3-in-1 Account

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A combination of saving bank, demat and trading accounts opened together and linked to each other for hassle-free online stock market investments.
3-in-1 Account definition

A 3 in 1 account is a combination of 3 accounts; demat, trading and savings bank account. This stock market investment account offers the most convenient online trading experience.

To invest in the Indian stock market, an investor should have 3 accounts:

  • Saving Bank Account
  • Demat Account
  • Trading Account

The demat account is used to hold securities (such as shares, bonds and debentures, mutual fund units) in electronic form.

The trading account is used to buy and sell securities. These securities are credited or debited to the linked demat account.

The payment or receipt of funds for all transactions are done through the bank account linked with the trading account.

In a 3-in-1 account, all these accounts are opened together. They are linked together for seamless transactions among them.

The Best 3-in-1 Trading Account in India

This account is also known as:

  • 3-in-1 Online Trading Account
  • 3-in-1 Demat Account
  • 3-in-1 Trading Account

 

3-in-1 Account Buy Order Flow

 

3-in-1 Account Sell Order Flow

 

Most banks in India offer the 3-in-1 accounts. Some of the popular 3-in-1 accounts include:

  1. ICICI Bank 3-in-1 Online Trading Account
  2. HDFC Bank 3-in-1 Account
  3. Kotak 3-in-1 Account
  4. Axis Bank 3-in-1 Account
  5. SBI 3-in-1 Account
Answered on

FAQ's

  1. 1. What is the 3-in-1 account meaning?

    A 3-in-1 account is a stock market investment account in India. It is a combination of 3 accounts which are linked together for seamless transaction among them. The 3 in 1 account consists of:

    1. Bank Account
    2. Demat Account
    3. Trading Account

    All these 3 accounts are mandatory for trading/investing in Indian stock markets. The 3 in 1 account is offered by most of the large banks in India including SBI, ICICI, HDFC, Kotak and Axis.

    Read

    The Best 3-in-1 Trading Account in India

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  2. 2. What is the 3-in-1 account minimum balance requirements?

    Most banks offering 3-in-1 account asks for a Minimum Monthly Average Balance (MAB) in the saving bank account. The amount varies from the bank to the bank. For example:

    3-in-1 Account Minimum Balance

    Bank

    Minimum Balance

    ICICI Bank

    Metro and Urban locations - ₹10,000
    Semi-urban locations - ₹5,000
    Rural locations - ₹2,000

    Gramin locations - ₹1,000

    HDFC Bank

    Metro and Urban locations - ₹10,000
    Semi-urban locations - ₹5,000
    Rural locations - ₹2,500

    Note: Not maintaining the minimum balance results in penalties by the bank. For example, ICICI Bank charges a penalty of ₹100 + 5% of the shortfall in required MAB every month. HDFC charges ₹100 to ₹600 per month.

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  3. 3. Where can I find a 3-in-1 account comparison?

    Most large banks in India offer a 3-in-1 account, an account for online investment in the Indian stock market. Find a 3-in-1 account comparison page for more detail. Note that most of the 3-in-1 accounts are very similar in terms of services offered and fees. An investor should choose the bank where he is already comfortable with.

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  4. 4. What are the 3-in-1 account charges?

    The 3-in-1 account is a stock market investment account. It is a combination of a bank, demat and trading account. Though all 3 accounts are opened and managed together, they are technically different accounts. The charges are different for each of these accounts.

    Following articles provide detail about these charges:

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  5. 5. Which is the best 3-in-1 account?

    ICICI Bank and HDFC Bank offer the best 3-in-1 account in India. They have excellent online trading and investment platforms, a wide range of products, a large network of branches and competitive charges.

    As of Sept 2019, ICICI Bank has over 10 lakh and HDFC Bank has over 7 lakh active customers using the 3-in-1 accounts.

    Other large players offering 3-in-1 online trading accounts include:

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  6. 6. What are the benefits of a 3-in-1 account?

    The benefits of a 3-in-1 account are:

    • Unused money in saving bank account keeps earning interest.
    • Seamless online transactions between bank, demat and trading account.
    • Hassle-free settlements
    • Invest online in several products (i.e. Share, MF, NCD, FD, etc.)

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  7. 7. What are the drawbacks of a 3-in-1 account?

    While the 3-in-1 account is the most convenient way to invest in Stocks, Mutual Funds and Bonds, it also has few disadvantages:

    • Very high brokerage charges
    • Minimum balance required in saving bank account
    • Minimum brokerage charges
    • Commodity trading is not available
    • Trading platforms are not advance

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