A single account provides access to a variety of stocks and other financial products.
By now you have heard or know about Demat account. But do you understand 3-in-one Demat? Yes, most people probably don’t know about it. Actually, 3-in-1 Demat account is a combination of Demat account, savings account and trading account. The 3-in-1 account makes this process faster and easier. When you buy shares, the money from your savings account is automatically transferred to the trading account. Then, the securities are transferred to the demat account. You get all three accounts at the same time. It requires very little paperwork. Your PAN and Aadhar card is enough. E-KYC facility is available.
Benefits of 3-in-1 Demat Account
easy to open account
3-in-1 Demat account opening is quite easy. This is beneficial for the customers. This makes the process easier and saves time and effort. Thanks to the automated process, customers can have a great experience with their 3-in-1 accounts.
No hassle of minimum balance
3-in-1 Demat accounts generally do not require any minimum balance. Hence, it provides greater flexibility, easy access and convenience. It encourages financial inclusion. Additionally, customers can easily manage their funds and utilize their resources as per their needs and preferences.
maintain investment
The value of your investment may increase over time. So by maintaining investments you can withstand volatility and short-term market fluctuations. 3-in-1 Demat account can also help you avoid transaction charges for repeatedly buying and selling shares. According to Kotak Securities, if you hold your assets for a long time, you can also benefit from the power of compounding.
enrollment facility
3-in-1 Demat account holders can nominate their family members. This ensures that the assets and investments are in safe hands in the event of their death. This feature improves control and transparency. It enables investors to easily view and manage their nomination data with a few clicks.
Buy and sell stocks easily
3-in-1 Demat account gives access to different types of stocks and other financial products through a single account. It simplifies the investment process, allowing investors to manage their portfolio easily. It streamlines the investment process and provides real-time trading facilities.
advanced trading tools
You get access to the most processed trading tools. This makes it easier to take the right investment decision. With the use of technical analysis tools, risk management techniques and real-time market data, investors can make well-informed decisions. Therefore, you get more flexibility, control, and transparency.
Investment monitoring from anywhere
It’s easy to monitor your investments with a 3-in-1 Demat Account. You can download the app and access it on your phone. With a few taps on your mobile, you can instantly monitor your investments. You can monitor investments from any corner of the world. Real time updates are also available in it, which saves your time.
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