Charges at a glance
About Upstox
Upstox (RKSV Securities India Pvt Ltd) was founded in 2009 and is backed by investors including Ratan Tata and Tiger Global. It is one of India's largest discount brokers, registered with SEBI and a depository participant with CDSL, offering trading across equity, F&O, commodity, currency and mutual funds.
Upstox is known for its fast, no-frills trading apps and flat-fee pricing — a maximum of ₹20 per order across delivery, intraday, F&O, commodity and currency segments. Account opening is free, and the demat AMC is waived for the first year before a standard yearly charge kicks in.
Platforms
Upstox Pro Mobile
Mobile app for stocks, mutual funds, IPOs, F&O and commodities, with a clean, fast order-placement flow.
Upstox Pro Web
Browser-based trading terminal with watchlists, indicators and multi-order windows for active traders.
Chart 360 / TradingView
Advanced charting workspace built on TradingView, with order placement directly from the chart.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | ₹20 per executed order | ₹20 per executed order or 0.1%, whichever is lower | ₹20 per executed order or 0.05%, whichever is lower | Flat ₹20 per executed order |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium); 0.15% of intrinsic value if exercised |
| Transaction charges | NSE 0.00307% / BSE varies | NSE 0.00307% / BSE varies | NSE 0.00183% / BSE nil | NSE 0.03553% / BSE 0.0325% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + transaction + SEBI charges) | |||
Upstox also offers currency (forex) derivatives trading, priced the same as its equity F&O segment.
Commodity
| Charge | Commodity futures | Commodity options |
|---|---|---|
| Brokerage | ₹20 per executed order or 0.05%, whichever is lower | Flat ₹20 per executed order |
| STT/CTT | 0.01% on sell side (non-agri) | 0.05% on sell side |
| Transaction charges | MCX 0.0021% / NSE 0.0001% | MCX 0.0418% / NSE 0.001% |
| SEBI charges | Agri ₹1/crore, Non-agri ₹10/crore | ₹10 / crore |
| Stamp duty | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + transaction + SEBI charges) | |
Mutual funds
- Direct mutual fund investments on Upstox are ₹0 commission, with no transaction charges.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account | free |
| HUF account | free |
| NRI account | free (available for NRIs in India & UAE) |
Demat AMC (Annual Maintenance Charge)
Upstox waives AMC for the first year on new accounts. From year 2 onwards, non-BSDA accounts are charged ₹300 + GST per year; BSDA-eligible accounts (small holdings) may pay less or nothing depending on holding value.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Pros & cons
What users like
- ₹0 account opening, with AMC waived for the first year
- Backed by Ratan Tata and Tiger Global, one of India's largest and most established discount brokers
- Flat ₹20 pricing across delivery, intraday, F&O, commodity and currency segments
- Built-in TradingView charts and a fast, reliable Pro Web/Mobile experience for active traders
What to watch for
- Equity delivery isn't free — ₹20 per order, unlike some rivals
- AMC becomes chargeable (₹300 + GST) after the first year for non-BSDA accounts
- No commission-free mutual fund investing bundled in as a headline feature like some competitors
Read what customers say about Upstox
Overall rating 4.2/5 based on 5 customer reviews — or share your own experience.