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Upstox Account Opening Online - Upstox में Demat Account क्यों और कैसे बनाएँ? - YouTube
Channel: Asset Yogi
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Hello, my name is Mukul, and welcome to asset Yogi.
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Friends, we have done some videos before on Demat and trading accounts.
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If you want to trade or invest in shares, then first you have to open a Demat and Trading account.
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Demat and trading account is opened by a share broker.
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There are three types of sharebrokers.
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First, there are bank brokers
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Second, are a full-service broker
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And third are discount brokers
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Bank Brokers and Full-Service Brokers provide you more services,
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so their charges are also higher.
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Discount brokers are very inexpensive, there are zero charges for investing in the long term.
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And if you do day trading, Even if you trade in futures and options
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Even then the charges are less.
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So one such discount broker is Upstox.
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A lot of subscribers asked about upstox, how it is?
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how should we open an account in it
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In this video, we are going to talk about
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Why should we open an account in upstox
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And how to open, we will discuss the whole process today.
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So first of all let us discuss why we should open an account in upstox
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That's because the upstox application is highly rated.
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That is, its user rating is very high.
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So basically it means the people who trade there are happy with its service.
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App user interface is also very good
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The second reason is that the downtime of the server is very less.
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remains negligible in the upstox that's why maybe people are happy too.
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So if you are a day trader, then upstox might be good for you.
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And the third reason is low charges.
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The most important thing about discount brokers is that their charges are very low.
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So in upstox if you take delivery of equity.
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That is if you keep the share for more than 1 day So it charges you zero brokerage.
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And second intraday charges, future fund options
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if you trade in commodities and currencies then you have to pay Only 20 Rs per trade
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So here charges are very less.
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And if we talk about account opening, upstox keeps running free offers as well.
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Like currently, if you open your account in June your account will be created for free.
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And I will also show you how you can open an account
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Otherwise, the charges are very nominal.
Your Account is created in 450-500.
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So if look overall
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I talk for the long term, you have to open the account only once, it is a one-time charge.
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So 450- 500 is not a lot.
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The advantage of discount brokers is that you have to pay very few charges in the long term.
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And the fourth reason is the fast process, you can do all the processes online in upstox
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You can start trading in a single day.
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Because here you do not need a power of attorney.
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Power of attorney is mandatory with many stockbrokers.
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Which is not in upstox, If you want to give, you can give.
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But you can trade in upstox without giving a power of attorney.
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The code is sent to your mobile whenever you trade.
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Then you can execute the trade.
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These are the four reasons why you can open your account in UpStox
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We also quickly go through the step-by-step process.
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Stay tuned to this video.
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Music
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There are 2 main ways to open an account in UPSTOX
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The first is online and the second is offline.
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90% of the process is the same.
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You initiate the whole process online and fill in all the details online
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Documents are also uploaded online, But the final signing process.
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If your aadhar is linked with a mobile number then you can do it online also
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That is, your account is opened on the same day And you can start your trading too.
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But if your aadhar is not linked with a mobile number then don't worry
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In that case, you can download the form and print it
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And after signing you send it to the upstocks office.
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After sending it by courier your account is created.
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That also doesn't take much time, your account will be opened within three to four days.
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I will show you the complete process online.
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I will open an account for my wife. We will see the complete process.
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And because the free offer is going on now, there will be no charges.
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First of all, you need some documents
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The first is your PAN card, Second is Aadhar card, keep your Aadhar card ready
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You will have to enter your Aadhar card number, The second is address proof.
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Your Aadhaar or Passport, electricity bill, Latest 6 months bank statement.
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Latest Electricity Bill or Voter Card You can upload all these as address proof.
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Fourth you need bank proof,
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In bank proof, you can either give a 6 months bank statement.
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Or you can give a canceled check, Or you can give a passbook
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But keep in mind that the IFSC and MICR code
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should be visible on whatever bank proof you are giving.
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Generally, when we generate online bank statements
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There are no IFSC and MICR codes mentioned on it.
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So for that, you can call the customer care in your bank and get the email statement.
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In which IFSC and MICR codes are mentioned.
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Otherwise, IFSC and MICR code is mentioned in the canceled check
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So you can scan the copy and upload it.
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And the fifth document we need is income proof,
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This is just for when you want to trade in derivatives i.e. Future and Option
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If you want to trade in commodities, only then is it required.
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For income proof, You can give FORM 16 generated by your employer
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Or you can give your latest salary slip you can give your latest income tax return
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Or you can give your latest 6-month bank statement.
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The sixth proof we need is the specimen signature.
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Signature on plain paper and keep it scanned.
And you can upload it.
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Let's quickly see the process for opening your account
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For opening the account on upstox, go to the description of the video
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You'll find the account opening link there
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I'll give you this link in the comment section also
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You can open the account on desktop or mobile
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Both of them have the same process
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First of all, we will click on the link
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After that, you have to put your details here
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You can open a free Demat account, there is an offer going on
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I'll open an account for my wife
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We will see step by step process
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And we will see what problems we will face and where
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Once you have clicked on the link, after that you have to sign up
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You have to put your email id here, then create a password and then the mobile number
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One thing you have to remember is that your email id and mobile hasn't been used before
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Otherwise, it will not register
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If you've used an email id or mobile number on the upstox website before
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Then you must use some other email id and mobile number while registering
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I'll quickly enter this, then we will click on sign up
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Here you have to enter your details, first, we will enter pan
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We will enter the date of birth,
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In the next step, you have to enter the other details
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So we have selected the gender, we will put marital status
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I will do married here
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You have to put your annual income here, select the annual income
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You have to select your trading experience here, I am doing less than one year here
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After that, we will scroll down
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If you are involved in politics then only select yes here
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Otherwise, select no in normal case
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Select occupation here,
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Here you have to put your father's or spouse's name
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We will click on next
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See here you have to select your trading preferences
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I am selecting both equity and commodity
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Because we are opening an account for only one time that's why I am selecting both
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Because we have to do the same procedure once again
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After that, you have to select a plan
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If you select 30 Rs per trade, then you will get more leverage here
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Now I am selecting basic planning, here it is 20 Rs per trade
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The marginal leverage that you'll get is 20 times
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And in priority, you will get 25 times
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That's the difference, you can select whatever you like
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After that, you'll click on next
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After that, it is saying that claim your free surprise stock now
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We will click on yes, we'll move forward
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After that, we have to enter our bank details, we'll enter the IFSC code here
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After that, we'll enter the bank account number
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We will enter the bank account number again
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Account type is savings after that we have to upload here
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Here you have to enter the bank proof
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See as I have told you earlier, bank statement or canceled cheque
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In this IFSC code and with that MICR code should be mentioned clearly
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Here I have uploaded the canceled cheque and then we will click on the next
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Here you have to put your specimen signature
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So here we will upload as I have told you earlier that the signature you had saved
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We will upload it here
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So here, the signature that you have to upload should be uploaded in the jpeg or png file
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If you upload in pdf format then it will not accept it
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I have tried it earlier
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I have stored the signature in jpg format again
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We'll click on the click to upload
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And here I'll upload the specimen signature
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See this is uploaded successfully
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So we have to upload the income proof in the case of the commodity only
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And because I had selected the commodity, then I'll upload it here
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For the income proof, I'll give the bank statements here
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You can give the bank statement in which your income or salary comes
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Or you can give your latest income tax returns or you can give your salary slip
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We will select on the next
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Next, you have to enter your address details and Aadhar details
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I have filled in the address here
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While uploading the Aadhar details, you have to remember that
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You have to upload the front and back separately
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Don't do it in a single file
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So I'll upload separate files here
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This is the front side, I have uploaded it here
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After that, we will upload the backside of the Aadhar card
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Once they have been uploaded then we will click on the next
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Here you have to upload your pan and photo
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You can upload the pan card in jpeg and pdf file
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I have saved the pan card in pdf file, and we will select it here
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After uploading the pan, we will upload the photo
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After this, we will click on the next
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See here you have two options if your Aadhar is linked to your mobile number
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Then you can complete your whole process online
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Your signature will become an e-sign here
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And if your aadhar and mobile number is not linked then you have to click here
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I will courier the form
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You will download all the forms and then you have to sign them
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After that, you have to courier them, I'll show you the address
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Here we will take the e-sign method because my mobile number is linked
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So a page will get open like this
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You have to click on this link, I have opened the link
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You'll enter your Aadhar number and enter the security code or captcha
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Here we will do send OTP so that an OTP will come on our mobile number
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After that, you'll enter OTP here whatever has come on your linked mobile number
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You'll click on generate VID and then click on the submit
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See here, "Congratulations your VID number has been successfully generated and"
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Sent to your registered mobile
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So see I have got the virtual id, after that, we will do e-sign
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We will click here and after that, we have to enter our virtual id
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Once you've entered your six-digit security code and clicked on the submit
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Then these forms will get opened, after that you don't have to do anything
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If you want you can read this, you'll find all forms here
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If you process this offline and you did not sign this with aadhar
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Then you have to print these all and sign them, and then had to courier them to upstox
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We are doing an e-sign, so I'll click on the sign now
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I'll again enter my aadhar number here
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I hereby authorize NSDL, we'll click
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And then go on request OTP, one more OTP will come on your mobile
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We'll enter this OTP here, click on the submit button
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After that, a window like this will come after some time
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See it is providing a referral link, we will skip it
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Here you have to do in-person verification, please understand this step carefully
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You have two options, first is you have to do in-person verification of pan
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And second is you have to do in-person verification of aadhar
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First is you can record the video if you are making it by the laptop or mobile or opening an account
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Then you can straight click on the record video if your aadhar card and the pan is ready
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If you are recording your pan then you have to keep it in front and your face should be clear
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You will keep the pan on the side, and you will take it near the camera
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So that your pan number will be readable
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Similarly, you have to record the video of the aadhar card in the same way
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You'll show the aadhar in the same way, first you'll show its front
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And after that, you'll turn it back and show it
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At the front, your aadhar number will be visible and on the back, your address will be visible
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You have to keep it this close at least
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The second option that you have is that if you have already recorded the videos
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Then you can upload them
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These videos will be short which means a maximum of 10 seconds
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If I have already recorded the videos then I will upload them
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See both aadhar and pan's IPV are uploaded and we will click on the next
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After that, a window like this will open
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Your application form has been successfully submitted
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It usually takes 2 to 4 hours to open and verify your account
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After 3 to 4 hours either your account will be opened or you'll know if there is some problem
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When you will log in to your account after 3 to 4 hours then it will show you
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If there is some issue or not
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Maybe there is a problem with some documents or the pictures are not clear
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Upload those documents again
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And sign in again as we have seen the whole process
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You have to sign now again, the e-sign process that we have seen
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After that, your application will be reviewed again and finally, it will be accepted
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And your account will be opened
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I hope after watching this video you can easily open Demat or a trading account on upstox
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If you want to suggest to your friends and family members
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Then you can share this video with them
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Make sure to like this video
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If you haven't subscribed to the channel yet
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Then subscribe and press the bell icon
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So that you'll get the notification of the latest finance video
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Let's meet in the next informative video
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Till then keep learning, keep earning
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And be happy as always
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