What is Demat Account and 3 in 1 Account?

Dematerialization (Demat) is the process by which a client can get physical certificates converted into electronic balances. An investor intending to dematerialize its securities needs to have an account with a Depository Participant (DP).

Now, let us know what is 3 in 1 Account all about. It is an account that consists of 3 separate accounts to open together including a Bank Account, a Trading Account, and a Demat Account. Let us speak of the Advantages or Benefits of this Account.

1. Better and efficient fund transfer between Savings Account and Trading Account.

2. You can earn interest on the money being used for trading, which you normally do not get.

3. Zero Balance Savings Account (Bank)

4. Titanium Debit Card

5. Personalized Bank Account Number

6. Other Bank's Savings Account can also be linked to the Trading Account.

That's all from me.............