If you are planning to open a Demat account, invest in stocks, IPOs, Commodities, and looking for a trusted broker then Upstox will be a good choice. Upstox is one of the fastest-growing investing platforms in India, with over 50 lakh users. With their Refer and Earn program you can open an account freely and invite your friends through the referral code and can earn up to 1200 rs.
Table of Contents
What is Upstox
![upstox home banner](https://indiaforwards.com/wp-content/uploads/2021/10/upstox_banner-1024x637.png)
Upstox is a SEBI registered leading discount stock broker in INDIA with their investing platform you can buy any Indian company stocks, apply for IPO’s, derivatives, trade-in commodities, and invest in 2000+ Mutual Fund schemes. Upstox was Incorporated in 2009, RKSV is a Mumbai, India founded by Ravi Kumar and Shrini Viswanath.
Upstox Benifits
- ₹20 or 2.5% brokerage charges whichever is lower if you BUY/SELL stocks on Delivery based (Holding stock for more than 1 day). You can refer brokerage Calculator.
- Pay just up to ₹20 per order for Future and Options trading.
- 100+ charts with 250+ indicators freely available on the Upstox dashboard.
- Apply for IPOs through UPI.
- Track your IPO application status.
- Free to use the trading software. Available as web and Mobile application.
Upstox Refer and Earn
In the year 2020, there were 10.4 million investor accounts created in INDIA. The stats say only 4 percent invest in stocks and it is gradually growing due to the adoption of the internet and online access. The Easy online account opening and mobile applications have helped millennials to invest in the stock market.
![upstox referral banner](https://indiaforwards.com/wp-content/uploads/2021/10/upstox_referral_banner-482x1024.jpg)
Click Here to Start Referring your Friends
With Upstox you can invest in stocks and earn up to 1200rs by referring your friends and contacts. Don’t miss this opportunity before its gone.
When you open an account you get a referral link and the same can be shared with your contacts. When your contact registers and if the account is successfully created you get 800rs and 400rs when your referral places a trade(Buy/Sell stock) .
Benifits of Referral Program for your friends
- A FREE Demat + Trading account
- ₹1000 brokerage credit to trade at ₹0 brokerage charges for the first 30 days.
- FREE access to all Upstox apps.
- FREE 100+ charts with 250+ indicators.
How to Open Upstox account Online
Opening a Demat Account with Upstox is very easy. Please keep your PAN card, Aadhar card, bank details and nominee details handy. While registering please use the mobile number linked with the Aadhar card.
- Click Upstox link.
- In the sign up page enter your mobile number linked with Aadhar card and click “Sign up with mobile number” button.
- A OTP will be sent to your mobile number. Enter the OTP and click “Continue” button.
- In the next screen enter a new 6-digit PIN and click “Continue” button. Confirm the 6 digit PIN and and click “Continue” button.
- In the Email verification screen enter your Email ID and click “Update” button.
- A OTP will be sent to your email address for verification. Check your email and enter the OTP sent by UPSTOX and click “Continue”.
- In the PAN details screen. Enter your Valid PAN card number and Date of Birth and click “Next” button.
- In the Personal details screen enter your pesonal details and follow the steps.
- Once confirmed you will see the “Digital Signature” screen. Please sign within the white box window. Please note the Digital signature must match the one on your PAN Card or Bank account. Click “Continue”.
- On the next screen it will request camera access to complete the application. Allow upstox to use your camera and click “Capture” button.
- Camera will be active and make sure the face is clearly visible and click “Capture” button. If the captured image is not looking good you can always retake photo.
- Next enter your Bank details. Enter your Bank “Account holder name”, IFSC code, Bank Account number, Account type (Savings/ Current). Please confirm all the details before you click “Continue” button.
- In the Brokerage Plan select your desired Brokerage plan and click “YES” in the “Do you have your Mobile number linked with your Aadhar ” option. If you want to trade in Future and options and commodities then select that option. This will ask your BANK statement to be submit. Choose as per your requirement.
- In the Segment screen. If you want to trade in future & Options, Currency and Commodity then select “Yes, activate these segments” or else select “No, I will do it later”. Click “Continue” button.
- In the Nominee screen add your nominee details.
- In the e-Sign application screen click “e-sign with Aadhar OTP” and complete your KYC.
- When done, you have successfully completed your sign up and download the Application Document.
Please note, you have just completed the online process and the account activation will take 3-4 working days. You will receive your Upstox Login details to your email ID when approved.
Once the account is approved you can start inviting your friends and you can check your referral status.
How to Invite my Friend to Upstox using my Referral code
![upstox referral bonus status](https://indiaforwards.com/wp-content/uploads/2021/10/referral_money-2-687x1024.jpeg)
Steps to follow
- Download Upstox android or iOS.
- Complete sign up and login to mobile app.
- Tap on Profile icon.
- Click “Refer and Earn” option.
- Copy the Referral link and share it with your friends.
- You can check “Your Earnings and Referrals “.
How to Withdraw my Referral Amount
On Older Versions of Upstox app
- Login to old Upstox Pro App or Pro Web.
- Tap on Profile icon.
- Click “Refer and Earn” option.
- Click “Your Earnings and Referrals “. Here you can see your Referrals, Total Cash Earned, Amount withdrawn and Pending/ Withdrawable amount.
- Click “Take out” and enter the amount you want to withdraw.
- Your rewards amount will be credited to your linked bank account within 3 working days.
On New Versions of Upstox app
- Install new Upstox Pro App.
- Open Upstox and login to app.
- Tap Avatar/Name initial on the left top corner.
- Select the “Rewards” Tab.
- Click the “Withdraw” button.
- Select the withdrawal amount and click “Confirm Withdrawal” button.
- Your rewards amount will be credited to your linked bank account within 3 working days.
Frequently Asked Questions
1) I opened my account and it’s not activated yet?
It usually takes 3-4 working days to activate and if it is still showing as pending then please click https://upstox.com/contact-us/. Here you can chat with the support team.
2) How much do I earn from my referral
For each successful referral, you get 800 rs and if the referral starts trading then you get 400rs. You can earn up to 1200rs.
3) How to open the Upstox account
Click the Upstox link and follow the above steps.
4) I submitted the wrong account details and I want to update. How to contact the Upstox team?
You can contact https://upstox.com/contact-us/ and resolve your account details issues.
5) How to claim my referral reward amount?
Please follow the “How to Withdraw my Referral amount” section above to withdraw your referral amount.
6) How can I track my referral accounts list?
Please follow the “How to Withdraw my Referral amount” section above.
7) How many days will it take to see my withdrawal amount in my Bank?
It will take up to 3 working days from the date of withdrawal request.