Upstox Charges 2026 - Brokerage, MTF, AMC & DP Fees
Upstox (Flat-fee discount broker backed by Ratan Tata) charges ₹20/order or 2.5% (whichever is lower) on equity delivery, ₹20/trade or 0.05% (lower) on intraday and ₹20/trade on F&O. MTF interest is ~18.25% p.a. and AMC is ₹150/year. Best for: Active traders wanting speed + good API access.
Charges verified March 2026. Live per-stock MTF rates: /mtf.
Upstox charges at a glance
| Charge | Upstox |
|---|---|
| Equity delivery brokerage | ₹20/order or 2.5% (whichever is lower) |
| Intraday brokerage | ₹20/trade or 0.05% (lower) |
| F&O brokerage | ₹20/trade |
| MTF interest (per annum) | ~18.25% p.a. |
| AMC (account maintenance) | ₹150/year |
Is Upstox safe?
Yes - Upstox is a SEBI-registered stockbroker and depository participant. Your shares are held in your own demat account with NSDL/CDSL, not with the broker, so they are safe even if the broker has issues. Equity trades are covered by the exchanges' investor protection funds. As with any broker, enable two-factor authentication and check your contract notes.
Pros
- Flat ₹20 pricing across all segments
- Fast Upstox Pro Web + Mobile app
- Public Upstox V3 API - best among discount brokers
- Backed by Ratan Tata, Tiger Global
Cons
- Delivery is ₹20/order (free only for pre-Aug-2021 accounts)
- ₹150 AMC (vs free on some)
- No call-and-trade included
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