Alice Blue NRI Account – Benefits, Charges, Opening Process, Support & more

Are you worried about losing out on rising Indian markets as an NRI newbie? Alice Blue NRI Account aims to be the first choice for traders and investors and enables NRIs to continue their stock journey in Indian Markets.

Established in 2006, this trading platform has been steadily growing, with more than 5 lac trusted clients now.

It allows users to trade securely with its robust security protocols and minimum Alice Blue NRI account charges.

This Alice Blue NRI account review will help you answer all your queries regarding AMC charges, benefits, and other features.

So, if you want to open an account now, follow the steps mentioned below in this article.

Why Invest with an Alice Blue NRI Account?

Here are some of the top reasons why the Alice Blue NRI account is a suitable choice for you.

• Established in 2006, this platform allows the buying and selling of stocks at minimal charges.
• The new brokerage plan ensures that the client incurs the least trading cost. You pay a flat fee of 60 INR for Delivery (non-PIS) and FnO trading.
• With 1000+ partners, this trading platform allows you to have both trading and demat accounts. You can trade on the BSE and NSE, but intraday trading facilities are unavailable for NRIs.
• Users can explore stocks in Alice Blue’s NRI account through ANT, a unique online share trading platform.
• Its robust technology enables risk-free trading. You can also avail of personalized broker service by connecting with its network branches.
• Trade School – a free offering that benefits users by allowing them to learn new trading skills.

You need an account before investing in trade. If you are an NRI looking for a risk-free trading platform at a low cost, Alice Blue is the one for you.

Open an account for just Rs. 500 and enjoy the plethora of features and benefits. With no hidden charges, this account is safe to run for years.

The annual maintenance charge is Rs.500 plus 18% GST each year. Alice Blue NRI Account AMC will keep you active and ensure you make transactions smoothly.

Before opening a trading account, proper knowledge about Alice Blue NRI Account Brokerage charges is essential.

There are charges involved in delivery trading; however, they are different for PIS and non-PIS. Charges for Equity Delivery with PIS are Rs.75 for each trade.

However, you pay less for Equity Delivery with non-PIS, i.e. Rs.60 per trade. Options for Equity Future can be availed with a flat sum of Rs.60 for every trade, and the same charges apply for Equity options.

However, the NRI account does not have facilities like commodity and currency trading.

How to Open Alice Blue NRI Account?

Learn about the simple steps to open an Alice Blue NRI account here. You can complete the application form and get your account ready in 3-5 days.

However, there are a few points you need to consider,

1. You must have either an NRI Account, a PIS Bank Account, or a Custodial account for derivatives.
2. You should thoroughly examine the company web page to see which private banks they accept. Private banks like AXIS BANK, HDFC BANK, IDFC BANK, and others are readily accepted.
3. Having gathered all the information, you can open an Alice Blue NRI Account in three steps.
4. Go to the company’s website. Click on “Open NRI Account.” Make sure all your documents are notarized. Check the list of documents mentioned below.
5. Fill out the form with all the details correctly. Remember, if you make a mistake here, it cannot be undone afterwards.
6. After submitting your form, you must wait for a call from the company executive. You will then receive a PDF form. Please fill out and submit it.

Both online and offline methods can be used. If you cannot fill it out online, send the attached form with all the documents to the Alice Blue office headquarters in Bangalore.

You must wait 3-5 days to activate your account.

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If you are ready to open an Alice Blue Non-Resident Indian account, get hold of the documents mentioned below. The unavailability of any one of the documents will prevent you from having an active account.

1. You will get a form to fill out and sign. But first, check the banks they accept.
2. Verify your account through email or phone number. Log in and fill in your PAN card details.
3. As an NRI, you must provide proof of both your Indian and overseas address. An Aadhar card is mandatory for Indian proof. You also have to submit an Indian passport and driving license. Your overseas documents should include your Bank Statement, overseas passport, and driving license.
4. To link your bank account to Alice Blue, a NRE or NRO Bank A/c Cancelled cheque is required.
5. Provide your OCI/PIO card as proof of your overseas citizenship.
6. Make sure that your Passport and VISA are valid and up to date.
7. Keep the latest passport-size photograph and a PIS letter from the bank ready.
8. You must also submit a cheque for account opening charges to open your demat account.

After submitting all the documents, wait for a few hours to get a confirmation from your broker.

Alice Blue NRI Account – Top Features

A few of the top features of the Alice Blue for NRI are as follows:

• It is one of the lowest brokerage demat accounts, at only Rs.60 per Trade, making trading costs almost negligible.
• Account opening charges as low as Rs 500, while you pay only 18% GST as an AMC to keep your account running smoothly.
• Equity Delivery with both PIS and non-PIS is available. Alice Blue for NRI does not allow intraday trading facilities.
• The uniquely designed Alice Blue ANT trading app ensures risk-free trading with advanced security features.
• Your broker connects with you in just a few minutes. You don’t have to wait for hours.
• Trusted to maintain transparent relations, there are no hidden charges involved.
• Participate in free Trade School webinars to gain more knowledge on the stock market and its trends.

These features make Alice Blue for NRI a safe and beneficial option for everyday trading.

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Besides your trading account, explore the benefits of a demat account, too. Your Alice Blue NRI Demat account includes multiple products like equity delivery, equity option, and Futures.

This means you can rest assured of holding stocks for a long time and enjoying profit when rates are high.

But make sure not to enrol in Intraday trading. It is unavailable for NRI accounts, and commodity and currency trading are unavailable for NRIs.

Your Demat account benefits also include exploring and investing in Mutual Funds. Indulge in systematic savings through Mutual Funds today.

You can download the app or check the web page for more details.

Let us now discuss more about the services you get in your Alice Blue NRI Trading account. If you are looking to opt for daily trade options, NRIs are not eligible.

This platform will ensure you enjoy handsome benefits in the Future and Options trading. This is how you can ensure long-term savings investment options as a future financial security.

NRI accounts are also eligible for IPO services, but services like portfolio management services (PMS) and personalized portfolio creation (PCG) are unavailable.

As a trading account holder, you will never have to worry about going astray.

Alice Blue NRI Support system not only facilitates the sharpening of skills through frequent webinars to keep you updated but also allows you to reach out to them anytime to resolve any query easily.

They are available at 080-35215000 from Monday to Saturday anytime between 9 am and 6 pm IST. You can also try reaching out at 080-45490850, an alternate customer care number.

If you find it difficult to open an account yourself, you can reach out to the same contact number mentioned above.

You can even shoot an email to [email protected] for a quick response. Options like Call-N-Trade make it easier and even more effective to earn profit.

However, this facility is not available for NRI users now. If you want to check your funds and get a detailed update, email [email protected].

As you have gone through all the detailed features of the Alice Blue NRI account, you can now open your account through various platforms.

Alice Blue ANT MOBI 2.0 for Android and iOS: You can download the app in seconds and enjoy hassle-free trading.

With its user-friendly features, you can customize your dashboard to keep the options you need handy. You also get access to endless stock charts analyzing the market with technical indicators.

This Alice Blue NRI app is a smart tool that analyzes your moves and provides advice for better trading. It has a rating of 3.5 + in the Play Store.

Alice Blue ANT Web Trading Platform: You can even access your account through the web portal easily, just like the app.

Many users prefer the web trading platform to the ANT app. You don’t have to keep shuffling pages in a web platform, as you can see everything on a single screen.

Besides ANT MOBI, the Alice Blue NRI trading platform includes Algo trading. You can learn more about algorithmic trading by visiting the company site and through other YouTube tutorials.

Now, let us discuss the various features of Alice Blue Advisory for NRI. These features benefit users by helping them maintain a healthy stock market account.

You get access to technical reports and learn how your stocks are performing periodically.

These graphs and charts are easy to understand and provide an in-depth understanding of the stock market. You will be charged if you want to use this feature.

At the same time, you can follow daily stock tips on the platform and suggestions for top stocks. This will help you make decisions wisely.

The best option is to opt for a relationship manager to guide you throughout your journey. Though all these benefits are chargeable, they are worth the cost.

Alice Blue NRI Charges

We discussed various transaction taxes till now. These charges differ and, hence, must be understood carefully. Get a clear vision of the Alice Blue hidden charges for NRI mentioned below.

• A minimum charge of 10 INR is applicable per crore for all trading segments. This is as per SEBI regulations.
• For selling a stock, a DP charge of Rs.13.5 per share applies to every user.
• A combined GST charge of 18% is mandatory to pay. This is what you have to pay for all segments.
• If you discontinue with a broker, you pay only Rs.25.
• You have to pay Rs.30 for converting your physical certificate into an electronic version.
• Opting for the Call-N-Trade facility, you need to bear a sum of Rs.50 + GST per trade while on call.
• Lastly, if you want to reactivate your account after a long gap, you only have to pay Rs.20.

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Alice Blue NRI Account Review – Conclusion

Knowing all the details and investing in any platform is always better. This Alice Blue NRI Account review sheds light equally on everything you need to know to enjoy an active trading account.

This platform has a user base of more than 100k+ investors. The app rating is 3.5 in the Play Store and is a secure app to continue your stock market journey.

With its merits and de-merits, Alice Blue is a one-stop destination for stock trading for both newbie and experienced stock dealers.

FAQs on Alice Blue NRI Account

Here are various FAQs related to the Alice Blue NRI Account.

How to Open an NRI Demat Account in Alice Blue?

You can activate your account in 3-5 days by following the steps mentioned in this review.

How do you convert Alice Blue account to NRI?

You can raise a request to convert your normal account to NRI account by sharing all the documents required for NRI account.

What is AMC for NRIs in Alice Blue?

You pay Rs 500 plus 18% GST as an annual AMC to keep your account active.

What is Account Opening Fees for NRIs in Alice Blue?

NRI Account opening fees in Alice Blue are Rs 500.

Which assets are restricted from trading in Alice Blue for NRIs?

Currently, Intraday Trading, Commodity Trading & Currency Trading is not allowed for NRIs.

Can a NRI invest in a Mutual Fund in Alice Blue?

You need a non-PIS NRI account to invest in mutual funds. Yes, you can explore and invest in Mutual Funds here.

What is the Brokerage for Alice Blue NRI?

The brokerage rate is Rs.75 per trade for PIS and Rs.60 for non-PIS.

Can Alice Blue’s NRI Account be opened online?

Yes, you can open an Alice Blue NRI account online.

What is the Helpline Number for Alice Blue NRI users?

Get your doubts and queries resolved quickly by calling the helpline number 080-35215000 or 080-45490850.

What are the documents required to open an Alice Blue NRI Account?

Below are the documents you must have to submit to open an Alice Blue NRI account:

• Cancelled cheque for linking your bank account.
• Your passport copy. Self-Attested the copy.
• Both Indian and overseas address proof self -attested.
• Your pay slip for the last six months.
• For 16, it is essential to submit.
• Your Net Worth certificate copy.
• Your demat account holdings.