The Angel One 3-in-1 account refers to a comprehensive and integrated financial setup that combines three essential accounts for seamless investing and trading: a Demat account, a trading account, and a savings bank account. While Angel One primarily provides the Demat and trading functionalities, they are designed to work in conjunction with a user's existing savings bank account to facilitate the complete investment cycle.
Understanding the 3-in-1 Account Concept
A 3-in-1 account is a comprehensive account plan that offers the services of a Demat account, a trading account, and a savings bank account under one umbrella. This integrated approach aims to simplify the process of investing in the stock market by providing a unified platform for holding securities, executing trades, and managing funds.
The three core components are:
- Demat Account: This account holds your shares and other securities in an electronic or dematerialized format, eliminating the need for physical share certificates. It acts as a digital locker for your investments.
- Trading Account: This is your gateway to the stock market. You use this account to place buy and sell orders for various securities like stocks, mutual funds, and more. When you want to purchase shares, the order is placed through your trading account.
- Savings Bank Account: This account serves as the primary source for funding your trading activities and receiving proceeds from sales. Payments for securities purchased are made from this bank account, and receipts from securities sold are credited back to it.
How Angel One Facilitates the 3-in-1 Functionality
Angel One, as a leading stockbroker, provides users with robust Demat and trading account services. While they don't necessarily offer a proprietary savings bank account within a specific "3-in-1 product name," their platform is designed to integrate seamlessly with a client's existing savings bank account from any bank.
This integration means that:
- Fund Transfer: You can easily transfer funds from your linked savings bank account to your Angel One trading account to buy securities.
- Trade Execution: Once funds are available in your trading account, you use it to execute buy or sell orders for stocks or other financial instruments.
- Security Holdings: Upon successful purchase, the securities are credited to your Demat account, which is also managed through Angel One.
- Settlement: When you sell securities, the proceeds are first credited to your trading account and then seamlessly transferred back to your linked savings bank account.
This interconnected flow ensures that all aspects of your investment journey—from funding to trading to holding securities—are managed efficiently through a unified system, mimicking the benefits of a traditional 3-in-1 account setup.
Key Benefits of an Integrated Trading Setup with Angel One
Utilizing Angel One's Demat and trading services in conjunction with your savings bank account offers several advantages:
- Streamlined Process: All investment activities are consolidated, making it easier to manage funds, place orders, and track holdings.
- Faster Transactions: The seamless linking of accounts allows for quicker fund transfers and settlement of trades.
- Convenience: Access to Demat, trading, and fund management from a single platform or set of linked services enhances user convenience.
- Unified View: Provides a clear overview of your investments, fund balances, and trading history.
Components in Action
Here's a quick look at how the components work together:
| Component | Function |
|---|---|
| Demat Account | Stores shares and securities electronically. |
| Trading Account | Executes buy/sell orders for securities. |
| Savings Bank Account | Facilitates fund transfers for trading (payments/receipts). |
This integrated approach, whether offered as a named product or as a functional setup, simplifies the investment landscape for individuals looking to participate in the stock market. For more information, you can visit Angel One's knowledge center.
