5 Best 3-in-1 Demat Trading Accounts in India 2023

Nowadays, In 3-in-1 Demat accounts, banks impose extremely high brokerage fees for intraday and delivery.

You have a 3-in-1 account, you can seamlessly move money between your trading account and bank account.

The majority of banks operate their subsidiaries as stock-trading companies.

Only if you conduct a small number of stock-related transactions annually are 3-in-1 bank accounts appropriate.

A good deal of money would be spent on brokerage if you traded equities frequently or on a daily basis. I advise you to register an account with a bargain broker, such as Zerodha, who charges a flat brokerage fee of Rs 20 per trade.

Five Best 3-in-1 Demat Accounts in India:

  • Zerodha 3-in-1 Demat Account (Using IDFC First Bank)
  • Upstox 3-in-1 Demat Account (Using Indusind Bank)
  • ICICI Direct 3-in-1 Account
  • HDFC Securities 3-in-1 Account
  • Kotak Trinity 3-in-1 Account

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Zerodha 3-in-1 Demat Account (Using IDFC First Bank)

Zerodha

India’s first marketplace for cheap brokers is called Zerodha. Headquarters are in Bangalore, and they have partner offices all around India. Despite only starting their operations in 2010, they have surpassed ICICI Direct and HDFC Securities to become India’s biggest stockbroker. To introduce a 3-in-1 bank Demat account, Zerodha first teamed up with IDFC. You get all the advantages of a 3-in-1 Demat account, including low brokerage, easy fund transfers, and more, with this account. The Zerodha 3-in-1 bank Demat account’s brokerage fees are shown in the graphic below.

Trading TypeBrokerage Charges
Equity DeliveryRs.0
Equity IntradayRs. 20 per processed order, whichever is less, or 0.03%
Equity FuturesRs. 20 per processed order, whichever is less, or 0.03%
Equity OptionsRs. 20 per completed order in zerodha
Futures and Options on CurrencyRs. 20 per processed order, whichever is less, or 0.03%
Commodity F&ORs. 20 per completed order in Zerodha

Upstox 3-in-1 Demat Account (Using Indusind Bank)

upstox

Upstox is the second-largest brokerage platform based in Mumbai, behind Zerodha. IndusInd Bank and Upstox have partnered to offer 3-in-1 Demat accounts. This three-in-one demat account is called an IndusStox Demat account, and it offers many advantages like no account opening fees, no need to keep a minimum balance, and a customizable account number. The brokerage fees for the Upstox 3-in-1 bank Demat account are shown in the graphic below.

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Exchange TypeBrokerage Fees for the Basic PlanBroker Fees for a Priority Plan
Equity DeliveryRs.0Rs.0
Equity IntradayAmount less than Rs.20 per completed order or 0.05%Amount less than Rs.30 per completed order or 0.10%
Equity FuturesAmount less than Rs.20 per completed order or 0.05%Amount less than Rs.30 per completed order or 0.10%
Currency Futures Amount less than Rs.20 per completed order or 0.05%Amount less than Rs.30 per completed order or 0.10%
Commodity FuturesAmount less than Rs.20 per completed order or 0.05%Amount less than Rs.30 per completed order or 0.10%
Equity OptionsRs. 20 per completed orderRs. 30 per completed order
Currency OptionsRs. 20 per completed orderRs. 30 per completed order
Commodity OptionsRs. 20 per completed orderRs. 30 per completed order

ICICI Direct 3-in-1 Account

ICICI Direct 3-in-1 online account allows you to trade equity and derivatives on the NSE and BSE (currency and commodities). ICICI also provides value-added services such as research consulting, project management software, and asset management. You can also use this account to invest in mutual funds, initial public offerings, and life insurance. The brokerage charged by the ICICI Direct 3-in-1 bank Demat account is depicted in the graphic below.

Trading TypeBrokerage Charges
Equity Delivery0.55% (purchase and sell included)
Equity Intraday0.275% (the additional leg is free)
Equity Futures0.050% plus a flat fee of Rs. 50 for the second leg of the transaction
Equity OptionsRs.95 per lot plus a flat fee of Rs. 50 for the second leg of the transaction
Currency / Commodity Futures Rs. 20 per completed order
Currency OptionsRs. 20 per completed order

HDFC Securities 3-in-1 Account

HDFC 3-in-1 account allows you to trade and invest in a wide range of assets, including US stocks. You can also make use of value-added services such as loans backed by your stocks, bonds, and mutual funds. 

The disadvantage of this account is that you must pay Rs.1,999 to utilize the trading platform “Pro Terminal.” Furthermore, depending on the type of savings account you have with HDFC Bank, you may be required to maintain a minimum balance. The illustration below displays the brokerage levied by HDFC Securities’ 3-in-1 bank Demat account.

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SegmentBrokerage Charges
Equity Delivery TradesFor both buy and sell orders, 0.50% OR 2.5% of the transaction amount (both buy and sell) is at a minimum of Rs.25.
Equity Intraday TradesFor both buy and sell orders, 0.05% OR 2.5% of the transaction amount (both buy and sell) is at a minimum of Rs.25.
Equity FuturesOn the transaction value (including buy and sell), 0.025% OR a minimum of Rs. 25 OR a maximum of 2.5%
Equity OptionsThe higher of 1% of the premium amount or Rs. 100 per lot (both buy and sell)
Currency FuturesThe brokerage of Rs. 10 per transaction on both sides
Currency OptionsThe brokerage of Rs. 10 per transaction on both sides
Commodity Futures0.020%, or at least Rs. 20, for every order
Commodity Options100 Rupees per lot

Kotak Trinity 3-in-1 Account

kotak

Kotak Trinity 3-in-1 account’s unique selling point is that you can transfer any amount of money to your trading account on any given day with no upper limit. After Market Orders are accepted and will be delivered to stock exchanges when the next trading session begins. Kotak Securities, on the other hand, levies an Rs.750 account opening fee and imposes a 10-day waiting period before opening the Trinity 3-in-1 account. The brokerage charged by Kotak Trinity 3-in-1 bank demat account is depicted in the graphic below.

Segment Brokerage
Equity Delivery0.49%, minimum 4 Paisa for each share
Intraday (both sides)0.049% or Rs. 21 per executed order, whichever is higher, with a minimum of 3 Paisa per share
Futures (both sides)0.049% Minimum 3 Paisa per share, subject to a maximum of 2.5% of the contract value
Options300 Rupees per lot

What is a 3-in-1 Account?

A 3-in-1 account is a financial account that combines three essential components: a savings bank account, a trading account, and a Demat account. It is commonly offered by banks and brokerage firms in India. Let’s take a closer look at each component:

  1. Savings Bank Account: Savings bank account is the primary component of a 3-in-1 account. It functions as a regular bank account where individuals can deposit and withdraw money, earn interest on their deposits, and perform day-to-day banking transactions such as bill payments, fund transfers, and cheque operations. This account acts as a link between the trading and Demat accounts.
  2. Trading Account: The trading account is designed specifically for buying and selling securities in the financial markets. It enables investors to trade in various financial instruments such as stocks, bonds, mutual funds, derivatives, and commodities. The trading account provides access to the stock exchanges and serves as a platform for executing trades, monitoring market prices, and managing investment portfolios.
  3. Demat Account: The Demat account, short for Dematerialized account, is used to hold and store securities in an electronic format. It eliminates the need for physical share certificates by converting them into electronic form. Investors can hold shares, bonds, debentures, and other eligible securities in their Demat account. The account provides a secure and convenient way to hold, transfer, and track investments electronically.

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​​Benefits of 3-In-1 Accounts

A 3-in-1 account, which combines a savings bank account, a trading account, and a Demat account, offers several benefits to investors. Here are some advantages of having a 3-in-1 account:

  1. Seamless Integration: One of the key benefits of a 3-in-1 account is the seamless integration of different financial services. With a single account, investors can access their savings, conduct trading activities, and hold securities in electronic form. It eliminates the need for multiple accounts and provides a unified platform for managing investments.
  2. Convenience: A 3-in-1 account simplifies the investment process by offering a consolidated view of banking and trading activities. Investors can transfer funds seamlessly between their savings account and trading account, making it easier to execute trades. Additionally, the Demat account allows for the electronic holding of securities, eliminating the hassle of physical certificates.
  3. Time and Cost Savings: By having a 3-in-1 account, investors can save time and reduce costs associated with managing separate accounts. They do not need to transfer funds between different accounts manually, as the integration allows for automatic transfers. This streamlines the investment process and reduces the administrative burden.
  4. Access to Research and Tools: Many 3-in-1 account providers offer research reports, market analysis, and trading tools to their customers. This can be beneficial for investors, especially those who rely on research and analysis to make informed investment decisions. Access to such tools and resources can help investors stay updated on market trends and make better investment choices.
  5. Personalized Customer Support: With a 3-in-1 account, investors often have access to dedicated customer support services. Whether it’s assistance with account-related queries, trading-related issues, or general investment guidance, having personalized customer support can be valuable for investors, particularly those who are new to the stock market.

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Advantages and Disadvantages of 3-in-1 Accounts

Advantages Disadvantages 
There is no requirement for a separate SB or trading account.The broker Fees are high.
Less documents to be completedThere is no commodity trading available.
There is no requirement for a separate SB or trading account.The account opening Fees are high.
Availability of many investment options like FDs, MFs, shares, etc.You must keep your savings bank account funded to a minimum amount.

Final Word

The transfer of money between your bank account and trading account is made simpler by a 3-in-1 trading account. Investors find it more practical for Internet trading. You can actively keep an eye on your funds with a 3-in-1 account by employing a number of techniques. Without paying any additional fees, you can transfer money and complete transactions in a matter of minutes.

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