When you open an Upstox account, the Stock (Equities) segment and Mutual Funds are activated by default. This means you can start investing and trading in these segments instantly.

However, other segments, such as Futures & Options (F&O), Currencies (CUR), and Commodities (MCX), are optional and require additional activation. To activate these segments, you must submit sufficient income proof. This is because each of these segments has unique trading rules, timings, and products that differ from Stocks and Mutual Funds.

Why is Income Proof Required?

Customers trading in the F&O, Currency, and Commodity segments need to upload financial documents as income proof. This ensures compliance with trading regulations and demonstrates the financial capability required for these segments.

Accepted Documents for Income Proof

You can upload any one of the following documents:

  • Copy of ITR Acknowledgement
  • Form 16 (for salaried individuals)
  • Net Worth Certificate
  • Salary Slip (any one from the latest 3 months)
  • DP Holding Statement (from the last 3 months)
  • Bank Account Statement (must be from the last six months and should include the following):
    • Account number
    • Account holder's name
    • Bank logo or stamp
    • IFSC code and MICR code
    • An e-statement is also acceptable if it meets these requirements.
  • Other Relevant Documents: Any document that substantiates ownership of assets.

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: Click on 'Update financial information'.


Step 7: Select your annual income and income proof type, read accept the declaration and click on 'Update financial information'. 


Step 8: You will receive OTP on your registered email ID and mobile number, enter the OTP and click on 'Submit'.

Step 9: Your details will be under review.

Note: Your income proof details will be updated within 2 business days.