Alice Blue Demat Account Charges, Review, Opening

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.

Alice Blue Demat Charges

Alice Blue trading and demat account opening charges are Rs 200. Alice Blue charges Rs 400 demat account AMC. Alice Blue demat debit transaction charge of 0.04% of the value of the transaction (minimum ₹20) per debit transaction.

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

   Alice Blue Demat account can be opened online or offline. Alice Blue charges a one-time account opening charge of Rs 150 and Rs 400 per annum towards the maintenance of the Demat account.

   Steps to open an Alice Blue Demat account online

   1. Visit the Alice Blue Account Opening website.
   2. Provide your full name, Email, Mobile No. and State to register with Alice Blue.
   3. Validate the Mobile no. and Email id by entering the OTP received at respective locations.
   4. Enter your PAN details and Date of birth.
   5. Provide your bank details, personal and financial details.
   6. Upload the image of your signature on white paper and your live photo.
   7. Pay the account opening fees.
   8. Complete the E-sign process.

   You can also check your Demat account opening status on the Alice Blue BOT site.

   Steps to open an Alice Blue Demat account Offline

   1. Go to the Downloads section on the Alice Blue website.
   2. Click on the Account Opening tab.
   3. Download the KYC Form - Individual.
   4. Print, and fill the form with the required details
   5. Self-attest and attach a copy of identity, address, and bank proof documents
   6. Send the form to Alice Blue Corporate office.

    

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2. 2. 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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3. 3. 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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4. 4. 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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5. 5. 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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6. 6. 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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7. 7. 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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8. 8. 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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9. 9. 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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10. 10. 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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11. 11. 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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12. 12. 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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13. 13. What is BO ID in Alice Blue?

    The BOID (Beneficial Owner Identification Number) in Alice Blue is the customer's unique 16-digit Demat account number that consists of 8 digits DP ID and 8 digits Client ID.

    Alice Blue is a member of the CDSL depository that has 8- digit numeric DP ID. The DP ID for Alice Blue is 12085300 that would remain the same for all Alice Blue customers and, the remaining 8-digits is a unique client ID assigned to each customer.

    You can find your BOID number under the 'My Account' section in the 'Alice Blue BOT' website.

     

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14. 14. Where is BOID in Alice Blue?

    The BOID in Alice gets displayed under your Account Profile in the Alice Blue back-office application. Alice Blue BOID is a 16-digit Demat account number assigned to the customer at the time of Demat account opening.

    Steps to find your BOID in Alice Blue:

    1. Visit Alice Blue BOT application.
    2. Log in with your Client ID and Password
    3. Click on 'My Account' under Account Profile
    4. Go to KYC info to view your Demat details.

     

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15. 15. What is TPIN in Alice Blue?

    TPIN in Alice Blue is an online facility offered to investors that allow them to authorize brokers to debit the shares from the Demat account in case of sell trades.

    TPIN is a newly introduced e-DIS verification process initiated by CDSL to replace the PoA (Power of Attorney) concept. TPIN is a six-digit PIN sent by CDSL to the investor via SMS and email for verification of the stocks and is valid for a day.

     

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16. 16. How to configure TPIN in Alice Blue?

    TPIN is required to execute sell orders while trading. TPIN in Alice Blue is sent by CDSL on your registered email and mobile number.

    Steps to configure TPIN in Alice Blue:

    1. Login to your Alice Blue ANT account.
    2. Click on the profile icon.
    3. From the dropdown, click on your account ID.
    4. Click on 'Change TPIN' that redirects to the CDSL site.
    5. Enter your 16-digit Demat account number and PAN number.
    6. Click on 'Next'
    7. Enter the OTP received on your mobile and confirm.
    8. You will receive a new TPIN on your registered mobile number and email id.

     

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17. 17. How to generate TPIN in Alice Blue?

    You can generate TPIN in Alice Blue online through the Alice Blue trading platform or directly from the CDSL website.

    Steps to generate TPIN in Alice Blue:

    1. Login to your Alice blue account.
    2. Click on your account ID under the profile icon.
    3. Click on the 'Generate TPIN' button that redirects you to the CDSL website.
    4. Enter your BOID and PAN number and click on Next.
    5. Provide the OTP received on your mobile number.

    The generated TPIN gets sent to your registered mobile number and email address. TPIN is a password required to authorize the selling of equities from your Demat account.

     

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