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3-in-1 account definition, benefits & features

Posted Date: 01 Nov 2011 |Updated: 01-Nov-2011 |Category: Banking and Investments Terminology |Author: |Member Level: Gold |Points: 12 (Rs5) |


Three in one account is gaining popularity in India. It provides not only convenience but is also hassle free. Have a look at its meaning and advantages.

Meaning of 3 in 1 account


As the name specifies, it is a combination of three accounts. It has three types of accounts in a single account namely saving account, trading account and Demat account. You can open it in any brokerage company or bank. Many banks like ICICI, Standard Chartered Bank, Axis bank, SBI, HDFC, etc. offer 3-in-1 account.



Characteristics and advantages of 3 in 1 account


  • 3 in 1 account provides the service of online trading as well as of savings account.

  • Operating speed of 3 in 1 account is faster than online accounts and offline accounts.

  • Fund can be transferred from saving account to trading account.

  • Transaction made under this account is very safe and secured.

  • You can access your account details with a single login and password.

  • You can also track your portfolio anytime round the clock.

  • Investment in mutual fund, equity or insurance etc can be done from a single window.

  • It is a hassle free and convenient mode to operate different accounts.

  • This account can also be operated through phone banking as well as internet banking.

  • You need to fill up only one account opening form for this purpose, thus providing you less paper work.


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