Last updated on 10th Aug 2020
by Team Top Share Brokers
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A 3-in-1 account is the perfect combination of Bank, Trading and Demat Account with the same service provider all rolled into one for hassle-free online investment. All three accounts need to be open with the same financial institution 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.
Benefits of 3-in-1 Account are:
NRI can open an NRO Bank account to Invest in Indian Stock Market. With an NRE account, you need to get PIS letter. For more detail on NRI Trading refer detail article.
Zerodha as a discount broker has done a tie-up with IDFC bank to provide a 3-in-1 account. With this, you need to open a bank account with IDFC bank and trading , demat account with Zerodha. You can submit a combined POA for all 3 accounts. Even though the bank and trading account company are different, but have full integration like 3-in-1 account. For more details on Zerodha 3-in-1 account refer detail article.
Below is the list of "Best Brokers for Online 3 in 1 Account in India" or "Best Bank for Demat Account" or "Top 5 Brokers with 3-in-1 account".
Rated-4/5 Overall
The 3-in-1 account is a joint offering by ICICI Bank Ltd and I-Sec that integrates the Trading account (maintained by I-Sec), Bank account (maintained by ICICI Bank Ltd) and beneficiary demat account (maintained by 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, currency, ETFs, Bonds, NCD, mutual fund and IPOs with no paperwork.
ICICI has made 3 in 1 account opening completely free.
Rated-4/5 Overall
Kotak 3-in-1 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.
Rated-4/5 Overall
You will need a saving account with SBI Bank Ltd that will be linked to SBISmart trading account for online investing. The savings/current account will be held with SBI, while Demat and Online Trading account will be held on the books of SBI Cap Securities Ltd. SBI is the most popular bank for an online demat account.
Account Opening Fee for all three accounts with SBICAP securities is Rs 850 for individual and Rs 1000 for non-individual.
Rated-4/5 Overall
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. The company offers free market research, IPO investment, and Mutual Fund Platform.
Kotak charges Rs 750 for all three accounts.
Rated-3.5/5 Overall
Axis Direct offers you a 3-in-1 Online Investment Account which is a perfect combination of a Savings Account with Axis Bank, Trading Account and Demat Account with Axis Direct, 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.
Account opening charges for the AxisDirect Investment Kit is Rs 1,275.
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