A 3-in-1 account is a type of account used for trading in the stock market that combines three different accounts in one convenient package. These accounts include a savings bank account, a trading account, and a demat account. A savings bank account is used for the transfer of funds, a trading account is used for buying and selling stocks, and a demat account is used to hold and store the shares bought or sold. A 3-in-1 account, therefore, provides an integrated and seamless trading experience to its users.

ICICI is one of the leading banks in India that offers 3-in-1 accounts for its customers. The process of opening a 3-in-1 account with ICICI is quite simple and can be completed online. Here is a step-by-step guide to open a 3-in-1 account with ICICI:

• Visit the ICICI website and click on the ‘Investments’ tab.

• Click on ‘3-in-1 account’ and then ‘Apply Now.’

• Fill in the necessary details such as name, address, PAN number, and mobile number. You will also be required to upload a few documents such as a PAN card, address proof, and a canceled cheque.

• Once the application is submitted, an ICICI representative will contact you for further verification.

• Once the verification process is complete, your 3-in-1 account will be activated.

Now, let’s talk about the ICICI 3-in-1 account charges. ICICI charges Rs.975 one cost for a 3-in-1 account. It is important to note that apart from these charges, brokerage charges and other fees are associated with trading in the stock market. These charges vary depending on the type of transaction and the volume of trades. It is advisable to carefully read and understand the fee structure before opening a 3-in-1 account with ICICI.

Conclusion

A 3-in-1 account is a convenient and integrated way of trading in the stock market. ICICI is one of the leading banks in India that offers 3-in-1 accounts to its customers, and the process of opening an account is quite simple.