Axis Bank 3-in-1 account

Hi members

I had read a lot about the positive and negative sides of Reliance Money, ICICI and other brokerage firms out here. I visited some of the offices of firms like RMoney, Sharekhan, Indiabulls, Angel Broking, etc. Now I have taken the decision to open a 3-in-1 account with Axis Bank.

May I please have the opinion of experienced members who are dealing with the bank?

Thanx a ton...

As far as I know Axis does it through Geojit!

Trading account in geojit with DP + Bank account at Axis!!!

Yes I know about that! Axis Bank does the dealing through Geojit. I just wanted to know if Geojit is a reliable service. I took this decision because I only had 2 options, Axis 3-in-1 and Angel Broking, but opted for the former due to convenience of having all the three merged together. Besides, I have heard about good thingsof Geojit so just wanted to know whether members out here have had some bad experience with them, and would like to suggest something else.

Dear friend,

Anything works! Just see how comfortable are you with them!

If you are ok with little more brokerage and not very active trader then ICICI is good. but otherwise, if you are a very active trader, then go for sharekhan,
though not used it, Heard, not much complaint abt sharekhan

Geojit was offering a zero balance account with Uti/Axis about 2 years ago, which is discontinued now.
With some brokers offering walk in 0.2 delivery, they are still trying to stick to their 0.3%. The service is decent with no fraud, but their email support is non existent.

I opend Icici direct and had no issues and i feel its the best if you are Investor and not agressive trader.
Cuz when i traded aggressively found at the end ICICI takes up maxium share of your profits in brokerages. Also few of the scripts which you wanna buy might not be avialable for purchase mostly the z category

so i opned account in Angel fire and 0 balance with UTI.I liked the real time interface wich gives some colourful screen displays while the stocks are traded. You can have the screen what you are trading.

I stoped using angel diet as I am now out side india and the pay out is not done automatic or you need to instruct them to deposit online whatever payout you get or you need to get a check..
so etirely depends on what you prefer. I am looking fo HDFC and Axix bank if they provide good demat services i may shift to them.

Hi coolcritic,
Can you quote why you are opting for Axis3-in-1
And what features you are getting there?
Also please confirm whether you are going to do it from Geojit only or not as others are also quoting about it.
And in case you have had interactions with other broking houses, please quote your experiences here.

thnx

PS: I talked with Sharekhan guys today so with an advance of 2000 for year, they will charge 40p on DEL and 7p on ID.Plus no activation charges.IPO and MF online appl available.

Best 3-in-1 account is with HDFC Bank combined with their own HDFC securities. Have been using them without complaints for yrs now.

Not suitable for intraday though. for that i use Sharekhan connected to the HDFC bank account

Hi everyone. Thank You so much for your prompt responses.

I actually wanted a3-in-1 account for my share trading by which I could merge my savings, demat and trading account. Though Axis doesn't offer trading from their own bank but through Geojit, they have tied up exclusively with them for trading in securities online.

Prior to taking a stand on Axis 3-in-1, I visited many brokerage houses and I'll relate my experience below.

Reliance Money: They gave me a clean offer of 0.04% brokerage plus a charge of Rs. 12 on selling. They also said that 12.36% service tax on brokerage was done away with, which was an exclusive feature of their broking house. But due to the negativity spread about RMoney, I didn't consider it as an option. They charged Rs. 500 annual charges (trading upto Rs. 5lac) which was a decent sum.

ICICI 3-in-1: This was one option that I was fully convinced of, till I read about the high interest charges and other technical problems with ICICI which made me think otherwise. Though they offered me a zero-balance scheme, the word of mouth being so bad about ICICI, I called it a day.

Angel Broking: I was satisfied the most here. They offered 0.05% brokerage (0.03% after negotiation) and took my contact number for giving me further details. The offer and the general opinion seemed quite nice here.

Indiabulls: Their offer was good as well. They required an initial deposit of Rs. 900 for account opening which was fine as well. So I now had two options, Angel Broking and Indiabulls.

Sharekhan: Initially, they offered me a scheme to deposit Rs. 6000 against which the brokerage would be adjusted. When I said that I won't be trading on a regular basis and just occasionally, they gave me an offer of Rs. 2000 for adjustment of brokerage. But still, considering that the annual charges in most other brokerage houses are less than Rs. 1000, it would mean that I'll be paying more than Rs. 1000 for brokerage, which seems too much for a small investor like me. So I opted out of Sharekhan.

Axis Bank: I visited their branch and their offer was a brokerage of 0.33% with the service tax and all. On selling, they charge 2.5% or Rs. 20, whichever is less. Their trading is done through Geojit, about which I have heard some good things as well.

So with these 3 options (Indiabulls, Angel, Geojit) I went ahead with Geojit because I can easily manage my savings bank account and demat account with the linked Geojit Trading account. Angel were good people too, but solely because of the 3-in-1 facility, I opted for Geojit.

Thanks to all once again for sharing your views