UCC Id in Upstox (Unique Client Code)
If you’re wondering about UCC Id in Upstox? or How to open a Upstox Demat account. Is it safe to use Upstox? or What is the Upstox brokerage structure? or What are the Upstox account opening fees?
In this article, we will answer all of your questions and concerns, as well as provide a comprehensive, in-depth overview of everything you need to know about UCC Id in Upstox and a full review of the Upstox app.
The majority of your Upstox-related questions have been addressed in this Upstox Review.
Then you’ve come to the right spot, and in this Upstox Review, we’ll answer all of your questions regarding Upstox, one of India’s largest discount brokers.
Ucc id in upstox
Ucc id is a 6 Digit alphanumeric code of a Demat account in Upstox. UCC Id stands for Unique Client Code.
When you create a new account in Upstox you have to fill a 6 digit upstox ucc id.
Ucc id provides an extra layer of privacy into your upstox Demat account.
UCC is the Unique Client Code, which is essentially a serial number on your Demat account or trading account. To be obvious, Ucc Id means identification number if you haven’t already figured it out. Basically, the UCC ID represents your account in an alphanumeric/numeric way in the broker database.
Note, while certain brokers use the Beneficial Owner Identification Number (BOID), they are essentially the same thing. Not too long ago, SEBI, which supervises all these transactions, ordered the brokers to create UCCs using Demat accounts.
Upstox is one of India’s leading discount brokers. What makes Upstox such a fantastic broker for many individuals is its low-cost trading account.
How to find UCC Id?
The first and most important requirement is that you have a Upstox account because this is the serial number that is connected with your account and cannot exist unless you have a Upstox account. When you apply for the account, only then, you will get the UCC ID.
After you’ve successfully finished the application, which means you’ve submitted all required papers and paid all costs, it can take up to 48 hours for your account to be processed.
Upstox background
Upstox, formerly known as RKSV Securities, is an Indian discount broker located in Mumbai, Maharashtra. Upstox, also known as RKSV Securities, began operations in 2011.
Raghu Kumar, Ravi Kumar, and Shrinivas Viswanath formed Upstox or RKSV Securities.
Upstox is one of India’s largest discount brokers.
Upstox’s low-cost trading account, highly prompt Customer Support, and cutting-edge Mobile and Web trading platforms Upstox Pro — are what makes them such an appealing broker for many individuals.
Upstox is backed and sponsored by Mr Ratan Tata, GVK Davis, and Kalaari Capital, making it one of the most secure and dependable bargain brokers in India.
Upstox Types of Account
Upstox offers two types of accounts to meet their users’ Trading or Investing needs.
- Upstox Basic Plan
- Upstox Priority Plan
Why should you use a upstox trading platform?
Upstox is one of India’s leading discount brokers. And in comparison, the commodity and currency are pretty cheap, compared to full-service brokers with stocks, futures and options.
Trading using a Upstox account will save you a lot of money, especially for traders. And investors that regularly deliver their assets save enormous sums on brokerage as well.
On a full-service broker, you pay a certain percentage of the total amount of the invested money. But on Upstox, the brokerage is fixed, flat, and limited. And in some cases like investing in the delivery segment, it is FREE.
On Upstox, how much can we save in brokerage fees?
For the Delivery Segment, Upstox does not charge any brokerage fees. Upstox, on the other hand, charges a fixed rate of Rs. 20 for intraday trading.
Upstox does not impose a fee depending on the amount of money you exchange. Using a Upstox Account to trade saves you a lot of money.
Upstox Brokerage Credit Plan
Upstox just launched prepaid brokerage products, promising extra savings of up to 60%.
STANDARD, ADVANCED, and PREMIUM Brokerage Credit plans are available from Upstox.
These Credits will be used to pay off your brokerage fees.
The Standard Plan offers 400 Rupees of brokerage for Rs. 249 for a period of 30 days.
The Advanced Plan offers 1000 Rupees of brokerage for Rs. 499, which is for 45 days.
In addition, with the Premium Plan, you will receive 2500 Rupees in brokerage for Rs. 999, which is valid for 60 days.
Upstox Pro Web
Upstox Pro Web is a browser-based platform that has all important functionalities as a desktop-based platform.
The Pro Web trading platform is one of India’s most sophisticated HTML-based trading platforms.
The Pro Web platform is fully configurable, allowing you to build it up and organise it any way you want.
The UI of Upstox Pro Web is one of the top technical analysis software for the Indian stock market.
Upstox Pro Mobile
Upstox has developed its own Mobile App for both Android and iOS users.
Investors and traders may use Upstox Pro Mobile to make orders at any time and from any location.
One of the best technical analysis apps for the Indian stock market is Upstox Pro Mobile.
Upstox Pro Mobile’s charting tool is just as strong as Upstox Pro Webs.
In your Upstox Pro Mobile Chart, you may add numerous indicators and do your technical analysis.
How To Open a Upstox Account?
The account opening process at Upstox or RKSV Securities is possible both online and offline.
However, in this Upstox Review, we’ll go over the Online Process in greater detail.
In Offline mode you have to download a Pre-Filled Account Opening PDF form, printing it, adding relevant papers, signing the mandatory pages, and mailing the form to Upstox Office is all that is required for the Offline procedure.
While we are familiar with the Offline procedure, the Online Upstox Account Opening Procedure is considerably simpler and quicker within 24 to 48 hours.
Documents Required To Open a Upstox Account
Formal Photograph
PAN Card
Adhaar Card (connected with a Mobile Number to receive and validate OTP)
Specimen Signature
Income Proof (Optional and only needed if you opt to trade in derivatives.)
Steps to Open a Upstox Account
Step 1
Download Upstox App from Playstore.
Step 2
You will end up with a screen that asks you to give your email address and phone number
when you have to click the Opening button.
Step 3
Type in “SEND OTP” your email address and Mobile Number.
Step 4
Enter and proceed with the One Time Password/OTP you obtained from Upstox.
Step 5
Now enter your PAN and birth dates and Enter Ucc Id “ 3WANWY ”.
Step 6
You are sent to the next page where you need to submit more data like gender, marital status, annual income and more after you entering PAN details and birthday and click on the Next button.
For each question, you must pick the right choice.
Step 7
Now choose the relevant answers for each question on the same page and scroll down a little. After all the answers have been completed, read the Taxpayer Statement, and then accept the statement by clicking on the box below.
Click Next to continue to the next step when you have finished the previous process.
Step 8
On the next page, your trade preferences and your favourite leverage plan will be requested. Now you may enter a promo code when you have picked your desired selections below. Click Next again to get to the next phase of the procedure.
Step 9
Now you’re going to be asked if you want free stock or not. To continue, click Yes.
Step 10
You must give your bank information in the following step and choose the bank account type that you have.
Step 11
You will be prompted to provide a sample of signatures and proof of income after you clicked on Next.
The evidence of income is optional and only if you wish to trade in derivatives must you give proof of income (i.e., F&O Segment). Click Next once you’ve uploaded the papers.
Step 12
Next, you will be required to provide some additional papers, including your copy, Aadhaar Copy, etc.
Upload and check with Aadhaar where you obtain an OTP from the UIDAI that you need to input to check and open your account.
And now, you’ll receive your credentials and then be trading on the Indian Financial Market in 24–48 hours.
Disclaimer: The website and its administration are not responsible for the opinions, investment advice, assumptions, or computations stated on this page. Before making any financial decisions, consumers should consult with qualified professionals, according to this page.