Alice Blue Demat account offers some of the best services in India. Open a Demat account and start investing in the share market to profit significantly.

If you want to become an investor, consider taking this first step into the share market with the help of this reliable discount broker.

The Alice Blue Account Opening process is efficient, and you can start trading in just a few hours.

For an Alice Blue Demat account review, review this article and find out everything you need to know about their services.

Broker Type Discount Broker
Active Demat Accounts 1.41 Lakh+
Account Opening Charges Free
AMC Rs.400 per Year
Free Account Opening Yes
Free AMC No

Alice Blue Demat Account Review by

Overall Rating

8.05 / 10

Account Opening Process

8.02 / 10


8.14 / 10


8.08 / 10

Products & Service

8.00 / 10


7.98 / 10

Alice Blue Demat Account – Top Features

Alice Blue Demat account can be your golden key since the company offers customer-friendly charges and services.

Here are the reasons why almost one and a half lakh people have opened an Alice Blue account.

  • Opening a Demat account is entirely free of charge.
  • The Annual Maintenance Charge is a mere Rs. 400, one of the lowest in the industry.
  • Liquidating your assets and closing the Demat account is also easy. The broker support will help you with that in case of any problems.
  • The Demat account you open with the company will be automatically linked with a trading account for you. You can trade shares, mutual funds, IPOs, bonds, and more when you open your account.
  • They have more than 15 branch offices to help the customers.

Alice Blue Demat Account Opening Charges

Account Opening Charges


Annual Maintenance Charges (AMC)

Rs.400 per Year

DP Charges

Rs.15 per Scrip on Sell

Account Closure Charges


Reactivation Charges


Dematerialisation Charges

Rs.25 per Certificate

Call & Trade Charges

Rs.50 per Trade

There is no need to stress about Alice Blue Demat account charges because the company offers all new clients a free Demat account opening option.

Customers pay only Rs. 400 yearly as Alice Blue AMC to keep the account running.

Other company charges include ₹100 per request for Courier Charges, ₹100 per DIS Booklet, and ₹150 for Power of Attorney.

Customers pay ₹15 with 18% GST per transaction, an industry standard for DP charges. The company also charges the customers ₹10 per certificate + ₹50 per request for Demat + Courier charges.

Check out Business Opportunities with Similar Brands

Alice Blue Demat Account Offers

Free Account Opening


Free AMC


Free Brokerage

Yes, Limited

Free Research Reports


Free Trading calls


Referral Offers

20% + Rs.500 per new Client

Alice Blue Demat Account Opening Process – Step by Step

We have already mentioned that customers find the Alice Blue Demat account opening very efficient and easy to follow.

Most people prefer the instant online Demat account opening process because it is less time-consuming, but you can also opt for an offline process if you feel more comfortable with it.

There is no need to get confused; we will give you all the details you need about the online and offline account opening processes.

How to open a Demat account in Alice Blue? – Online Process

If you want to know how to open a Demat account in Alice Blue, you have come to the right place. You will find step-by-step instructions below to open your account in minutes.

  1. First of all, go to the official website of Alice Blue.
  2. You will find the option “Open Free Demat Account Now” on the website home page. Click on that option.
  3. A form will open; you must provide your details, including name, phone number, residential address, etc.
  4. To register your mobile phone number and email address with the company, use the OTP they send you. Use it to confirm your mobile number and email address.
  5. Fill in your PAN, Aadhar, bank, and income details.
  6. Upload your photo and a scan of your signature.
  7. Your account opening process is now complete.

How to open an Alice Blue Demat account? – Offline Process

People should be more comfortable opening offline accounts. Here, we will give you step-by-step instructions on how to open an Alice Blue Demat account offline.

  1. On the website, click on the “open demat account”.
  2. Download the form and provide the details as required.
  3. After you submit the form with the correct details, you will get a call from a company executive. The executive will help you with the rest of the account opening procedure.
  4. They will send you a list of documents you must submit to the company.
  5. Start the submission procedure, and your account will be opened within a few hours.

Eligibility Criteria to Open Alice Blue Account




18+ Years

Active Bank Account


Check out Business Opportunities with Similar Brands

Documents required to Open Alice Blue Account

PAN Card Copy


Identity Proof Copy

Any One (PAN Card, Aadhaar Card, Voter ID Card, Driving License, Passport)

Address Proof Copy

Any One (Aadhaar Card, Voter ID Card, Driving License, Passport)

Bank Account Proof Copy

Any One (Cancelled Cheque, 3 Months Bank Statement, Bank Passbook)

Copy of Income Proof for F&O

Any One (IT Return Certificate, Net Worth Certificate, Salary Slip, 6 Month Bank Statement)

Passport Size Photo


Signature on White Paper


IPV (In-person Verification)


If you wish to open a Demat account, you must provide personal details and documents for verification.

To open an Alice Blue account, you need to submit the documents we have listed below:

  • Your full name and permanent address
  • Identity Proof (Aadhaar Card/ Passport)
  • Aadhar and PAN number
  • Mobile number and email address
  • Bank account details (Canceled Cheque/Bank Passbook)
  • Income details (IT Return)
  • A passport-size photo
  • Signature scan

How to Close Alice Blue Demat Account?

Follow the steps below if you are wondering how to close Alice Blue Demat account.

  • Open the official website and scroll down to the “Download” section of the page.
  • Click on “Account Closure Form” and download it.
  • Print the form and fill out the details.
  • Attach all the required documents with the form.
  • Post the form and the documents to their office address.

Account closure has to be processed offline because they haven’t yet introduced an online account closure system.

Alice Blue Demat Account Review – Conclusion

Alice Blue Demat account is one of the top Demat account choices among customers. It offers all investors a zero-charge account opening option for a negligible yearly AMC fee.

The account opening process is simple, and the agents of the branch offices are always ready to help the customers. When you open your Demat account will be directly linked to the trading account.

It means every new client can instantly begin trading without wasting time after opening the Demat account.

FAQs on Alice Blue Demat Account Review

Here are various FAQs related to Alice Blue Demat Account.

How do you create a Demat Account?

Open the website home page and drag your cursor to “Open Free Demat Account Now”. Press click, and a form will open. Then, you fill out the form and submit it.

How do you delete an Alice Blue account?

The process of deleting an Alice Blue demat account is very simple.

You need to download an “Account Closure form” from the website or you can call the customer care, they will share the form to your email id.

Just fill up the form & sign it, share it with the required documents. The account will be closed within 7 working days.

What is AMC in Alice Blue?

The AMC is Rs. 400 per Year.

What are the Account Opening Fees?

The broker doesn’t charge anything for account opening.

How do you find the demat account number in Alice Blue?

You can find your Demat account number in the ‘My Account’ section after logging in.

How do you get a Statement of Demat Holdings in Alice Blue?

Use your Trading ID and Password to log in to the BOT application, and go to “My Account”. Select “Reports”, then click “Click here to log in”.

You will see the statement in the” Holdings” section of your account.

What documents are required to open a demat account?

You will require a PAN, Aadhar, a bank-cancelled check, an IT return document, a recent photo, and a signature scan.

How long does opening a Demat Account in Alice Blue take?

The Demat account opening process takes little time here, and the company guarantees that you can open a new Demat account online in just 20 minutes.

How do you change bank accounts in Alice Blue?

To change the bank account details, you only need to submit a request to the company. After verification, the company will change your old bank account details.

How to transfer shares from one Demat Account to Alice Blue Demat?

First, complete a Delivery Instruction Slip, and your broker will forward it to the depository. All your shares will soon get transferred to the Demat account.


Customer ratings and reviews of Alice Blue Demat Account

Invest with Zero Brokerage Now!Open Demat Account