When submitting your income proof, it is essential to have the right documents for your request to get approved.


Documents required as income proof


Any one of the following documents are accepted as income proof are:

  • Bank statement of the last six months

  • Latest salary slip 

  • Income Tax Return

  • Demat holding statement

  • Form 16

  • Net Worth Certificate

Before submitting any one of the above income proof documents, keep the following guidelines in mind:

Bank Statement

  • Bank statements should be of the latest 6 months (180 days)

  • In the bank statement for the last 6 months,either of opening balance OR closing balance OR min. one transaction should be above Rs.5000.

  • Applicant's name, bank account number, bank name  should be visible on the bank statement

  • Bank logo or bank stamp should be present on bank statement

  • Overdraft bank account can be accepted as income proof

  • Closing Or opening balance should not be negative.

  • Bank account category should be Savings or current where the current     account can be ONLY on an individual applicant’s name

  • For single account - Name on the bank statement should be the same as the name registered with your Upstox account 

  • For joint account - Name of the either holder on bank statement should be the same as the name registered with your Upstox account.


Salary Slip

  • Anyone from the latest 3 months

  • Applicant’s name should be visible

  • Company name/logo should be visible

  • Net or gross salary should be ₹5000 or above



Income Tax Returns

  • ITR of the latest financial year is acceptable

  • Name should be clearly visible and should match with the registered name on Upstox

  • PAN should be clearly visible

  • Assessment should be present and it should be of the latest two years

  • Computation is required. Only acknowledgement will not work

  • The ITR acknowledgement number is required

Demat Holding Statement

  • Name on the DP holding statement should be clearly visible and should be the same as the registered name on Upstox

  • DP holding statement must be of the last 3 months

  • Holding value should be above ₹5000 (Irrespective of the Broker)

  • The company Logo/Stamp should be clearly visible. 

Form 16B

  • Form 16B should have both, Part A and Part B

  • The name and PAN of the employee should be clearly visible

  • The name and PAN of the employer/deductor should be clearly visible

  • The assessment must be of the 2 most recent years

  • Computation and acknowledgement on Form 16B is required

  • Authorised signature must be attested on Form 16B either in physical or a digital format

 

Networth Certificate 

  • Should be of the latest net worth (Not older than 6 months)

  • Should contain applicant’s name

Want to know steps on how to add a segment? Click here


Please note: The income proof file should be in PDF format and under 5 MB in size.