7 Best 3-in-1 Account in India 2022 (Reviews)

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 flip side 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.

Our 3 top picks for best Demat & trading account

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Best discount broker
Zerodha
Free stock delivery
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Fastest growing broker
Upstox
Free account opening & 0 AMC
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Best mobile app
5paisa
Rs 10 per trade with special plan

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)

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Fastest growing stockbroker
Upstox
  • Free account opening & Zero AMC
  • Fix Rs. 20 per trade
  • Fast account opening process

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 TypeBrokerage Charges for
Basic Plan
Brokerage Charges for Priority Plan
Equity DeliveryRs. 0Rs. 0
Equity IntradayLower of Rs. 20 per executed order or 0.05%Lower of Rs. 30 per executed order or 0.10%
Equity FuturesLower 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 FuturesLower of Rs. 20 per executed order or 0.05%Lower of Rs. 30 per executed order or 0.10%
Equity OptionsRs. 20 per executed order Rs. 30 per executed order
Currency OptionsRs. 20 per executed order Rs. 30 per executed order
Commodity OptionsRs. 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

Trading Platform 

#1. Upstox Pro Web

Upstox-Pro-Web trading platform

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)

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Best discount broker in India
Zerodha

 

  • Fix Rs. 20 per trade on intraday trades
  • Zero brokerage on the stock delivery
  • Good customer support
  • Best charts and tools for technical analysis

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 TypeBrokerage Charges
Equity DeliveryRs. 0
Equity IntradayLower of Rs. 20 per executed order or 0.03%
Equity FuturesLower of Rs. 20 per executed order or 0.03%
Equity OptionsRs. 20 per executed order 
Currency Futures and OptionsLower of Rs. 20 per executed order or 0.03%
Commodity F&OLower of Rs. 20 per executed order or 0.03%

Annual Fee 

ParticularsCharges
Trading and Demat account opening chargesRs. 200
Commodity AccountRs. 100
Trading account annual maintenance chargesRs. 0
Demat account annual maintenance chargesRs. 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

Zerodha Kite mobile trading 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 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 –

  1. i-Secure Plan
  2. Prepaid Brokerage Plan
  3. ICICI Direct Prime Plan
  4. 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 TypeBrokerage Charges
Equity Delivery0.55% (including buy and sell)
Equity Intraday0.275% (the second leg is not charged)
Equity Futures0.050% plus a flat brokerage of Rs. 50 on the second leg
Equity OptionsRs. 95 per lot plus a flat brokerage of Rs. 50 on the second leg
Currency / Commodity Futures Rs. 20 per order
Currency OptionsRs. 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 valueDelivery brokerageIntraday/ FuturesEquity OptionsCurrency F&O and Commodity Futures
Rs. 5,0000.25%0.025%Rs. 35 per lotRs. 20 per order
Rs. 12,5000.22%0.022%Rs. 30 per lotRs. 20 per order
Rs. 25,0000.18%0.018%Rs. 25 per lotRs. 20 per order
Rs. 50,0000.15%0.015%Rs. 20 per lotRs. 20 per order
Rs. 1,00,0000.12%0.012%Rs. 15 per lotRs. 20 per order
Rs. 1,50,0000.09%0.009%Rs. 10 per lotRs. 20 per order

#3. Brokerage charges under ICICI Direct Prime Plan

Prime PlanScheme validity Delivery brokerageIntraday/ FuturesEquity OptionsCurrency F&OCommodity Futures
Rs. 299365 days0.27%0.027%Rs. 40 per lotRs. 20 per orderRs. 20 per order
Rs. 999365 days0.22%0.022%Rs. 35 per lotRs. 20 per orderRs. 20 per order
Rs. 1,999365 days0.18%0.018%Rs. 25 per lotRs. 20 per orderRs. 20 per order
Rs. 2,999365 days0.15%0.015%Rs. 20 per lotRs. 20 per orderRs. 20 per order

#4. ICICI Direct Neo Plan

SegmentBrokerage
Equity IntradayRs. 20 per order
Equity FuturesRs. 0 per order
Equity OptionsRs. 20 per order
Currency F&ORs. 20 per order
Commodity F&ORs. 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

ParticularsCharges
Trading and Demat account opening chargesRs. 0
Demat account annual maintenance chargesRs. 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 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 

SegmentBrokerage Charges
Equity Delivery Trades0.50% (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 Trades0.05% (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 Futures0.025% OR
a minimum of Rs. 25, OR
Maximum of 2.5% on transaction value (both buy and sell)
Equity OptionsHigher of 1% of the premium amount or Rs.100 per lot (Both Buy & Sell)
Currency FuturesBrokerage of Rs. 12 per contract on each side 
Currency OptionsBrokerage of Rs. 10 per contract each side 
Commodity Futures0.020% or minimum Rs.20 per order
Commodity OptionsRs.100 per lot

Annual Fee 

The account opening charges are under:

ParticularsCharges
Trading & Demat Account Opening chargesRs. 0
Annual Maintenance ChargesRs. 750
Trading Platform ChargesRs. 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 trading platform

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

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 Delivery0.49%, 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
OptionsRs. 300 per lot

2. Dynamic Brokerage Plan

For Delivery Trades

SlabsBrokerage (both sides)
< Rs. 1 Lakh0.59%
Rs. 1 Lakh to Rs. 5 Lakh0.55%
Rs. 5 Lakh to Rs. 10 Lakh0.45%
Rs. 10 Lakh to Rs. 20 Lakh0.36%
Rs. 20 Lakh to Rs. 60 Lakh0.27%
Rs. 60 Lakh to Rs. 2 Crores0.23%
> Rs. 2 Crores 0.18%

Intraday Trades

SlabsBrokerage (both sides)
< Rs. 25 Lakh0.06%
>Rs. 25 Lakh0.05%

Futures 

SlabsBrokerage (both sides)
< Rs. 25 Lakhs 0.06%
Rs. 25 Lakhs to Rs. 2 Crores0.05%
Rs. 2 Crores to Rs. 5 Crores0.04%
> Rs. 5 Crores 0.03%

Options – Brokerage is applicable on both sides

Monthly Premium Volume Intraday BrokerageSettlement BrokerageMinimum Brokerage per lot
Up to Rs. 4 Lakhs2.5%2.5%Rs. 300
Rs. 4 Lakhs to Rs. 11 Lakh2.25%2.5%Rs. 240
> Rs. 11 Lakhs1.8%2.3%Rs. 180

Currency Derivatives 

Monthly Volume SlabCurrency FuturesCurrency Options
Rs. 0 to Rs. 3 Crores0.040% or Rs. 20 whichever is higherRs. 20 per lot
Rs. 3 Crores to Rs. 8 Crores0.036% or Rs. 18 whichever is higherRs. 18 per lot
Rs. 8 Crores to Rs. 15 Crores0.030% or Rs. 15 whichever is higherRs. 15 per lot
Rs. 15 Crores to Rs. 30 Crores0.020% or Rs. 10 whichever is higherRs. 10 per lot
> Rs. 30 Crores0.015% or Rs. 7.5 whichever is higherRs. 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.
ParticularsPlan APlan BPlan CPlan D
FeesRs. 5000Rs. 10,000Rs. 50,000Rs. 2,00,000
Delivery0.39%0.29%0.19%0.12%
Intraday0.040%0.035%0.030%0.015%
Futures0.040%0.035%0.030%0.015%
OptionsRs. 225 per lotRs. 225 per lotRs. 150 per lotRs. 150 per lot
Currency Futures0.024% or Rs. 12 per lot whichever is higher0.020% or Rs. 10 per lot whichever is higher0.016% or Rs. 8 per lot whichever is higher0.016% or Rs. 8 per lot whichever is higher
Currency OptionsRs. 12 per lotRs. 10 per lotRs. 8 per lotRs. 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 Delivery0.49%, 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 feesRs. 750
Demat Account opening feesRs. 0
Trading account AMC chargesNil
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 mobile 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

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 SegmentDelivery TradesIntraday 
  First LegSecond Leg
Cash Market (Equity)0.50%0.075%0.075%
Equity Futures0.05%0.03%0.03%
Equity OptionRs. 100 per lotRs. 50 per lotRs. 50 per lot
Currency Futures0.03%0.015%0.015%
Currency OptionsRs. 30 per lotRs. 20 per lotRs. 20 per lot

Annual Fee 

ParticularsFees
Account Opening ChargesRs. 850 plus KRA charges (as applicable)
Account Maintenance ChargesFirst 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 trading platform

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

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 / PlansFixed PlanInvestment Plus PlanNow or Never Plan
Complimentary Delivery Turnover (CDT)NILRs. 3 Lakhs (buy + sell)Rs. 12 Lakhs (buy + sell)
Validity periodN.A.6 months10 years
Value-added subscription feesRs. 0Rs. 1,500Rs. 5,555

Brokerage Rates  

PlansFixed PlanInvestment Plus PlanNow 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. 20Rs. 20Rs. 20

Annual Fee

ParticularsFees
3-in-1 Account Opening ChargesFixed Plan – Rs. 999
Investment Plus Plan – Rs. 1,500
Now or Never Plan – Rs. 5,555
Annual Maintenance ChargesFor 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 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.

About Pardeep Goyal

I love to talk about money saving hacks (Credit Cards, Travel, Shopping, Taxes). I share transparently how I am making passive income and where I spend my money.

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