3X Benefits With IDFC FIRST Bank Demat + Savings + Trading Account

Think stock market investments and three different accounts come to mind:

• Trading Account – that helps you purchase and sell listed shares and securities

• Demat Account – that helps you hold the purchased shares and securities

• Savings Account – used to pay for purchases of shares and securities and receive money when you sell shares and securities, receive corporate benefits such as Dividend, Interest payments, etc.

All three accounts need to be connected for a seamless investment experience. If you have different accounts, managing each independently can be challenging. What if you forget the account numbers or have to submit paper based /physical instructions every time you invest? 

To simplify things, IDFC FIRST Bank offers the 3-in-1 account, which combines all three accounts into one. This means you can operate your Demat, Savings and Trading Accounts together for easier operations.

The following are highlights guaranteeing a superior trading account experience.

3-in-1 account features

The salient features of IDFC FIRST Bank 3-in-1 account:

• No charges for opening the Account

• No Annual Maintenance Charges (AMC) for the first year

• Grants interest on the amount that you maintain in your Savings Account linked with your Trading Account

• Provides prime brokerage plans for buying and selling of shares and securities

• Supports eATM  facility for receiving funds on the same day of trade

• Offers an instant hold and release of funds maintained in your Savings Account linked with your Trading Account

• Research Support – Provided by ICICI Securities Limited – Pls elaborate

Why choose IDFC FIRST Bank 3-in-1 Account for your investments?

IDFC FIRST Bank 3-in-1 account is a better alternative to regular trading accounts that often require external support, i.e. maintaining three different accounts. Here are other reasons why the IDFC FIRST Bank 3-in-1 account makes sense:

• One account for different investments

Besides offering the features of a demat, savings and trading account, the 3-in-1 account also allows you to hold different types of investments in a dematerialised format. You can hold shares, debentures, mutual funds, bonds, government securities, Sovereign Gold Bonds (SGBs) and other securities.

• Cost-effective 

You can get more than a 50% discount on the brokerage charges for cost-effective trading. Moreover, the Account doesn’t require any minimum balance, can be opened for free, and waives the AMC in the first year.

• Advanced trading tools

You can access advanced trading charts and graphs to help you make lucrative trading decisions regarding the securities to buy and sell.

• Investment tracking

Use net banking or the mobile application to manage and track your trading account or stock investments anytime.

How to open the 3-in-1 account?

Opening an IDFC FIRST Bank 3-in-1 account is a simple, 3-step process. Here’s how –

1. Click on https://my.idfcfirstbank.com/login and log in to your Mobile Banking / Net Banking Login

2. Fill in the details and upload your signature

3. eSign the application and submit it

Conclusion 

There is no need to maintain separate demat, savings and trading accounts when you can have them in one. Opt for the IDFC FIRST Bank 3-in-1 account instead and get all the accounts in one place. Enjoy the benefits the Account offers and make trading simple yet efficient.

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.