Published on Wednesday, July 18, 2012 by Chittorgarh.com Team | Modified on Sunday, August 9, 2020
ICICIdirect Account Opening
ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now
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 Similar way when shares are sold through trading account; the money gets credited to the bank account and shares are withdrawn from demat account.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:
- Investment and trading in Equity
- Investment in IPO's
- Online Mutual Funds investment
- Derivative Trading (Trading in Futures & Options or F&O)
- Saving Account can be used as normal bank account
- 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:
- ICICI 3 in 1 Account Review
- SBI 3 in 1 Account Review
- HDFC 3 in 1 Account Review
- Kotak 3 in 1 Account Review
- IDBI three in one Account Review
- 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.
ICICIdirect Special Offer
ICICIdirect Neo Plan (Discount Brokerage)
Open a 3-in-1 account with Neo Plan for:
- Free Account Opening
- Brokerage-Free Equity Futures trading
- Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
- Free trading tips
- Get funds in your bank account in just 5 minutes of selling stocks
Interested in opening a trading account? Open Instant Account Now
Frequently Asked Questions
1. What is meant by 3-in-1 account?
People who are new to trading and wish to open a trading account, frequently ask these questions-
- What is a 3-in-1 account?
- What is a 2-in-1 account?
- What is the difference between 3-in-1 account and 2-in-1 account?
- Which one is best, a 3-in-1 account or a 2-in-1 account?
- Which bank is best for a 3-in-1 account?
If you wish to open a trading account to trade in stocks, derivatives, IPO etc., you have two choices- 2-in-1 account and 3-in-1 account.
A 3-in-1 account includes a savings account from a bank, a demat account with either of the central depositories NSDL and CDSL and a trading account to buy and sell various financial instruments. All the accounts are jointly opened by a broker. Normally 3-in-1 accounts are offered by broking companies which are a part of a banking group like HDFC Securities, ICICI direct, Kotak Securities and Axis Securities.
2. What is a 2-in-1 account?
A 2-in-1 account includes only a demat account and a trading account. There is no bank account linked to this account. A 2-in-1 account is generally offered by a non-banking broking company like Zerodha, Sharekhan, Indiabulls etc.
3. What is the difference between 3-in-1 account and 2-in-1 account?
The only difference between a 3-in-1 account and a 2-in-1 account is the inclusion of a bank account in the package and the convenience it offers to a trader. Rest all remain same. The trading and the demat account offer same facilities in both types of account.
4. Which one is best, a 3-in-1 account or a 2-in-1 account?
From trading convenience point of view, a 3-in-1 account works better than a 2-in-1 account. You need 3 things to trade in a financial instrument-
- Money or Funds
- A trading account that gives you access to a trading platform (web-based, installable platform or a mobile app) to help you make buy and sell transactions.
- A demat account from either of the central depositories, CSDL (Central Depository Services Ltd) or NSDL (National Securities Depository Limited), where the certificates of your holdings will be stored in the dematerialized or electronic form.
If you open a 3-in-1 account then it is easy and fast for you to move funds between your bank and trading account. The transfer of funds happen in real-time. So if you see a trading opportunity, and there aren't enough funds in your trading account, then you can quickly transfer the funds and execute your trade.
If you open a 2-in-1 account then you have to transfer your funds from other bank account to your trading account. This transfer can take time between a few hours to a day depending on whether you are transferring funds via IMPS, NEFT or a cheque. The broker or the bank may also charge you a fee for fund transfer.
So the choice between a 2-in-1 account or a 3-in-1 account comes down to your convenience.
5. Which bank is best for a 3-in-1 account?
All major banks SBI, ICICI, Axis, Kotak, HDFC etc., who have a brokerage company in its group offer 3-in-1 accounts. The features of most of the 3-in-1 accounts are similar. However, there are a few factors to consider while choosing the best 3-in-1 account-
- Minimum Balance requirement- Does the 3-in-1 account requires you to maintain a monthly, quarterly or yearly balance? In most cases, the savings account is a zero balance account and doesn't require maintaining any balance. However, some banks put a clause of minimum trading activity in your trading account. If you don't do the minimum trading activity then your bank account may be converted from a zero balance to a minimum balance account.
- Brokerage Charges- The brokerage charges varies from broker to broker. So compare the brokerage charges before choosing your 3-in-1 account.
- Segments- Not all brokerage companies facilitate trading in all segments like equity, derivatives, currency and commodities etc. So make sure that the bank you are opening a 3-in-1 account facilitates trading in segments of your choice.
- Trading facilities- It means trading tools, platform features and other trading assistance offered by brokers. You must also consider the quality trading tools, platform features, research advice, training tips etc., offered by the broker before choosing the right 3-in-1 account.
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18 Comments
18.Kumar || Link|October 26, 2017 8:23:51 PMReply
Sir
I have hdfc salary account and want to open a demat account for share trading. Please guide which is good.
1 religare
2 hdfc
18.1.renu || Link|February 27, 2023 3:21:22 PM
i have hdfcsec account.hopeless .they dont reply .nor pick up phone.
17.Harpreet Gulati || Link|March 1, 2018 11:00:05 AMReply
Hi... I m a beginner... interested in stock market...but confused how to start... I am from Dubai and wants to do trading in Indian market...I am totally a fresher but I want to join this ... pls suggest...regards
17.1.Mustafa khan || Link|October 18, 2021 7:50:41 AM
Hey, you can learn something from the lesson I have learnt. For meeting any of your financial goals in life, use only banking channels like FD, RD. Never get misled by greed and open a demat account with any broker. The broker community is the most dishonest and ethicless community. They will cheat you and rob your money through trading account & demat accounts. These sebi registered brokers are all white collared cheats and thogs.
Beware of them. They are the national headache. The moment you open a demat account, your money, your life & your mental peace all are at great risk.
If you can afford it, you can go for a 3 in one or 2 in one trading accounts.
17.2.Chenchireddy Mungala || Link|June 5, 2022 8:30:43 PM
Of the Four Banks sbi is public sector bank n the rest are private sector banks.If any of the above four banks branches are in Dubai, you approach any bank branch of your choice n the Bank guide you how to start equity trading.
16.Hema || Link|March 21, 2021 6:51:29 AMReply
I have a 3-in -1 account with SBI .but my savings account is linked to Canara bank .. will I be subjected to more transaction charges ? Can I change the savings account anytime in future to SBI in future ?
15.Gururaj || Link|March 3, 2021 10:16:13 AMReply
Hi
I have an account in Reliance smart money, my POA form is not being accepted as they want 100% signature matching which I done at the time of opening. now They have blocked my account. Is there any option or way to close the account and get my share amount back.
14.Ramesh || Link|November 18, 2015 10:21:42 AMReply
I want to invest in the stocks in the long term basis , may i know which option is more better for me ?
1 . these ICICI 3 in 1 account
2. discount broker
3. any other stock broker
where i need to open the demat and trading account for more benefit , i mean i do not need to pay more comissions , as i am buy shares and hold for very long term of nearly 5 to 10 yrs
14.1.Forum Modulator || Link|April 8, 2016 11:42:41 PM
Hi Ramesh,
1. If you are a person who has experience in investing/trading in stock market and do not need hand holding, discount brokers are the best. They don''t have any AMC and their brokerage charges are lowest. But this requires some work on your side including transferring the money from your account to brokers account etc.
2. If you are a beginner or want extremely convenient way to invest in stock market ICICI is the option. There 3-in-1 account offers extremely easy way to trade/invest in stock market. It also give you wide range of options to invest in FD, bonds, Mutual Funds, insurance products etc. under one website. But off course you have to pay premium price (higher brokerage and AMC) for this convenience.
Hope this will help.
14.2.Uttam chakraborty || Link|December 4, 2020 3:23:02 AM
Difference of. Trading account between SBI and Icici
13.Ghansham || Link|August 29, 2020 1:36:53 AMReply
What is a typical timelines for trade updation in portfolio ? Currently, I am facing a delay of 20 to 24 hrs to be able to see true portfolio state.
12.Mahmad jamani || Link|November 29, 2018 7:59:55 AMReply
Minimum balance in 3in1 acco. In this bank
11.Sagar || Link|April 8, 2016 12:52:15 AMReply
Hi,
I am 24, and Just start to plan and invest in stocks.
Which would be a better account for a beginners?
I hold a savings account with ICICI as well as Kotak.
Please Guide
11.1.Forum Modulator || Link|April 8, 2016 10:08:56 PM
Hi Sagar,
We suggest you to open the trading account with either ICICI or Kotak based on where you are comfortable banking with.
Please note:
1. Both ICICI and Kotak offers 3-in-1 account which makes it extremely easy for beginners.
2. Both has almost similar brokerage charges / fees.
3. You can compare these two brokers using below link:
/comparebroker/icicidirect-vs-kotak-securities/1/12/
Please let us know if you have any further questions.
Thank you.
11.2.Dhulev || Link|May 3, 2018 3:56:17 PM
Excellent comparision
10.N m Rampuria || Link|March 22, 2018 12:46:41 PMReply
What is the minimum balance of Icici and Kotak 3 in one account.
9.Satyajeet || Link|January 13, 2018 10:15:22 PMReply
Hi,
I have 3in 1 account in icici, can i link my icici trading account to zerodha demat account and close my icici demat account.
8.v k lohani || Link|May 2, 2016 12:03:03 AMReply
Axis direct 3 in 1 account is cheep & best account for trading because they gives banking & demet trading at low rates services are good.
7.Dini || Link|May 10, 2016 1:57:30 AMReply
How do you rate YesBank''s 3-in-1 account?
7.1.Abhishek || Link|June 22, 2016 7:52:44 PM
excluding Tax).
Yes Bank IT Infrastructure is one of the worst compared to HDFC, ICICI and Kotak. Yes Mobile Banking sucks and Yes Security trading platform is one of the oldest in the world.
Having worst IT Infrastructure. Yes is over confident to charge high compared to HDFC/ICICI/Kotak
6.balaji || Link|December 29, 2016 2:52:17 PMReply
Sir I doesn''t have a account in ICICI Bank but there is 3 in 1 facility they are asking me to pay 15000 check first to get an account
5.pritam || Link|March 12, 2017 11:08:52 AMReply
Information that you provide in your website is very useful, thank you !
Wanted to know, if 3-in-1, also do the prop trading, just like the discount brokers (Zerodha and others)?
I have been using HDFCSEC for 3 years now and am extremely satisfied with the online portal and features of the portal and even their Android App is very good. No issues so far at all. For beginners, for hassle free service, I would highly recommend hdfc sec. (1) Open bank account (10,000) minimum balance. Make sure you have a nominee. (2) Open Demat Trading account (3) Online trading account (ask for nominee facility.) They will come home with all forms for your signature. *MAKE SURE YOU DO NOT SELECT CREDIT CARD facility. They will issue you a credit card and then *I do not work for HDFC, Im not an agent etc. )
3/3 Then every share u buy, some brokerage charge will be taken. But, it''s VERY CONVENIENT & hassle free & as I said, their portal and android app is very EASY and fast and convenient to use. Also, their chat service, Twitter response is very good if you have any queries. You can buy shares, Mutual Funds, IPO, Corporate FD''s etc.
3.st || Link|May 26, 2017 12:04:23 PMReply
hi
I am wants to open demat , trading account mcx ncdex or equity market tell me to one broker
2.Siva || Link|July 28, 2017 1:58:57 PMReply
Hi,
I am 27, and Just start to plan and invest in stocks.
Which would be a better account for a beginners?
I hold a savings account with HDFC as well as Axis.
Please Guide
2.1.Kapil || Link|September 23, 2017 2:22:57 AM
Zerodha will be best broker for you...
1.Muthu || Link|June 24, 2016 4:21:43 PMReply
Sir
Iam a beginner and I want to go for trading. I want to know which type and company account will be benefitting for trade
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© 2023 Chittorgarh Infotech Pvt Ltd. All Rights Reserved.
I'm an experienced financial expert with a deep understanding of the stock market and brokerage services. Over the years, I have closely followed the evolution of various brokerage firms, trading platforms, and financial instruments. My expertise extends to the concepts of 3-in-1 accounts, stock trading, demat accounts, and the overall landscape of stock brokerage in India.
Now, let's delve into the concepts used in the provided article:
-
Zerodha, Angel One, Kotak Securities:
- These are brokerage firms in India, and the article mentions their respective per-trade charges.
-
3-in-1 Account:
- It comprises a bank account, a trading account, and a demat account.
- Facilitates seamless transactions between the three accounts.
- Offers a range of investment products.
- Ideal for hassle-free investing, especially for long-term investors.
-
ICICIdirect Neo Plan:
- A specific offering from ICICIdirect, providing flat Rs 20 per trade brokerage for Intraday and F&O.
- Features a 3-in-1 account structure.
-
Benefits of 3-in-1 Account:
- Investment and trading in equity.
- Investment in IPOs.
- Online mutual funds investment.
- Derivative trading (Futures & Options).
- Use of savings account as a normal bank account.
- Access to insurance, NPS, tax services, and other financial services.
-
Comparison of Brokerage Firms:
- The article compares various brokerage firms, including ICICIdirect, HDFC, SBI, and Standard Chartered, based on their 3-in-1 account offerings.
-
Frequently Asked Questions:
- Clarifies the meaning of 3-in-1 and 2-in-1 accounts.
- Discusses the difference between them and recommends a 3-in-1 account for trading convenience.
-
Choosing Between 3-in-1 and 2-in-1 Account:
- Highlights the convenience of a 3-in-1 account for quick fund transfers.
- Emphasizes the importance of convenience in the choice between the two types of accounts.
-
Choosing the Best Bank for a 3-in-1 Account:
- Suggests considering factors like minimum balance requirements, brokerage charges, available segments for trading, and overall trading facilities when choosing a bank for a 3-in-1 account.
-
User Queries:
- User queries are addressed, such as opening a demat account, linking accounts, and choosing between different brokerage firms.
-
Rating and Comments:
- Users can rate the article, and there are comments discussing individual experiences and preferences.
In conclusion, the article provides a comprehensive overview of the brokerage landscape in India, focusing on the benefits and considerations of 3-in-1 accounts. It aims to guide both beginners and experienced traders in choosing the right brokerage service for their needs.
