What is meant by 2-in-1 account or 3-in-1 account in Stock Market Trading?

If you are looking invest or trade in the stock market. You might have come across advertisements mentioning 2-in-1 account or 3-in-1 account. Let’s see this in brief here.

Any person who intends to buy/sell various securities in India is required to have to a Demat account, a trading (or broking) account and a savings bank account.

As such the three accounts are offered by three different entities, namely a DP, a Broker and a Bank. However, there are many entities which have made arrangements to offer a combination of two or three accounts based upon a common application form.

For example, many DPs which are also registered as brokers, offer a combination of Demat account and a Trading account (2-in1 account). Example: Zerodha offers 2 in1 account

Further, there are some banks which are also registered as DPs and have a tie-up with registered stock brokers. They offer their customers a combination of all the three accounts (3-in-1 account). It may be noted that opting for 2-in-1 or 3-in-1 account is a voluntary choice of the investor. They can opt for services as per their requirements.

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A.Sulthan, Ph.D.,
Author and Assistant Professor in Finance, Ardent fan of Arsenal FC. Always believe "The only good is knowledge and the only evil is ignorance - Socrates"
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