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The Best 3-in-1 Trading Account in India Stock Market - ICICI, HDFC, SBI, Kotak

Published on Wednesday, July 18, 2012 by Chittorgarh.com Team | Modified on Friday, September 7, 2018

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The Best 3-in-1 Trading Account in India Stock Market - ICICI, HDFC, SBI, Kotak

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 Similar way when shares are sold through trading account; the money gets credited to the bank account and shares are withdrawn from demat account.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:

  1. Investment and trading in Equity
  2. Investment in IPO's
  3. Online Mutual Funds investment
  4. Derivative Trading (Trading in Futures & Options or F&O)
  5. Saving Account can be used as normal bank account
  6. Insurance, NPS, Tax Services & many more financial services

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:

  1. ICICI 3 in 1 Account Review
  2. SBI 3 in 1 Account Review
  3. HDFC 3 in 1 Account Review
  4. Kotak 3 in 1 Account Review
  5. IDBI three in one Account Review
  6. Axis Bank 3-in-1 Account Review

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.

What is meant by 3-in-1 account?

People who are new to trading and wish to open a trading account, frequently ask these questions-

  • What is a 3-in-1 account?
  • What is a 2-in-1 account?
  • What is the difference between 3-in-1 account and 2-in-1 account?
  • Which one is best, a 3-in-1 account or a 2-in-1 account?
  • Which bank is best for a 3-in-1 account?

If you wish to open a trading account to trade in stocks, derivatives, IPO etc., you have two choices- 2-in-1 account and 3-in-1 account.

What is a 3-in-1 account?

A 3-in-1 account includes a savings account from a bank, a demat account with either of the central depositories NSDL and CDSL and a trading account to buy and sell various financial instruments. All the accounts are jointly opened by a broker. Normally 3-in-1 accounts are offered by broking companies which are a part of a banking group like HDFC Securities, ICICI direct, Kotak Securities and Axis Securities.

What is a 2-in-1 account?

A 2-in-1 account includes only a demat account and a trading account. There is no bank account linked to this account. A 2-in-1 account is generally offered by a non-banking broking company like Zerodha, Sharekhan, Indiabulls etc.

What is the difference between 3-in-1 account and 2-in-1 account?

The only difference between a 3-in-1 account and a 2-in-1 account is the inclusion of a bank account in the package and the convenience it offers to a trader. Rest all remain same. The trading and the demat account offer same facilities in both types of account.

Which one is best, a 3-in-1 account or a 2-in-1 account?

From trading convenience point of view, a 3-in-1 account works better than a 2-in-1 account. You need 3 things to trade in a financial instrument-

  • Money or Funds
  • A trading account that gives you access to a trading platform (web-based, installable platform or a mobile app) to help you make buy and sell transactions.
  • A demat account from either of the central depositories, CSDL (Central Depository Services Ltd) or NSDL (National Securities Depository Limited), where the certificates of your holdings will be stored in the dematerialized or electronic form.

If you open a 3-in-1 account then it is easy and fast for you to move funds between your bank and trading account. The transfer of funds happen in real-time. So if you see a trading opportunity, and there aren’t enough funds in your trading account, then you can quickly transfer the funds and execute your trade.

If you open a 2-in-1 account then you have to transfer your funds from other bank account to your trading account. This transfer can take time between a few hours to a day depending on whether you are transferring funds via IMPS, NEFT or a cheque. The broker or the bank may also charge you a fee for fund transfer.

So the choice between a 2-in-1 account or a 3-in-1 account comes down to your convenience.

Which bank is best for a 3-in-1 account?

All major banks SBI, ICICI, Axis, Kotak, HDFC etc., who have a brokerage company in its group offer 3-in-1 accounts. The features of most of the 3-in-1 accounts are similar. However, there are a few factors to consider while choosing the best 3-in-1 account-

  • Minimum Balance requirement- Does the 3-in-1 account requires you to maintain a monthly, quarterly or yearly balance? In most cases, the savings account is a zero balance account and doesn’t require maintaining any balance. However, some banks put a clause of minimum trading activity in your trading account. If you don’t do the minimum trading activity then your bank account may be converted from a zero balance to a minimum balance account.
  • Brokerage Charges- The brokerage charges varies from broker to broker. So compare the brokerage charges before choosing your 3-in-1 account.
  • Segments- Not all brokerage companies facilitate trading in all segments like equity, derivatives, currency and commodities etc. So make sure that the bank you are opening a 3-in-1 account facilitates trading in segments of your choice.
  • Trading facilities- It means trading tools, platform features and other trading assistance offered by brokers. You must also consider the quality trading tools, platform features, research advice, training tips etc., offered by the broker before choosing the right 3-in-1 account.

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User Comment

avatar
16. Mahmad jamani  Nov 29, 2018 06:59 Reply
Minimum balance in 3in1 acco. In this bank
avatar
15. Sagar  Apr 7, 2016 23:52 Reply
Hi,
I am 24, and Just start to plan and invest in stocks.
Which would be a better account for a beginners?
I hold a savings account with ICICI as well as Kotak.

Please Guide
avatar
15.1. Forum Modulator  Apr 8, 2016 21:08
Hi Sagar,

We suggest you to open the trading account with either ICICI or Kotak based on where you are comfortable banking with.

Please note:
1. Both ICICI and Kotak offers 3-in-1 account which makes it extremely easy for beginners.
2. Both has almost similar brokerage charges / fees.
3. You can compare these two brokers using below link:

/comparebroker/icicidirect-vs-kotak-securities/1/12/

Please let us know if you have any further questions.

Thank you.

avatar
15.2. Dhulev  May 3, 2018 14:56
Excellent comparision
avatar
14. N m Rampuria  Mar 22, 2018 11:46 Reply
What is the minimum balance of Icici and Kotak 3 in one account.
avatar
13. Harpreet Gulati  Mar 1, 2018 10:00 Reply
Hi... I m a beginner... interested in stock market...but confused how to start... I am from Dubai and wants to do trading in Indian market...I am totally a fresher but I want to join this ... pls suggest...regards
avatar
12. Satyajeet  Jan 13, 2018 21:15 Reply
Hi,
I have 3in 1 account in icici, can i link my icici trading account to zerodha demat account and close my icici demat account.
avatar
11. Kumar  Oct 26, 2017 19:23 Reply
Sir
I have hdfc salary account and want to open a demat account for share trading. Please guide which is good.
1 religare
2 hdfc
avatar
10. Ramesh  Nov 18, 2015 09:21 Reply
I want to invest in the stocks in the long term basis , may i know which option is more better for me ?

1 . these ICICI 3 in 1 account
2. discount broker
3. any other stock broker

where i need to open the demat and trading account for more benefit , i mean i do not need to pay more comissions , as i am buy shares and hold for very long term of nearly 5 to 10 yrs
avatar
10.1. Forum Modulator  Apr 8, 2016 22:42
Hi Ramesh,

1. If you are a person who has experience in investing/trading in stock market and do not need hand holding, discount brokers are the best. They don''t have any AMC and their brokerage charges are lowest. But this requires some work on your side including transferring the money from your account to brokers account etc.

2. If you are a beginner or want extremely convenient way to invest in stock market ICICI is the option. There 3-in-1 account offers extremely easy way to trade/invest in stock market. It also give you wide range of options to invest in FD, bonds, Mutual Funds, insurance products etc. under one website. But off course you have to pay premium price (higher brokerage and AMC) for this convenience.

Hope this will help.


avatar
9. v k lohani  May 1, 2016 23:03 Reply
Axis direct 3 in 1 account is cheep & best account for trading because they gives banking & demet trading at low rates services are good.
avatar
8. Dini  May 10, 2016 00:57 Reply
How do you rate YesBank''s 3-in-1 account?
avatar
8.1. Abhishek  Jun 22, 2016 18:52
excluding Tax).

Yes Bank IT Infrastructure is one of the worst compared to HDFC, ICICI and Kotak. Yes Mobile Banking sucks and Yes Security trading platform is one of the oldest in the world.

Having worst IT Infrastructure. Yes is over confident to charge high compared to HDFC/ICICI/Kotak
avatar
7. balaji  Dec 29, 2016 13:52 Reply
Sir I doesn''t have a account in ICICI Bank but there is 3 in 1 facility they are asking me to pay 15000 check first to get an account
avatar
6. pritam  Mar 12, 2017 10:08 Reply
Information that you provide in your website is very useful, thank you !
Wanted to know, if 3-in-1, also do the prop trading, just like the discount brokers (Zerodha and others)?


avatar
5. Anand OS  Apr 17, 2017 14:38 Reply
I have been using HDFCSEC for 3 years now and am extremely satisfied with the online portal and features of the portal and even their Android App is very good. No issues so far at all. For beginners, for hassle free service, I would highly recommend hdfc sec. (1) Open bank account (10,000) minimum balance. Make sure you have a nominee. (2) Open Demat Trading account (3) Online trading account (ask for nominee facility.) They will come home with all forms for your signature. *MAKE SURE YOU DO NOT SELECT CREDIT CARD facility. They will issue you a credit card and then *I do not work for HDFC, Im not an agent etc. )
avatar
5.1. Anand OS  Apr 17, 2017 14:42
2/3 *MAKE SURE YOU DO NOT SELECT CREDIT CARD facility. They will depending on how often u have used) 50-250 rs depending!
avatar
5.2. Anand OS  Apr 17, 2017 14:43
3/3 Then every share u buy, some brokerage charge will be taken. But, it''s VERY CONVENIENT & hassle free & as I said, their portal and android app is very EASY and fast and convenient to use. Also, their chat service, Twitter response is very good if you have any queries. You can buy shares, Mutual Funds, IPO, Corporate FD''s etc.
avatar
4. Durga Revanth  Sep 1, 2016 19:03 Reply
Hi ,

Please let me know which is the best account for low brokerage charges .

i have account in fundsindia for trading and i want to know if any other bank provides less brokerage for stocks investment as i am new to stock markets
avatar
4.1. VINAYAk  May 14, 2017 01:44
If you are new then its better to open in zerodha.
avatar
3. st  May 26, 2017 11:04 Reply
hi
I am wants to open demat , trading account mcx ncdex or equity market tell me to one broker
avatar
2. Siva  Jul 28, 2017 12:58 Reply
Hi,
I am 27, and Just start to plan and invest in stocks.
Which would be a better account for a beginners?
I hold a savings account with HDFC as well as Axis.

Please Guide
avatar
2.1. Kapil  Sep 23, 2017 01:22
Zerodha will be best broker for you...
avatar
1. Muthu  Jun 24, 2016 15:21 Reply
Sir
Iam a beginner and I want to go for trading. I want to know which type and company account will be benefitting for trade
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