AMC*
Account Maintenance Charges
(No account maintenance charges for first year)
(No account maintenance charges for first year)
Brokerage Charges
List of everything you may be charged at Upstox.
₹0
₹0
Brokerage*
On Mutual Funds and IPOs
₹20
Brokerage*
Maximum brokerage per order
4.5+★
Avg. App rating
Backed by the best
Transparent pricing and No hidden charges
When you place an order on Upstox, here's what you'll be charged:
Upstox Charges
Fees charged by Upstox
Brokerage
Equity Delivery
₹20
per executed order
Equity Intraday
₹20 per executed order or 0.1% (whichever is lower)
Equity Futures
₹20 per executed order or 0.05% (whichever is lower)
Equity Options
Flat ₹20 per executed order.
Statutory Charges
Taxes and Fees by the Government of India
STT/CTT (From 1st April 2023)
Equity Delivery
0.1% on buy & sell
Equity Intraday
0.025% on the sell side
Equity Futures
0.0125% on sell-side
Equity Options
0.0625% on sell side (on premium)
STT/CTT (From 1st October 2024)
Equity Delivery
0.1% on buy & sell
Equity Intraday
0.025% on the sell side
Equity Futures
0.02% on sell-side
Equity Options
0.1% on sell side (on premium)
GST
Equity Delivery
18% (on brokerage + transaction + demat charges + IPFT charges)
Equity Intraday
18% (on brokerage + transaction charges + IPFT charges)
Equity Futures
18% (on brokerage + transaction charges + IPFT charges)
Equity Options
18% (on brokerage + transaction charges + IPFT charges)
Stamp Duty
Equity Delivery
0.015% or ₹1500 / crore on buy side
Equity Intraday
0.003% or ₹300 / crore on buy side
Equity Futures
0.002% or ₹200 / crore on buy side
Equity Options
0.003% or ₹300 / crore on buy side
Exchange Fees
Fees Charged by either NSE (National Stock Exchange) or BSE (Bombay Stock Exchange)
Transaction charges (From 1st April 2024 to 30th September 2024)
Equity Delivery
NSE
0.00322% per trade on buy & sell.
BSE
charges vary as per the scrip group
Equity Intraday
NSE
0.00322% per trade on buy & sell.
BSE
charges vary as per the scrip group
Equity Futures
NSE
Exchange turnover charge: 0.00188%
BSE
Nil
Equity Options
NSE
0.0495% (on premium)
BSE
0.0495% (on premium)
Transaction charges (From 1st October 2024)
Equity Delivery
NSE
0.00297% per trade on buy & sell.
BSE
charges vary as per the scrip group
Equity Intraday
NSE
0.00297% per trade on buy & sell.
BSE
charges vary as per the scrip group
Equity Futures
NSE
Exchange turnover charge: 0.00173%
BSE
Nil
Equity Options
NSE
0.03503% (on premium)
BSE
0.0325% (on premium)
IPFT charges
Equity Delivery
NSE
₹0.10 per Lakh of the turnover
Equity Intraday
NSE
₹0.10 per Lakh of the turnover
Equity Futures
NSE
₹0.10 per Lakh of the turnover
Equity Options
NSE
₹0.50 per lakh of the turnover (Premium value)
Demat transaction charges
Fees Charged by CDSL (Central Depository Services Limited) & Upstox
DP Charges
Equity Delivery
₹ 20.0 per scrip per day only on sell
Equity Intraday
No charges
Equity Futures
No charges
Equity Options
No charges
SEBI
Fees Charged by SEBI (Securities and Exchange Board of India)
SEBI Charges
Equity Delivery
₹10/crore
Equity Intraday
₹10/crore
Equity Futures
₹10/crore
Equity Options
₹10/crore
Still confused?
Calculate brokerage & margin easily with these
Do more with less
| Order type | Applicable margin on Equity | Applicable margin on
|
|---|---|---|
| Intraday order | up to 5x | 1x |
| CO/OCO order | up to 5x | 1x |
| Margin Trading Facility (MTF) | up to 4x | Not Applicable |
| Note: No Margin for Options buying | ||
Is MTF chargeable? Yes, the following charges are applicable on MTF orders over and above regular brokerage | |
|---|---|
| Interest | ₹20/day for every slab of ₹40,000 taken as MTF |
| Pledging charges | The cost of pledging, as well as unpledging, is ₹20 + GST per scrip. |
Margin shortfall penalty
| Shortfall collection for each client | Penalty percentage of the shortfall |
|---|---|
| (< ₹1 lakh) and (< 10% of applicable margin) | 0.50% |
| (>= ₹1 lakh) or (>= 10% of applicable margin) | 1.00% |
Note:
• If there are more than 5 instances of a shortfall in a calendar month, a penalty of 5% for every further instance of the shortfall is applicable
• If the margin shortfall continues for more than 3 consecutive days, a penalty of 5% is applied for each subsequent instance of the margin shortfall
• For MCX, if the margin shortfall is reported 3 times or more during a month, i.e., either in consecutive instances or in 3 different instances, the penalty would be 5% from the 4th instance of the shortfall
All Charges Explained
A. UPSTOX CHARGES
1. Brokerage
- Up to ₹20/order charged on Stocks, F&O, Commodity and Currency trades
- Zero Commission on Mutual Funds and IPOs
2. AMC
- ZERO AMC is applicable for newly onboarded customers in the first year
- Non-BSDA users: AMC of ₹ 300 + GST
- BSDA Users: Know more
3. Upstox Plus
- An upgraded VIP plan offering advanced features, special rates, priority services
- Fund transfers: FREE
- Auto Square Off: ₹50 + GST
- MTF interest: ₹20 per ₹50K borrowed (up to ₹1L)
- Margin pledge interest: 16% p.a. up to ₹1 lakh
- Brokerage: Up to ₹30/order
- Plus pricing: Know more
B. GOVERNMENT CHARGES
1. STT/CTT - Securities/Commodities transaction tax
- Levied by the Government on Securities and Commodities
- Charged on both buy and sell Stocks - Equity Delivery orders
- Charged only on sell Intraday and F&O orders
- May be more than the brokerage we charge
2. GST - Goods and Services Tax
- Levied by the government on the services rendered.
- 18% of (brokerage + transaction charges + Demat + IPFT charges)
3. Stamp duty charges
- Stamp duty charges are a part of the state revenue system
- Applicable on the trading of Securities and Commodities
- In 2020, uniform stamp duty charges are applicable across all the states in India. Know more
C. REGULATORY CHARGES
1. Transaction Charges
- Charged by exchanges (NSE, BSE, MCX) on the value of your transactions.
- BSE has revised transaction charges in XC, XD, XT, Z and ZP groups to ₹10,000 per crore w.e.f 01.01.2016.
- BSE has revised transaction charges in SS and ST groups to ₹1,00,000 per crore of gross turnover.
2. SEBI Charges
- Charged at ₹10 per crore by Securities and Exchange Board of India for regulating the markets.
3. DP (Depository participant) charges
Male
- CDSL: ₹3.5
- Upstox: ₹16.5
- Total: ₹20.0 + GST
Female
- CDSL: ₹3.25
- Upstox: ₹16.75
- Total: ₹20.0 + GST
4. Voluntary Auction Charges
- A fee of 1% of the security's value will be charged, based on its closing price on the day before the auction.
5. IPFT charges for NSE trades
- ₹0.10/lakh for Equity & Futures, ₹0.50/lakh on Equity Options premium, ₹0.05/lakh for Currency Futures, and ₹2/lakh on Currency Options premium. GST applicable.
Charges for other services
 Margin Against Demat Holdings (can be used for Futures buy and sell and Options Sell orders only) | ₹20 + GST per scrip for pledging and unpledging |
 Auto Square-off | ₹75 + GST |
 Call & Trade | ₹75 + GST |
 P&L/ CMR Physical copy | ₹10 per page |
 Off-market (to transfer shares between brokers) |
|
 Instant Withdrawal charges | ₹20 + GST |
| Netbanking charges (Razorpay / Atom) | ₹7 (GST included) |
 Buyback / Takeover / Delisting Charges | ₹20 + GST |
 Offer For Sale | ₹20 + GST |
 Account Opening Fees | Free |
| API Subscription Charges | Free |
| Interest on Delayed Payment | 0.05% per day on account debit (negative balance) |
| Dematerialisation and Rematerialisation Charges | ₹100 per certificate + ₹50 courier charges |
| Account Modification charges | ₹ 50 + GST |
| NDU Charges | ₹200/- per request or 0.01% on transaction value whichever is higher payable by the borrower for NDU requests accepted by the lender |
| NPS Account Opening | ₹200 +GST (This charge is collected upfront) |
| NPS Contribution Processing | ₹30 +GST (This charge is collected upfront) |
| Brokerage on API Orders | ₹10 per order (Valid till 31 Dec 2025, not applicable on GTT orders placed by API) |
Common questions regarding your funds
After I sell a stock, why don't I get to use 100% of it?
+From October 04, 2024, SEBI peak margin rules have changed the way sell amounts get credited to you. As per this, 100% of the sell amount is available for trading on the same day. And 100% of the sell amount will be available for withdrawal from T+1 day onwards. To know more on the impact of SEBI's peak margin rules, click here.
Why is my fund balance lesser than what I expected?
+Your fund balance could be lesser than what you expect it to be because of multiple reasons such as maintenance charges, taxes, quarterly settlement/retention and more. To know about these in detail, click here.
Why am I charged for equity delivery?
+We follow a pay-per-use model. We only charge a minimal brokerage up to ₹20 when you place a trade. To know more, click here.
Where can I see all charges that are deducted?
+Whenever you trade, you need to check the order details or contract note to know how much amount will be credited or debited from your account. Contract note or order details can be checked under Ledger report or directly in the Bill report. To know how to access your ledger, click here and to know how to read a ledger, click here.