Zerodha IDFC Bank 3 in 1 account

Recently, there has been a partnership between IDFC Bank and Zerodha with an objective to cater to Zerodha IDFC First Bank 3-in-1 account. Through this, the investors can have the seamless banking & investing experience.

The Zerodha IDFC first bank 3-in-1 account offers IDFC Bank Account, Zerodha Trading, and Demat Account.

There is an ease in opening a Zerodha IDFC-Bank 3-in-1 account, as all the process is online. The primary step is that you need to open IDFC bank account first and then open Zerodha trading and demat account via an online process.

Once you have completed the process of account opening with Zerodha (Post e-signing), after that you can download pre-filled 3-in-1 POA form available in the account opening dashboard.

You need to print, sign and send it to the Zerodha head office address on the below-given address:

• Zerodha H.O,
  No.153/154, 4th Cross Dollars Colony,
  Opp. Clarence Public School,
  J.P Nagar 4th Phase,
  Bangalore – 560078

Zerodha IDFC First bank 3-in-1 Account Charges

The 3-in-1 is a special facility that is given to IDFC bank customers.

Underneath charges are for online opening of Zerodha IDFC first bank 3-in-1 account:

1. The fees for Trading and Demat account is Rs 200.
2. The fees for Commodity Account is Rs 100.
3. Demat account AMC - Rs 300 PA.

If you opt to open the aforementioned account through offline method, then you have to pay Rs 200 additionally for Trading and Demat account and Rs 300 for Trading, Demat and Commodity account. For more details about Zerodha Trading & Dmeat account charges please visit - Zerodha Brokerage Plan section.

How to avail Zerodha 3-in-1 account facility?

The investors who already have Zerodha 2-in-1 account and want to avail 3-in-1 account services, then they have to open their account with IDFC Bank on the first place. It is only possible if you already have IDFC Bank Account as the primary Bank Account for your Zerodha Trading and Demat Account.

• The steps to change your 2-in-1 account to IDFC FIRST Zerodha 3-in-1 Account will be as follows:

  1. In the first step, you have to go to the link: https://signup.zerodha.com/idfc - and click on “Continue with Kite”.
  2. In the second step, you have to verify your 'Personal details' and 'Bank details' and then click on “Convert to IDFC 3-IN-1 ACCOUNT”.
  3. Lastly, you have to download Common POA – Print, Sign and submit a physical copy to Zerodha’s headquarters.

So in summary, There are no additional cost in opening 3-in-1 account with Zerodha and IDFC Bank. Trading and Demat account charges are same and can get more details on Zerodha Review page.

Advantages of Zerodha IDFC First Bank 3-in-1 Account

In this compelling industry, the Zerodha IDFC bank tie up offers exemplary benefits to the investors. Let us discuss the advantages offered by them:

1. There is a quick free fund transfer on the real-time from your IDFC’s bank account to Zerodha’s trading account without any hindrance.
2. Real-time sync of IDFC bank account with a trading account, so you can check the IDFC bank account balance in your trading account.
3. There is no upper limit for fund transfer.
4. All of your assets (stocks, ETFs, Bonds, Mutual Funds, and cash) are visible at one dashboard.