When you open an Upstox account, the Equities segment and BSE 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 segments (MCX), are optional. 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.
To activate these segments, simply follow the below steps:
Step 1: Login to the Upstox app using your 6-digit PIN or Biometrics.
Step 2: Once you login, click on ‘Account’.
Step 3: Click on ‘Profile’.
Step 4: Click ‘Trading segments’ under ‘Profile’. You will be redirected to the segment activation page.
Step 5: Click on ‘Activate Segment’ for the segment you want to activate.
Step 6: For MCX, you will also be asked to upload a live photo.
Step 7: You can upload any one of the documents as shown in the screenshot below.
Step 8: After selecting the income proof document you wish to upload, click on ‘Continue’.
Step 9: Choose your ‘Primary Bank’ listed with Upstox and click ‘Continue’.
Step 10: Click on ‘Upload Manually’ to upload your income proof, then click ‘Continue’.
Note: If you want you can also fetch a statement from the bank, click here to know the steps.
Step 11: After the document is uploaded, review your document and click on ‘Continue’.
Step 12: eSign with Aadhaar and submit your application.
- You will now be redirected to the confirmation page, where you have to click on the checkbox and accept the ‘Terms and Conditions’ and click on ‘Proceed’.
- Now you will be redirected to the confirmation page, verify the details and click on ‘Sign Now’.
- Enter your Aadhaar/VID.
- Enter the OTP sent to your Aadhaar registered mobile number.
- Your request to enable this segment has been submitted successfully.
This usually takes 2 to 3 working days. After this, you'll be able to trade in commodities.
Note: In the following two cases, the eSign step is not needed. You just need to upload the necessary income proof and your request will be placed:
- If you have submitted your consent to activate F&O while opening your Upstox account.
- If your segment activation request has been rejected previously and you wish to resubmit your request.
Click here to view the income proof documents that are required for activating your segment.
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