Sunday, May 15, 2022

How Do I Delete My Upstox Account – 09 Simple Steps to Follow

How to Delete Your Upstox Account – 09 Simple Steps to Follow

Upstox is a trading platform that is both mobile and website-based and includes trading, analysis, charting, and many other advanced trading tools. You can trade on almost every stock exchange.

Upstox account is a dual account, i.e, it has two accounts, one Trading account and another one is Demat account. These two accounts help in two different ways.

The trading account helps you to access stock exchanges like NSE, BSE and MCX etc. Whereas, Demat account helps to hold securities like stocks, mutual funds, etc., in electronic form.

Benefits of Upstox

  • Before deleting your Upstox account, know some important benefits of Upstox. 
  • Upstox is one of the certified trading platforms with market regulator i.e, Securities and Exchange Board of IndiaIndia(SEBI). 
  • It is a cost effective trading app. It is also known as a low cost broker. 
  • The process of account opening in Upstox is easy. 
  • It has superior technology  to provide advanced trading tools. 
  • It will respond immediately when you have any problem in your account with quality customer service. 

Due to some personal reasons if you don’t want to use your Upstox account you can delete your Upstox account. Deleting an Upstox account is nothing but closing of account.

If you have any inconvenience with your Upstox account you can consult Upstox customer care, so that they can sort it out. You may reach out to the following for customer service:

If you still want to close your Upstox account follow below given steps. 

Steps to Delete or Close your Upstox Account

Step 01: Foremostly login to the Upstox app with your Upstox username or 6 digit UCC and Password.

Step 02:  Next click on the ‘Profile’ icon on the top left corner of the app.

Step 03: Then Click on ‘Name’ or ‘My Account’ displayed on the top left corner of your screen. 

Step 04: After that you will be redirected to the Account page. Then Scroll down to the Account Closure section and Click on ‘Close Account’ option. 

Step 05: After clicking the close account option, it will redirect to the confirmation page.

Step 06: Next Click on the link which has been generated if you would like to proceed with the account closure and you will be redirected to the closure page.

Then you will receive a closure link URL through a SMS & email on the registered Mobile number. The link would remain valid for 90 days.

Step 07: Account Closure Request page will appear. Before closing your Upstox account you should check following aspects once,

  • Clear all outstanding dues.
  • Close all open Future and Option trade positions.
  • Clear off if you have any Digi Gold balance in your account.

You should make sure that you have zero holdings in your Demat account. You have the option of selling your assets or transferring them to a different Demat account. Any unspent funds will be sent to your primary connected bank account.

Step 08: Please select the reason for closure by selecting from the drop down menu.

Note: If you choose “Others” as the reason for closing the account, you will be prompted to give a description before proceeding.

Step 09: When you have finished entering all of the information, the ‘Close Account’ button at the bottom will become active, click on the Close Account. After you submit the account closure request, it will take 7 to 8 working days to process your request, and delete your Upstox account.

With the help of these steps you can delete or close your Upstox account safely. Hope this was helpful.

There might be many reasons for you to delete your Upstox account, irrespective of the reason this will work for you.

Upstox has many benefits and it’s probably considered as one of the best trading apps. So, think twice before deleting or closing your Upstox account.

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