A new investor who is looking to invest in stocks should open Demat and Trading account to buy and sell shares in India. Demat account is necessary as it will hold your shares in dematerialize form or in electronic form.
Trading account is mainly for placing buy sell orders and Savings account is required to transfer the profit made from buy and sell orders.
3 in 1 account is a combination of demat, trading and savings account. We wish to emphasize that the three in one account with banks, is generallly high, because the cost of brokerage is high as compared to other brokerage firms like Sharekhan or low cost brokerages like Zerodha.
Here are best banks offering 3 in 1 demat and trading account in India:
ICICI Securities customers can do different transactions such as investing in stocks, IPO, mutual funds, derivatives etc., through their 3 in 1 accounts.
Brokerage charges will depend on the amount and number of transactions.
You can buy and sell stocks on the Online Securities Platform with the conventional method of buying with 100% cash at the time of purchase.
Individuals can place an order with a wanted price level, which will be valid for 45 days. The order only gets executed when the stock reaches the mentioned price.
Investors looking for mutual funds investment can invest in over 2,000 mutual fund schemes online with safety and convenience. Also one can avail research views on over 200 mutual fund schemes.
Individuals can get a capital gains statement for investments at one click.
IPO investment was never this easy as an investor don't need to worry about a refund if shares aren't allotted with ASBA facility.
HDFC Bank is one of the leading Depository Participants (DP) in the country. Individuals get a waiver on the Annual Charges of Rs 750/- for the first year.
The trading account in HDFC is the Next Generation Trading & Investments Platform and tool with Advanced Portfolio tracker, Research Assist Watchlist, Customized stock alerts for easy & convenient Trading.
The bank charges 0.50% or Rs.25 or ceiling of 2.5% on transaction value for both buy & sell. Securities transaction charges is applicable at 0.125%.
SBI under SBI securities offers services such as equity investment, retail equity, derivatives etc, SBI charges around Rs 500 for opening an account and maintenance charges will be around Rs 400 for an individuals and Rs 800 for non individuals.
Under cash segment, the bank charges around 0.50% on the value of delivery turnover.
Individuals should note that Transfer Instruction For Delivery (TIFD) booklet for newly opened Demat account with SBI Cap Securities Ltd will not be dispatched. One has to request for the same through REQUISITION SLIP and submit at the branch.
The Kotak 3-in1 Account is a unique account that integrates an Online Trading Account, Bank Account, and Demat Account on a single platform for your stock market transactions.
Bank has competitive brokerage rates, as well as low account maintenance charges for your Demat account.
An investor can call & trade to invest in Equities, Mutual Funds and IPOs. There is also the facility of margin against securities for intraday trades at no additional cost.
The brokerage offers a fee as low as 0.18 per cent and trading brokerage of 0.03 per cent on the value. There are different trading and demat accounts available based on the need and requirement.
Axis Direct is among very few brokers who offers integrated Trading-Demat-Bank accounts. There are two types of plan available with Axis Direct -Fixed Brokerage Plan and Variable Brokerage Plan.
Axis Direct charges minimum brokerage of Rs 20 per trade or 2.5% of the trade value whichever is lower. Charges flat 1 paisa to 6 paise per share brokerage on stocks priced less then Rs 10 per share.