Afternoon D & C Dedicated To Mumbai
Home > Business > Upstox launches electronic delivery instruction slip facility

Upstox launches electronic delivery instruction slip facility

Thursday, July 12, 2018

Upstox (formerly RKSV Securities), the online discount brokerage firm funded by Ratan Tata, Kalaari Capital and GVK Davix, has become the first broker to implement an electronic delivery instruction slip (e-DIS) facility which will enable clients to complete paperwork online while opening an account.

The e-DIS facility is applicable only for delivery trades and not intraday orders. The clients can sell up to Rs 20 lakh of shares per day using e-DIS. The facility is currently available only on the Upstox web, Android, iOS platform.

E-DIS facility will enable the clients to trade on the go thus ensuring increased accessibility and enhanced client experience. Elaborating on the advantages of e-DIS Ravi Kumar, Co-Founder and Chief Executive Officer (CEO) of Upstox said “With the e-DIS technology, we hope to scale up and reach more and more people who can invest in various financial instruments and book their profits without having to even courier a single piece of paper! We hope to see about 2X growth in our performance overall in light of the recent updates to our customer on-boarding processes. “

As the trading process is becoming completely electronic, security breach is a major concern for both brokers and clients. In order to ensure complete safety and seamless transaction experience, Upstox has added an additional layer of security through an OTP-based authentication process.

Shrini Viswanath, Co-Founder and Chief Technology Officer (CTO) of Upstox, assures, “We have ensured that e-DIS is completely secure through an OTP-based authentication process. Clients can sell their holdings with their brokers with an OTP confirmation that's just as valid and legal as
the DIS.”

No Comments Posted
City news
Even before the two estranged saffron allies deci
Gang robbing heavy vehicles busted by Property Ce
While the common tax payer is always on ...
We have a baby who will be two years next month.
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You are likely to remain careful and watchful today, foretells Ganesha. And because you'll be invited to parties and other social events, your enthusiasm will remain buoyant. You will also strike the right balance between business and pleasure, says Ganesha.
- Advertising -
Women play a major role in keeping traditional Ko
The school dropout rate among Muslim girls has re
Winter is setting in and with high pollution leve
Read More