3-in-1 Account - banking, trading and demat

The video tutorial explains the concept of a three-in-one account, which integrates savings, DMAT, and trading accounts for seamless stock market trading. It covers the components of each account type and provides detailed do's and don'ts for managing the account securely. The tutorial emphasizes the importance of understanding terms, securing login credentials, and monitoring transactions to protect against unauthorized access. It concludes by highlighting the significance of following these guidelines to enhance security and minimize risks.

What is the primary benefit of a three-in-one account?

• It offers higher interest rates.

• It combines savings, DMAT, and trading accounts for easy stock trading.

• It provides free financial advice.

• It eliminates the need for a bank account.

Which of the following is a crucial step before opening a three-in-one account?

• Using the same password for all accounts.

• Ignoring the terms and conditions.

• Avoiding customer service inquiries.

• Researching different financial institutions.

Why is it important to enable two-factor authentication for your account?

• To increase transaction fees.

• To make transactions faster.

• To avoid using passwords.

• To add an extra layer of security.

What should you avoid to maintain the security of your three-in-one account?

• Using public networks for transactions.

• Updating your personal details regularly.

• Monitoring your investment portfolio.

• Using official websites for transactions.

What is a common tactic used in phishing attacks?

• Requesting feedback on services.

• Providing investment bonuses.

• Offering free stock tips.

• Sending suspicious links to steal information.