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Axis Bank 3-in-1 Account – Charges, Minimum Balance & Opening Online

Charges, Minimum Balance & Opening Online

Axis Bank 3-in-1 Account

Axis bank subsidiary Axis Securities Limited offers a 3-in-1 account facility that provides a seamless investment & trading experience to their customers. Under one roof you get the facility of all three accounts as they are bundled in one. Above all, you keep earning interest on your funds in a saving account until the transactions are executed.

Also Read Zerodha 3-in-1 Account vs Upstox 3-in-1 Account – Review, Features, Brokerage Charges & more

Features

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FeaturesDescription
Simple and EfficientHelp you invest via an integrated account in different avenues like equity, derivatives, mutual funds, IPOs, ETFs, Bonds, etc.
Extensive research reportsTo invest in the right stock comes from knowledge.
Therefore, this knowledge you get from the team of an experienced professional who shares extensive research reports so that you have confidence while investing in a stock and which is in line with your goals.
ConvenienceYou can use Axis direct from the convenience of your smartphone, desktop, or tablet.
However, if you don’t have access to these gadgets you can trade over a phone call or via the Trade desk.
TransparencyAxis securities promise no hidden charges and believe in complete transparency and honest pricing. You may refer to the charges section and choose the plan that suits best for you.
Value-added servicesProvide in-depth tools like portfolio tracker, tax planning, insurance to manage your wealth in the best possible manner.
AdvisorYou get an AxisDirect Wise Advisor having expertise in Mutual funds and other instruments.

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How to Open Axis Bank 3-in-1 Account?

Axis 3-in-1 account helps in diversifying your financial portfolio and earns a maximum return. Axis Direct has three simple ways to open this account:

1By Visiting the nearest Axis Securities Limited branch
2Give a missed call on 08030636555
3Apply Online

In this topic, we will list out steps for online application. Most Importantly, you ensure to keep these documents handy during the registration process:

  • PAN card
  • Address proof: Anyone ( Aadhar Card, Driving License, Voter ID, Passport)
  • Passport size photo
  • Canceled cheque

Now you can click on this URL: https://digitalaccount.axisdirect.in/register

Also Read Upstox 3-in-1 Account – Charges, Minimum Balance & Opening Online

What are the Steps for Opening an Account?

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Time needed: 1 minute.


Here are the steps for opening an account via online mode:

  1. PAN Detail

    Enter your PAN, mobile number, email address, Date of birth. Click on Get OTP and verify the OTP received on your keyed mobile number.

  2. Account

    Congratulations message will prompt on your screen with a message if you want to open your account now click below link highlighted in red button.

  3. Personal Details A

    Post clicking on the continue button, most details get auto-populated from your PAN card database.
    Verify the details which got auto-populated if there is any change in correspondence address you can accordingly make or else click on confirm & proceed.

  4. Personal Details B

    Enter additional information like residential status, citizenship, marital status, gender, Father name, are you politically exposed, dealing through any broker, running account authorization frequency, legal proceeding by SEBI in last 3 years.

  5. T&C

    Accept their terms and conditions and proceed to bank details.

  6. Bank Details

    In this section, you have to provide your bank details like bank name, ifsc code, account number and re-confirm the same and click on proceed.
    It will route to the plan page to select the brokerage plan type with their charges.
    You can select the plan as per your need click on apply button.

  7. Make Payment

    It will take you to the payment page with the option of the card, UPI, Netbanking, Wallet.

  8. Upload Document

    Post making payment, you can upload your digital signature and click on the tick box of T7C, proceed now.
    Click on e-sign and activate instantly. Authorize the selected depository to verify you by OTP authentication.
    Account activation details will be shared by the Axis team over email and SMS in the next 72 working hours.

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Brokerage Charges

Please refer attached pdf for detailed charges associated with the 3-in-1 account for each customer category.

Equity Delivery0.50%
Equity Intraday/Futures0.05%
Equity OptionsIntraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures0.05%
Currency OptionsIntraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Commodity0.03% / Rs 50 per lot

Also Read List of Government Bonds in India – Short-Term and Long-Term Bonds

Minimum Balance

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Min balance has to be maintained as per the account type opened at Axis Bank. In short, average Balance Required across all locations:

Metro – Rs. 10,000,
Urban – Rs. 10,000,
Semi-Urban – Rs. 5,000,
Rural – Rs. 2,500

In conclusion, I would like to say the brokerage charges, account opening, and maintenance charges are quite high as compared to Zerodha and Upstox. Similar facility customers can get at a discounted rate from other broking firms. But if still, you like to get associate with well known and establish banks like Axis Bank then definitely you can go for it. In the end, we are here to make money so would suggest checking another broker plan as well before considering Axis Direct.

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