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Open Alice Blue Account (Alice Blue Account Opening Process, Documents and Charges)

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Alice Blue Account Opening Enquiry

Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.

Alice Blue Account Opening Charges 2024

Alice Blue account opening charges are Rs 150 for a trading account and Rs 0 for Demat account. Alice Blue charge Rs 400 AMC for Demat account.

Trading Account Opening ChargesRs 150
Account AMC ChargesRs 0
Demat Account Opening ChargesRs 0
Demat AMC (Yealy)Rs 400

Alice Blue is a SEBI registered financial service provider offering stock broker service since the year 2006. Alice Blue is a member of BSE, NSE, and MCX. Alice Blue offers its services online as well as through its 15 branches located across major cities.

Alice Blue is famous for its F15 brokerage plan. This discount brokerage plan offers brokerage free equity delivery trading. They charge flat Rs 15 per trade maximum brokerage for all other segments.

ANT (Analysis and Trade) is the flagship online trading platform offered by Alice Blue. ANT is built by TradeLab. TradeLab's trading platform is used by top share brokers like Zerodha and Religare. The ANT trading software's are user-friendly trading and research application which runs on desktop, browser and mobile devices. ANT is available for free to all its customers.

Facts about Alice Blue

  • Offering a range of financial services for over 12 years. In business since 2006.
  • Member of SEBI, BSE, NSE, MCX, and CDSL.
  • Well recognized brand in south India.
  • Strong presence in PAN India with 15+ branches and a strong network of sub-brokers.
  • Offer most advanced trading software (Trading Platform by Tradelab).

Product Offered by Alice Blue Financial Services

  • Online Trading
    • Equity Trading at BSE, NSE
    • Commodities Trading at MCX and NCDEX
    • Currency Trading at BSE
  • Depository Services (Demat Account)

Alice Blue Account Opening

You could open an account with Alice Blue in 3 simple ways:

  1. Online Account Opening (Instant Paperless Account)

    Instant online paperless account opening allows you to open trading and demat account in just a few minutes. This process is integrated with eKYC and Aadhaar. It doesn't require printing, signing or sending the paper forms to the broker.

    Steps of Instant Account Opening:

    1. Fill in your personal detail (PAN, DoB and Aadhaar Number)
    2. Validate your information pulled from KYC Database.
    3. Fill in your Bank Account detail. (Account Number and IFSC Code)
    4. Upload documents (Scanned)
    5. Pay account opening fee online.
    6. E-Sign your forms using Aadhaar OTP verification.

    If you have all the information and scanned documents in hand, the process takes just a few minutes. Once you submit the online form, it goes for a manual verification. If everything is fine, the account is opened the same working day.

  2. Visit Alice Blue Branch Offices

    Alice Blue has over 15 branches located across major cities. You could visit any of these branch offices and complete account opening process.

  3. Request Account Opening Forms

    If none of the above options work for you, it is suggested to call Alice Blue customer service to request for the account opening forms. You could fill these forms, sign them, attached required documents and send it to Alice Blue office address mentioned in the address.

Documents needed for account opening

For a retail individual account, following documents are required to open the trading and demat account:

  1. AADHAR Card
  2. PAN Card with photo
  3. Address Proof
  4. Latest Bank Statement with IFSC/MICR Code
  5. Canceled Cheque
  6. Passport Size Photo

Note that additional documents are required in case you would like to trade in derivative segments.

Check Account Opening Status

It takes up to 2 working days to open an account once the account opening application is submitted to the broker (online or offline). You can track your online application on the same online account opening website. In case you need further assistance, please call customer services or visit your branch.

Account Opening PDF Forms

Most people prefer to open an account online. It is a fast, paperless, error-free and convenient way to open the account.

If for some reason you cannot open an account online, you could open an account by downloading the PDF account opening form from its website. The sample form is also provided in the download section of the website for guidelines.

Alice Blue Account Opening PDF Forms can be downloaded from the following webpage:

Alice Blue Account Closure Form

Alice Blue offer trading and demat accounts. If you don't need these accounts, you could close them anytime.

Before you request the account closure, please ensure:

  1. Make sure that you don't have any holdings (shares or mutual funds) in your demat account.
  2. Close all open F&O positions in your trading account.
  3. Clear all dues with the broker.


  • The account cannot be closed online or through email or phone calls.
  • The physically signed application is required.
  • If there are multiple account holders on the account, each one has to sign on account closing form.

Steps to Close Alice Blue Account

  1. Download PDF 'Account Closure Form' from its website under section 'Download > Others'
  2. Print, fill and sign the account closure form.
  3. Attach a self-attested copy of your ledger.
  4. Attach the left out DP Slips, if any.
  5. Sent it to the Alice Blue office or submit it to your nearest branch.
  6. Get the receipt from the broker if you are submitting this request at a branch.


  • The application is processed within 3 days of the form receipt.
  • The balance fund (if any) is transferred to the designated account mentioned in the account closer form.
  • The account closure intimation and final statement of the accounts for the fund and demat holdings are sent to the client.

Note that follow-up for account closure is important. If you do not get confirmation in 15 days, contact the customer support to check the status.

Alice Blue Special Offer

Free Equity Delivery Trade

Trade brokerage-free equity delivery (truly no brokerage). Pay flat Rs 15 per trade for Intra-day and F&O. Open Instant Account online with Alice Blue and start trading today.

Frequently Asked Questions

  1. 1. How to open an Alice Blue account?

    You can open an Alice Blue account in the following ways;

    1. Visit the company's website and open an account using Aadhar and PAN card.
    2. Click here to fill an enquiry form and a company executive will contact you.
    3. Visit a Branch - Alice Blue has over 15 branches located across major cities. Visit any of these offices and complete the account opening process.
    4. Call Alice Blue's customer service desk and request the account opening forms. Fill these forms, sign them, attach the required documents and send them to the Alice Blue office address mentioned in the form.



  2. 2. How long does it take to open an account with Alice Blue?

    The online account can be opened instantly if you are eKYC complete and your Aadhaar is linked to correct phone number.

    In case of the signed paper forms sent to the broker, the account is opened in 24 hours once they receive the form. The account opening status can be checked online.



  3. 3. What all documents are required for account opening with Alice Blue?

    Following self-attested documents are required:

    • Aadhaar Card (Proof of Identity)
    • PAN Card (Proof of Identity)
    • Latest Bank Statement with IFSC/MICR code and address (Proof of Address)
    • Canceled Cheque (to link the bank account with the trading account)



  4. 4. Why does Alice Blue ask for a Power of Attorney (PoA) for the demat account?

    The PoA gives limited rights to Alice Blue to withdraw shares from your demat account to settle the sell transaction in your linked trading account. Without PoA, the broker cannot withdraw the shares from your demat account and thus cannot complete the sale transaction.

    Signing PoA is preferred but optional. If you do not wish to sign PoA, you will have to manually transfer the shares to the broker for settlement every time you sell the shares. This is done by submitting the paper delivery instruction slips (similar to cheque in a bank account).



  5. 5. Who can open an account with Alice Blue?

    All resident Indians and Non-Resident Indians (NRIs) can open an account with Alice Blue.



  6. 6. How do I know if my trading account is opened with Alice Blue?

    You will receive a welcome email and a call once your account is opened. This welcome email also has the credentials and instructions to login on to trading applications and back office.



  7. 7. Is there a minimum balance required in my Alice Blue trading account?

    No, there is no minimum balance required. You can move the money in your trading account as you need it and withdraw any additional cash in your trading account.



  8. 8. How to close Alice Blue Demat account?

    Demat account is a must for all investors who wants to do trading in the stock market. One person can keep up to 5 demat accounts. That account comes with own annual fees and maintenance charges. So it's wise to close any zero balance or inactive demat accounts.

    Steps to close demat account:

    1. To close the demat account; you need to fill the closure form. You can either download it from DP's website by clicking on Download--->Demat Account Closure Request Form or click here to get it.
    2. Print the form, fill it and submit it along with your id proof and address proof. You can submit those documents to the nearest branch or courier it to the mentioned address on the form.

    Things to do before submitting the form:

    1. The account holder should settle all payments before closing. Also, the account should not hold any securities. If there is any, they have to transfer in another demat account.
    2. If more than one person holding the demat account then all holders must sign the closure form.
    3. All unused DIS booklet should return to the DP.

    After submitting all the documents, it takes 7-10 working days to close the account. There are no charges associated with account closure.



  9. 9. How to close the Alice Blue account?

    You can close the Alice Blue account anytime if you are not using it. However, the Trading/Demat account cannot be closed online. You need to fill and submit a physical application form.

    Steps to Close your Alice Blue Account

    You need to clear the negative balance in your account (if any) and send the below documents to the Alice Blue branch:

    1. Account Closure Form(available on the Alice Blue website from the Downloads section at the bottom of the homepage)
    2. CMR (Client Master Report) and copy of the New/Target Demat Account(if applicable). (Depository seal and signature and the Clients signature is mandatory)
    3. Delivery Instruction Slip (DIS)(mandatory if there are any inactive scrips in the DP Account).

    Your account will be closed after a month post receipt of the application or the date of settlement of the accounts, whichever is later.



  10. 10. Is Alice Blue account opening free?

    No, Alice Blue charges a one-time Rs.150/- for opening a Demat and Trading account. The company also charges an AMC of Rs 400 towards the maintenance of the Demat account.

    Alice Blue offers Equity, F&O, Currency & Commodity trading services at BSE, NSE, and MCX.



  11. 11. Can I open only trading account in Alice Blue?

    No, you need to open both trading and Demat accounts together in Alice Blue.

    A Demat account is mandatory for Equity trading to take the delivery of stocks. The trading in F&O also requires a Demat account from October 2019 for the physical settlement of F&O stock contracts in case of any open delivery position on expiry.

    Alice Blue offers a 2-in-1 account to its customers where Demat and trading account are linked together for seamless trading.



Alice Blue Account Opening Enquiry

Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.

Information on this page was last updated on Thursday, November 23, 2023

Special Offer: Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.


2. shashi   I Like It. |Report Abuse|  Link|July 25, 2019 12:49:24 PMReply
I think your experience is bad with aliceblue. I am using upstox and really its wonderful. Their support team is also well. If you like to open then open in upstox here i am giving you direct account opening link -
1. ishan sharma   I Like It. |Report Abuse|  Link|May 8, 2019 1:12:53 PMReply
the service alice blue iw worse i opened ekyc accountbut i take 6days for it and after that they not active NSE CASH and ask POA COMPULSORY . they provide information that NSE CASH ativated on my account only after 15 days. ONly activate FNO . i dont think they are good service provider .