Opening and managing different types of accounts with different companies for different purposes can be a hassle.
Let’s say you need to open a demat account – you have to first do the paperwork for opening an account, then link your bank account with the demat account and then create separate account credentials to access the account.
A 3-in-1 account (demat + trading + savings) is a convenient option if you want to keep all your finances under one umbrella entity.
You can transfer money seamlessly between your bank account and trading account if you have a 3-in-1 account. Banks provide stock brokerage services through their subsidiaries.
The flipside is, banks charge very high brokerages for intraday and delivery on a 3 -in-1 Demat account.
If you are a daily trader or invest in stocks on a regular basis, then you would end up paying a substantial amount as brokerage. 3-in-1 bank accounts are suitable only if you make a few transactions in stocks throughout the year.
Rather, you can open a 3-in-1 account with stockbrokers like Upstox and Zerodha who offer a 3-in-1 account in collaboration with banks. This way, you get all the benefits of a 3-in-1 account and save on brokerage as well.
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You can go through the details on the 7 best 3-in-1 account in India 2022 that helps you trade seamlessly.
Best 3-in-1 Discount Broker Account in India 2022
#1. Upstox 3-in-1 Account (Save on Brokerage)
IndusStox 3-in-1 account offered by Upstox and IndusInd Bank combines benefits of low flat brokerage of up to Rs. 20 with a zero balance savings account.
The key points of the IndusStox 3-in-1 account are:
- Rs. 0 brokerage for delivery trades
- Zero minimum balance required
- Earn interest on funds allocated from your savings a/c for trade
- Customizable bank account number (birthday, anniversary date)
Brokerage Charges
| Trading Type | Brokerage Charges for Basic Plan | Brokerage Charges for Priority Plan |
| Equity Delivery | Rs. 0 | Rs. 0 |
| Equity Intraday | Lower of Rs. 20 per executed order or 0.05% | Lower of Rs. 30 per executed order or 0.10% |
| Equity Futures | Lower of Rs. 20 per executed order or 0.05% | Lower of Rs. 30 per executed order or 0.10% |
| Currency Futures | Lower of Rs. 20 per executed order or 0.05% | Lower of Rs. 30 per executed order or 0.10% |
| Commodity Futures | Lower of Rs. 20 per executed order or 0.05% | Lower of Rs. 30 per executed order or 0.10% |
| Equity Options | Rs. 20 per executed order | Rs. 30 per executed order |
| Currency Options | Rs. 20 per executed order | Rs. 30 per executed order |
| Commodity Options | Rs. 20 per executed order | Rs. 30 per executed order |
Annual Fee
- Account opening – Rs 49
- Annual maintenance charges – Rs 25 per month
Trading Platform
#1. Upstox Pro Web
Upstox Pro Web is an HTML browser-based trading platform with advanced charts and 100+ indicators.
Pro web platform offers one-click trade to quickly buy and sell and is loaded with API integration tools, algo trading facility, drag and drop tools and access to real-time market data.
#2. Upstox NEST Trader Desktop
NEST Trader is desktop software with a customizable interface, low latency, multi-monitor view and advanced charting tools.
#3. Upstox Pro Mobile App
Upstox Pro mobile app is compatible with Android and iOS smartphones. The app helps you monitor market movements, track stock/ index prices and analyze them using more than 100 technical indicators.
#2. Zerodha 3-in-1 Account (Pay Flat Rs 20 Brokerage)
Zerodha IDFC First Bank 3-in-1 account helps you trade seamlessly. Realtime view and track all your assets like stocks, bonds, mutual funds and cash from the trading account itself.
The account relieves you from cumbersome authentication and offers a one-click free fund transfer to the trading account.
Brokerage Charges
| Trading Type | Brokerage Charges |
| Equity Delivery | Rs. 0 |
| Equity Intraday | Lower of Rs. 20 per executed order or 0.03% |
| Equity Futures | Lower of Rs. 20 per executed order or 0.03% |
| Equity Options | Rs. 20 per executed order |
| Currency Futures and Options | Lower of Rs. 20 per executed order or 0.03% |
| Commodity F&O | Lower of Rs. 20 per executed order or 0.03% |
Annual Fee
| Particulars | Charges |
| Trading and Demat account opening charges | Rs. 200 |
| Commodity Account | Rs. 100 |
| Trading account annual maintenance charges | Rs. 0 |
| Demat account annual maintenance charges | Rs. 300 |
Trading Platform
#1. Kite 3.0
Kite 3.0 is a web-based trading platform with a sleek user interface, real-time widgets and advanced charting.
The platform discloses 20 market depth or level 3 data for 90,000+ stocks and F&O contracts from BSE, NSE and MCX.
#2. Kite Mobile App
Kite Mobile App requires 0.5 Kbps to access all the features of Kite 3.0. The app has a biometric fingerprint and face login.
Kite Mobile is compatible with Android and iOS and provides access to 100 indicators, 6 chart types with BO/CO order placement facility.
Best 3-in-1 Bank Account in India 2022
#3. ICICI Direct 3-in-1 Account
ICICI Direct 3-in-1 online account helps you trade on NSE and BSE in assets like equity, derivatives (currency & commodity). ICICI offers other value-added services like research advisory, PMS and wealth management.
The account also allows you to invest in Mutual Funds, IPOs and Life Insurance.
Brokerage Charges
ICICI Direct has 4 plans –
- i-Secure Plan
- Prepaid Brokerage Plan
- ICICI Direct Prime Plan
- ICICI Direct Neo Plan
#1. Brokerage charges for i-Secure Plan
Where a variable percentage of brokerage is charged on the basis of quarterly turnover.
| Trading Type | Brokerage Charges |
| Equity Delivery | 0.55% (including buy and sell) |
| Equity Intraday | 0.275% (the second leg is not charged) |
| Equity Futures | 0.050% plus a flat brokerage of Rs. 50 on the second leg |
| Equity Options | Rs. 95 per lot plus a flat brokerage of Rs. 50 on the second leg |
| Currency / Commodity Futures | Rs. 20 per order |
| Currency Options | Rs. 20 per order |
The brokerage for Margin and Margin Plus under the i-Secure Plan is 0.050%
#2. Brokerage charges under Prepaid Brokerage Plan
| Prepaid value | Delivery brokerage | Intraday/ Futures | Equity Options | Currency F&O and Commodity Futures |
| Rs. 5,000 | 0.25% | 0.025% | Rs. 35 per lot | Rs. 20 per order |
| Rs. 12,500 | 0.22% | 0.022% | Rs. 30 per lot | Rs. 20 per order |
| Rs. 25,000 | 0.18% | 0.018% | Rs. 25 per lot | Rs. 20 per order |
| Rs. 50,000 | 0.15% | 0.015% | Rs. 20 per lot | Rs. 20 per order |
| Rs. 1,00,000 | 0.12% | 0.012% | Rs. 15 per lot | Rs. 20 per order |
| Rs. 1,50,000 | 0.09% | 0.009% | Rs. 10 per lot | Rs. 20 per order |
#3. Brokerage charges under ICICI Direct Prime Plan
| Prime Plan | Scheme validity | Delivery brokerage | Intraday/ Futures | Equity Options | Currency F&O | Commodity Futures |
| Rs. 299 | 365 days | 0.27% | 0.027% | Rs. 40 per lot | Rs. 20 per order | Rs. 20 per order |
| Rs. 999 | 365 days | 0.22% | 0.022% | Rs. 35 per lot | Rs. 20 per order | Rs. 20 per order |
| Rs. 1,999 | 365 days | 0.18% | 0.018% | Rs. 25 per lot | Rs. 20 per order | Rs. 20 per order |
| Rs. 2,999 | 365 days | 0.15% | 0.015% | Rs. 20 per lot | Rs. 20 per order | Rs. 20 per order |
#4. ICICI Direct Neo Plan
| Segment | Brokerage |
| Equity Intraday | Rs. 20 per order |
| Equity Futures | Rs. 0 per order |
| Equity Options | Rs. 20 per order |
| Currency F&O | Rs. 20 per order |
| Commodity F&O | Rs. 20 per order |
You need to pay Rs. 299 as a one-time subscription fee for the Neo plan. The brokerage in F&O will be charged on both legs
Annual Fee
Charges for opening an account are as under
| Particulars | Charges |
| Trading and Demat account opening charges | Rs. 0 |
| Demat account annual maintenance charges | Rs. 700 |
Trading Platform
ICICI 3-in-1 account comes with a “Trade Racer” trading platform in the web version, desktop version and on mobile devices.
The platform combines the iClick2Gain tool, Live Scanner and Heat Maps for an enhanced trading experience.
#4. HDFC Securities 3-in-1 Account
HDFC 3-in-1 account helps you trade and invest in various assets including US stocks. You also get value-added services like loans against your shares, bonds and mutual funds.
However, the drawback of the account is that you need to pay Rs. 1,999 for using the trading platform “Pro Terminal”. Also, depending on the type of savings account you will be required to keep a certain minimum balance with HDFC Bank.
The 2-in-1 (trading + demat) and 1-in-1 (trading only) accounts are also available at HDFC Securities.
Brokerage Charges
| Segment | Brokerage Charges |
| Equity Delivery Trades | 0.50% (for both buy and sell orders) OR a minimum of Rs. 25, OR Maximum of 2.5% on transaction value (both buy and sell) |
| Equity Intraday Trades | 0.05% (for both buy and sell orders) OR a minimum of Rs. 25, OR Maximum of 2.5% on transaction value (both buy and sell) |
| Equity Futures | 0.025% OR a minimum of Rs. 25, OR Maximum of 2.5% on transaction value (both buy and sell) |
| Equity Options | Higher of 1% of the premium amount or Rs.100 per lot (Both Buy & Sell) |
| Currency Futures | Brokerage of Rs. 12 per contract on each side |
| Currency Options | Brokerage of Rs. 10 per contract each side |
| Commodity Futures | 0.020% or minimum Rs.20 per order |
| Commodity Options | Rs.100 per lot |
Annual Fee
The account opening charges are under:
| Particulars | Charges |
| Trading & Demat Account Opening charges | Rs. 0 |
| Annual Maintenance Charges | Rs. 750 |
| Trading Platform Charges | Rs. 1,999 |
In case if you want to trade currency derivatives then there is a charge of Rs. 250 to activate currency trading.
Trading Platform
#1. HDFC Pro Terminal
HDFC Pro Terminal is a web-based trading platform that helps in tracking market trends and momentum.
The platform gives you access to Stock Screeners, Portfolio Tracker, Watchlists and RADAR tools.
#2. HDFC Securities App
HDFC Securities App is compatible with iOS and Android smartphones. The app helps trading by providing live market data, a few clicks trade & IPO application.
#5. Kotak Trinity 3-in-1 Account
Kotak Trinity 3-in-1 account’s USP is that it allows you to transfer any sum of money without any upper limit to your trading account on any single day.
You can place After Market Orders that will be sent to stock exchanges when the next trading session starts.
But, Kotak Securities charges an account opening fee of Rs. 750 and you need to wait for approximately 10 days to open the Trinity 3-in-1 account.
Brokerage Charges
There are four brokerage plans, namely – Dynamic Brokerage plan, Fixed Brokerage Plan, Shubh Trade Brokerage Plan and Advance Brokerage Plan.
1. Fixed Brokerage Plan
| Segment | Brokerage |
| Equity Delivery | 0.49%, Min 4 paise per share |
| Intraday (both sides) | 0.049%or Rs. 21 per executed order, whichever is higher Min 3 paise per share |
| Futures (both sides) | 0.049%Min 3 paise per share subject to a ceiling of 2.5% of the contract value |
| Options | Rs. 300 per lot |
2. Dynamic Brokerage Plan
For Delivery Trades
| Slabs | Brokerage (both sides) |
| < Rs. 1 Lakh | 0.59% |
| Rs. 1 Lakh to Rs. 5 Lakh | 0.55% |
| Rs. 5 Lakh to Rs. 10 Lakh | 0.45% |
| Rs. 10 Lakh to Rs. 20 Lakh | 0.36% |
| Rs. 20 Lakh to Rs. 60 Lakh | 0.27% |
| Rs. 60 Lakh to Rs. 2 Crores | 0.23% |
| > Rs. 2 Crores | 0.18% |
Intraday Trades
| Slabs | Brokerage (both sides) |
| < Rs. 25 Lakh | 0.06% |
| >Rs. 25 Lakh | 0.05% |
Futures
| Slabs | Brokerage (both sides) |
| < Rs. 25 Lakhs | 0.06% |
| Rs. 25 Lakhs to Rs. 2 Crores | 0.05% |
| Rs. 2 Crores to Rs. 5 Crores | 0.04% |
| > Rs. 5 Crores | 0.03% |
Options – Brokerage is applicable on both sides
| Monthly Premium Volume | Intraday Brokerage | Settlement Brokerage | Minimum Brokerage per lot |
| Up to Rs. 4 Lakhs | 2.5% | 2.5% | Rs. 300 |
| Rs. 4 Lakhs to Rs. 11 Lakh | 2.25% | 2.5% | Rs. 240 |
| > Rs. 11 Lakhs | 1.8% | 2.3% | Rs. 180 |
Currency Derivatives
| Monthly Volume Slab | Currency Futures | Currency Options |
| Rs. 0 to Rs. 3 Crores | 0.040% or Rs. 20 whichever is higher | Rs. 20 per lot |
| Rs. 3 Crores to Rs. 8 Crores | 0.036% or Rs. 18 whichever is higher | Rs. 18 per lot |
| Rs. 8 Crores to Rs. 15 Crores | 0.030% or Rs. 15 whichever is higher | Rs. 15 per lot |
| Rs. 15 Crores to Rs. 30 Crores | 0.020% or Rs. 10 whichever is higher | Rs. 10 per lot |
| > Rs. 30 Crores | 0.015% or Rs. 7.5 whichever is higher | Rs. 7.5 per lot |
3. Advance Brokerage Plan – (Brokerage rates are applicable on both sides)
Under the Advance Brokerage plan, fees are charged as a percentage of the trade value. The brokerage is reversed at the end of the 12 month plan period.
For example,
- Suppose, when you choose plan B and if no brokerage is generated then the complete advance fee of Rs 10,000 will be reversed.
- If the brokerage generated is Rs. 15,000, then only Rs. 10,000 is reversible.
- If the brokerage is of Rs 8,000 during the one year period, then the balance of Rs 2,000 would 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% | 0.29% | 0.19% | 0.12% |
| Intraday | 0.040% | 0.035% | 0.030% | 0.015% |
| Futures | 0.040% | 0.035% | 0.030% | 0.015% |
| Options | Rs. 225 per lot | Rs. 225 per lot | Rs. 150 per lot | Rs. 150 per lot |
| Currency Futures | 0.024% or Rs. 12 per lot whichever is higher | 0.020% or Rs. 10 per lot whichever is higher | 0.016% or Rs. 8 per lot whichever is higher | 0.016% or Rs. 8 per lot whichever is higher |
| Currency Options | Rs. 12 per lot | Rs. 10 per lot | Rs. 8 per lot | Rs. 8 per lot |
4. Shubh Trade Brokerage Plan
For availing the Shubh Trading plan you need to bring in the cash margin of Rs. 1 Lakh.
| Segment | Brokerage |
| Equity Delivery | 0.49%, Min 4 paise per share |
| Intraday (both sides) | 0.049%or Rs. 21 per executed order, whichever is higher Min 3 paise per share |
| Options (both side) | Rs. 21 per lot |
| Futures (both sides) | 0.049%Min 3 paise per share subject to a ceiling of 2.5% of the contract value |
| Currency Futures (both sides) | 0.020% or Rs. 10 per lot whichever is higher |
| Currency Options (both sides) | Rs. 10 per lot |
Annual Fee
| Trading Account opening fees | Rs. 750 |
| Demat Account opening fees | Rs. 0 |
| Trading account AMC charges | Nil |
| Demat Account AMC Charges | Rs. 50 per month |
Trading Platform
#1. Kotak Website
Kotak Website is a browser-based trading platform that can be accessed directly from the Kotak Securities website.
The platform lets you trade-in equity, derivatives, IPO, ETFs and bonds.
#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
Apart from trading and investing, the SBICAP 3-in-1 account gives you access to lots of value-added services like loan products (home & auto) and research advisory.
Brokerage Charges
| Trading Segment | Delivery Trades | Intraday | |
| First Leg | Second Leg | ||
| Cash Market (Equity) | 0.50% | 0.075% | 0.075% |
| Equity Futures | 0.05% | 0.03% | 0.03% |
| Equity Option | Rs. 100 per lot | Rs. 50 per lot | Rs. 50 per lot |
| Currency Futures | 0.03% | 0.015% | 0.015% |
| Currency Options | Rs. 30 per lot | Rs. 20 per lot | Rs. 20 per lot |
Annual Fee
| Particulars | Fees |
| Account Opening Charges | Rs. 850 plus KRA charges (as applicable) |
| Account Maintenance Charges | First Year: NIL Second Year Onwards: Rs. 350 |
Trading Platform
#1. SBISMART Trading APP
SBISmart app allows access to live market price data, news and research reports. The app is not so user friendly and has negative reviews on the Apple and Google Play store.
#2. SBISMART Xpress
SBISmart Xpress is a desktop-based trading platform that offers live streaming, charting tools and heat maps.
#3. SBISMART Web Portal
SBISmart Web Portal is an HTML browser-based trading platform that supports trading, stock & Index analysis, provides research, company reports, and trading calls.
#7. Axis Direct 3-in-1 Account
You should pick the Axis Direct 3-in-1 account if you are new to trading and require hand-holding or you already have an Axis Bank account.
The 3-in-1 account gives access to value-added services life and general insurance, tax and will planning.
Brokerage Charges
Axis Direct has 3 brokerage plans.
| Particulars / Plans | Fixed Plan | Investment Plus Plan | Now or Never Plan |
| Complimentary Delivery Turnover (CDT) | NIL | Rs. 3 Lakhs (buy + sell) | Rs. 12 Lakhs (buy + sell) |
| Validity period | N.A. | 6 months | 10 years |
| Value-added subscription fees | Rs. 0 | Rs. 1,500 | Rs. 5,555 |
Brokerage Rates
| Plans | Fixed Plan | Investment Plus Plan | Now or Never Plan |
| Equity Delivery (each leg) | 0.50% | 0.50% | 0.25% |
| Equity Intraday (each leg) | 0.05% | 0.05% | 0.03% |
| Futures (each leg) | 0.05% | 0.05% | 0.03% |
| Options (each lot/ leg) | Rs. 20 | Rs. 20 | Rs. 20 |
Annual Fee
| Particulars | Fees |
| 3-in-1 Account Opening Charges | Fixed Plan – Rs. 999 Investment Plus Plan – Rs. 1,500 Now or Never Plan – Rs. 5,555 |
| Annual Maintenance Charges | For Axis Bank Customer: First Year: Free Second Year Onwards: Rs. 750 For Non-Axis Bank Customer: From First Year Onwards: Rs. 2,500 |
Trading Platform
#1. Axis Direct Trade
Axis Direct Trade is a .EXE based desktop trading platform that helps create multiple customized watch lists, instant trade confirmations, live quotes and portfolio position.
#2. Axis Web Trading Platform
Axis Web is a browser-based trading platform that provides information in “Card View”. One has access to customized filters, alerts and notifications.
#3. Axis Mobile Trading App
Axis Direct Mobile App helps you trade-in equity and derivatives only. The drawback is that you cannot invest in IPO, Mutual Funds and Bonds using the app.
Factors to Consider While Opening 3-in-1 Account in India 2022
#1. Brokerage Charges
Brokerage charges are a major cost that depends on the trading volume and the value-added services that you need.
A 3-in-1 account with a full-service broker that offers research advisory and other value-added services will have a higher percentage based brokerage charge.
Go for a full-service broker only if you require hand-holding, stock tips, research advisory and do not mind paying extra for other services.
On the other hand, discount brokers give you minimal trading support and offer you flat brokerage charges. If you do your own research and want to trade independently then a 3-in-1 account at a discount broker will be best for you.
#2. Trading Platforms
Trading platforms are the gateways that connect you to stock exchanges for trading. You get access to a web-based, desktop-based and mobile app-based trading platform when you open a 3-in-1 account.
But, some of the stockbrokers charge a fee for providing a trading platform that you should know before you open a 3-in1 account.
#3. AMC Charges
Annual Maintenance Charge (AMC) is recurring fees related to Demat and trading accounts. The AMC fees start from Rs. 0 and goes up to Rs. 1,000 and above.
Some brokerage houses offer lifetime free AMC on a refundable interest-free deposit that needs to be paid upfront.
You should look for a 3-in-1 account that fulfills your trading needs at a low AMC cost.
#4. Account Opening Fees
The account opening fee is a one time cost.
A 3-in-1 account offered by full-service brokers carries processing fees for opening accounts. The fees range from a few hundred to a thousand rupees. Whereas, discount brokers charge Rs. 0 for account opening.
Conclusion
Picking a 3-in-1 account depends on your individual trading and investing needs. So, be clear of what you want before you finalize one of the accounts.
If you want to save brokerage charges, then you can open a Zerodha account that provides free delivery of stocks.
But if you also require research advisory and do not mind paying extra money, then you can open a 3-in-1 account with your existing bank.
Share your queries, if any, in the comments.
Nice Blog
Thanks for sharing this deep knowledge