Posted on 7th Jun 2018
by Team TopShareBroker
3 in 1 account is the perfect combination of Saving Bank Account, Trading Account and Demat Account with the same service provider all rolled into one for hassle free online investment. All three account need to be open with same broker to avail its benefits. It enables you to trade without going through the hassles of paperwork - making your trading experience simpler and more convenient at the cost of paying a little bit higher brokerage.
The 3-in-1 account is a joint offering by ICICI Bank Ltd and I-Sec that integrates the Trading account (maintained with I-Sec), Bank account (maintained with ICICI Bank Ltd) and beneficiary demat account (maintained with ICICI Bank Ltd in its capacity as a Depository Participant). This feature makes ICICIDirect the most popular share broker in India. Invest in equity, derivatives, mutual fund and IPOs hassle free with no paper work.
ICICI has made 3 in 1 account opening completely free.
Kotak 3-in1 Account is a unique account that integrates Kotak Securities Online Trading Account, Bank Account with Kotak Mahindra Bank, and Demat Account on a single platform for your stock market transactions.
Kotak charges Rs 750 for all three accounts.
You will need an ordinary savings account with SBI Bank Ltd that will be linked with SBISmart trading account for online investing. Savings/Current account will be held with SBI while Demat and Online Trading account will be held in the books of SBI Cap Securities Ltd.
Account Opening Fee for all three accounts with SBICAP securities is Rs 850 for individual and Rs 1000 for non individual.
Kotak 3-in1 Account is a unique account that integrates Kotak Securities Online Trading Account, Bank Account with Kotak Mahindra Bank, and Demat Account on a single platform for your stock market transactions
.Kotak charges Rs 750 for all three accounts.
Axis Direct offers you the 3-in-1 Online Investment Account which is a perfect combination of a Savings Account with Axis Bank, Trading Account and Demat Account, all rolled into one. The account allows you to trade online at AxisDirect.in as well as place orders over the phone through our "Trade-on-Phone" services.
Opening Charges for AxisDirect Investment Kit is Rs 1,275.
For people who trade in securities, the IDBI bank offers the 3 in 1 account in wherein Saving and Demat Account are linked to the Online Trading account. With this facility customers can trade in securities at nominal rates and also get invaluable investment advice.
Account Opening is Rs 700 which IDBI has made free for now.