3.6/ 5Upstox Brokerage Charges, AMC & Calculator
Backed by Ratan Tata & Tiger Global — slick app, flat per-order pricing. Founded 2009, Mumbai · ~26 lakh active clients.
Quick answer
Upstox charges ₹20 or 2.5% (lower) on equity delivery, ₹20 or 0.05% (lower) on intraday and ₹20 / order (flat) on F&O options. Account opening is ₹0 (free) and demat AMC is ₹150 / quarter (1st year free). Rated 3.6/5, it's best for active traders who want a polished app at flat per-order pricing.
Charges are compiled from each broker's official published rate card and the prevailing NSE / SEBI statutory rates. Figures are indicative and reviewed periodically — always confirm current charges on the broker's own website before opening an account.
Upstox Charges — Brokerage, AMC & DP
Account opening
₹0 (free)
Maintenance (AMC)
₹150 / quarter (1st year free)
Equity delivery
₹20 or 2.5% (lower)
Equity intraday
₹20 or 0.05% (lower)
Futures
₹20 / order (flat)
Options
₹20 / order (flat)
DP charges
₹18.5 + GST per scrip (sell)
Margin (intraday)
Up to 5× intraday (MIS)
Charges are indicative, compiled from Upstox's published rate card (reviewed June 2026), and exclude statutory taxes (STT, exchange, SEBI, stamp duty, GST). Verify current rates on Upstox's website.
Upstox Brokerage Calculator
- Brokerage
- ₹40.00
- STT
- ₹201.00
- Exchange txn
- ₹5.97
- GST
- ₹11.64
- SEBI
- ₹0.20
- Stamp duty
- ₹15.00
- DP charges
- ₹18.50
Estimate based on NSE statutory rates (STT, exchange, SEBI, stamp duty & 18% GST) plus each broker's published brokerage. DP charges apply on delivery sells. Actual contract-note charges may vary slightly.
Upstox — Pros & Cons
Pros
- Free account opening
- Fast, modern trading app
- Flat ₹20 per order on F&O
- Strong institutional backing
Cons
- AMC of ₹150/quarter after the first year
- Delivery not free for larger trades
- Past app stability complaints during peaks
Best for: Active traders who want a polished app at flat per-order pricing. Upstox supports Equity, F&O, Currency, Commodity, Mutual Funds, IPO on Upstox Pro, Upstox Web.
Our Take on Upstox
Backed by Ratan Tata and Tiger Global, Upstox (formerly RKSV, founded 2009) pairs a polished, fast mobile app with flat ₹20-per-order F&O pricing and covers the full set of segments. Two things to weigh: a ₹150-per-quarter maintenance charge kicks in after the first free year, and equity delivery is charged on larger trades rather than free. It has also drawn past complaints about app stability during peak volatility. For active traders who want a slick, modern terminal and don't hold much idle stock in demat, it's a strong pick.
Compare Upstox With Other Brokers
See Upstox head-to-head — charges, brokerage and a live calculator for each pairing.
FAQs
Upstox Charges — FAQs
For information only — not investment advice or a recommendation. OptionX is broker-neutral. Charges are indicative; confirm current rates with Upstox before opening an account.
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