Upstox Charges 2026: Brokerage, AMC, DP, MTF & F&O (Review)
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Upstox demat account review: opening fee ₹0, AMC ₹0 first year; then ₹300 + GST/year for non-BSDA users, and brokerage charges updated May 2026. Informational only—not investment advice.
Description
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Upstox charges ₹0 to open an account and ₹20 per order on equity delivery. Intraday is the lower of ₹20 or 0.1% and futures the lower of ₹20 or 0.05%, with options at a flat ₹20. The AMC is free in year one, then ₹300 + GST for non-BSDA accounts. DP charges are ₹20 per scrip on a sell.
By Ajay Bohra · About the author
Last updated: October 2026
This page lists the Upstox charges Indian investors pay: brokerage by segment, taxes and exchange fees, account and demat charges, and three worked examples that add up the total cost of a trade. Rates were checked against Upstox’s published charges in October 2026. Charges change, so confirm on Upstox before you trade. This is information, not investment advice.
Upstox brokerage charges by segment
| Segment | Brokerage per executed order |
|---|---|
| Equity delivery | ₹20 |
| Equity intraday | Lower of ₹20 or 0.1% |
| Equity futures | Lower of ₹20 or 0.05% |
| Equity options | ₹20 |
Upstox also lists ₹20 per order on mutual funds and IPOs, and a maximum brokerage of ₹20 per order on its standard plan. “Lower of ₹20 or 0.1%” means 0.1% of the order value when that is below ₹20 (orders under ₹20,000) and ₹20 for anything larger.
Taxes and exchange charges on Upstox trades
These are charged on top of brokerage by the government and the exchanges. They are the same at every broker, apart from small differences in how brokers round and bill them.
| Charge | Equity delivery | Equity intraday | Futures | Options |
|---|---|---|---|---|
| STT | 0.1% on buy and sell | 0.025% on sell | 0.05% on sell | 0.15% on sell premium |
| Exchange transaction charge (NSE) | 0.00307% | 0.00307% | 0.00183% | 0.03553% of premium |
| Stamp duty (buy side) | 0.015% | 0.003% | 0.002% | 0.003% |
| SEBI turnover fee | ₹10 per crore | ₹10 per crore | ₹10 per crore | ₹10 per crore |
| GST | 18% on brokerage, exchange and SEBI charges | 18% | 18% | 18% |
Upstox account, demat and other charges
| Charge | Amount |
|---|---|
| Account opening | Free |
| Demat AMC | No charge in the first year for newly onboarded customers, then ₹300 + GST a year for non-BSDA users |
| DP charge on selling shares | ₹20 per scrip per day, only on sell. No DP charge on intraday, futures or options |
| MTF interest | ₹20 a day for every slab of ₹40,000 taken as MTF, up to 4x leverage, on top of regular brokerage |
| Pledge or unpledge | ₹20 + GST per scrip |
| Call and trade | ₹75 + GST |
| Auto square-off | ₹75 + GST |
| Demat or remat certificate | ₹100 per certificate + ₹50 courier |
| Interest on delayed payment | 0.05% a day on a debit balance |
Upstox charges: three worked examples
Each example adds up every charge on a round trip (buy and sell). The delivery and intraday examples buy and sell ₹1,00,000 of shares once each. The options example buys premium worth ₹50,000 and sells it for ₹60,000. Amounts are rounded to the nearest paisa and leave out tiny exchange investor-protection levies.
| Charge | Delivery (₹1,00,000 buy and sell) | Intraday (₹1,00,000 buy and sell) | Options (₹50,000 buy, ₹60,000 sell) |
|---|---|---|---|
| Brokerage | ₹40.00 | ₹40.00 | ₹40.00 |
| STT | ₹200.00 | ₹25.00 | ₹90.00 |
| Exchange transaction charges | ₹6.14 | ₹6.14 | ₹39.08 |
| SEBI turnover fee | ₹0.20 | ₹0.20 | ₹0.11 |
| Stamp duty | ₹15.00 | ₹3.00 | ₹1.50 |
| GST | ₹8.34 | ₹8.34 | ₹14.25 |
| DP charge on the sell | ₹23.60 | ₹0.00 | ₹0.00 |
| Total charges | ₹293.28 | ₹82.68 | ₹184.95 |
| Total as % of turnover | 0.293% | 0.083% | 0.168% |
Two things stand out. Unlike brokers with free delivery, Upstox charges ₹20 per delivery order, so a buy and a sell cost ₹40 before taxes. STT is still the largest delivery cost. Profit or loss on the trade itself is not included, and neither is income tax on gains.
How Upstox charges compare
Brokerage, AMC and DP charges are where brokers differ. Put your own order sizes into the brokerage calculator, or read Dhan vs Upstox, Angel One vs Upstox and Groww vs Upstox.
Who should read this Upstox review
Traders who place many intraday or F&O orders see a flat ₹20 cap, while delivery investors pay ₹20 on every order. Check the AMC after year one and the DP charge on sells. This is not personalised investment advice.
Upstox charges: FAQs
What are Upstox brokerage charges?
Equity delivery is ₹20 per executed order. Intraday is the lower of ₹20 or 0.1%, futures the lower of ₹20 or 0.05%, and options a flat ₹20 per order.
Is Upstox delivery free?
No. Equity delivery is ₹20 per executed order.
What is the Upstox account opening fee?
Free.
What is the Upstox demat AMC?
There is no account maintenance charge in the first year for newly onboarded customers. After that, non-BSDA users pay ₹300 + GST a year.
What are Upstox DP charges?
₹20 per scrip per day, only on sell transactions. Intraday, futures and options carry no DP charge.
What is the Upstox MTF interest rate?
₹20 a day for every slab of ₹40,000 taken as MTF, charged on top of regular brokerage. MTF gives up to 4x leverage on eligible stocks.
What are Upstox call and trade charges?
₹75 + GST per order. Auto square-off is also ₹75 + GST.
How much STT do I pay on Upstox?
STT is set by the government: 0.1% on buy and sell for delivery, 0.025% on the sell side for intraday, 0.05% on the sell side for futures and 0.15% on the sell premium for options.
Sources
Upstox’s published charges: upstox.com brokerage charges page. STT, stamp duty, SEBI turnover fee and exchange transaction charges follow the rates set by the government, SEBI and the exchanges.
Brokerage, AMC, and statutory charges change. This page is for information and education only, not investment advice.
- No fees to open the account.
- No brokerage fees in mutual funds.
- Provide direct mutual funds
- Trading software that is free to use
- One app that may be used to trade in equities, currencies, and commodities
- There is a margin against share that may be used
- Equity delivery is not Free
- There are no unlimited monthly subscriptions available
- NRI Trading and Demat Accounts are not available with Upstox.
Additional information
Specification: Upstox Charges 2026: Brokerage, AMC, DP, MTF & F&O (Review)
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