Comment supprimer mon compte Upstox ? (2024)

FAQs

Why Upstox is not closing my account? ›

For closures to be accepted over email below are the criterias which need to be met. 1) NIL holdings. If there are holdings clients can sell those or transfer the same. 2) NO negative balance.

Prime Legal. Yes, Upstox can certainly be used outside of India! Upstox offers a powerful, secure, and convenient trading platform for traders all over the world, allowing them to access the Indian stock markets as well as international markets.

In case you do not trade for six months or more, then, your trading account status turns dormant. To reactivate the same you need to send us the reactivation request form along with the latest bank statements of the last six months. Bank statements need to be self attested.

First and foremost, an inactive demat account can lead to a loss in the value of your investments. This is because any changes or updates in the market won't be reflected in your account due to its inactivity. Secondly, it can also attract charges from your depository participant (DP) for not making any transactions.

Upstox Account Closure Charges

You can close your Upstox account for absolutely free! Yes, you heard it right. The firm does not charge any fee for closing your Demat/Trading account. Just make sure to clear your dues and transfer all existing securities from your Upstox Demat account.

The short answer is yes. NRIs can hold Demat accounts in India. To elaborate further, SEBI regulations dictate that for NRIs as well, it's mandatory to hold Demat accounts to trade in the stock markets. So, with regards to India, non-residents can also open Demat accounts to trade in the financial markets.

Once you have opened the account, you can search for US-based ETFs that align with your investment goals and risk appetite. You can buy and sell ETFs just like individual stocks, and the transaction charges are usually lower than those of mutual funds.

Upstox global trading also offers zero commission investing on trading in US markets. 3. Wide range of investments to choose from- Upstox global investments trading platform provides various choices at the customer's disposal.

If Upstox shuts down, your shares will be safe. Your shares are held in a demat account, which is maintained by a depository participant (DP). Upstox is just a broker that provides you access to the stock market. If Upstox shuts down, your DP will still be able to access your shares.

A regulatory freeze of your demat account may occur for a variety of reasons. For example, your account may have remained idle for over 3 years and there may not have been any transactions. In such cases, under existing SEBI regulations, the DP will freeze your demat account.

What is penalty in Upstox? ›

Upstox account can be closed online through the Upstox mobile app or the web portal by submitting an Account Closure request. It takes 7 days for Upstox to close your account post the account closure request is submitted.

DO THE SAME PROCEDURE OF CLOSING THE ACCOUNT THAT I HAVE TO DISCUSS FIRST. CLICK ON CLOSE MY ACCOUNT AND IF YOU ARE GETTING THE SCREEN LIKE THIS AND YOU ARE NOT ABLE TO SELECT ANY REASON. IT MEANS THAT YOUR ACCOUNT HAS BEEN CLOSED.

Once the registrar of the company is satisfied and issues fresh physical certificates to you, the demat account is automatically closed. Lastly, you can close accounts as part of your account consolidation exercise.