FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Paytm Moeny Account
Open Paytm Money account online and enjoy brokerage Free mutual fund investment, Maximum ₹20/trade. Avail special offer with us - Free brokerage for 15 days.In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 20 maximum brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & web platform.
Paytm Money Limited was founded in 2017 by One97 Communications, India’s largest digital payment services company. The platforms offered by Paytm Money make your investment journey easier than ever before. Enjoy a fully digital investment experience at no paperwork with Paytm Money through its simple, user-friendly and transparent trading platforms.
Check out the Paytm Money review to know about the brokerage fee, account opening fee, Demat AMC, trading platform features and much more.
Initially, the stock broker offered only direct mutual funds, but later added other investment products as well.
Paytm Money is a registered stock broker with SEBI, BSE, NSE and CDSL depository participant. You can trade or invest in stocks, equity F&O, IPOs, and direct mutual funds. The stock broker is also registered with PFRDA as a point of presence to allow investment in NPS (National Pension Scheme).
A maximum of Rs 20 brokerage is charged for trading in all segment while investment in mutual funds are free.
You can trade or invest through Paytm Money's mobile app or trading website. Paytm Money's platforms are very easy to use and allow users to invest effortlessly. It also offers advanced trading tools like TradingView charts, GTT, bracket order, cover order, and advanced F&O analysis.
Paytm Money does not offer intraday trading tips/calls, research reports and advisory services to its users.
Current promotion offer from Paytm Money for InvestorGain Visitors:
Likewise Zerodha, Upstox, 5paisa, Angel One, Paytm Money also follows fixed or flat Rs 20 pricing model.
All equity intraday trades are charged at a lower of 0.05% or Rs 20/order brokerage.
However, unlike Zerodha, Fyers, and Angel One who offer free investment in stocks, Delivery trading is not free in Paytm Money. Trading in equity delivery segment (Cash N carry) is charged with a brokerage of Rs 20/order or 2.5% whichever is lower.
Equity futures & options are charged with Rs 20 flat fee or commission. Thus, whether you trade in delivery, intraday, or derivative, the maximum brokerage you have to pay is Rs 20 per executed order.
However, if you have opened an account with Paytm Money before 26 August 23, then equity intraday, delivery, and F&O trading will be charged at the cheapest brokerage of Rs. 15 per order.
Trading Account Opening Charges: | Free |
Trading Account AMC: | Rs 30 per month (Platform fees) |
Demat Account Opening Charges: | Free |
Demat Account AMC: | Free |
Here we are comparing Paytm Money with its 5 close competitors, who are currently market leader in brokerage industry.
Broker | Paytm Money | 5paisa | Zerodha | Upstox | Fyers |
Service Type | Discount Broker | Discount Broker | Discount Broker | Discount Broker | Discount Broker |
Brokerage Range | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
Account Type | 2 in 1 | 2 in 1 | 3 in 1 | 3 in 1 | 2 in 1 |
Equity Delivery | 2.5% or Rs 20 whichever is lower | Flat Fee Rs 20 | Free | 2.5% or Rs 20 whichever is lower | Free |
Equity Intraday | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.03% or Rs 20 whichever is lower |
Equity Futures | 0.02% or Rs 20 whichever is lower | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.03% or Rs 20 whichever is lower |
Equity Options | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
Commodity | NA | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
Currency Futures | NA | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.03% or Rs 20 whichever is lower |
Currency Options | NA | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
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For complete brokerage charges and trading plans detail please visit Paytm Money Brokerage Charges.
Please refer unique and accurate Paytm Money Brokerage Calculator
To invest in the Indian stock market, you need to open several accounts with Paytm Money. Here are the types of accounts the broker offers to users;
As a CDSL DP, the stock broker allows you to open a 2-in-1 or trading and demat account. The process to open an account is simple, user-friendly, and completely paperless.
All you need to do is register your KYC digitally at zero hassle through Paytm Money app. The stock broker has Rs 0 KYC charges for account opening and also has no demat maintenance charges.
Paytm Money trading account allows you to trade in equity delivery, intraday, and equity F&O segments.
Paytm Money is a popular broker for mutual fund investment. To invest in mutual funds, you need to open a Demat account mandatorily as it stores all your mutual fund holdings.
Here are the reasons why;
Open an account with Paytm Money in a fully digital manner at zero paperwork involved. The broker provides instant 100% paperless KYC based account opening process wherein customers can download the Paytm Money app, register KYC, and complete the set up.
Step to open Paytm Money Demat Account Online;
Note: Once the KYC process is done and details are verified by the KYC team, your Demat & Trading account will be activated, and you can start trading and investing in stocks and derivatives.
Paytm Money Account
Lifetime Zero Demat AMCInvest effortlessly through Paytm Money mobile app and website at no hassle. The platforms not only allow you to invest seamlessly but also provide a host of features for traders and investors like you.
Unlike other top brokers like Zerodha, Fyers, Groww who offer free-of-cost platforms, Paytm Money charges an upfront fee to use its platform features. You can choose to pay a fee of Rs 30 + GST every month while its annual subscription fee is Rs 300 + GST.
The broker does not have installable desktop trading software for pro traders.
Paytm Money app is an all-in-one mobile app to invest in equities and manage your wealth. Everything from stocks to equity futures & options, mutual funds, NPS, debt instruments, and IPOs, you will find them all in the Paytm Money App.
Not just the user-friendly app interface make your investing journey effortless but it also has many innovative features such as customized watchlists, stock price data, access to TradingView charts, the company’s financials, stock SIP, and advanced orders like BO, CO, and GTT order. You can also set price alerts and get real-time market notifications to monitor your favorite stock.
If you trade in F&O, you will find F&O dashboard on the app with advanced F&O analytics like option chain, Heatmap, Option Greeks, FII/DII, Market Movers, Open Interest analysis, and more.
It is a 100% safe and secure app with 2-factor authentication and fingerprint & PIN-based protection that offers bank-grade security.
Download the Paytm Money app on any Android or iOS device to trade at your fingertips.
The website allows you to invest in equities, IPO, direct mutual funds, NPS, and trade in equity F&O. From portfolio tracking and monitoring at ease to one-tap order placement, price charts, automate SIP investment in stocks and mutual funds, P&L reports, GTT order, and more technical tools are available on the Paytm Money web platform.
To provide enhanced safety and secure user experience, the broker offers QR QR-based login to its website. The feature eliminates the need to manually enter your login credentials while login in to the Paytm Money Web.
Whether you are an individual trader, investor, or a new startup, use Paytm Money API to develop a personalized trading platform.
Free API access by Paytm Money help people to execute orders in real-time, manage their portfolio, view positions, get live streaming market broadcasts with Websocket, and more.
For detail review of mobile app and download please visit Paytm Money Trading Platform Review.
The discount broking firm only provides online customer support via email and raising a ticket online. However, offline branch-based support is not available. It does not even have a customer care number to solve customer queries.
If you are a beginner who has just entered the world of trading and investing, Paytm Money is the best broker for you.
The user-friendly platforms coupled with low-cost brokerage trading at Rs 20/order and free investment in mutual funds make Paytm Money an excellent choice for you.
Last updated on: 2023-12-22
Any Paytm Money user can change default bank account online. Paytm money allows customers to change the primary bank account and add a new bank account as default bank through the below steps;
Beginners do not have good trading knowledge and their key requirement is to trade at the lowest brokerage charges and in this regard, Paytm is the best broker. It is because the broker offers trading at just Rs. 20 per order flat brokerage on intraday, delivery, and equity derivative trading. Further, it is the best broker for beginners who want to invest in mutual funds because the brokerage firm offers direct mutual funds at zero brokerage fee and also offers mutual fund advisory services to assist people to invest in the best mutual fund scheme.
Paytm Money Stock Broking is absolutely free for investment in direct mutual funds across asset classes of 40 AMCs. However, the broker does not allow free investment in stocks as delivery, intraday, and equity F&O trading is charged at Rs 20/per order brokerage fee.
Yes, Paytm Money Limited, a subsidiary of Paytm is a SEBI-registered Investment Adviser under SEBI regulation 2013. Both the Paytm Money Web and Paytm Money Mobile app are the SEBI-registered platforms that assure its integrity, safety, and security.
Paytm Money offers the simplest and easy to use online trading platforms to its clients through Paytm Money App and web platform.
Steps to start online trading with Paytm Money:
In March 2019, Paytm Money launched “Investment Packs” to provide a one-stop solution to meet investor's long-term goals. In this, the broker’s advisory team creates a bunch or portfolio of 3-5 mutual fund schemes that are suitable in line with the client’s risk profile and investment goal. There are two types of Paytm Money Investment Packs that are as follows;
Any Paytm Money Trading Account holder can add or transfer funds using two different modes, mentioned as follows:
Paytm Money offers a free UPI-based fund transfer mechanism to add funds instantly to your trading.
Steps to transfer funds to Paytm Money account using UPI:
Customers can add money to their Paytm Money trading account using their net banking portal. The discount broker charges Rs. 10 payment gateway charges + applicable GST to transfer funds through the net banking process.
If you have enough margin available in your account, then you can convert intraday positions to delivery trade or vice-versa. Here is the process explained to convert intraday to delivery trade through Paytm Money;
Note: You can follow the same steps to convert CNC to MIS as well. Position conversion from intraday to carry forward (CNC) and carry forward to MIS is only allowed till 3:15 PM.
KYC (Know Your Customer) is a mandatory process to verify customers’ identities. Paytm Money offers a 100% paperless or digital account opening process by successfully registering KYC. If you want to trade and/or invest in stocks, derivatives, and IPO, then you must complete stock market KYC through its mobile app or trading website. The KYC registration process is fully digital, easy, and takes just a few minutes and once details are verified, your account will be Investment Ready (IR).
Steps to register stock market KYC on Paytm Money
Yes, Paytm Money is a safe for trading and for investment due to following reasons;
Paytm Money is one of India’s fastest growing discount brokers that is offering trading and investment in stocks, futures & options, mutual funds, and NPS retirement funds. Traders and Investors can choose broker on various reasons;
Paytm Money Securities is the best online stockbroker for mutual fund investment due to below reasons;
The position gives a summary of all the executed trade orders. For instance, if you have bought a share today, then it will be shown under the “position” section under the “Portfolio” tab. However, stocks purchased today will be shown in the “Holdings” tab from the next trading day.
Balance used shows the amount used by a user for all the trade orders placed through Paytm Money App or web. It includes the amount of all the orders executed as well as the blocked amount for pending orders.
Ledger statement represents the complete details of all the fund transfer transactions including deposits (payins) and withdrawal (payouts) processed for a particular period. Every day, the ledger gets updated at 10:30 to 11:00 PM. Customers can download the ledger statement from the Paytm Money mobile app or web platform through the below steps;
You can check the details of the complete charges in the contract note shows available on the Paytm Money app and website. The contract note shows the complete breakdown of all the charges including brokerage, exchange transaction fee, security transaction charges (STT), GST, Stamp duty, and others.
Unrealized P& L indicates all profits and losses resulting from an increase or decrease in value of the investment, but that is not yet booked means P&L that exists on paper and shares are not yet sold by the user.
As per the market regulator SEBI, each broker has a mandatory obligation to do the funds and securities settlement every quarter and send the retention statement to the client. Under the quarterly settlement process, all the fund balance in the Paytm Money Trading account is credited back to the customer’s bank account.
Paytm Money allows customers to add a maximum of 5 bank accounts that can be linked to the Paytm Money Trading account. Customers can add or withdraw funds through any of these 5 accounts. The broker supports instant bank account verification via IMPS penny drop verification wherein Paytm Money transfers Rs. 1 instantly to your bank account.
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent