Hello friends, today through this article we are going to tell you. What is Upstox, and how to create an account on it? Why do we use Upstox? What are the benefits of using it? Who created the Upstox app and or when? Today we will tell you all this in detail through this article. If you want to know about Upstox. So stay connected with us on this article
If you invest in the share market or mutual funds. So you guys would know what is Upstox. This is a very famous trading app. Through this, you can invest your money in the market. If you want to buy shares, you can buy shares and invest in mutual funds. You can also apply for the IPO of any company. Through this, you can easily earn good profit by investing your money.
Upstox App Review
|App Name Upstox||Demat, Stocks & IPOs|
|Category||Stock Trading, Mutual Funds|
|Play Store Rating||4.6/5 Star|
|Total downloads||more than 10 million|
|Download Link||Upstox in Play Store|
What is Upstox App?
Upstox App is a mobile application through which you can invest money in Share Market, Mutual Funds, and Commodities. If you are interested in the stock market, then you can easily buy and sell shares of any company through the Upstox App. In today’s time, Upstox App is a popular application used for trading in the stock market in India.
Upstox is a discount broker in India that allows investors to open a Demat Account at a very low cost, apart from this, Upstox also provides stock market advice to investors and institutions.
Upstox was established in 2009 and the owners of this company are Raghu Kumar and Ravi Kumar. Mr. Ratan Tata, one of the biggest businessmen in India, had invested in Upstox.
If we talk about the Play Store, Upstox App has been downloaded by more than 1 crore people and its rating on the Play Store is 4.6 stars, which has been rated by more than 5 lakh people, from this you can guess that Upstox App is a reliable application.
How to Open Demat Account on Upstox App
With the help of the Upstox App, you have to open a Demat Account for trading in the stock market and earning money. It is very easy for a smartphone user to open a Demat Account. If you also want to open a demat account on Upstox App, then you have to follow the following steps-
1- First of all, download the Upstox App from the link given below and install it on your device. And after opening the App, click on Create a New Account.
2- After this, you have to enter your mobile and email ID and click on Send OTP option. Now an OTP will come on the mobile number you have entered, enter the OTP, and register in the Upstox App.
#3- After getting the mobile number and email address verified, you have to enter your PAN card number and your date of birth and click on Continue.
4- In this step, you have to fill in your personal details (like- Your Gender, Marital Status, Annual Income, Trading Experience, and Your Occupation). Fill in this information and accept the Terms and Conditions.
Also, Read This: What is Google Search Console and Its Features?
5 – After this, you have to confirm your address in the new window. Now three options will appear on the screen in front of you (Equity, future, and Option and commodity), you have to click on the option of Equity.
6 – Now you have to fill in the details of your bank account and click on the option of Next.
7 – After this, you have to upload your photo by signing on a white paper.
8- In the next step you have to upload your selfie.
9- Now you have to get your email ID verified.
10 – At last you have to click on the option of connecting your Digi locker with upstox and enter your Aadhaar card number. After this, an OTP will come in the registered mobile number from your Aadhaar card, you can verify it by entering the OTP.
Now the process of your account opening is complete, in 01 or 02 days your User Name and Password will come to your email ID through which you can log in to Upstox App.
Documents to open Demat Account on Upstox
You need the following documents to open a Demat Account on the Upstox App-
- PAN card
- Aadhar card
- Bank statement (last 01 year)
- A selfie
Who is the Owner of Upstox?
Who is the founder of upstox, let us know its co-founder Mr. Ravi Kumar, Mr. Srini Vishwanath, and Kavita Subramanian, its co-founder is developed by RKSV Securities pvt ltd, and its head office is in Mumbai. Ravi Kumar and Raghu Kumar did it in the year 2009.
In today’s time, crores of users trade using this app and generate good revenue, that’s why many people have faith in it.
Is Upstox Safe?
This is a very unique question, everyone wants to know what is Upstox App and whether it is safe or not, otherwise I will tell you that it has more than 10 million users on the Play Store, out of which more than 2 million people have rated it, hence 4.4. It is a Rating app, it builds trust.
The most trusted thing is that Ratan Tata and Tiger Global, who are included in the list of India’s rich, have invested in this platform, it is clear that this is a very trusted application, so you can also use it without fear.
Also, Read This: What is SEO? Type and Key Factors of SEO
How to Add Money on Upstox App
To buy shares on Upstox, you have to add money to it first. You can add money on Upstox App through Google Pay, UPI, Net Banking, and NEFT / RTGS / IMPS.
On adding money through net banking, you have to pay Rs 07 per transaction, while through UPI and Google Pay, you can add money without any extra charges. To add money through UPI, you have to follow the following steps-
- First of all, you have to click on the option of Funds.
- After this, you have to click on the option of Add Fund.
- Now you will get the option of UPI here, you have to click on it and enter your UPI ID and click on the option of Continue.
- Now your UPI App like PhonePe, Google Pay, etc., whose UPI ID you have given, a Payment request will come on that, and you have to complete the payment process.
- After completing the payment process, the money will be added to your Upstox Account.
How to Buy and Sell Shares from Upstox App
First of all, you have to make your watch list on Upstox App, in which you have to add your favorite companies’ shares. Now if you want to buy any share, then you can directly buy the share by clicking on the Buy option. Similarly, if you want to sell the purchased share, then you can sell the share by clicking on the Sell option.
The interface of Upstox is user-friendly so you will not face any problems in selling and buying shares here.
How to Earn Money from Upstox App
After reading the article till now, you must have understood what is Upstox App, now let’s also look at the ways to earn money from Upstox. Following are some popular ways to earn money on Upstox App.
1- Earn money by buying or selling shares
If you are interested in share market and you have good knowledge of share then you can earn good money by buying and selling share on Upstox App. Before buying the shares of any company, you have to collect all the information about that company, and only then invest in any share. If you invest in the shares of a good company then you can get good returns.
2- Earn Money by Investing in Mutual Funds
If you do not have good knowledge of the share market but want to get a return by investing money in the share market then the best option is Mutual Funds. Here you can invest in mutual funds through SIP or Lumpsum. In Mutual Funds, your money is invested by the experts of the stock market, so that you get good returns.
3- By Investing in an IPO
When a company brings its shares into the stock market for the first time before the IPO of that share opens. In which you have to buy shares according to the lot. Hub is also about to come to IPO of a company, then you can collect information about that company. If you think that the stock of the company will increase, then you can invest in the IPO of that company.
4- From Refer And Earn Program
If you want to earn money from Upstox without any investment, then the option of Refer and Earn is best for you. If you share Upstox App with any of your friends or relatives, then you can earn up to Rs.1000 for each Successful Refer here.
When your friend opens a Demat account in Upstox with the referral link sent by you, then you also get its commission, and also when your friend buys shares from Upstox for the first time, Upstox gives you some percentage of that commission. In this way, you can earn money through the refer and earn program of the Upstox App.
How to Withdraw Money from Upstox App
When you earn profit by buying shares, you can transfer money from Upstox directly to your bank account. To withdraw money from Upstox App, you have to follow the following steps-
- First of all, you have to click on the option of Fund.
- After this you have to click on the option of Withdraw Funds.
- Now enter the amount you want to withdraw and click on Withdraw option.
- Now the Withdraw amount will come in your registered bank account within 02 days.
How to Contact Upstox App
If you face any kind of problem on the Upstox App then you can contact the Upstox App team in the following ways-
- Email Id- firstname.lastname@example.org
- Customer Care Number- +91-2261309999 / +91 -2226544100.
Friends, I hope that by reading this article of ours, you must have got complete information about Upstox. If you want to know more about Upstox. So I can ask by commenting in the comment section. Stay connected with us to read such informative articles. If you have got the right information by reading our article. So don’t forget to share our article with your friends. Thank you very much for reading our article