minimum | Eligible fractional investments start at US$1, while the pricing panel states a US$100 deposit minimum. A one-dollar share purchase does not mean a one-dollar remittance minimum. | Source 27 |
| Currency and remittance limits | The resident route uses the RBI Liberalised Remittance Scheme. Available limits and tax collection are affected by the individual’s other overseas remittances; an account-opening approval does not allocate an extra allowance. | Source 27 |
| Holding type | The service offers US-listed stocks and ETFs, including eligible fractions. Its published Global Access description excludes crypto assets and certain restricted derivative products. | Source 27 |
Account comparison36
Funding and withdrawing the US wallet
| Step | Published workflow | What to distinguish |
|---|---|---|
| Deposit | Registered Indian bank; INR converted to USD. Supported integrations list HDFC, ICICI, Axis, IDFC and Kotak. | Bank checks and remittance routing precede wallet credit.Source 31 |
| Transfer timeline | Typically 3–5 business days, subject to bank and regulatory processing. | A payment initiated status is not spendable US buying power.Source 31 |
| Trading balance | Buying power starts when the US broker receives the funds. | International remittance is separate from domestic trading cash.Source 27 |
| Withdrawal | After settlement, return to the own-bank route; the service quotes 3–5 business days. | Bank/FX and correspondent costs may apply.Source 27 |
| US settlement | Most covered securities settle T+1. | Bank remittance can take longer than securities settlement.Source 36 |
Separate Global Investing support
US-service supportEmail
Global Investing telephoneTelephone
+91 22 7130 9988Source 27
Scope Separate US/Global service desk
Hours 08:00–17:00, as published; contact page does not separately specify service days
GIFT operations complianceEmail
Alternative Global Investing numbers: +91 22 6904 2288 and +91 22 4179 2988. These are separate from the general domestic service numbers.
Savings, pension, lending and insurance
Reference table37
Other services: identify the actual product provider
| Service | Published offer | Material boundary |
|---|---|---|
| Fixed deposits | Bank and NBFC issuer choices, tenors and payout terms | Review the named issuer, early-exit conditions and applicable protection; do not read every distributed FD as the same protected bank depositSource 39 |
| NPS | Digital pension application, fund-manager/asset-allocation selection and an advertised ₹500 entry contribution | NPS is market linked. Broker service charges, pension expenses, access and withdrawal rules are separate from stock dealingSource 40Source 4 |
| Personal loans | Upstox Loans facilitates applications as a Loan Service Provider; the page identifies InCred Financial Services Ltd as a lending partner | The lender approves and disburses. Review the Key Facts Statement, sanction letter and loan agreement; an advertised starting rate is not an individual APR offerSource 41 |
| Insurance | Term, health, motor and corporate insurance service routes | Policy wording, insurer underwriting, premium and exclusions govern cover; buying a policy does not insure the brokerage portfolioSource 42 |
Company background & evidence
Sections ↑The facts38
Operating-company context
| Measure | Value | Context |
|---|---|---|
| Domestic operator | Upstox Securities Private Limited is described as a wholly owned subsidiary of RKSV Securities India Private Limited. The named stock-broker authority entry is checked separately from the corporate description. | Source 33Source 3 |
| Office locations | The published registered office is at New Delhi House, Barakhamba Road, New Delhi. The correspondence/corporate location is Sunshine Tower, Senapati Bapat Marg, Dadar, Mumbai. | Source 33 |
| History versus current entity | The group history and product brand predate the current named stock-broker registration. The SEBI entry’s 1 December 2023 validity start is not presented as the group’s founding date. | Source 43Source 3 |
| Related and additional registrations | The contact page also lists RKSV Commodities and additional Upstox research, advisory and depository references. Their appearance in a group directory does not establish that each service is the contracting entity for this account. | Source 33 |
Reference table39
Evidence status and important public inconsistencies
| Topic | Treatment in this profile |
|---|---|
| Domestic stock-broker registration | Named SEBI record independently checked; authority data date 9 October 2026 retainedSource 3 |
| IFSC branch and Global Access references | CMI2026BDK1028 and IFSCA/GAP/BD/2026-27/17 are current company-published claims; an independently matched authority entry was not establishedSource 27 |
| MTF limits | Current 5×/₹15 crore headline conflicts with retained 25%/₹5 crore FAQ and 4× general-tariff copy; actual assigned limits remain necessarySource 15Source 4 |
| NRI brokerage | Dedicated NRE/NRO cards lack a clear min/max convention and conflict with a generic FAQ; no unconditional verified tariff is inferredSource 14 |
| Basic/Plus implementation | Specific contractual switch restrictions and next-day pricing rules take precedence over simplified promotional wordingSource 7Source 8 |
| What was tested | Public primary-source content was reviewed; no real brokerage account, transaction, withdrawal, response speed or execution quality was testedSource 21Source 33 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Upstox Securities Private Limited
IndiaSource 3
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Securities and Exchange Board of IndiaINZ000315837 | Registered | Checked 11 Oct 2026Named SEBI stock-broker entry shows validity from 1 December 2023 to perpetual; authority data as of 9 October 2026. Checked 11 October 2026.Source 3 |
Upstox Securities Private Limited (IFSC Branch)
India — GIFT City IFSCSource 27
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| International Financial Services Centres AuthorityCMI2026BDK1028 | Not verified | Checked 11 Oct 2026Company-published reference rechecked on 11 October 2026. No independently matched named authority entry was established; status remains not_verified.Source 27 |
| International Financial Services Centres AuthorityIFSCA/GAP/BD/2026-27/17 | Not verified | Checked 11 Oct 2026Company-published reference rechecked on 11 October 2026. No independently matched named authority entry was established; status remains not_verified.Source 27 |
Additional Information
Sections ↑Partnerships and professional enquiries
Reference table40
Published professional-service routes
| Route | Purpose | Boundary |
|---|---|---|
| Authorised Person programme | Separate exchange-segment registration, client-service tools and a brokerage-sharing arrangement | Eligibility, onboarding costs and maintenance terms apply; published earning illustrations are not guaranteed incomeSource 44 |
| Careers | Official recruitment portal for current opportunities | Use the published vacancy and application process; availability can changeSource 45 |
| Operational notices | Exchange/product notices, physical settlement, restrictions and service changes | Check the actual instrument and expiry; an old notice is not a standing instructionSource 46 |
Official reference directory
Partner programmeWebsite
https://upstox.com/become-sub-broker/Source 44
Scope Authorised Person eligibility and application information
CareersWebsite
Operational announcementsWebsite
API documentationWebsite
https://upstox.com/developer/api-documentation/Source 21
Scope Current endpoint specifications and limits
The directory provides official destinations for further checks; it does not imply a partnership, contact attempt or service endorsement.
Sources & further reading
- Products and service routes Upstox · Accessed 11 Oct 2026
- Resident account opening Upstox · Accessed 11 Oct 2026
- Named SEBI equity-broker entry SEBI · Accessed 11 Oct 2026
- Brokerage and ancillary tariff Upstox · Accessed 11 Oct 2026
- BSDA eligibility and maintenance Upstox · Accessed 11 Oct 2026
- Basic and Plus comparison Upstox · Accessed 11 Oct 2026
- Plus contractual conditions Upstox · Accessed 11 Oct 2026
- Plan-switch pricing timeline Upstox · Accessed 11 Oct 2026
- Opening-page brokerage offer Upstox · Accessed 11 Oct 2026
- Direct mutual-fund service Upstox · Accessed 11 Oct 2026
- AutoSIP and bank mandates Upstox · Accessed 11 Oct 2026
- Changing an active fund SIP Upstox · Accessed 11 Oct 2026
- Official app product description Upstox · Accessed 11 Oct 2026
- NRI account scope and quotations Upstox · Accessed 11 Oct 2026
- Current MTF product and limits Upstox · Accessed 11 Oct 2026
- MTF funding and service charges Upstox · Accessed 11 Oct 2026
- MTF agreement and risk provisions Upstox · Accessed 11 Oct 2026
- Automatic MTF pledging update Upstox · Accessed 11 Oct 2026
- Withdrawal modes and request rules Upstox · Accessed 11 Oct 2026
- Instant withdrawal eligibility Upstox · Accessed 11 Oct 2026
- Trading and data API service Upstox · Accessed 11 Oct 2026
- Static-IP controls for API trading Upstox · Accessed 11 Oct 2026
- Current API rate limits Upstox · Accessed 11 Oct 2026
- GTT validity and cancellation Upstox · Accessed 11 Oct 2026
- GTT charging basis Upstox · Accessed 11 Oct 2026
- September 2026 physical-settlement notice Upstox · Accessed 11 Oct 2026
- US stocks service and IFSC disclosure Upstox · Accessed 11 Oct 2026
- US account eligibility Upstox · Accessed 11 Oct 2026
- US account opening and partner Upstox · Accessed 11 Oct 2026
- US order charges Upstox · Accessed 11 Oct 2026
- US wallet funding process Upstox · Accessed 11 Oct 2026
- Global Access risk disclosure Upstox · Accessed 11 Oct 2026
- Customer and complaint contacts Upstox · Accessed 11 Oct 2026
- Current closing-auction market schedule NSE · Accessed 11 Oct 2026
- SIPC protection limits SIPC · Accessed 11 Oct 2026
- US settlement bulletin Investor.gov · Accessed 11 Oct 2026
- Investor Protection Fund NSE · Accessed 11 Oct 2026
- SCORES complaint process SEBI · Accessed 11 Oct 2026
- Fixed-deposit distribution and issuer choices Upstox · Accessed 11 Oct 2026
- NPS application and investment service Upstox · Accessed 11 Oct 2026
- Upstox Loans and the separate lending partner Upstox · Accessed 11 Oct 2026
- Insurance product distribution Upstox · Accessed 11 Oct 2026
- Company history and business description Upstox · Accessed 11 Oct 2026
- Authorised Person partnership programme Upstox · Accessed 11 Oct 2026
- Official careers and recruitment route Upstox · Accessed 11 Oct 2026
- Current operating and contract announcements Upstox · Accessed 11 Oct 2026
- Closing-auction guide and Upstox intraday square-off times Upstox · 3 Aug 2026 · Accessed 11 Oct 2026
- CRUDEOIL and CRUDEOILMINI October 2026 options-expiry notice Upstox · 6 Oct 2026 · Accessed 11 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.