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