3 in 1 Account for Savings, Trading and Demat
As you are aware that, for investing in the securities market, you must have a bank account to keep money, a Demat account for maintaining the shares or securities held by you and a Trading account to trade in the shares or other tradable securities. This trinity is essential for effectively participating and taking full advantage of the potential of profits available in the securities market.
Keeping in mind these requirements, various banks and financial institutions offer a 3-in-1 account, a combination of a bank account, your Demat and Trading account. It gives you the option of online trading in securities, including stock exchanges, mutual fund investments, currency derivatives, investment in Initial Public Offers (IPO), Futures and Options (F&O) segment and investment in commodities markets. Simultaneously, you could get live price movement online to help you make money in real-time.
The most significant advantage of the 3-in-1 account is that you can manage your account from the comfort of your home or office. You can track your account through the internet on your computer or through your mobile application anytime. You can pay your bills on the go from your bank account online. The bank account would be fully functional with an ATM facility and chequebook.
A 3-in-1 account contains a Demat account which allows you to place all your stocks, shares, securities and other investments on a common platform just as you operate your bank account. You can trade or invest in a wide range of products and services, whether it is equity or mutual funds or derivatives. You can do all these online in real-time without stepping out of your home.
You can hedge your cash or derivatives, take intraday Future trading positions, opt to trade in index and stock contracts through Options. You may also pledge your shares to get more significant limits in Futures and Options (F&O). You can trade in the equities in various ways to suit your needs on the Online Securities Platform; you can also opt for a Systematic Equity Plan (SEP), or you may place an order with predefined pricing.
Through the 3-in-1 account, you could even invest in mutual funds online. You can also access your capital gains statement for your investments online.
You can also avail of the support of Customer Care services for your Demat account, Trading account and bank account if you encounter any issue while operating these accounts online.
Thus, you may conclude that the 3-in-1 account is a seamless platform for all your banking and investment needs.
ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel No : 022 - 2288 2460, 022 - 2288 2470. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730) ,BSE Ltd (Member Code :103) and I-Sec is a Member of Multi Commodity Exchange of India Ltd. (Member Code:56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: email@example.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.