I want to trade in currency derivatives please share me the process. Do I have to provide any undertaking.
@Ushnota Could anybody from upstox reply on this…
Hi @Arvin720,
To submit the declaration and reactivating the Currency Segment on your Upstox account:
Step 1: Log in to the Upstox app using your 6-digit PIN or biometric authentication.
Step 2: Tap on ‘Account’ located at the bottom of the screen.
Step 3: Select ‘My Account’ from the menu options
Step 4: Choose ‘Profile’ to access your profile settings.
Step 5: Navigate to the option labelled ‘Declaration for Currency Segment’.
Step 6: Proceed by clicking on ‘Continue’ to initiate the submission of the Declaration required for trading in the Currency Derivatives Segment.
Step 7: Click on ‘eSign’ for Currency Derivatives Reactivation to authenticate your submission electronically.
Step 8: Agree to the ‘Terms of Service’ by checking the designated checkbox.
Step 9: Enter your Aadhaar number or VID associated with your account.
Step 10: Input the OTP sent to your Aadhaar-registered mobile number for verification purposes.
Step 11: Upon successful verification, your request to submit the Declaration for the Currency Segment will be processed.
Your Currency Segment will become operational within the next 24 hours following the submission of the declaration. Also, do read this important update regarding a circular issued by the RBI on 5 January 2024: Important update: Changes in currency trading - Upstox
Hope this helps.