Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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-2.56% 161,168 Clients
Alice Blue Account Opening Enquiry
Get equity delivery trading in Rs 20 per executed order or 2.5% whichever is lower and Flat Rs 20 intraday and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
Incorporated in 2006, Alice Blue Financial Services is a Bangalore-based financial enabler. Alice Blue is primarily in 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. The customer needs a Demat account to trade/invest in the stock market and mutual funds. Demat account allows its customers 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 the customer holds shares, mutual funds, bonds etc in digital format.
Alice Blue is the depository participant (DP) of CDSL. CDSL is among the two designated depositories in India.
The customer opened the demat account with CDSL through Alice Blue. CDSL hold the securities in the Demat account. DP's like Alice Blue are their members to service the demand. DP's take fees 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:
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.
| Service | Charges |
|---|---|
| Demat Account Opening Fee | Rs 0 |
| Demat Account Annual Charges (AMC) | Rs 400 |
Alice Blue Demat Charges
Alice Blue trading and demat account opening fees are Rs 150. Alice Blue charges Rs 400 per year demat account AMC. Alice Blue demat debit transaction fee of
0.04% of the value of the transaction (minimum ₹20)
per debit transaction.| ID | Transaction | Charges |
|---|---|---|
| 1 | Demat Account Opening Charges | Rs 150 |
| 2 | Transaction Charges (Buy) | |
| 3 | Transaction Charges (Sell) | 0.04% of the value of the transaction (minimum ₹20) |
| 4 | Annual Maintenance Charges (AMC) | ₹400 per year |
| 5 | Demat + Courier charges | ₹10 per certificate + ₹50 per request |
| 6 | Remat | ₹30 per request + CDSL Fee + ₹10 per 100 securities |
| 7 | Pledge Creation | 0.04% of the value of the transaction (minimum ₹40) |
| 8 | Pledge Creation Confirmation | ₹0 |
| 9 | Pledge Invocation | 0.04% of the value of the transaction (minimum ₹40) |
| 10 | Failed Transactions | |
| 11 | Other Charges |
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Trade equity delivery in Rs 20 per executed order or 2.5% whichever is lower. Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Alice Blue and start trading today.
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
You can also check your Demat account opening status on the Alice Blue BOT site.
Steps to open an Alice Blue Demat account Offline
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.
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.
No. For traders who are planning to trade only in F&O (Equity, Commodity or Currency), the demat account is not required.
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.
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.
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.
Yes, you can open joint demat account with Alice Blue. A joint demat account can be opened with 2 or 3 joint holders.
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.
The nomination works in the same way as the nomination in a bank account. Here are key points:
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:
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:
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.
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:
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.
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:
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:
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.
Alice Blue Account Opening Enquiry
Get equity delivery trading in Rs 20 per executed order or 2.5% whichever is lower and Flat Rs 20 intraday and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
Information on this page was last updated on Thursday, November 23, 2023
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