Alice Blue AMC Charges

It is a quote everyone can easily relate in the world. So it is the same in the case of the share market. For opening and maintaining an account with the stockbroker, a trader is required to submit a fee. Alice Blue is a renowned discount stockbroker in India of whom today, the concept is taken into consideration. So now, let’s dive into the Alice Blue AMC Charges.

Although the broker does not charge a penny for opening a demat account there are charges that are to be paid either annually or monthly and are known as Annual Maintenance Charges or Account Maintenance Charges.

To get an idea of the AMC, let’s dive into the following segment. 

What are Alice Blue Account Maintenance Charges?

Basically, the Annual Maintenance Charges are levied on the traders for services that are bestowed by the depository participant. Apart from the Annual or Account Maintenace Charges, it is also known as Folio Management Charges.

Alice Blue account opening is completely free as you do not have to pay any charges while the registration process. Whereas to maintain the account, the traders and investors are required to pay the amount of ₹400 for maintaining the demat account, and for the trading account, it is NIL.

To understand, consider the following table. 

 

To know more in detail, it is essential to note that the AMC for the demat account is ₹400 per year, whereas as per the month, it will be ₹33.30+GST.

---

How to Pay AMC Charges in Alice Blue?

Now the question that might be appearing in your mind will be how to pay the Alice Blue AMC Charges. Isn’t it? If yes, then it is important to note that the broker will automatically deduct the Annual Maintenance Charges from the trading account.

Alice Blue deducts ₹33.30 monthly from the trading account of the customers as an AMC. 

Here it is important to note that the AMC charges are generally charged in advance and hence it is deducted immediately after your account gets activated and the funds are added to the trading account.

Hence it is mandatory to maintain enough margin in the trading account to avoid any penalty or other consequences. 

If the AMC is not paid, the account will be considered as a dormant account which defines the inactive account.

---

Alice Blue Demat AMC Not Paid

Have you ever come across the consequences of not paying your electricity bill on time. What happens when you fail to meet the deadline of making payment continuously for two-three months. Well! most of the time the electricity department might disconnect your connection.

Similar is the condition when you do not pay the AMC charges to your stockbroker, here Alice Blue.

If you do not maintain enough balance in the trading account then the account gets deactivated and like to get back electricity at your home you have to face some challenges, similar goes with reactivating the account.

Following are some of the circumstances:

• You will be given reminders through email, SMS, and phone calls from the broker.
• And still, if the broker doesn’t receive the revert the account will be declared dormant or inactive. After this, a trader cannot go with any transaction.
• For reactivating the demat account, the trader is required to pay a specific amount to start trading.
• Along with the reactivation fee, the trader will be required to pay the due AMC charges along with the interest.
• For closing the dormant account too, the trader is required to reactivate it first and then start the closing process.

---

Conclusion 

As mentioned earlier, Alice Blue offers the services by opening a free demat account, whereas the AMC is ₹400 that can be paid annually or monthly.

To maintain the account, it is necessary for the traders and investors to pay the AMC fee to the stockbroker.

Hence it is the right time to research, understand, and open a Alice Blue demat account. 

---

Reap the benefit of trading at the minimum cost by opening a demat account with the renowned stockbroker for FREE!

 

More on Alice Blue