Axis Bank 3-in-1 Account vs ICICI Bank 3-in-1 Account – Review & Brokerage Charges

In this article, we will discuss Axis Bank 3-in-1 account vs ICICI Bank 3-in-1 account in detail. Before discussing the difference we will reiterate both accounts in brief. In case you would like to check these accounts in detail you can refer to these links:

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

ICICI Bank 3-in-1 Account

As the name suggests, 3-in-1 offers the facility of three accounts combined in one to offer seamless and efficient trading cum investment experience to their customer. One of the oldest and popular 3-in-1 accounts in the trading market. Therefore, the account carries the legacy of ICICI Bank as this product is offered from ICICI securities hence you can expect excellent customer service and transparency in each transaction.

List of features which this account promises to their customers:

  1. Multi accessibility via varied modes as web, mobile or over the phone call.
  2. Live streaming of quotes or share price with Trade Racer.
  3. Various brokerage plan meeting the need of different set of investors.
  4. You can track your all investments at one place.

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

Axis Bank 3-in-1 Account

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Axis Securities Limited’s 3-in-1 accounts also offer more or less the same features to keep attracting customers to their trading platform. Nothing new they provide that would give an edge over other 3-in-1 segments. Here are the key benefits which Axis Direct offer to their customers:

  1. Provide a simple and efficient way of investing via a 3-in-1 account in varied avenues like equity, MFS, IPO, derivatives, ETFs, bonds, etc.
  2. Customers can conveniently use the platform by different means such as mobile phones, tablets, or desktops.
  3. In order to help you with the right knowledge, of trading and investment, they do provide extensive research reports prepared by experts market professionals.
  4. You also axis direst wise advisor having mutual funds expertise to help you with your investment needs.

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

Axis Bank 3-in-1 vs ICICI Bank 3-in-1 Account

Now let’s discuss the main business of this topic which one would like to invest in before opening an account with both bank’s subsidiaries:

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

Demat ServicesICICI DirectAxis Direct
Depository SourceNSDL & CDSLCDSL & NSDL
Account Opening Charges Zero to Rs. 975Rs.999
Demat AMC ChargesZero for First years, 2nd year onward Rs. 700 plus GstRs.650 per annum
Margin MoneyMinimum Rs.20,000Rs.25,000
Offline to OnlineNoNo
Brokerage Charge & FeesICICI Brokerage planAxis Brokerage plan
Equity Delivery Trading0.55%0.20% – 0.60%
Equity Intraday Trading0.03% – 0.05%0.03% – 0.05%
Commodity Options TradingRs.20 per orderRs.50 per order
Equity Futures Trading0.03% – 0.05%0.03% – 0.05%
Equity Options TradingRs.20 per lotRs.10 per lot
Currency Futures Trading0.03% – 0.05%0.03% – 0.05%
Currency Options TradingRs.10 – Rs.35 per LotRs.10 per lot
Minimum BrokerageRs.35 per TradePercentage of Transactions
Call N Trade ChargesRs. 50 per tradeRs.20 per call
Customer Rating4.53

Also Read Edelweiss Tx3 vs Xtreme Trader [2021]-Review and Features

Conclusion

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If you compare both accounts in the long run ICICI Direct will be a better option in terms of services and brokerage plan basis my experience having dealt with both security companies. In case you like to make most of the trading, then you may think of Zerodha and Upstox as well.

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

FAQs

What is eATM order?

It’s a facility offered by icici direct in which once you execute a sell order, money will be credited to your linked bank account in the next 30 minutes. Thus, the customer is not required to wait for T+2 days.

What is BSDA?

It is a basic service Demat account that comes with no or low annual maintenance charges. Usually meant for non-active investors. As per SEBI guidelines, the charge structure is based on the value of holdings in the accounts:

1) No AMC will be charged if the holding value is less than Rs50000/-
2) Between Rs50000 to Rs.200000, Rs 100 may be charged.
3) In case exceeding more than Rs. 2lacs at any date, your BSDA accounts get converted into regular accounts as per company required charges will be applicable.

How to identify good companies’ stock to make a diversified portfolio?

The best approach would be to use a stock screener. By using this option, you can apply a few filters (like PE ratio, debt to equity ratio, market cap, etc) specific to the industry which you are analyzing and extract an exhaustive list of stocks based on your criteria and risk appetite.

Also Read Edelweiss Tx3 vs Xtreme Trader [2021]-Review and Features

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