Religare Securities (RSL), retail broking arm of India's diversified financial services group, Religare Enterprises (REL) have entered into a strategic tie-up with Saraswat Bank, co-operative bank in India, to launch the ''3 in 1 account'' (savings, demat and online trading) for the bank's customers.

Commenting on the tie-up, Nitin Jain, CEO Religare Securities said, ''The new product offering will enable us to jointly offer a one of its kind umbrella solution to address customer needs across savings/demat/online trading through a single interface.  Online trading will be powered by a market leading online trading platform, Religareonline.com equipped with cutting edge features to provide users a hassle free, seamless and convenient trading experience.''

Shashikant Sakhalkar, Chairman, Saraswat Bank, said, ''The product offers a 3-in-1 account, meaning opening a single account for savings, demat and trading requirements.  With this account, the customer is ensured a seamless online trading experience with simple, smart and personalized interface of Religare Online.  The product shall facilitate investment in the capital market for customers. The product shall be available in all the branches of the bank across India.''

Shares of Religare Enterprises gained Rs 3.25, or 1.08%, to settle at Rs 304.80. The total volume of shares traded was 456 at the BSE (Tuesday).