2-in-1 Account

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A 2-in-1 account is an online account to invest in stocks, mutual funds, and bonds, etc. It is a combination of Demat and Trading accounts opened and linked together for seamless transactions among them.
2-in-1 Account definition

A 2-in-1 account is a stock market investment account. It comprises of a demat and a trading account.

The demat account holds securities such as shares, bonds, debentures, and mutual fund units in electronic form. The trading account is used to buy/sell shares in the Indian stock market.

In addition to a demat and trading account, investors also need a savings bank account. The demat, bank and trading accounts are linked together to complete the online transaction of buying/selling shares.

The 2-in-1 account is offered by most stock brokers in India who do not have a banking license. There are two categories of brokers offering 2-in-1 accounts:

  1. Full-service brokers
  2. Discount stock brokers

Full-service brokers are traditional stock broker offering a wide range of investment products, neighborhood support through branches, online as well as offline trading and personalized services.

Discount stock brokers are online brokers offering online trading services at a fraction of the cost of a traditional broker. They focused only on trading and investment services in the stock market. They do not offer add-on services like research and advisory, PMS, branch support, relationship managers and offline trading facility, etc.

The Best 2-in-1 Account in India

Discount Stock Broker

Full-service Stock Broker

· Zerodha

· Upstox

· 5paisa

· Indiabulls

· SAMCO

· Sharekhan

· Angel Broking

· Motilal Oswal

· Karvy

· IIFL

Answered on

FAQ's

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

    3-in-1 Vs 2-in-1 Account

    Topic

    3-in-1 Account

    2-in-1 Account

    Accounts

    3 - Bank + Demat + Trading Account

    2 - Demat + Trading Account

    Convenience

    Extremely convenient as transactions among 3 accounts are seamless.

    Transactions between trading and bank account are manual.

    Unused fund stays in

    Saving Bank Account

    Trading Account

    Interest on the unused fund

    Yes, interest is earned on the unused saving bank balance.

    No, interest is not paid on unused funds in the trading account.

    Brokerage Charges

    High in comparison to 2-in-1 brokers. Brokerage is charged in % of turnover.

    Lower in comparison to a 3-in-1 account. Most brokers also offer flat rate discount brokerage plans.

    Trading Platform

    Very old, poor UI and difficult for traders. Rarely updated.

    Built using the latest technology and updated regularly with new features.

    Suitable for

    Beginners and casual stock market investors

    Casual and frequent traders

    Offered By

    · ICICI Bank

    · HDFC Bank

    · Kotak Mahindra Bank

    · Axis Bank

    · SBI Bank

    · Yes Bank

    · Allahabad Bank

    · Bank of Baroda

    · IndusInd Bank

    · AU Small Finance Bank

    · IDBI Bank

    · South Indian Bank

    · Karnataka Bank

    · Zerodha

    · Upstox

    · 5paisa

    · Sharekhan

    · Angel Broking

    · Motilal Oswal

    · Karvy

    · IIFL

    · Indiabulls

    · SAMCO

    ·

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