Frequently Asked Question
01. How to open demat account with Upmove through Smc
Last Updated 8 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