Best NRI 3-in-1 Account

Best NRI 3-in-1 Account (Compare Bank Charges, Read Reviews)

A 3-in-1 NRI Account is a stock market investment account designed for NRIs. It consists of NRI Bank Accounts (NRE or NRO), PIS Permission, NRI Trading & NRI Demat Account. Some NRI stock brokers also offer PAN Account opening services. The account is also advertised by some brokers as 4-in-1 account as it includes 2 bank accounts; NRE and NRO for repatriable and non-repatriable investments.

Best 3-in-1 Account for NRI

Broker Acct Opening Fee Brokerage Charges Request Callback Review
ICICI Direct₹40000.50% - 1.25%Open AccountICICI Direct Review
HDFC Securities₹25000.75%Open AccountHDFC Securities Review
Kotak Securities₹37501.00%Open AccountKotak Securities Review
AxisDirect₹25000.75%Open AccountAxisDirect Review
IDBI Capital₹15000.50%Open AccountIDBI Capital Review
Yes SecuritiesOpen AccountYes Securities Review

PIS linked NRI 3-in-1 account is mostly offered by banks who also offer stock broking services. The bank NRI 3-in-1 account is offered by top banks in India including ICICI, SBI, HDFC and Axis Bank, etc.

Other full-service and discount stock brokers like Sharekhan, Zerodha, and Prostocks also offer an NRI 2-in-1 account (trading + demat account). They have tie-ups with certain banks wherein they help you open bank accounts and link them to their trading and demat accounts.

 

ProStocks Non-PIS NRO Trading

 

NRI 3-in-1 Account Benefits

  1. Easy account opening as all 3 accounts is opened at once.
  2. Interest earned on surplus money in your savings bank account which is not being used for trading.
  3. Easy online investment across a wide range of products i.e. Stock Market, Bank FD, Corporate FD, Bonds, Insurance, SIP, Mutual Funds, etc.
  4. The quick trading facility as fund transfer is seamless and real-time between accounts. In a 2-in-1 NRI account, you first need to transfer money from bank to trading account which may take time.

Note:

  1. NRIs who want to trade in equity derivatives must open Custodial Account in addition to a 3-in-1 account. Some stock brokers are registered clearing members, so if you are opening an account with them, you don't need to open a separate custodial account. With others, you need to open a custodial account.
  2. The NRI 3-in-1 account charges (brokerage, AMC) are higher in comparison to brokers offering 2-in-1 account but it does making trading easier and faster.

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