Complaint against Upstox
Raushan
Sitamarhi · filed 18d ago
Type
Service Deficiency
Place
Bihar
Published
21 October 2026
Complaint Details
I am filing a complaint against Upstox regarding unexplained charges and difficulty in closing my trading and Demat accounts. I have never executed a single trade through my Upstox account. However, my account showed an opening negative balance of ₹61.43 and unpaid charges of ₹354, resulting in a total negative balance of ₹415.43. I request a detailed explanation and itemized statement of these charges, including the dates and reasons for their application. I also request an investigation into whether these charges were correctly applied and a refund of any unjustified amount. I want to permanently close my trading and Demat accounts, but I am facing difficulties because of the negative balance. I request assistance in resolving the disputed charges and completing the account closure process without unreasonable difficulty. Please investigate this matter, provide a fair resolution, and communicate the outcome in writing.
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