Everything you need to know about the IDFC FIRST Bank 3-in-1 Account

Banking and investing are two essential pillars of personal finance. A seamless banking experience allows you to manage your money well, and a good investing platform helps you grow it. However, you may often find it difficult to set aside time for savings and investments. Personal commitments, busy work schedules, travel, etc., can get in the way.

Using a simple yet efficient platform to save time can help. And the IDFC FIRST Bank and ICICI Securities 3-in-1 Account is one such arrangement that bridges the gap. Combining the benefits of banking and investing in a single account, this 3-in-1 Account is the perfect financial companion. It can save time, help manage multiple transactions in one place, and offer a quick and convenient solution to most investment needs.

Read on to learn more about the 3-in-1 Account by IDFC FIRST Bank and ICICI Securities and how you can use it to your advantage.

What is the IDFC FIRST Bank and ICICI Securities 3-in-1 Account?
 

You need three primary accounts if you want to trade or invest in the stock market. The first is a regular savings account where you store your money earned from income and profits. You can also use it to pay for any investment securities you buy. The second is a trading account required for trading in the market. The third is a Demat account, in which you keep the securities you buy in a dematerialised form.

An IDFC FIRST Bank 3-in-1 Account combines all these three accounts, making it easier to manage your money and investment purchases. It offers you the trust of a premium bank such as IDFC FIRST Bank and the brilliant interface of ICICIdirect.com.

IDFC FIRST Bank has tied up with ICICIdirect.com as a trading partner, as a result of which you can avail of a 3-in-1 Account (IDFC bank + IDFC Demat + ICICIdirect.com trading).

What are the benefits of the IDFC FIRST Bank and ICICI Securities 3-in-1 Account?
 

There are several advantages to opening an IDFC FIRST Bank and ICICI Securities 3-in-1 Account:

• The 3-in-1 Account offers a unique experience of paperless investments in stocks, derivatives and bonds, in the most seamless manner, with real-time access to your money
• Custody of your securities and funds will remain with IDFC FIRST Bank, and you can seamlessly buy/sell stocks and bonds or trade in derivatives using your ICICIdirect.com platform. You can continue earning interest on funds from your IDFC FIRST Bank Account
• Wide range of investment options (i.e. Indian Equities), all the stocks registered on exchange, Global Equities (i.e. countries like US, UK, Japan, Singapore, etc.), Futures & Options (i.e. Indices and Stock Futures & Options), Bonds (i.e. Listed Bonds on exchange GOI Bonds, Treasury Bills & NCD), Currency & Commodity (i.e. Currency trading on exchange platforms)
• Get instant money on selling stocks – With an exclusive eATM facility, get instant credit of money in your account of up to Rs 1 crore*
• Curated research from ICICIdirect.com to power your investments. ICICIdirect.com fundamental research analysts cover 220 companies across various sectors and generate the highest number of reports
• Choose a brokerage plan that suits you best. With ICICIdirect.com Prime plan, you can avail of brokerage rates as low as 0.1% (10 paisa) for lifetime*
• Seamless account opening process with zero account opening charges and free Demat account AMC for the first year

How to open an IDFC FIRST Bank and ICICI Securities 3-in-1 Account
 

To open a 3-in-1 Account, do the following:

• Open an IDFC FIRST Bank Account
• Login to IDFC FIRST Bank Netbanking/Mobile app
• Click on IDFC FIRST 3-in-1 under the My Investments tab

Please note that online trading account opening option is currently available for single holder resident individual Demat customers only.

What costs are involved in opening an IDFC FIRST Bank and ICICI Securities 3-in-1 Account?

There are zero charges for opening an IDFC FIRST Bank 3-in-1 Account. You also get to enjoy a free Demat account AMC for the first year.

In conclusion

An IDFC FIRST Bank 3-in-1 Account offers great ease in carrying out multiple transactions. Getting one is hassle-free, and it is entirely safe and secure. Moreover, the ICICIdirect.com platform is very user-friendly and easy to navigate, making it ideal for both beginners and experienced investors. The reliability of IDFC FIRST Bank and the intuitive interface of ICICIdirect.com make for a great combination. Go ahead and open an IDFC FIRST Bank 3-in-1 Account today and enjoy simplified and seamless banking and investing! 

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.