The brokerage platform offered by various entities promoted by banks generally offer 3 in 1 services. It offers 3 different linked accounts i.e. Trading Account, Demat Account and Bank Account as a combined pack. As such, the money not invested with bank keep lying in your bank account. In the same way, it may be deposited to broker as and when you intend to buy stocks.
Some of the most popular 3 in 1 accounts are as follows
ICICI Direct
It is the product of ICICI Securities and ICICI Bank, where Bank account and Demat account is opened with ICICI Bank and Trading Account is opened with ICICI Securities. The entire services are available online however bank and Demat Accounts may be accessed through their designated branch. Apart from Trading in stocks, investments can also be made in Mutual funds, IPOs, PPF and NPS also through online way. ICICI Direct two types of brokerage plans i.e Variable (starting from 0.2% to 0.75% of delivery turnover value) and fixed (o.55% of delivery turnover value) apart from other charges.
HDFC Securities
Similar to above, here also the Bank and Demat accounts are maintained at HDFC Bank and Trading Account is maintained at HDFC Securities. It also offere investments to various avenues through the single window. HDFC Sec offers a flat brokerage slab of 0.5% on the delivery turnover value.
AXIS Direct
As the name suggests, Axis Direct is the product of Axis Securities and Axis Bank. It was started only 3-4 years back. Aprt from equities and derivatives, it offers products like Mutual Funds, IPOs derivative bonds, NCDs, ETFs and Company fixed deposits. They offers both variable and fixed plans. In variable plan, they offers 0.2% to 0.6% of the value for delivery turnover and in fixed plan, they offer 0.5% of the value for delivery turnover.
SBICapSec
SBICap Securities offers 3 in 1 services though online and branch channel. They offer services that includes Institution Equity, Retail Equity, Derivatives, Broking, Depository Participant services, E-Broking. They offer their retail trading at the brokerage of 0.5% on the value of delivery turnover.
IDBI Paisabuilder
IDBI Paisabuilder is an offering from IDBI capital and IDBI bank. They offer classic account with default brokerage rates which may be reduced by opting either for Flex plan where delivery brokerage ranges from 0.65% to 0.3% or by subscribing to advance subscription plans.
Kotak Securities
Kotak Securities offers a linked Saving, Demat and trading under one umbrella which enables quick fund transfer and flexible brokerage plans. It offers flexible brokerage plans with delivery brokerage as low as 0.18% and trading brokerage of 0.03% on the value.
So you may opt for the 3 in 1 account of your choice basic your convenience.
