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Purpose of 3-in-1 Account
It may be challenging to create and manage many accounts with different companies for diverse purposes.
For example, if you want to start a demat account, you must first complete the necessary paperwork, then link your bank account to the demat account, and then generate separate account credentials to access the account.
If you want to keep all of your funds in one place, a three-in-one account (demat, trading, and savings) is a practical alternative.
If you have a 3-in-1 account, you may instantly move money between your bank and trading accounts. Through their subsidiaries, banks offer stock brokerage services.
With the other hand, on a three-in-one Demat account, banks charge exorbitant brokerages for intraday and delivery.
If you trade stocks on a daily basis or invest in stocks on a regular basis, you will spend a significant amount in brokerage. Only if you make a few stock transactions during the year is a 3-in-1 bank account appropriate.
Instead, you may register a 3-in-1 account with stockbrokers like as Upstox and Zerodha, who work with banks to provide 3-in-1 accounts. You receive all of the advantages of a 3-in-1 account while also saving money on brokerage.
You may read about the 10 Best 3-in-1 accounts in India for 2022, which will help you trade more efficiently.
Upstox and IndusInd Bank’s IndusStox 3-in-1 account combines the advantages of cheap flat brokerage of up to Rs. 20 and a zero balance savings account.
Related: 11 Best Bank to Open Account in India : 2022 High Interest List
Trading Platform
Table of Contents
#1. Upstox Pro Web
Upstox Pro Web is a web-based trading tool that includes comprehensive charting and over 100 indicators.
The Pro web platform includes API integration capabilities, algo trading, drag and drop tools, and access to real-time market data, as well as one-click trade to swiftly purchase and sell.
#Upstox NEST Trader Desktop
NEST Trader is a desktop trading platform featuring a customized interface, low latency, multi-monitor support, and comprehensive charting capabilities.
# Upstox Pro Mobile App
The Upstox Pro mobile app is available on both Android and iOS platforms. The program allows you to keep track of market movements, stock/index values, and analyze them using over 100 technical indicators.
No. 2. Zerodha 3-in-1 Account (Pay Flat Rs 20 Brokerage)
The Zerodha IDFC First Bank 3-in-1 account allows you to trade without interruption. From your trading account, you may view and track all of your assets in real time, including stocks, bonds, mutual funds, and cash.
The account eliminates the need for time-consuming authentication and allows you to move funds to your trading account with a single click.
Brokerage Fees
| Trading Type | Brokerage Fees |
| Equity Delivery | Rs. 0 |
| Equity Intraday | The lower of Rs. 20 or 0.03 percent per completed order. |
| Equity Futures | The lower of Rs. 20 or 0.03 percent per completed order. |
| Equity Options | Each completed order costs Rs. 20. |
| Currency Futures and Options | The lower of Rs. 20 or 0.03 percent per completed order. |
| Commodity F&O | The lower of Rs. 20 or 0.03 percent per completed order. a yearly fee |
Annual Fee
| Specifics | Fees & Charges |
| Opening fees for trading and demat accounts. | Rs. 200 |
| Account for commodities. | Rs. 100 |
| Fees for maintaining a trading account on a yearly basis. | Rs. 0 |
| Fees for maintaining a demat account on a yearly basis. Platform for trading. | Rs. 300 |
Trading Platform
#1. Kite 3.0
Kite 3.0 is a web-based trading platform with a modern design, real-time widgets, and comprehensive charting.
For 90,000+ equities and F&O contracts from the BSE, NSE, and MCX, the platform provides 20 market depth or level 3 data.
#2. Kite Mobile App
To use all of Kite 3.0’s capabilities, the Kite Mobile App requires 0.5 Kbps. The software allows users to log in using their fingerprint or face.
Kite Mobile runs on Android and iOS and offers 100 indicators, six chart formats, and the ability to make BO/CO orders.
Best 3-in-1 Bank Account in India
3. ICICI Direct’s 3-in-1 Account
With an ICICI Direct 3-in-1 online account, you may trade stock, derivatives, and other assets on the NSE and BSE (currency & commodity). In addition to research consulting, PMS, and wealth management, ICICI provides several value-added services.
This account can also be used to invest in mutual funds, initial public offerings, and life insurance.
Fees for Brokerage
There are four plans available via ICICI Direct:
- The i-Secure Plan
- Prepaid Brokerage Plan
- The ICICI Direct Prime Plan
- The ICICI Direct Neo Plan
a) Brokerage fees for the i-Secure Plan
Brokerage is levied at a variable proportion based on quarterly turnover.
| Trading Category |
Brokerage Charges |
| Equity Delivery | 0.55 percentage point ( that includes buy and sell). |
| Equity Intraday | 0.275 percentage point (the second leg is not charged). |
| Equity Futures | On the second leg, the commission is 0.050 percent plus a fixed fee of Rs. 50. |
| Equity Options | On the second leg, you’ll pay Rs. 95 per lot plus a fixed brokerage of Rs. 50 |
| Currency / Commodity Futures | Each order costs Rs. 20. |
| Currency Options | Each order costs Rs. 20. |
The i-Secure Plan’s brokerage for Margin and Margin Plus is 0.050 percent.
#2. Brokerage fees involved in Prepaid Brokerage Plan
| Prepaid value | Delivery brokerage | Intraday/ Futures | Equity Options | Currency F&O and Commodity Futures |
| Rs. 5,000 | 0.25% | 0.025% | Each lot costs Rs. 35. | Each order costs Rs. 20. |
| Rs. 12,500 | 0.22% | 0.022% | Each lot costs Rs. 30. | Each order costs Rs. 20. |
| Rs. 25,000 | 0.18% | 0.018% | Each lot costs Rs. 25. | Each order costs Rs. 20. |
| Rs. 50,000 | 0.15% | 0.015% | Each lot costs Rs. 20. | Each order costs Rs. 20. |
| Rs. 1,00,000 | 0.12% | 0.012% | Each lot costs Rs. 15. | Each order costs Rs. 20. |
| Rs. 1,50,000 | 0.09% | 0.009% | Each lot costs Rs. 10. | Each order costs Rs. 20. |
#3. Brokerage Fees involved in ICICI Direct Prime Plan
| Prime Plan | Scheme validity | Delivery brokerage | Intraday/ Futures | Equity Options | Currency F&O | Commodity Futures |
| Rs. 299 | Annual | 0.27% | 0.027% | Each lot costs Rs. 40. | Each order costs Rs. 20. | Each order costs Rs. 20. |
| Rs. 999 | Annual | 0.22% | 0.022% | Each lot costs Rs. 35. | Each order costs Rs. 20. | Each order costs Rs. 20. |
| Rs. 1,999 | Annual | 0.18% | 0.018% | Each lot costs Rs. 25. | Each order costs Rs. 20. | Each order costs Rs. 20. |
| Rs. 2,999 | Annual | 0.15% | 0.015% | Each lot costs Rs. 20. | Each order costs Rs. 20. | Each order costs Rs. 20. |
#4. ICICI Direct Neo Plan
| Segment | Brokerage |
| Equity Intraday | Each order costs Rs. 20. |
| Equity Futures | Each order costs Rs. 0. |
| Equity Options | Each order costs Rs. 20. |
| Currency Future and Options | Each order costs Rs. 20. |
| Commodity Future and Options | Each order costs Rs. 20. |
For the Neo plan, you must pay a one-time price of Rs. 299 as a one-time membership fee. On both legs, the F&O brokerage will be charged.
There is an annual fee.
The following are the fees for establishing an account.
| Specifics | Fees & Charges |
| New Trading and Demat account opening charges & Fees | Rs. 0 |
| Fees for maintaining a demat account on a yearly basis. | Rs. 700 |
Platform for Trading
In the web, desktop, and mobile versions of the ICICI 3-in-1 account, a trading platform called “Trade Racer” is included.
For a better trading experience, the platform integrates the iClick2Gain tool, Live Scanner, and Heat Maps.
4. HDFC Securities 3-in-1 Account
You may trade and invest in a variety of assets, including US equities, with the HDFC 3-in-1 account. Loans against your stocks, bonds, and mutual funds are among the value-added services available.
The drawback of this account is that using the trading platform “Pro Terminal” costs Rs. 1,999. You may also be required to maintain a minimum amount with HDFC Bank, depending on the type of savings account you have.
HDFC Securities additionally offers two types of accounts: 2-in-1 (trading Plus demat) and 1-in-1 (trading alone).
Brokerage Fees
| Specifics | Brokerage Fees |
| Equity Delivery Trades | 0.50 percentage point (for both buy and sell orders) OR a minimum transaction amount of Rs. 25, OR a maximum transaction value of 2.5 percent (both buy and sell). |
| Equity Intraday Trades | 0.05 percentage point (for both buy and sell orders) OR a minimum transaction amount of Rs.5 percent (both buy and sell). |
| Equity Futures | On transaction value, 0.025 percent OR a minimum of Rs. 25, OR a maximum of 2.5 percent (both buy and sell). |
| Equity Options | 1% of the premium amount or Rs.100 per lot, whichever is greater (Both Buy & Sell). |
| Currency Futures | On either side, there is a brokerage fee of Rs. 12 per trade. |
| Currency Options | Each side pays a brokerage fee of Rs. 10 per trade. |
| Commodity Futures | 0.020 percent of the total order value, or a minimum of Rs.20 |
| Commodity Options | 100 rupees per lot |
Yearly Fees
The following are the account opening fees:
| Particulars | Charges |
| Fees for opening a trading and demat account | Rs. 0 |
| Charges for annual upkeep. | Rs. 750 |
| Charges for using the trading platform | Rs. 1,999 |
There is a Rs. 250 fee to enable currency trading if you wish to trade currency derivatives.
Trading Platform
#1. HDFC Pro Terminal
HDFC Pro Terminal is a web-based trading program that aids in market trend and momentum analysis.
Stock screeners, portfolio trackers, watchlists, and RADAR tools are all available on the site.
HDFC Securities App is number two.
The HDFC Securities App is available for both iOS and Android devices. The software facilitates trading by delivering real-time market data, trades in a few clicks, and IPO applications.
Related: How to invest in Bitcoin in India | Buy & Sell Bitcoin | Bitcoin Investment in India
#5. Kotak Trinity 3-in-1 Account
The main advantage of the Kotak Trinity 3-in-1 account is that it enables you to transfer easily any amount of money to your trading account on any required day, with no cap and upper limit.
After Market Orders can be placed and will be delivered to stock exchanges once the following trading session begins.
However, there is a Rs. 750 account opening cost charged by Kotak Securities, and the Trinity 3-in-1 account takes about 10 days to open.
Fees for Brokerage
Dynamic Brokerage, Fixed Brokerage, Shubh Trade Brokerage, and Advance Brokerage are the four brokerage programs available.
1. Brokerage Plan with a Fixed Price.
| Segment | Brokerage |
| Equity Delivery | 0.49 percent, with a minimum share price of 4 paise. |
| Intraday (both sides) | 0.049 percent or Rs. 21 per performed order, whichever is greater. |
| Futures (both sides) | 0.049 percent Minimum 3 pence per share, subject to a 2.5 percent contract value maximum. |
| Options | Per lot, Rs. 300 |
2. Dynamic Brokerage Plan
Delivery Trades
| Slabs | Brokerage (both the sides) |
| < Rs. 1 Lakh | 0.59 percent |
| From Rs. 1 Lakh to Rs. 5 Lakh | 0.55 percent |
| From Rs. 5 Lakh to Rs. 10 Lakh | 0.45 percent |
| From Rs. 10 Lakh to Rs. 20 Lakh | 0.36 percent |
| From Rs. 20 Lakh to Rs. 60 Lakh | 0.27 percent |
| From Rs. 60 Lakh to Rs. 2 Crores | 0.23 percent |
| > Rs. 2 Crores | 0.18 percent |
Intraday Trades
| Slabs | Brokerage (both the sides) |
| < Rs. 25 Lakh | 0.06 percent |
| >Rs. 25 Lakh | 0.05 percent |
Futures
| Slabs | Brokerage (both sides) |
| Less than Rs. 25 Lakhs | 0.06 percent |
| From Rs. 25 Lakhs to Rs. 2 Crores | 0.05 percent |
| From Rs. 2 Crores to Rs. 5 Crores | 0.04 percent |
| > Rs. 5 Crores | 0.03 percent |
Options – Brokerage on both sides of the transaction.
| Monthly Premium Volume | Intraday Brokerage | Settlement Brokerage | Minimum Brokerage per lot |
| Up to Rs. 4 Lakhs | 2.5 percent | 2.5 percent | Rs. 300 |
| From Rs. 4 Lakhs to Rs. 11 Lakh | 2.25 percent | 2.5 percent | Rs. 240 |
| More than Rs. 11 Lakhs | 1.8 percent | 2.3 percent | Rs. 180 |
Currency Derivatives
| Monthly Volume Slab | Currency Futures | Currency Options |
| Rs. 0 to Rs. 3 Crores | 0.040 percent or Rs. 20 whichever is higher | Each lot costs Rs. 20. |
| Rs. 3 Crores to Rs. 8 Crores | 0.036 percent or Rs. 18 whichever is higher | Each lot costs Rs. 18. |
| Rs. 8 Crores to Rs. 15 Crores | 0.030 percent or Rs. 15 whichever is higher | Each lot costs Rs. 15. |
| Rs. 15 Crores to Rs. 30 Crores | 0.020 percent or Rs. 10 whichever is higher | Each lot costs Rs. 10. |
| More than Rs. 30 Crores | 0.015 percent or Rs. 7.5 whichever is higher | Each lot costs Rs. 7.5. |
3. Advance Brokerage Plan – (Brokerage rates are applicable on both sides transactions)
Fees are calculated as a percentage of the trade value with the Advance Brokerage plan. After the 12-month plan term ends, the brokerage is reversed.
Consider the following illustration:
If you select Plan B and no brokerage is created, the entire advance charge of Rs 10,000 will be refunded to you.
Only Rs. 10,000 is reversible when the brokerage produced is Rs. 15,000
If the brokerage is Rs 8,000 over the course of a year, the Rs 2,000 balance will be reversed.
| Particulars | Plan A | Plan B | Plan C | Plan D |
| Fees | Rs. 5000 | Rs. 10,000 | Rs. 50,000 | Rs. 2,00,000 |
| Delivery | 0.39 percent | 0.29 percent | 0.19 percent | 0.12 percent |
| Intraday | 0.040 percent | 0.035 percent | 0.030 percent | 0.015 percent |
| Futures | 0.040 percent | 0.035 percent | 0.030 percent | 0.015 percent |
| Options | Rs. 225 per lot | Rs. 225 per lot | Rs. 150 per lot | Rs. 150 per lot |
| Currency Futures | The highest of 0.024 percent or Rs. 12 per lot. | 0.020 percent of the lot value or Rs. 10 per lot, whichever is greater. | 0.016 percent of the lot value or Rs. 8 per lot, whichever is greater. | The highest of 0.016 percent or Rs. 8 per lot. |
| Currency Options | 12 rupees per lot | 8 rupees per lot | Rs. 8 per lot | 8 rupees per lot |
4. Shubh Trade Brokerage Plan
To participate in the Shubh Trading plan, you must have a cash margin of Rs. 1 lakh.
| Segment | Brokerage |
| Equity Delivery | 0.49 percent, with a minimum of 4 paise each share. |
| Intraday (both sides) | 0.049 percent or Rs. 21 per executed order, whichever is greater, with a minimum of 3 paise per share. |
| Options (both side) | Each lot costs Rs. 21. |
| Futures (both sides) | 0.049 percent Minimum 3 paise per share, subject to a 2.5 percent contract value maximum. |
| Currency Futures (both sides) | 0.020 percent of the lot value or Rs. 10 per lot, whichever is greater. |
| Currency Options (both sides) | 10 rupees per lot |
Annual Fee
| Fees for creating a trading account are Rs. 750. | Rs. 750 |
| Fees for establishing a Demat Account are Rs. 0. | Rs. 0 |
| The AMC for trading accounts is nil. | Nil |
| AMC for a Demat Account | Rs. 50 per month |
Trading Platform
#1. Kotak Website
The Kotak Website is a web-based trading platform accessible straight from the Kotak Securities website.
You may trade in stocks, derivatives, initial public offerings (IPOs), exchange-traded funds (ETFs), and bonds on the site.
#2. Kotak Stock Trader App
Kotak Stock Trader is compatible with Android and iOS devices. The app allows you to trade, access charts and manage your portfolio on the move.
#3. KEAT Pro X
KEAT Pro X is a downloadable EXE. application that comes with customizable watchlists, live market data, charting tools, and stock recommendations.
#6. SBICAP Securities 3-in-1 Account
Aside from trading and investing, the SBICAP 3-in-1 account offers a variety of value-added services, such as loan products (home and vehicle) and research advise.
Brokerage Fees
| Trading Segment | Delivery Trades | Intraday | |
| First Leg | Second Leg | ||
| Cash Market (Equity) | 0.50 percent | 0.075 percent | 0.075 percent |
| Equity Futures | 0.05 percent | 0.03 percent | 0.03 percent |
| Equity Option | Each lot Rs. 100 | Each lot Rs. 50 | Rs. 50 per lot |
| Currency Futures | 0.03 percent | 0.015 percent | 0.015 percent |
| Currency Options | Each lot Rs. 30 | Each lot Rs. 20 | Each lot Rs. 20 |
Yearly Charges
| Particulars | Fees |
| Charges for opening a Account | Rs. 850 plus additional KRA charges (as applicable) |
| Charges for Account Maintenance (AMC) | First Year: N/A From Second Year Rs. 350 |
Trading Platform
#1. SBISMART Trading APP
The SBISmart app provides real-time market statistics, news, and research reports. The software is not particularly user-friendly, and it has received bad feedback on both the Apple and Google Play stores.
#2. SBISMART Xpress
SBISmart Xpress is a desktop online trading platform with streaming live, charting, and heat maps.
#3. SBISMART Web Portal
SBISmart Web Portal is an HTML browser-based trading tool that allows you to trade, analyze stocks and indexes, and access research, business data, and trading calls..
#7. Axis Direct 3-in-1 Account
If you’re new to trading and need some guidance, or if you already have an Axis Bank account, you should choose the Axis Direct 3-in-1 account.
The three-in-one account provides access to value-added services such as life and general insurance, tax preparation, and estate planning.
Brokerage Fees
Axis Direct offers three different brokerage products.
| Particulars / Plans | Fixed Plan | Investment Plus Plan | Now or Never Plan |
| (CDT) Complimentary Delivery Turnover | N/A | Rs. 3 Lakhs (includes buy + sell) | Rs. 12 Lakhs (includes buy + sell) |
| Plan Validity | N.A. | 6 months | 10 years |
| (VAS) Value-added subscription fees | Rs. 0 | Rs. 1,500 | Rs. 5,555 |
Brokerage Charges
| Plans | Fixed Plan | Investment Plus Plan | Now or Never Plan |
| Equity Delivery (per leg) | 0.50 Percent | 0.50 Percent | 0.25 Percent |
| Equity Intraday (per leg) | 0.05 Percent | 0.05 Percent | 0.03 Percent |
| Futures (per leg) | 0.05 Percent | 0.05 Percent | 0.03 Percent |
| Options (per lot/ leg) | Rs. 20 Percent | Rs. 20 | Rs. 20 |
Yearly Charges
| Specifics | Charges |
| Opening Charges for 3-in-1 Account | (Now or Never Plan) – Rs. 5,555 (Investment Plus Plan) – Rs. 1,500 (Fixed Plan) – Rs. 999 |
| (AMC) Annual Maintenance Charges | For Non-Axis Bank Customer: (From First Year Onwards): Rs. 2,500 From Second Year Onwards: Rs. 750 For Axis Bank Customer: (First Year- Free) |
Trading Platform
#1. Axis Direct Trade
Axis Direct Transaction is a desktop trading software based on the.EXE file format that allows users to build numerous customized watch lists, receive quick trade confirmations, view current quotations, and track their portfolio position.
#2. Axis Web Trading Platform
Axis Web is a online trading platform that provides information in the form of “Card View. Filters, alerts, and notifications can be modified as needed.
#3. Axis Mobile Trading App
You can only trade in stock and derivatives through the Axis Direct Mobile App. The app’s disadvantage is that it does not allow you to invest in initial public offerings (IPOs), mutual funds, or bonds.
Consider these factors while opening a 3-in-1 account in India in 2022.
#1 Brokerage Fees
Brokerage fees are a significant expense that are determined by your trading volume and the value-added services you require.
A full-service broker with research advisory and other value-added services will charge a higher percentage-based brokerage fee on a 3-in-1 account.
Only use a full-service broker if you demand hand-holding, stock suggestions, and research advise and are willing to pay a premium for these services.
Discount brokers, on the other hand, provide limited trading assistance and charge fixed brokerage fees. A 3-in-1 account with a bargain broker is appropriate for you if you perform your own research and wish to trade independently.
#2 Platforms for Trading
Trading platforms are the interfaces that allow you to trade on stock exchanges. When you establish a 3-in-1 account, you have access to a trading platform that is web-based, desktop-based, and mobile app-based.
However, some stockbrokers charge a fee for offering a trading platform, which you should be aware of before opening a three-in-one account.
#3 Charges levied by AMC
Annual Maintenance Charges (AMCs) are costs that are charged on a regular basis for Demat and trading accounts. The AMC costs start at 0 rupees and go up to 1,000 rupees and beyond.
Some brokerage firms provide a lifetime free AMC in exchange for a refundable interest-free investment.
Look for a 3-in-1 account that meets all of your trading requirements at a cheap AMC.
#4 Fees for opening a bank account
It is a one-time charge to open an account.
Processing costs for opening accounts are included in a 3-in-1 account offered by full-service brokers. The charges vary between a few hundred to a thousand rupees. Discount brokers, on the other hand, charge Rs. 0 to start an account.
Conclusion
The best 3-in-1 account for you is one that meets all of your trading and investment demands. So, before you close one of the accounts, be sure you know exactly what you want.
If you want to avoid paying brokerage fees, you can register a Zerodha account, which offers free stock delivery.
However, if you also want research advice and are willing to pay a higher fee, you may create a 3-in-1 account with your current bank.
If you have any questions, please post them in the comments section.
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