Alice Blue FAQs (Frequently Asked Questions)

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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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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.

 

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