You can submit ANY ONE of the following documents as income proof to trade in F&O. 

  • Bank statement of last 6 months
  • Salary slip of last 3 months
  • Salary certificate of last 3 months
  • ITR of the latest financial year
  • Demat Holding Statement of last 3 months
  • Form 16 (Part A or B) of the most recent tax year
  • Latest Net Worth Certificate

Please ensure the document you submit follows the eligibility criteria mentioned below:

1. Bank Statement

  • Should be of the last 6 months 
  • At least ONE transaction should be above ₹5000
  • Bank account number and bank name should be visible on the bank statement
  • Overdraft bank accounts can be accepted as income proof with positive opening balance 
  • Bank account category should be savings or current account. Current account should be on individual applicant name only
  • Bank statement should have the name of person who is opening the account

2. Salary Slip

  • One salary slip from the last 3 months
  • Salary slip should be issued on the name of the person who is opening the account or has an account with upstox
  • Company's name should be printed on it
  • Net or gross salary should be ₹5000 or above

3. Salary Certificate

  • Should be on the company's letter head
  • Should be of the last 3 months
  • Calculation of salary should be visible
  • Certificate should be issued on the name of the person who is opening the account or has an account with 
  • Upstox

4. Income Tax Returns

  • ITR of the latest financial year 
  • Name should be clearly visible and should be the same as the registered name with Upstox
  • ITR of the latest financial year OR Assessment year can be accepted as income proof
  • PAN, computation and acknowledgement number should be available in the submitted proof

5. 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

6. Form 16

  • Name and PAN of the employee and employers should be clearly visible
  • The name and PAN of the employer/deductor should be clearly visible
  • Form 16 should be the latest financial year OR assessment year
  • Computation, authorised signature and acknowledgement on Form 16 are mandatory

7. Networth Certificate 

  • Should be of the latest net worth (not older than 6 months)
  • Should contain applicant’s name
  • Stamp and signature of person authorising the certificate

Want to know the 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.