Free Trading + Demat Account

Alice Blue Demat Account Charges, Review, Opening


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

  1. Zero Account opening charges.
  2. Lifetime FREE AMC Demat Account with no additional fee/deposit.
  3. Corporate benefits like dividends, bonus, interest etc directly deposited in your demat.
  4. Manage your demat account online. 24*7 through back office portal BOT.
  5. Visit one of the 15+ branches to get services related to the demat account.
  6. Basic Service Demat Account (BSDA) is available for holding a value up to Rs 50,000.
  7. Invest online in Equity, MFs, Corporate FDs, and Insurance etc.
  8. Online trading is available at BSE, NSE, and MCX.
  9. Free research-based analysis and dedicated relationship manager to all the customers.
  10. Offers the ability to freeze the demat account.

Alice Blue Demat Acct Opening Fee

To open a new demat account with Alice Blue, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Alice Blue Demat Account Opening Charges and Alice Blue AMC as below:

  • Alice Blue DP Account Opening Fee: ₹0
  • Alice Blue DP Account AMC: ₹0
  • Share Debit Transaction Fee: ₹9.5+ ₹5.5 (CDSL charges)
  • Is demat account mandatory?: No

Alice Blue Demat Account Charges

Alice Blue Demat Charges

ID

Transaction

Charges

1

Demat Account Opening Charges

₹0

2

PoA Stamp Charges payable upfront (included with account opening charges)

₹150

3

Annual Maintenance Charges (AMC):

 

a. Individuals

₹0 (Free for life)

 

b. Corporate

₹0 (Free for life)

4

Transaction Charges per ISIN (Market Trades):

 

a. Buy (Receive)

₹0

 

b. Sell(Debit)

₹15 flat for every debit transaction

5

Inter Depository Transfer (Off-Market Trades):

 

a. Buy (Receive)

NIL

 

b. Sell(Debit)

0.04% or ₹25 whichever is higher

6

Demat (Per certificate)

₹10 per certificate + ₹50 per request

7

Remat (Per ISIN)

₹30 (Per certificate) + CDSL Charges

8

Courier charges per Demat/ Remat request

₹100

9

Pledge per ISIN

₹20 + ₹12 per request (CDSL Charges)

10

Unpledge per ISIN

₹20 + ₹12 per request (CDSL Charges)

11

Pledge Invocation per ISIN

₹20

12

Periodic Statement:

 

a. By Email

Free

 

b. Physical

₹0 per request

13

Adhoc / Non Periodic Statement Requests:

 

a. By Email

₹0 per request

 

b. Physical

₹0 per request

14

Delivery Instructions:

 

a. First Delivery Instruction Book

₹100 (10 leaves)

 

b. Every Additional Booklet

₹100 (10 leaves)

15

Cheque Bounce/ Per cheque

₹500

16

Failed Transactions

₹50 per ISIN

17

Modification in CML

₹0 Per request

18

KRA Upload / Download

₹0 Per request

FAQ's

  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.

    Discuss this question

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

    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 have 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.

    Alice Blue Lifetime Zero AMC Demat Account is the key offering from the broker. Alice blue doesn't charge any AMC fee from its customers. The AMC is totally free for all the customers. There is also no one-time fee or deposit needed at the time of account opening.

    This is highly recommended demat account type as it saves you from the hassle of paying AMC every year.

    Note that though the Demat AMC and account opening is free with Alice Blue, customers still have to pay transaction charges and taxes to the broker. The fee structure is provided above.

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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.

    Discuss this question

  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.

    Discuss this question

Information about Alice Blue demat account, Alice Blue demat account review, Alice Blue demat account charges, Alice Blue demat account opening, Alice Blue dp charges, Alice Blue demat charges, and Alice Blue dp id.

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Information on this page was last updated on Thursday, November 1, 2018


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