Posted on Wednesday, July 18, 2012
Modified on Wednesday, August 10, 2016
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The 3-in-1 account consists of 3 separate accounts open together including a Bank Account (a normal bank account where your money resides), a Trading Account (a share broker account which allows you to trade in equity, F&O etc. segments) and a Demat account (it holds the equity shares purchased by you).
3-in-1 Account = Bank Account + Trading Account + Demat Account
The beauty of 3-in-1 account is seamless transaction between these three accounts. It also offers wide range of investment products under this account.
When the account holder buy shares through trading account; the money get automatically debited from the saving bank account and share are automatically credited to the demat account. Similar way when shares are sold through trading account; the money gets credited to the bank account and shares are withdrawn from demat account. The money remain in your bank account can be used like any normal bank account (i.e. you can withdraw that using your debit card).
While the cost of trading is generally high with the companies offering 3-in-1 account, the hassle free investing and integrated financial solution provide unique benefits. These accounts are especially good for people who invest in stock market for long term basis or people who do not mind paying a little more brokerage for the hassle free service.
If you are a beginner in stock market or an investor in the market (not a regular trader) then this type of account are highly recommended.
Other benefits of 3-in-1 account include:
Many shares brokers in India who also provide banking facilities through there parent company, offers 3-in-1 account. Some of the popular brokers include ICICI Bank, HDFC Bank, Standard Chartered Bank, IDBI Bank Ltd, Kotak Securities, Axis Bank and SBI.
ICICI 3-in-1 trading account is the oldest and most popular service provided by ICICI Bank. There strong network of branches makes this account very attractive. HDFC 3-in-1 trading account is another very popular and equally good service provider. SBI 3 in 1 account and standard chartered 3 in 1 account are also provides good investment options.
To know more about the services offered by these companies, there reviews, complaints and rating; please visit the broker page through the link below:
Note: If you already have a saving bank account or demat account, it can be linked to trading account to make it 3-in-1 trading account.
Flat Rs 20 Per Trade
Free Equity Delivery Trades
Rs 100 off on account opening*
(* on online account opening)
Rs 899 Unlimited Equity
Rs 499 Unlimited Curr
or Rs 15 per Trade
Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty
Beginner, seasoned investor, active trader or HNI. Get customised solutions.
Rs 0 account opening fee on Online Trading + Demat Acct
(Rs 1150 waived)
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