Alice Blue, the Bangalore native broker, offers stocks and commodity trading withBSE, NSE, and MCX. Also, it facilitates its customers with online facilities to trade in the share market. If you are willing to experience its services then let’s first dive into the details of Alice Blue account opening charges.
In general, every broker offers two different types of account; demat and trading account. Alice Blue offers a 2-in-1 account facility thus you can reap the benefit of both the accounts by filling the single account opening form.
So, let’s move further to know what are the different charges linked with the Alice blue demat account.
Wondering why the stockbroker imposes the account opening fees?
The reason is simple, to activate the services of trading and transactions to and from your account.
For example, using any apps to learn English asks you to pay certain fees to get the subscription for the same. Similar to this to trade and keep your shares in the demat account you need to pay certain fees and charges.
Now when it comes to the Alice Blue account opening, the broker does not charge any fees for the demat account and hence you can reap the benefit of free account opening.
Now, let’s dive into the following table to know more about the account opening charges.
Just like having a locker in the bank, you need to pay certain fees for its maintenance similarly to maintain the transactions of your demat account, and to assure security, the Depositories generally charge the AMC fees.
The Annual Maintenance Charges also called Account Maintenance charges are necessary for keeping both tradings as well as demat accounts active. These are the charges levied along with the account opening charges.
Now many brokers give you the relaxation from paying this fee but Alice Blue charged you the annual fees of ₹400 right from the first year. Being a discount broker, although the broker imposed the annual maintenance charges but usually offers relaxation by not deducting the charges at once.
In fact, the charges of ₹33. 30 is deducted every month from your trading account.
Alice Blue Demat Account AMC Charges
AMC Charges
₹400
Conclusion
Now, we are aware of Alice Blue’s account opening charges. Though this broker charges ZERO account opening charges at the same time, it charges Rs.400 as AMC.
Unlike other stockbrokers, it does not offer any kind of relaxation in AMC and thus one needs to pay the amount as soon as the demat account is activated.
Well, the account opening charges are a one-time payment and hence one must look for Alice Blue brokerage and other services to make a better trade decision.
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