Frequently Asked Question

01. How to open demat account with Upmove through Smc
Last Updated 10 months ago

You can open an individual Upmove account online if your mobile number is linked to Aadhaar. To create a trading and demat account, simply follow the on-screen instructions and complete the e-sign process. The following documents are required to open an online account

  • A self-attested copy of the PAN card, signed by the applicant.
  • A scanned copy of the applicant's signature. The signature must be made with a black or blue ballpoint or ink pen; markers or sketch pens are not allowed. (image size should not exceed 45kb)
  • Aadhaar number.
  • Bank proof in the client's name. Acceptable forms of bank proof include: A personalized cancelled cheque with the account holder’s name printed on it.
  • A copy of a bank statement or passbook showing the bank account number, bank logo, seal, MICR, and IFSC code clearly visible.
  • Income proof (if the client intends to trade in F&O). Acceptable income proof includes:
  • A bank statement in the name of the Upmove account holder, with the bank logo and seal, covering the last 6 months and showing an average balance of more than ₹10,000.
  • A recent salary slip showing a gross monthly income exceeding ₹15,000.
  • The latest Income Tax Return (ITR) acknowledgment with a gross annual income of more than ₹1,20,000.
  • The latest Form 16 with a gross annual income exceeding ₹1,20,000.
  • A certificate of net worth exceeding ₹10,00,000.
  • The most recent statement of demat holdings, with a current holdings value exceeding ₹10,000

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