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Alice Blue Demat Account Charges, Review, Opening

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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 Demat Account

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:

CDLS - SEBI Registration Number: IN-DP-364-2018
CDSL - AliceBlue CDSL DP ID: 12085300

10 Reasons to open Demat Account with Alice Blue

Zero Account opening charges.
Corporate benefits like dividends, bonus, interest etc directly deposited in your demat.
Manage your demat account online. 24*7 through back office portal BOT.
Visit one of the 15+ branches to get services related to the demat account.
Basic Service Demat Account (BSDA) is available for holding a value up to Rs 50,000.
Invest online in Equity, MFs, Corporate FDs, and Insurance etc.
Online trading is available at BSE, NSE, and MCX.
Free research-based analysis and dedicated relationship manager to all the customers.
Offers the ability to freeze the demat account.

Alice Blue Demat Account Opening Charges

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

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

Alice Blue Demat Charges

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
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:
	a. By Email	Free
	b. Physical	Rs 0 per request
13	Adhoc / Non Periodic Statement Requests:
	a. By Email	Rs 0 per request
	b. Physical	Rs 0 per request
14	Delivery Instructions:
	a. First Delivery Instruction Book	Rs 100 (10 leaves)
	b. Every Additional Booklet	Rs 100 (10 leaves)
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

Alice Blue Special Offer

Free Equity Delivery Trade + FREE Account Opening

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

Frequently Asked Questions

1. What is a Demat Account with Alice Blue?

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.

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2. What is Lifetime FREE AMC Demat Account with Alice Blue?

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.

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3. Is it mandatory to open a demat account along with a trading account with Alice Blue?

No. For traders who are planning to trade only in F&O (Equity, Commodity or Currency), the demat account is not required.

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4. Why my bank account is linked to my demat account in Alice Blue?

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.

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5. Who can open a demat account with Alice Blue?

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.

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6. Can I open Minor Demat Account with Alice Blue?

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.

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7. Can I open a joint demat account with Alice Blue?

Yes, you can open joint demat account with Alice Blue. A joint demat account can be opened with 2 or 3 joint holders.

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8. How do I change my personal information in Alice Blue demat account?

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.

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9. How does nomination work on my Alice Blue demat account?
The nomination works in the same way as the nomination in a bank account. Here are key points:
- Nomination facility is available to individual demat accounts only. This facility is not available to non-individual accounts i.e. corporate, partnership firm etc.
- The nomination is available in joint demat accounts also. In case of the death of one holder, the ownership is transferred to the surviving partner. When all holders are dead, it is transferred to the nominee in the account.
- Only individuals can be the nominee.
- A minor cannot be a nominee.
- Only one nominee is allowed per demat account.
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10. How do I nominate my wife in my Alice Blue demat account?
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:
1. Download, print and fill the demat account nomination form.
2. Sign the nomination form.
3. Fill nominee information (name, contact info etc.) and get signature from her.
4. Send the form to Alice Blue office.
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11. How to open a Demat account in Alice Blue?
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:
- Visit the Alice Blue website.
- Fill in your Name, Email, Mobile Number, and State and click on Open an Account.
- Fill in your PAN Card details and Date of Birth.
- Select the products you want to trade and make a payment of Rs 500.
- Enter your permanent address details.
- Link your bank account to the trading account.
- Enter your personal and financial details.
- Upload account opening documents as mentioned on the page.
- Select the Demat Profile and Brokerage Plan.
- Provide an IPV (In-person verification) by showing your PAN towards the camera along with your face.
- E-sign the documents by verifying your Aadhaar using your Mobile Number.
- Your account will be activated within 24 hours.
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