The term Alice Blue consumer complaints refer to the details about the total number of complaints reported against the Alice blue and which are received by the stock exchange from Alice Blue customers. With the help of alice blue grievance data provided by BSE and NSE helps to analyse the health of the broker.
The higher number of trading complaint in alice blue indicated the issues with the brokers and their services, and can be related to trade, trading tools, connectivity, or contract notes.
Number of alice blue complaint registration
EXCHANGE
FINANCIAL YEAR
NUMBER OF CLIENTS
TOTAL COMPLAINTS
BSE
2023-21
3,088
3
NSE
2023-21
86,631
107
BSE
2019-20
3,071
5
NSE
2019-20
37,295
87
NSE
2018-19
6,513
7
NSE
2017-18
5,181
17
BSE
2016-17
54
1
NSE
2016-17
4,476
30
NSE
2015-16
4,317
22
NSE
2014-15
3,804
10
NSE
2013-14
2,065
2
Alice Blue complaint at NSE
PARTICULARS
2023-21
2019-20
2018-19
Defaulter Yes/No
No
No
No
No. of clients at the beginning of the year
No. of active clients
86631
37295
6513
No. of complaints received *
107
87
7
Resolved through the exchange
89
69
5
Non actionable **
11
5
0
Advised / Opted for arbitration
0
3
0
Pending for redressal with exchange
7
10
2
No. of arbitration filed by clients
2
11
Decided by arbitrators in favour of the clients
0
11
Decided by the arbitrators
0
1
Pending for redressal with arbitrators
2
0
% of No. of complaints as against No. of active clients
0.12
0.23
0.1
% of complaints resolved as against complaints received
93.45
88.5
71.42
Alice Blue complaint at BSE
PARTICULARS
2023-21
2019-20
2016-17
Defaulter Yes/No
No
No
No
No. of clients at the beginning of the year
140552
6977
431
No. of active clients
3088
3071
54
No. of complaints received *
3
5
1
Resolved through the exchange
3
4
1
Non actionable **
0
0
0
Advised / Opted for arbitration
0
0
0
Pending for redressal with exchange
0
1
0
No. of arbitration filed by clients
0
0
0
Decided by arbitrators in favour of the clients
0
0
0
Decided by the arbitrators
0
0
0
Pending for redressal with arbitrators
0
0
0
% of No. of complaints as against No. of active clients
0
0
1.85
% of complaints resolved as against complaints received
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.
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 traditional brokerage plan has been discontinued by Alice blue. Only freedom 15 brokerage plan is available in Alice blue. Visit garvthakur.com to check Alice blue brokerage rate.
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)
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 ₹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.
Now there is only one brokerage plan in Alice blue i.e., Alice blue freedom 15 plan. Login to Alice blue Bot to change your current Alice blue brokerage plan.
The brokerage of Zerodha Max ₹20 per trade while the brokerage of Alice Blue Max ₹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 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.
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