When you open an Upstox account, the Stock (Equities) segment and Mutual Funds are activated by default. So, you can start investing and trading in them instantly. However other segments such as Futures & Options (F&O), Currencies (CUR), and Commodities (MCX), are optional. And in order to activate them, you need to submit sufficient income proof because each of these segments has its own trading rules, timings, and products different from Stocks and Mutual Funds.
Hence, customers trading in the Futures & Options, Currency, and Commodity segments are asked to upload their financial statements as income proof. They can upload any one of the documents below:
Copy of ITR acknowledgement
Copy of form 16 in case of salary income
Networth certificate
Salary Slip - Anyone from the latest 3 months
DP holding Statement must be of last 3 months
Linked/Registered bank account statements of last six months or or e-statement should contain a/c number, a/c holder name. It should have the bank logo or stamp along with IFSC code and MICR Code
Any other relevant documents substantiating ownership of assets
To upload the given document:
Step 1: Login to the Upstox app using your 6-digit PIN or biometrics.
Step 2: Tap on ‘Account’ at the bottom of the screen.
Step 3: Select ‘My Account’.
Step 4: Go to ‘Profile’.
Step 5: Click ‘Income details’ under ‘Profile’. You will be redirected to the financial details page.
Step 6: Here, select your annual income, the income proof type and upload the details. Once you accept the declaration, click ‘Continue’.
