3 in 1 account: Customers can now avail services of savings, demat and trading in one account

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India’s urban co-operative bank, Saraswat Bank with its spread across six states – Maharashtra, Goa, Gujarat, Delhi, Madhya Pradesh and Karnataka – and Axis Securities Ltd. (ASL), a wholly-owned subsidiary of Axis Bank, have come together to offer the bank’s customers a 3-in-1 account i.e. savings, Demat and online trading, all in one account. With this tie-up, Saraswat Bank’s customers can conveniently perform a perfect blend of banking and trading transactions. The 3-in-1 account seamlessly integrates savings bank account, Demat account, and trading account.

This facility will make it easier for customers to transfer funds quickly, reduce paperwork and most importantly, provide a comprehensive platform to invest in various investment instruments like equities, derivatives, currency, commodities, MF, IPO, etc.

Saraswat Bank Chairman, Gautam Thakur, commenting on the tie-up said, “To grow as a contemporary organization that meets consumer needs with a range of creative banking and financial products, we have decided to partner with Axis Securities, to offer a perfect blend of banking and investing. Our collaboration will broaden and improve Saraswat Bank’s ability to offer integrated financial solutions to a diverse customer base.”

Commenting on the partnership, B Gopkumar, MD and CEO, Axis Securities, said, “We are happy to collaborate with the esteemed Saraswat Bank, which has a strong presence, particularly in the western region of the country, and extend our investment solutions to their customers. In addition to the excellent banking services, Saraswat Bank customers will now have access to a dynamic range of technology-driven investment products to help them achieve their financial goals seamlessly. This tie-up is another milestone in our journey to make investments simple and accessible to all.”