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Alice Blue Account Open Online Process, Forms and Fees
Alice Blue Track Record Of Best Online Stock Broker In India
Alice Blue Account Opening, Charges and Procedure
Alice blue is a discount broker which was established in 2006 with a motive of providing world class broking services with highest returns at the lowest possible cost. The organization’s aim is to give most advanced online trading without compromising with the customer’s experience. Being a reputed SEBI registered financial service provider, the organization has gained its name in the trading market. Services from Alice Blue can be availed either online or by visiting its 15 branches which are spread over the major cities of the country.
Alice blue is a reputed member of stock exchanges like; BSE, NSE and MCX. In order to enhance the customer experience, the organization provides its flagship online trading platform free to all its customers. This software is not only user friendly, but also specifically optimised for desktop, browser and mobile devices. In addition, the software consumes less data and is designed to work smoothly even on slow internet speed.
Alice Blue provides various services that includes trading in Equity, Commodity and Currency along with the Depository services (Demat account). In order to start trading with Alice blue, the customer needs to hold a demat or trading account with Alice blue.
Documents required to open an account in Alice Blue
Following documents are required to open an account.
1. Aadhar card.
2. PAN card.
3. Latest bank statement with IFSC/MICR code and address.
4. Cancelled cheque.
5. Address Proof.
6. Passport size photo.
If you are opting for an online account opening procedure, then you are required to upload scanned copies of above listed documents at the time of filling an online application form.
If you are opting for an offline account opening procedure, you need to attach self-attested copies of above listed documents with the application form.
Alice blue account opening procedure:
Alice blue gives you the flexibility to open the account in 3 ways
Online Account Opening: It’s the most convenient way for opening Demat and trading accounts, which involves no paperwork and highly saves time. You can open your account within a few minutes with the help of eKYC and Aadhar integrated processes. Steps involved in the process are as follow:
i. Fill in the personal details like (PAN, Aadhar number etc.).
ii. Validate the personal information.
iii. Provide bank details including account number and IFSC.
iv. Upload the scanned copy of the documents.
v. Pay the account opening fees.
vi. Virtually sign your form and verify it through Aadhar OTP.
Offline Method: With the help of the 15 branches which are spread over the country, clients can visit them and get their account opened.
Request Account Opening Forms: Another option which can be used is to get in contact with Alice Blue customer service and request for an account opening form. By filling, signing and attaching all the appropriate documents, you can get your account opened just by sending the documents through postal service to the nearest branch.
Alice Blue Account Opening Charges:
Trading Account Opening Charges
Account AMC Charges
Demat Account Opening Charges
Demat AMC (Yearly)
• In case, if you wish to open either trading account or demat account with Alice blue then account opening charge and AMC remains same as above.
• No annual maintenance charge (AMC) for the first year of account opening. AMC is applicable from second year onwards.
Frequently Asked Questions
Demat account opening under Alice Blue is completely free.
Yes, you can place NRML orders in Alice blue.
MTM refers to Market-To-Market margin which covers the daily difference between the price of contract and its closing price on the day of purchase.
Certainly, Minor Demat Account can be opened with Alice Blue. In this case a legal guardian has to be appointed. Documents of legal guardians are required at the time of opening an account.
Yes, Alice Blue is a trusted stock broker. They have a big list of items to offer, and they serve their customer in most customer friendly manner.
There is no minimum balance requirement in Alice Blue trading account. Clients can add money in a trading account according to their need and extra money can be withdrawn as per the wish of the account holder.
Alice Blue has over 17 branches and 1000’s of franchise offices across India.
Soft copy of following documents are required in order to open an online account with Aliceblue: i. ID proof (PAN card) ii. Address proof (Aadhar card/Voter ID/Passport) iii. Passport size photo iv. Scanned signature v. Income proof (Bank statement of last 6 months/ ITR/ Last three months’ salary slip)
Alice Blue helpline number is 080-61575500/22174600.
No, it does not provide trading service on forex.
Yes, Alice Blue offers direct Mutual Funds through a dedicated online platform. There is no commission or brokerage charge on Mutual Funds.
Investing in Smallcase will attract a one-time flat fee of ₹ 100, apart from that usual brokerage charges will be applicable per transaction.
Basic Service Demat Account (BSDA) is a special category of Demat account which can be opened / held only by individual investors. It is available for holding a value up to Rs.50,000.
IPV refers to In-Person Verification, where the documents and client has to get verified by the broker personally while opening a trading and demat account. IPV can be done either through mobile Or Web camera. A video has to be recorded showing valid ID proof and client’s face during IPV process.
The size of file should be less than 5MB in JPEG, PDF or PNG format.
No, it does not provide any free tips.
eSign refers to digital signature. If client’s Aadhar card is linked with his mobile number, then he can virtually sign the documents through OTP.
No, it does not provide live market notifications and news.
The brokerage of Zerodha Max Rs.20 per trade while the brokerage of Alice Blue Max Rs.15 per order. Both the brokers are discount Brokers. Alice Blue provides more margin as compared to Zerodha.
It is a limited level of permission given to the firm by the traders in order to debit shares from the Demat account of trader whenever shares are sold. If a client is not willing to provide POA, then shares can be sold using CDSL TPIN mode. But this restricts the sell transaction to maximum of ₹ 1 crore per day. Moreover, it will result in limiting off-market transfer to ₹2 lakh per scrip and overall, ₹10 lakh per day. If the portfolio is above ₹ 1 crore and the client wish to sell more than ₹ 1 crore of stocks from his holdings in a day, he must provide POA.
Alice Blue does not provide a demo trading account.
No, it does not provide 3-in-1 account service.
It offers more than 15 additional products worth ₹ 3000 free of cost to enhance your trading experience.
Yes, it does provide combined ledger for both segments.
Transaction password is the password used while placing orders.
Yes, Alice Blue allows to trade in commodity.
Alice blue was incorporated in 2006 and is the fastest growing firm. It is a Bangalore based discount broker firm. Its minimum brokerage fees with maximum exposure makes it stand out from its competitors.
Indeed, the broker has designed a mobile app i.e. ANT mobi with a motive to provide better mobility to services it offers. This app is supported on android, windows and iOS platforms. It provides ease of trade from anywhere.
If eKYC is complete and Aadhar is linked to the mobile number, then the account can be opened instantly. In case, signed papers are sent to the broker, then it will take 24 hours to open the account once the documents are received.
3:15 PM is the Intraday square off time for Alice Blue.
Alice Blue Equity Options brokerage is Rs.15 per order.
Those who are willing to trade only in F&O (Equity, Commodity or Currency), Demat account is not required.
No, Alice Blue does not provide this feature.