Saraswat Bank, India’s largest Urban Co-operative Bank and Axis Securities Ltd., have come together to offer the bank’s customers a 3-in-1 account i.e. Savings, Demat & Online trading, all in one account, the brokerage said in a release.
With this tie-up, Saraswat Bank’s customers can perform banking and trading transactions. The 3-in-1 account 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, the brokerage said.
Saraswat Bank Chairman, Gautam Thakur, 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.”
B Gopkumar, MD & 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.”