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Alice Blue FAQs (Frequently Asked Questions)


17.9% 147,637 Clients

Incorporated in 2006, Alice Blue is a Bangalore based discount stock broker offering stock and commodity trading services at BSE, NSE, and MCX. Alice Blue also offers depository service (demat account) through its membership with CDSL. AliceBlue offers one simple brokerage plans, Freedom 15 (F15) to its customers. The flat fee brokerage plan F15... Know more about Alice Blue Financial Services

Do you have questions about Alice Blue share trading account or Alice Blue Demat account?

Get all your share trading doubts and questions answered by reading the Alice Blue demat, trading account information FAQ. All Alice Blue questions, Alice Blue q&a, Alice Blue faq and Alice Blue questions and answers.

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 delete an Alice Blue account?

    You cannot delete the Alice Blue account, but you can always close the account.

    Steps to Close your Alice Blue Account

    You need to clear the negative balance in your account (if any) before initiating the account closure process.

    • Download the Account Closure Form from the Alice Blue website available in the Downloads section at the bottom of the homepage.
    • Fill in the account closure form with the required details and submit it to the Alice Blue branch office.
    • Attach CMR (Client Master Report) copy of the New/Target Demat Account if applicable. (required in case of transfer of existing securities to new account)
    • Attach Delivery Instruction Slip (DIS) if there are any inactive scrips in the DP Account.

     

     

  2. 2. How to change the bank account in Alice Blue?

    Steps to change bank account details in Alice Blue:

    • Visit the Alice Blue website and click on Login on the top right corner of the page.
    • Click on 'BOT' from the drop-down menu. You will be redirected to a new page.
    • Log in with your credentials.
    • Once you are logged in, click on 'My Profile' on the left-hand side menu.
    • Select Bank Details and Click on Request Bank Modification.
    • Upload the image of your Cheque with the IFSC Code & MICR Code. New bank details will be updated in 24 hrs.

     

     

  3. 3. How to add a bank account in Alice Blue?

    The process to add or change the bank account details in your Alice Blue account is the same.

    Steps to add bank account details in Alice Blue:

    • Visit the Alice Blue website and click on Login on the top right corner of the page.
    • Click on 'BOT' from the drop-down menu. You will be redirected to a new page.
    • Log in with your credentials.
    • Once you log in, click on 'My Profile' on the left-hand side menu.
    • Select Bank Details and Click on Request Bank Modification.
    • Upload the image of your Cheque with the IFSC Code & MICR Code. New bank details get updated in 24 hrs.

     

     

  4. 4. How to add indices in Alice Blue?

    If you have opened an Equity trading account with Alice Blue, you already have access to both BSE and NSE indices.

    To trade on MCX, you will have to add a new commodity segment to your Alice Blue account, if you have not already done so during the account opening. To add a new segment, you will have to contact an Alice Blue branch and tell them that you want to activate a new segment. The branch personnel will then send you a payment link. You can now pay for the new segment activation using that link. The broker will then send a request to the exchange and your new segment gets activated.

     

     

  5. 5. How to add funds in Alice Blue?

    You can add funds to your Alice Blue trading account using the 'ANT Desk' desktop trading software by following below steps:

    1. Log in to the ANT Desk platform using your client code and password.
    2. You can select the Pay-inoption under the Funds section on the top of the page.
    3. A payment window opens up where you can choose the payment gateway or bank and the segment (Equity/Debt/Currency/Commodity) for transfer funds.
    4. Type in the amount. You will be redirected to the payment gateway or bank page to complete the fund transfer process.

    Alice Blue has also introduced the UPI Fund transfer option. To transfer the funds using the UPI option, you need to login to the Client Back Office through your web browser or download and login to the BOT mobile app available on Google Play Store.

    Steps to transfer fund using UPI Fund Transfer option

    1. Select the 'Online Payment' from the menu button and click on UPI Option.
    2. Click on 'Update UPI ID' and add your UPI ID linked to your Trading Bank Account.
    3. After adding the UPI ID, you can make your fund transfer by selecting the desired segment and entering the amount you prefer.
    4. Go to your preferred UPI mobile app and authorize your payments.

     

     

  6. 6. How to close Alice Blue account?

    Alice Blue account can be closed online by submitting the account closure request using the Alice Blue Backoffice (BOT) website. However, before initiating the account closure request ensure to clear any outstanding dues and transfer securities to another Demat account, if any.

    Steps to close Alice Blue account:

    1. Visit Aliceblue Backoffice website (BOT).
    2. Click on your Client ID displayed on the top right-side menu.
    3. Look for Account Closure from the menu.
    4. Click on Request for Account Survey.
    5. Fill the survey form with the reason for closing the account.
    6. Select whether the account closure is temporary or permanent.
    7. Upload the filled and signed account closure form.
    8. Click on 'Request for account closure' to confirm the request.

     

     

  7. 7. How to open Alice Blue account online?

    Alice Blue offers a paperless and fully digital account opening facility.

    Steps to open an Alice Blue account online:

    1. Visit the Alice Blue Account Opening website.
    2. Click on the open an account button.
    3. Provide your Name, Email ID, Mobile No. and State and click on validate.
    4. Enter the OTP received on your mobile no. and Email ID to validate the respective data.
    5. Enter the PAN No. and Date of Birth.
    6. Provide your bank details like Bank account No. and IFSC Code.
    7. Upload income proof if you wish to trade in the Derivatives segment.
    8. Provide personal and financial details as per below:
      • Fathers and Mothers Name
      • Gender
      • Marital Status
      • Education
      • Occupation
      • Annual Income
      • Net worth
      • Trading Experience
      • Commodity Trade classification
      • Select frequency of ledger statement - Monthly or quarterly
      • Add Nominee (optional and can be added later)
    9. Upload image of your signature.
    10. Select Demat preference as E-DIS or POA and brokerage plan.
    11. Upload your live photo.
    12. Pay the account opening fees.
    13. Preview the filled information and click on Continue E Sign.
    14. Complete the E-sign process based on Aadhar linked mobile no.

    Alice Blue Demat account gets activated within 1-2 days of form submission. You can track the account opening on the Alice Blue Account Opening Tracker site.

     

     

FAQs

  1. What is AMC for Alice Blue?

    Alice Blue charges Rs 0 Annual Maintenance Charge (AMC) for a trading account and Rs 400 for a Demat account. AMC is charged to maintain the accounts.

  2. How much Alice Blue charge for delivery?

    Alice Blue charge Rs 0 (Free) for equity delivery trade. These trades are also known as cash & carry trades or CNC.

  3. How much Alice Blue charge for intraday?

    Alice Blue charge Rs 15 per order or 0.01% whichever is lower for intra-day trades. These orders are also known as Margin Intraday Square-up or MIS orders. All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades.

  4. 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.
  5. How much Alice Blue charge for futures?

    Alice Blue charge Rs 15 per order or 0.01% whichever is lower for equity, currency and commodity futures trading.

  6. How much Alice Blue charge for options?

    Alice Blue charges Rs 15 per order for equity, currency and commodity options trading. Options are highly leveraged derivative products. Options trading is used in many ways including hedging or to reduce the risk exposure of the portfolio.

  7. How much Alice Blue charge for commodity?

    Alice Blue brokerage charges for commodity futures is Rs 15 per order or 0.01% whichever is lower and commodity options is Rs 15 per order. Commodities futures are agreements to buy or sell raw material (food, energy or metal) at a specific date in the future at a particular price. Commodity options contracts are the right to buy (call option) or sell (put option) underlying commodity futures at predetermined prices on the date of contract expiry.

  8. How much Alice Blue charge for currency trading?

    Alice Blue charge Rs 15 per order or 0.01% whichever is lower for currency futures trading and Rs 15 per order for currency options trading.

  9. What are transaction charges in Alice Blue?

    Transaction Charges (or Exchange Turnover Charges) is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing charges to it. These charges can be seen in the contract note.

    Alice Blue Transaction Charges 2022
    SegmentTransaction Fee
    Equity DeliveryNSE Rs 325 per Cr (0.00325%) | BSE Rs 1 per trade (each side)
    Equity IntradayNSE Rs 325 per Cr (0.00325%) | BSE Rs 1 per trade (each side)
    Equity FuturesNSE Rs 210 per Cr (0.0021%) | BSE Rs 1 per trade (each side)
    Equity OptionsNSE Rs 5300 per Cr (0.053%) | BSE Rs 1 per trade (each side)
    Currency FuturesNSE Rs 135 per Cr (0.00135%)
    Currency OptionsNSE Rs 4400 per Cr (0.044%) (on premium)
    CommodityNon-Agri Rs 360 per Cr (0.0036%) | Agri Rs 275 per Cr (0.00275%)
  10. 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.
  11. Can I apply for an IPO through Alice Blue?

    No. Alice Blue doesn't offer online IPO applications to its customers. You could still invest in IPO using net-banking of the bank you have a bank account with.

  12. Does Alice Blue offers Mutual Funds?

    Yes. You can buy/sell Mutual Funds if you have an account with Alice Blue.

  13. Do Alice Blue offer margin funding for share/commodity trading?

    No. Alice Blue doesn't provide margin funding.

  14. What is Alice Blue intraday auto square-off time?

    Alice Blue auto square-off all open intraday positions at Equity: 3:15PM.

  15. Does Alice Blue provide trading tips or investment strategies?

    No. Alice Blue doesn't provide trading tips for stock and commodity trading to its customers.

Information on this page was last updated on Sunday, December 5, 2021


1 Comments

1. Watch  Dec 16, 2019 3:50:32 PM I Like It. | Report Abuse Reply
Is there any charges for equity intraday auto square off at 3:15 pm if i forgot to square off manually will i have to pay for auto square off for my trades?