Now that you look interested in Upstox Demat account charges, one thing is to confirm that you are certainly planning to start your trading journey with this discount broker. Don’t worry! In this article, you’ll learn about all the Demat account charges such as-
First is your account opening charges that need to be paid for the Demat account integrated with your trading account along with an Indusind savings bank account. In the case of Upstox for any trading segment be it equity, commodity, currency or derivatives, you will need to pay ₹249 in general.
Do note that these charges vary according to different categories of traders that you must know, mentioned in the table below:
Demat Account Opening Charges for Individual Accounts
AMC charges are the Account Maintenance Charges that are imposed to keep your Demat account active.
This fee can be paid annually, quarterly, or even monthly, depending upon the stockbroker. Well, in the case of Upstox you pay a monthly fee of ₹25+GST as your AMC in the general category. Which sums up to ₹300+GST per annum.
Upstox AMC Charges
Account Maintenance Charges
₹25+GST per month
So as compared to other discount brokers and full-service stockbrokers, Upstox AMC charges are minimal.
Opening a Demat account with Upstox can thus prove to be fruitful as the broker has decent services and the advanced Upstox Pro Web 3.0 that offers you better experience and trade benefits.
Certainly not to miss, owned by RKSV Securities, Upstox is supported by none other than Mr. Ratan Tata himself. So you can definitely see the influence in terms of active clients.
As compared to other new discount brokers in the market, Upstox has gained much preference because of its trouble-free trading platform along with the algo trading facilities, not just that, with technology it has evolved as an affordable and reliable stockbroker in terms of margin facilities and the brokerage.
Further talking about the future, there is a huge potential in Upstox to compete with toppers in the market like Zerodha in terms of advanced facilities and technologies with the support of renowned investors, there is going to be steep growth in its sustainability factor.
You can get a better idea of both the discount brokers with the Upstox vs Zerodha review.
Finally, we have seen all Demat account charges in Upstox, and definitely, this will be a good choice for anyone who is just entering the stock market world.
Till then Happy investing you guys!
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