Alice Blue Auto Square off Charges

If you are doing intraday trading with Alice Blue, then it is essential to note down the auto square-off charges. So, likewise, in today’s informative piece, we will discuss the Alice Blue auto square off charges.

It is important to note that in day trading, the traders are required to square off the positions at a specific time, or else the app will automatically square off the position and will levy extra charges on the traders.

Therefore, to know the Alice Blue square off timing in various segments, let’s delve into the following table.

So, let’s dive into the following segments to know more about the auto square off charges in Alice Blue. After the above-mentioned square-off timing, the Alice Blue app will automatically square off the position by charging extra.

Why wait for more? Let’s dive in!!

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Alice Blue MIS Square off Charges 

If the trader does not square off the position till the time mentioned in the above table, in that situation, the broker, i.e., Alice Blue, will charge ₹20 as a penalty plus GST.

To understand the auto-square-off charges, let’s consider an example.

Almost everyone reading this, have a saving account in one bank or another. Right?

Here every bank comes with a certain limit that one has to maintain in the bank account to avoid any kind of penalty.

So, here let’s say Ritwik opened an account in Kotak Bank where according to the bank, one has to maintain a minimum balance of ₹10,000 per month.

He failed to maintain the balance and, the bank deducted ₹500 per month from the saving account until he didn’t maintain the average balance of ₹10,000. 

Similar to this there is Alice Blue auto square off charges. 

The trader doing intraday trading if fails to square off the position before the market closed certain auto square off charges, here ₹20 are deducted directly from the trading account. 

Now, how do these charges impact the profit in trade?

Well! here let’s suppose the trader did the trade of ₹1,00,000 and booked a profit of ₹2000.

Now here some of the profit gets reduced due to the brokerage and paying the auto-square off, which further reduces the overall profit.

Thus, when opening Alice Blue demat account, make sure you are aware of all kinds of charges.

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Conclusion

It is essential to check the Alice Blue auto square off charges as well as timing before starting to trade with the stockbroker. 

Here, the broker charges the penalty of ₹20 along with the 18% GST. Therefore, go through the above-mentioned square-off timing and exit the trade before the broker itself squares off the position.

So now, it is the right time to go through the information, check it once, and trade vigilantly with Alice Blue.

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