ICICI 3 in 1 Account | Means, Minimum Balance, Benefits (2024)

More on Demat Account

ICICI Direct is a bank-based full-service stockbroker, offering brokerage services for more than 20 years. It offers a unique and seamless trading experience to its customers through ICICI 3 in 1 account.

Wondering what ICICI 3 in 1 account means? Well as the name goes, it is the combination of trading, demat, and bank account.

Now since to trade in the stock market you need a different account to hold your shares (demat account), to buy & sell securities (trading account), and for the transaction of funds (bank saving account), So here the ICICI direct comes with the advantage for its customer by offering all three accounts together.

So, if you are thinking of opening an account with one of the best stockbrokers in India, then here is the complete information on account opening, process, and charges.

ICICI Demat Account

Demat account plays a vital role in the share market, as it holds your securities in an electronic form. ICICI Demat account opens the gateway for investors like you to trade in different products including equity, ETFs, Gold, mutual funds, derivatives, currency, etc.

Along with this, the broker offers advanced mobile and desktop trading platforms like ICICI Trade Racer to trade thus making the whole process simple and easy.

With ICICI 3 in 1 account, also known as ICICI online trading account you can actually manage your demat, trading, and bank account together.

ICICI demat account is thus useful in carrying out online trading by streamlining the overall process of transaction of shares bought and sold under different trading segments including equity, currency, mutual funds, bonds, etc.

ICICI 3 in 1 Account Opening

Wondering how to open the ICICI 3 in 1 account?

Well! here again, the broker comes up with the facility of online account opening thus saving time and energy of its customers. So, now you can actually open the account with your smartphone or laptop with a good internet connection without leaving your comfort zone.

ICICI 3 in 1 Account Opening Online

So are you are ready to get your account with ICICI Direct? Let’s make it a bit simpler for you. Here are the steps to be followed to open your account within few minutes.

Visit the ICICI Direct website and get started by entering your mobile number on the page.
Verify your mobile number by entering the OTP.
Now enter your PAN card details, and DOB.
Proceed further by entering your Aadhar number and allowing ICICI Direct to access your Digi locker.
Enter some other basic details including your primary source of income, residence, educational qualification, etc.
Now select the user ID (mobile number or email ID) and set the password.
The last step is e-sign where you need to enter your Aadhar number and OTP sent to the mobile number linked with your Aadhar.
Once done, your account gets activated within a few hours.

After opening an account, know the right way of how to use Demat account ICICI for trading and for other services.

ICICI 3 in 1 Account Documents

As mentioned above, there are some documents you need to submit while opening 3 in 1 account with ICICI Direct.

In general, you need to keep two basic documents handy to avoid any last-minute hassle. This includes:

Aadhar Card (linked with your registered mobile number).
PAN Card

In case, you want to trade in derivatives segments, then you need to submit additional documents of income proof. This includes:

Salary Slips (last 6 months)
Bank account statement (last 6 months)

Charges for Demat Account in ICICI

Now comes an important aspect, the charges imposed by the broker to open 3 in 1 account. Well, to open the account with the broker, generally there are two types of charges:

ICICI Direct account opening charges
Annual Maintenance Charges

Since ICICI Direct comes up with different schemes, so the account opening fees vary between ₹0-₹975.

However, if you want to open the ICICI 3 in 1 account for free then get in touch with us.

Other than this there are AMC charges. Again the annual maintenance charges for 3 in 1 account depends upon the brokerage plan you opt for. For the investors opening an account with the default plan, they need to pay the AMC of ₹700+18% GST from the second year onwards.

On the other hand, investors opting for ICICI NEO Plan need to pay the AMC of ₹300+18% GST from the first year onwards.

The complete detail of the ICICI Demat account charges is tabulated below:


ICICI Demat Account Opening Charges
Demat Account Opening Charges	₹0-₹975
AMC Charges	₹700 (waived off for first year)
	₹300 (first year onwards for customers opted for NEO Plan)
DP Charges	₹20+18% GST

ICICI 3 in 1 Account Minimum Balance

Since the 3 in 1 account includes your saving account too, there you need to maintain a minimum monthly balance in your ICICI bank account to avoid penalty.

Here is the detail of the minimum balance to be maintained in your account.


ICICI 3 in 1 Account Minimum Balance
Metro and Urban locations	₹10,000
Semi-urban locations	₹5000
Rural locations	₹2000
Gramin locations	₹1000

In case, you fail to keep a minimum balance in the ICICI bank account, you are charged with the penalty fees of ₹100+5% of the shortfall of the amount in the account.

Is ICICI 3 in 1 Account Good?

After covering all the important information of ICICI 3 in 1 trading account, are you still concerned about the safety and security of the account and services? If yes, then let’s make it easier for you to check the reliability of the broker and the security of the account.

ICICI Demat account gives you the safest mode to do and track your online investment transactions. Also, you can keep an eye on any kind of unauthorized transaction by availing of the alerts on your registered mobile number.

ICICI 3 in 1 Account Benefits

Opening a 3 in 1 account with ICICI Direct offers you benefits like:

You can trade in different trading products like equity shares, bonds, mutual funds, IPO with both the major stock exchanges NSE and BSE.
The broker offers you multiple brokerage plans thus offering you options to trade in the different segments at the minimum cost.
Along with this, you can easily access the demat account and its transactions.
Also, you can trade using different trading platforms and carry out the transactions via the internet, telecall, mobile app, etc.
You can avail free research tips and advice from experts to plan investment or trade across different segments.
Above all you can earn additional money and cashback under ICICI Direct refer and earn program, where for each referral you can earn up to ₹750.

ICICI 3 in 1 Account Disadvantage

With so many benefits, there are some disadvantages too that are associated with opening 3 in 1 account with ICICI Direct. Some of them are:

The broker charged high brokerage as compared to other full-service stockbrokers.
The trading app especially the mobile app still lacks many of the features thus making it a bit difficult for traders to execute smooth trade.

Conclusion

With many few stockbrokers, ICICI Direct is the one offering 3 in 1 account facility to its customers. Thus, the investor is free from linking different accounts to carry out the trade.

Also, the online opening process makes it easy even for newbies to get their account opened in no time. So why wait for more, get your account opened now.

In case, you are looking ahead for assistance, we are there for you. Just fill in the basic details in the form below and get your account opened.