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Minimum Retention Reversal Circular

Minimum Retention Reversal Circular

June 17, 2021

CC/EXT/122

Dear All,

We would like to inform you that “We have defined NEW Criteria for Holding the minimum condition of Rs. 2500/ – For Franchise”

Terms and Condition:

Every franchise has to attain by providing a minimum account opening target of 5.
The Revised policy which is effective from Dec 01, 2020, onwards
If the minimum target has not been reached means, Holding the amount of Rs.2500 can happen.
During Previous months we used to deduct the amount, and the policy now changed to holding the amount (Where Franchise can attain the target and get the amount for the previous months)

Example Criteria:

If “X” Franchise attained

December Account opening Target – 5, accounts Opened only 3, pending 2 account opening will get carry forward to near month target
January account opening target – 7 (Including Dec month pending 2 account opening)

If You are achieving your targets in January month (7 accounts), then the December month minimum sharing blocked amount will get released on the January month commission.

Payout Terms: On account of the achievement of targets, the Amount can be given in Jan Month Remisier Payout.
*Eligibility Within next month you can claim that amount

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Attention Investors!

"Prevent unauthorized transactions in your account update your mobile number/ email Id with your Stock Broker. Receive information of your transactions directly from Exchange on your mobile / email id at the end of the day."

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge. Pay 20% upfront margin of the transaction early to trade in the cash market segment. Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020, and NSE/INSP/45534 dated August 31, 2020, and other guidelines issued from time to time in this regard. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

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Alice Blue Financial Services (P) Ltd : BSE EQ | BSE FO | BSE CD-6670 SEBI REG : INZ000156038
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Investment in securities markets are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit.

For queries regarding account opening or activation, email to accountactivation@aliceblueindia.com and for fund updates, email to funds@aliceblueindia.com

Disclaimer : Prevent unauthorized transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Issued in the interest of investors. All clients have to update their email id and mobile number with Member : Investor Grievance grievances@aliceblueindia.com
KYC is a one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

No need to issue cheques by investors while subscribing to an IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in the investor’s account.

Investors are requested to note that Stockbroker Alice Blue Financial Services Private Limited is permitted to receive/pay money from/to investors through designated bank accounts only named as client bank accounts. Stockbroker Alice Blue Financial Services Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stockbroker”.

Bank Details.