How to enable the 3-in-1 account with blocking facility?

Zerodha offers trading supported with blocked amounts through a partnership with IDFC First Bank. Resident individual account holders who have linked their IDFC First Bank account as the primary bank account can enable the IDFC 3-in-1 facility by following these steps:

1. Print and fill out 2 copies of the IDFC consent form (PDF).
2. Visit the IDFC First Bank branch and get the bank stamp on both copies of the consent forms. 1 copy to be submitted to the bank.
3. Create a ticket and attach the scanned copy of the 2nd IDFC consent form along with an eSigned copy of the Zerodha consent form (PDF).

Clients who do not have an IDFC First Bank account must first open an account, link it to the Zerodha account as the primary bank, and then complete the above steps. Clients with existing IDFC 3-in-1 accounts with the one-click transfer facility can also follow the above steps to enable the blocking facility.

Clients who have enabled the IDFC 3-in-1 account with blocking facility can only trade in equity delivery and equity intraday. The brokerage charges for these accounts are as follows:

• Delivery and MTF: 0.5% per executed order.
• Intraday: 0.05% per executed order.
  

All the charges involved in a 3-in-1 account can be viewed on the List of all charges and taxes.

The 3-in-1 block facility will be enabled within 24 working hours. Zerodha will shortly provide an online option to enable it.

Once the blocking facility is enabled, funds can be blocked by following these steps:

1. Login to kite.zerodha.com/funds.
2. Click on Add funds.
3. Enter the amount and click on Block funds.

Once the funds are blocked, the amount will be visible under Payin. At the end of the day, the unused portion of the blocked amount will be released .

Did you know? The virtual contract note may show incorrect brokerage charges. The correct charges can be viewed on the contract note.