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17.18% 146,732 Clients
Incorporated in 2006, Alice Blue Financial Services is a Bangalore based financial enabler. Alice Blue is primarily into the brokerage business. It offers stock and commodity trading services at BSE, NSE, and MCX. Trading is offered online, offline in branches and through centralized call & trade desk.
Alice Blue is also a depository participant with Central Depository Services (India) Limited (CDSL). Through its CDSL membership, Alice Blue offers the Demat Account and its related services.
Alice Blue offers a 2-in-1 account to its customers. This includes a demat account and a trading account linked together for seamless transactions of shares between these two accounts.
Depository Services (Demat Account) is a key offering by Alice Blue. Customer needs a demat account to trade/invest in the stock market and mutual funds. Demat account allows its customer to hold shares of the company in electronic format.
The Alice Blue demat account offers a safe, secure and hassle-free investment in Shares, Mutual Funds, IPOs, Bonds, NCDs etc. A demat account is similar to a bank account where customer holds shares, mutual funds, bonds etc in digital format.
Alice Blue is the depository participant (DP) of CDSL. CDSL is among the two designated depositories in India.
The customer actually open the demat account with CDSL through Alice Blue. CDSL actually hold the securities in the demat account. DP's like Alice Blue are their members to service the demat. DP's take fee from the customers for servicing the demat account. CDSL also charges a fee on each demat account transaction.
Alice Blue Financial Services DP Membership Info:
To open a new Demat account with Alice Blue, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.
| Service | Charges |
|---|---|
| Demat Account Opening Fee | Rs 0 |
| Demat Account Annual Charges (AMC) | Rs 400 |
|
ID |
Transaction |
Charges |
|
1 |
Demat Account Opening Charges |
Rs 0 |
|
2 |
PoA Stamp Charges payable upfront (included with account opening charges) |
Rs 150 |
|
3 |
Annual Maintenance Charges (AMC): |
|
|
a. Individuals |
Rs 400 yearly |
|
|
b. Corporate |
Rs 400 yearly |
|
|
4 |
Transaction Charges per ISIN (Market Trades): |
|
|
a. Buy (Receive) |
Rs 0 |
|
|
b. Sell(Debit) |
Rs 15 flat for every debit transaction |
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|
5 |
Inter Depository Transfer (Off-Market Trades): |
|
|
a. Buy (Receive) |
NIL |
|
|
b. Sell(Debit) |
0.04% or Rs 25 whichever is higher |
|
|
6 |
Demat (Per certificate) |
Rs 10 per certificate + Rs 50 per request |
|
7 |
Remat (Per ISIN) |
Rs 30 (Per certificate) + CDSL Charges |
|
8 |
Courier charges per Demat/ Remat request |
Rs 100 |
|
9 |
Pledge per ISIN |
Rs 20 + Rs 12 per request (CDSL Charges) |
|
10 |
Unpledge per ISIN |
Rs 20 + Rs 12 per request (CDSL Charges) |
|
11 |
Pledge Invocation per ISIN |
Rs 20 |
|
12 |
Periodic Statement: |
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a. By Email |
Free |
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b. Physical |
Rs 0 per request |
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13 |
Adhoc / Non Periodic Statement Requests: |
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a. By Email |
Rs 0 per request |
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b. Physical |
Rs 0 per request |
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14 |
Delivery Instructions: |
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a. First Delivery Instruction Book |
Rs 100 (10 leaves) |
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b. Every Additional Booklet |
Rs 100 (10 leaves) |
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15 |
Cheque Bounce/ Per cheque |
Rs 500 |
|
16 |
Failed Transactions |
Rs 50 per ISIN |
|
17 |
Modification in CML |
Rs 0 Per request |
|
18 |
KRA Upload / Download |
Rs 0 Per request |
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.
Similar to a bank account, a demat account is to keep shares, mutual funds, bonds, NCD's and other such securities in electronic form.
CDSL and NSDL are two government-approved depository service providers in India. The brokers are members (also known as depository participants or DP) of these two depositories.
Demat account offers easy and convenient trading and investments in the stock market. It also reduces the risk of losing paper share certificates. The transfer of shares between your trading account and the demat account is electronic and fast.
Alice blue charges Rs 400 per year AMC for the demat account. They have stopped offering Lifetime FREE AMC Demat Account from April 2020.
Depository Participants like Alice Blue charge Annual Maintenance Charges (AMC) from the customer to service the demat account. This is charged irrespective to you do any transaction or not. AMC is a fixed yearly fee customer has to pay to keep the demat account active. This Demat AMC ranges from Rs 300 a year to Rs 1200 a year based on the DP service provider.
No. For traders who are planning to trade only in F&O (Equity, Commodity or Currency), the demat account is not required.
The linked banked account is used to directly deposit dividends in the bank account. It is mandatory to provide your bank account information at the time of demat account opening.
Note that the demat account can only hold securities (shares). It cannot hold money. The dividend is paid in the money which is deposited into the linked bank account.
The customer can change the bank account linked to the demat account anytime by submitting a request.
An Individual (adult or minor), Corporate, Partnership Firm, Trust, HUF, Unincorporated Association or a Body of Individuals, Banks/Institutional Investors, Foreign Institutional Investors (FII), Army/Government Bodies and Registered Society.
Yes, you could open a minor demat account. In the case of a Minor Account (Demat or Trading Account), the legal guardian (either of the parents) has to be appointed. The documentation of the guardian has to be provided at the time of account opening.
Yes, you can open joint demat account with Alice Blue. A joint demat account can be opened with 2 or 3 joint holders.
Simply submit a written request of the change to Alice Blue. Attach the proof of changes with the request. For example, in the case of the change in address, provide address proof.
The nomination works in the same way as the nomination in a bank account. Here are key points:
You could make your wife nominee at the time of account opening or at any later point of time. The nomination process is simple. Here are the steps to make nominee:
You can open a Trading and a Demat Account online if your Mobile number is linked to your Aadhar card
Follow the simple process given below:
Information on this page was last updated on Sunday, December 5, 2021
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