Upstox Coupon Code
If you’re getting into stock market investing in India, Upstox is one of the best discount brokers to start with. Free account opening, flat Rs. 20 per trade brokerage, and a clean, easy-to-use app.
I’ve put together the latest Upstox coupon codes and referral benefits that’ll help you save on account opening and get brokerage credits when you sign up.
Upstox Coupon Code Benefits for 2026
By using the Upstox referral link below, you get:
- Free account opening (normally Rs. 199)
- Free brokerage credit of Rs. 500 for 30 days
- Zero brokerage on equity delivery trades
Upstox Account Charges
| Fee Type | Amount |
|---|---|
| Account Opening | Free (with referral link) |
| Demat Annual Maintenance | Rs. 25/month |
| Equity Delivery Brokerage | Zero |
| Intraday/F&O Brokerage | Rs. 20 per order |
| Mutual Funds | Zero commission |
| IPO Applications | Zero commission |
Upstox’s flat Rs. 20 brokerage applies even on large trade volumes. That’s a massive saving compared to traditional brokers who charge percentage-based fees. For casual investors, the zero brokerage on equity delivery and mutual funds makes Upstox one of the cheapest options in India.
Why I Recommend Upstox
Upstox has grown to over 1 crore (10 million) users, making it one of India’s largest brokers. The app is well-designed, works smoothly on both Android and iOS, and gives you access to stocks, futures, options, mutual funds, digital gold, and IPOs from one platform.
The charting tools are solid, with 100+ technical indicators. The mobile app is fast enough for intraday trading, and the web platform handles analysis well. It’s not as feature-rich as Zerodha’s Kite, but it covers what most traders need.
How to Open an Upstox Account
The entire process is online and paperless. You’ll need:
- PAN card
- Aadhaar card (linked to your mobile number for OTP verification)
- Bank account details (IFSC code and account number)
- Passport-size photo
- Signature on a blank white paper
Here’s the step-by-step process:
- Visit the Upstox account opening page (referral link applied)
- Enter your mobile number and verify with OTP
- Fill in your PAN number and date of birth
- Add personal details (income, trading experience, marital status)
- Choose your trading segments (Equity, F&O, Currency, or Commodity)
- Add your bank account details
- Verify with Aadhaar OTP
- Upload KYC documents (photo, signature, PAN, Aadhaar)
Your account gets activated within 24-48 hours. You’ll receive your login credentials via email.
Benefits of an Upstox Demat Account
- 100+ charting indicators and studies
- Real-time market data and price alerts
- Zero brokerage on equity delivery and mutual funds
- Flat Rs. 20 brokerage on intraday, F&O, and commodity trades
- SIP and lump-sum mutual fund investing
- Direct IPO applications
- Digital gold buying and selling
Frequently Asked Questions
What is the Upstox coupon code?
Upstox doesn’t use traditional coupon codes. Instead, benefits like free account opening and Rs. 500 brokerage credit are applied automatically when you sign up through a referral link.
Is Upstox account opening really free?
Yes. When you use the referral link, the account opening fee (normally Rs. 199) is waived. You’ll only pay the annual maintenance charge of Rs. 25/month from the second year onwards.
How much brokerage does Upstox charge?
Equity delivery trades are free. For intraday, F&O, and commodity trades, Upstox charges a flat Rs. 20 per order regardless of the trade size. Mutual fund and IPO investments have zero commission.
Is Upstox safe to use?
Yes. Upstox is registered with SEBI, NSE, BSE, and CDSL. Your funds and securities are protected under standard Indian brokerage regulations. All transactions are encrypted.
Can I use Upstox for mutual fund SIP?
Yes. Upstox offers zero-commission mutual fund investing, including SIP (Systematic Investment Plan). You can invest in direct mutual fund plans through the Upstox app.
Upstox is a solid choice for Indian investors looking for low-cost trading and investing. Use the referral link above to get free account opening and Rs. 500 in brokerage credits to start your investing journey.
Disclaimer: This site is reader‑supported. If you buy through some links, I may earn a small commission at no extra cost to you. I only recommend tools I trust and would use myself. Your support helps keep gauravtiwari.org free and focused on real-world advice. Thanks. — Gaurav Tiwari