Brokerage credit is an amount provided by Upstox to let you place brokerage-free Equity Delivery, Equity Intraday, F&O, Commodity, and Currency trades.
As per our brokerage credit process, we will first have to deduct the complete brokerage amount from your account balance when you place an order. The brokerage will then be credited to you on the communicated date. The deducted amount can be seen under your virtual credit balance.
To check your brokerage credit and its utilization, download and read your virtual credit report by following the steps below:
1.Login to the Upstox app using your 10 digit registered mobile number and create a 6-digit PIN. Incase if you have already created the 6-digit PIN then login with the 6-digit Pin or biometrics.
2.Select the Profile tab under 'Account.'
3.Click on 'My account.'
4.Select 'Reports.'
5.Click on 'Ledger report.'
6. In Ledger Reports click on 'Filters.'
7.In 'Filters' select 'Virtual credit' from 'Wallet' option along with year and date.
8.Click on ‘Get Report.'
Predefined date ranges are also available for convenience.
9. From here you can access your brokerage report.
10. When you trade, brokerage is deducted and will appear in your Ledger report (bill details) as follows:
11.Now on reversal of the brokerage credit, the amount will be adjusted in your Ledger report (bill details) and will appear under ‘Journal voucher’ as follows:
