FAQ

Why 3 In Account of ICICI

FAQ

A Unique 3-in-1 On-line Trading Account for Resident Indians

A Unique 3-in-1 On-line Trading Account for Non Resident Indians (NRI’s

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FAQ

Q: What is 3-in1 Account?

Ans: 3-in-1 account which interlinks ICICI Savings A/c, ICICI Demat A/c, Online Share Trading A/c to ensure seamless and effortless trading.  Filling just one form can open all three accounts.

Q: Why the brokerage is high for equity trading through ICICI Securities in comparison to other online portals?

Ans: If you take into consideration all the factors related to brokerages and other charges our brokerage is reasonable, I explain it in details as under:

a)     We offer both flat (fixed) and variable brokerage plan, where customer has flexibility to choose any of them based on their trading pattern and volume.

·         I-Secure – Flat brokerage of 055%: Under this plan, we charge only 0.55% of turnover for trade in Cash (Delivery) segment.  This pricing is best suited for small investors.

·         I-Saver – Variable brokerage plan: This is regressive in pricing and ranges from 0.75% to 0.25%.  This means that as you trade more, your price reduces.  Variable pricing best suits those customer who trade in high volume.

b)     Our pricing philosophy is based on the principles of transparency and consistency.

·         Our customers must know our exact price in clear terms.

·         Ensure zero ‘fine print’ pricing.  In simple terms, these means, no hidden charges.  Brokerage is inclusive of all charges and fees.

·         Consistent pricing: This simply means that we will not resort to frequent changes in price because that will confuse the customer.

c)     As an investor we invest in stocks with the objective of capital appreciation.  Transacting with a Reputed Broker with access to a sound Research advice and secured trading environment is critical to capital appreciation.  Its important to choose a broker with a focus on your well being rather than a focus on just earning brokerage.

d)     Further the brokerage that we charge is inclusive of various products and services. Following are some of the other charges that other brokers may charge you or not offer you:

1.     DP buy/sell charge: DP buy/sell charge is applicable when customer sells the shares available in his demat account.  Our Brokerage is inclusive of DP sell charge which around 0.04% of the turnover.  Competitors charge this in addition of brokerage e.g. Kotak charges 0.04% or Rs.22 whichever is higher in addition to brokerage.

2.     Pay out: We do the payout of money and shares, on the same day when Exchange does the payout to us.  The payout in case of many other broker in the market is delayed and may take 3-4 days after the Exchange payout.  If simple market rate of interest is 12% then the opportunity cost for 3 days would be approximately 0.1% of your total value blocked.  In tangible terms, customers would around Rs.1000 on payout of Rs.10 lakhs if transaction is done through ICICIDirect website because of timely payout.

3.     Interest on money allocated for trading:  We are paying Savings Bank interest on the money you allocate for trading, till the date it is used for trading, whereas other brokers are not paying any interest on the money allocated for trading.

4.     We are not charging additional charges for BTST, whereas other brokers are charging for BTST.

5.     We do not charge for each on Call N Trade, whereas other brokers are charging for the same.

6.     We do not charge for Stock Alert Facility, whereas other brokers are charging for the same.

7.     We do not charge for Research, whereas other brokers are charging for the same.

Please note that the brokerage is not that important as it is to protect your principle amount and earn.  Instead of that proper information can help you to analyze the market or product and make the right move at the right time.

Q: Why the account opening fees of ICICI is higher as compared to other brokers?

Ans: If investors submit a cheque of Rs.10000/- or more along with account opening form ICICI do not charge any account opening charges from the investors, but if you are not providing such a margin cheque then only account opening charge of Rs.975/- is payable with the account opening form.  It is inclusive of the stamping charges which is a statutory requirement. The form has 5 agreements and the total stamping cost of a form is over Rs.500.  Besides this, the form also includes demat account maintenance charges for the first year.  If simply add this, the cost is over Rs.1000/- which you can save by giving margin cheque of Rs.10000/- or more.  In addition to this if you give margin cheque of Rs.One Lakh or more you are eligible for reduced rate of brokerage @ 0.30% for first three months.  You can use this money for trading or investment.

Q: What is the benefit of quarterly average balance (QAB) in my Saving Account?

Ans: If you open a normal Savings Bank Account with ICICI Bank you will have maintain QAB of Rs.10000/- but for ICICIDirect customers it is just Rs.5000/-.  The money you allocate for trading also considered for QAB, this facility is not available with other brokers.

Q: What is the use of opening 3-in1 account with your when we do not have knowledge of equity market, mutual funds and other investment products?

Ans: Yes, this the same situation we face with 98% people we meet but let me tell you that historically it is proved that share market is only having magical power of giving highest returns to the investors and traders compared to all other investment avenues.  You might have heard something about BSE Sensex, it has started in the year 1979 with index price of 100 now in March 2016 after about 37 years it is 25000 that means one who has invested Rs.100 in 1979 value of the same is now Rs.25000/- it 250 times in this period how many other investment avenues have delivered this much returns to the investors.  You check all the avenues and you will find there is no any other investment product has delivered returns like this, it may be Gold or Real Estate or any other product.  Few of the stocks in sensex have delivered abnormal returns than sensex also for example one who would have invested Rs.1000 in the stocks of Wipro in 1981 and kept it till now, the valuation of the same would have become Rs.45 Crores.  It is the case in many stocks.  Many mutual fund schemes have delivered more that 20% annualized compounded returns to the investors in last 20 years and that too tax free.  It is true that investment in share market and mutual fund carries risk of volatility but this is the only product having capacity to deliver higher returns to beat the inflation.

Q: We are very busy people; we cannot spend time for trading and investment in share market, what is the use of this 3-in-1 account?

Ans: I have observed that busy people are generally very successful people and they only can spare their some time for making more money.  Our 3-in-1 account provides you online trading platform as well as mobile app by using the same anytime in 24 hours you can put your buy or sell order using VTC facility.

Q: Why I should open 3-in-1 account through you, Mr. Thakur, when your office is located at far away location from my residence and there are other sub-brokers available in my area?

Ans: You are absolutely right but let me tell you I am having market experience of more than a decade; I have seen lot of ups and downs in the market.  I have learned few principals of Trading and Investing in last 15 years.  I will share my experience with you I am sure if you follow all the principals and keep patience you will be able to make handsome money from share market.  Where I am located is not a problem at all for my many investors who are located in various parts of India and abroad too, all of them are happy with my services.  Now a day due to internet and mobile device the entire globe has become a small village.  I am using all available technology for providing after sales services and sharing my experience.  Further, you are getting excellent online platform, mobile app and reliable product research to take your investment decisions; everything is available online 24/7/365.  If your investment amount is higher and if you need personal assistance you can directly access the help of dedicated research advisor.  Last but not least, I am not working only to make brokerage income but my first motto is customer satisfaction.  Many NRI’s and many people from small cities, towns and villages have opened their accounts through us and all of them are satisfied then why cannot you.

Q: I want to open 3-in1 Account from you, what is the procedure for the same?

Ans: You may be staying anywhere, in any City, Town, Village or even you me NRI you can open 3-in-1 account through us easily.  Just call me on 9422430302 or send an email to sadanand.thakur@gmail.com with your intention to open the account.  We will talk on phone/cell or through Whatsapp I will try to guide you properly.  Then if you wish to open 3-in-1 account I will send you account opening form by post or courier along with letter of instructions, just follow the same and your account will be opened in less than 15 days and thereafter you can start trading or investing online from anywhere in the world and even as per your time of convenience.