Best 3 in 1 Account in India – ICICI, HDFC, SBI, Kotak, Axis

Published on Wednesday, July 18, 2012 by Chittorgarh.com Team | Modified on Sunday, August 9, 2020

The 3-in-1 account consists of 3 separate accounts open together including a Bank Account (a normal bank account where your money resides), a Trading Account (a share broker account which allows you to trade in equity, F&O etc. segments) and a Demat account (it holds the equity shares purchased by you).

 

3-in-1 Account = Bank Account + Trading Account + Demat Account

 

The beauty of 3-in-1 account is seamless transaction between these three accounts. It also offers a wide range of investment products under this account.

When the account holder buy shares through trading account; the money gets automatically debited from the saving bank account and share are automatically credited to the demat account. Similar way when shares are sold through trading account; the money gets credited to the bank account and shares are withdrawn from demat account. The money remains in your bank account can be used like any normal bank account (i.e. you can withdraw that using your debit card).

 

 

 

While the cost of trading is generally high with the companies offering 3-in-1 account, the hassle-free investing and integrated financial solution provides unique benefits. These accounts are especially good for people who invest in the stock market for long term basis or people who do not mind paying a little more brokerage for the hassle-free service.

If you are a beginner in the stock market or an investor in the market (not a regular trader) then this type of account is highly recommended.

Other benefits of 3-in-1 account include:

1. Investment and trading in Equity
2. Investment in IPO's
3. Online Mutual Funds investment
4. Derivative Trading (Trading in Futures & Options or F&O)
5. Saving Account can be used as normal bank account
6. Insurance, NPS, Tax Services & many more financial services

ICICI 3-in-1 trading account is the oldest and most popular service provided by ICICI Bank. Their strong network of branches makes this account very attractive. HDFC 3-in-1 trading account is another very popular and equally good service provider. SBI 3 in 1 account and standard chartered 3 in 1 account are also provides good investment options.

To know more about the services offered by these companies, their reviews, complaints and rating; please visit the broker page through the link below:

1. ICICI 3 in 1 Account Review
2. SBI 3 in 1 Account Review
3. HDFC 3 in 1 Account Review
4. Kotak 3 in 1 Account Review
5. IDBI three in one Account Review
6. Axis Bank 3-in-1 Account Review

Note: If you already have a saving bank account or demat account, it can be linked to trading account to make it 3-in-1 trading account.