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 available at a higher cost, because the brokerage charged is more when 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%. Brokerages of banks are generally higher than other firms, so you need to be careful.
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.
Citi Bank is an another one of the best Trading-Demat-Bank accounts. We all know that Citi bank is one of the most reputed private banks in India. This is one of the banks which provides best features for a 3 in 1 Account.
Features and benefits provided by the citi bank is
The dividend you receive for the stocks you have in your trading account will automatically get credited into your account.
You can use IPIN of your internet banking to access your trading account on laptop or desktop and MPIN for accessing your Demat account on your mobile.
You can access Demat account 24/7. You cannot trade on market holiday, but you can check various details such as Account details, holdings you have in your portfolio. Even you have a detailed view of all the transactions you did on a specific stock.
There are two types of accounts available for opening a Demat account with Citi Bank. One is Domestic Citigold, and the other is Domestic Non-Citigold.
Both Domestic Citigold and Domestic Non-Citigold charges are same like, the charges are Nil for Account Opening, Annual Maintenance Charges (BSDA), Transfer-in, Pledge Creation, etc.
Charges for Dematerialisation of shares is Rs.50 per request, Rematerialisation of shares is Rs.10 for every 100 securities, charges for Pledge Closure is 0.02%.
Before opening a demat and trading account, it is best to make sure that you compare between brokerages so that you get the best deal. You need to compare holding charges or the AMC charges, as well as the maintenance charges. So, do not look at brokerage in isolation only. Also look at the service aspects. Some brokerages do not offer you services like hard copies of the contract etc. In fact, they send it to you by mail, especially the low cost brokerage houses in the country.
A 3-in-1 Demat account is a term used to describe the account opening of a bank account, demat account and a trading account. It allows real-time fund transfers between your trading account and bank account.
Another popular best popular 3-in-1 demat and trading accounts In India is the IDBI Direct. IDBI Direct provides investors to trade in securities, and also offers Saving, and Demat Account, which are connected to an online trading account. With this facility, investors can trade in securities at a minimum price and also get priceless investment advice. Account Opening for IDBI Direct, which was initially Rs 700 is free currently. However, norms change frequently and you need to check with the bank.
Advantages of 3-In-1 Online Account
The funds or shares are directly i.e. without any paper-work and hassle free manner gets debited to or credited from the account.
All accounts typical of the online 3 in 1 account can be opened at one go using single account opening form.
The account holder can trade and invest in multiple products on an online basis.
Speedy and secure trading platform is facilitated that adds value by way of providing research, market news as well as enables trading services over net and phone.
Long term investors as well as individuals new to stock market trading will be better off by opening such an account.