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Paytm Money Vs IDBI Direct: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of Paytm Money Max Rs 15 per trade while the brokerage of IDBI Direct ranges between .08 to .5%. Paytm Money is a Discount Broker where IDBI Direct is a Full Service Broker. Paytm Money is having overall higher rating compare to IDBI Direct. Paytm Money is rated 4 out of 5 where IDBI Direct is rated only 3.5 out of 5. Number of active customer for IDBI Direct is 4,67,814 where number of active customer for Paytm Money is 70,578. IDBI Direct is serving more customer compare to Paytm Money.

Here we present side-by-side comparison of Paytm Money vs IDBI Direct share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Paytm Money vs IDBI Direct's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Paytm Money vs IDBI Direct share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Paytm Money vs IDBI Direct's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Paytm Money vs IDBI Direct on Service

  Paytm Money Compare
Paytm Money
IDBI Direct Compare
IDBI Direct
Overall Rating Rated 4 stars Rated 3.5 stars
Brokerage Charges Rated 4.5 stars Rated 3 stars
Trading Platform Rated 3.5 stars Rated 4 stars
Investments Offering Rated 4.5 stars Rated 4 stars
Customer Service Rated 3.5 stars Rated 3.5 stars
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE
Active Clients 70,578 4,67,814
Broker Overview In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 15 lowest brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & w... Know more about Paytm Money IDBI Capital provides well rounded services like 3 in 1 account, support to NRIs, research reports and analytical tools but comes with subscription fee thus not suitable for casual trader. But it can suit active investors with its competitive broker...Know more about IDBI Direct
Broker Enquiry Request call back from Zerodha Request call back from Paytm Money
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Account Opening Charges and AMC

Compare Paytm Money vs IDBI Direct on Trading & Demat Account Opening Charges

Comparison of Paytm Money with IDBI Direct on trading & demat account opening charges and AMC. Trading account opening charges - Paytm Money offer Free account opening where IDBI Direct charges Rs 700 for account opening. Demat AMC charges - Paytm Money offer Free AMC for Demat account where IDBI Direct charges Rs 350 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Paytm Money with IDBI Direct
Charges Paytm Money IDBI Direct
Trading Account Opening Fees Free Rs 700
Trading AMC Rs 30 per month (Platform fees) Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 350 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Paytm Money vs IDBI Direct on Plan Options

Plans are the most important feature you look when compare Paytm Money with IDBI Direct. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Paytm Money with IDBI Direct on Plan Options
Plan Types Paytm Money IDBI Direct
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Paytm Money
Account Opening Request
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Brokerage Charges

Compare Paytm Money vs IDBI Direct on Brokerage Charges

Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas equity delivery trading and mutual fund investment with Paytm Money is absolutely free of cost.

IDBI Direct Brokerage Plan detail - This is a prepaid brokerage plan with subscription fee.Plan duration from 6 to 12 months.

Brokerage Charges - Compare Paytm Money with IDBI Direct
Brokerage Charges Compare Paytm Money IDBI Direct
Plan Name Flat Brokerage Plan Flexi Gold Trading Plan (Percentage Based)
Equity Delivery 2.5% or Rs 15 whichever is lower 0.5% or 50 paisa
Equity Intraday 0.05% or Rs 15 whichever is lower 0.08% or 8 paisa
Equity Futures 0.02% or Rs 15 whichever is lower 0.08% or 8 paisa
Equity Options Flat Fee Rs 15 per order Rs 100 Per Lot
Currency Futures NA 0.08% or 8 paisa
Currency Options NA Rs 100 Per Lot
Commodity Trading NA NA
Minimum Brokerage NIL Rs 25 per trade or 2.5% of the trade value whichever is lower.
Hidden Charges No Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 100 per executed order NA
Auto Square off Charges Rs 50 per executed order NA
Brokerage Calculator Brokerage Calculator for Paytm Money Brokerage Calculator for IDBI Direct
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Share Broker's Transaction Charges

Compare Paytm Money vs IDBI Direct on Transaction Charges

Compare Paytm Money with IDBI Direct on transaction charges and PCM fee by segment.

Transaction Charges - Compare Paytm Money with IDBI Direct
Transaction Charges Compare Paytm Money IDBI Direct
Equity Delivery Rs 345 Per Cr Rs 325 Per Cr
Equity Intraday Rs 345 Per Cr Rs 325 Per Cr
Equity Futures Rs 200 Per Cr Rs 190 Per Cr
Equity Options Rs 5300 Per Cr Rs 5100 Per Cr
Currency Futures NA Rs 110 Per Cr
Currency Options NA Rs 4000 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for paytm-money Complete Brokerage Plans for idbicapital
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Account Features

Compare Paytm Money vs IDBI Direct on Account Features

Compare Paytm Money with IDBI Direct on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Paytm Money offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - IDBI Direct offers a margin funding where Paytm Money doesn't offers margin funding. NRI Trading - IDBI Direct offers NRI where Paytm Money doesn't offers NRI Trading.

Account Features - Paytm Money with IDBI Direct
Account Features Compare Paytm Money IDBI Direct
3 in 1 Account No Paytm Money have 2-in-1 account. Only Demate and Trading account. Yes, Paytm Money have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:10 PM 3:15PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare Paytm Money vs IDBI Direct on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Paytm Money and IDBI Direct. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Paytm Money with IDBI Direct
Trading Platform Compare Paytm Money IDBI Direct
Desktop Trading Platform Paytm Money Infinity
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail Paytm Money Web https://trade.idbicapital.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App Paytm Money App IDBI Direct Mobile App
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Paytm Money App Download Andriod IDBI Direct Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Paytm Money App Download iOS IDBI Direct Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Rs. 30 per month Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Paytm Money Equity Intraday and Delivery Brokerage Calculator for IDBI Direct
Futures Brokerage Calculator Futures Brokerage Calculator for Paytm Money Futures Brokerage Calculator for IDBI Direct
Options Brokerage Calculator Options Brokerage Calculator for Paytm Money Options Brokerage Calculator for IDBI Direct
Detail Detail on Trading Platforms for paytm-money Detail on Trading Platforms for idbicapital

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Broker Ratings by Users

Compare Paytm Money vs IDBI Direct on User Rating

  Paytm Money IDBI Direct
  4 Customer Reviews    Rate Paytm Money 31 Customer Reviews    Rate IDBI Direct
Fees Ratings 3.8 3.0
Trading Brokerage Rating 4.5 2.5
Trading Platform Usability 3.0 2.6
Customer Service Ratings 3.5 2.7
Overall Ratings Rated 4.0 stars Rated 2.7 stars
Broker Rating Paytm Money is Rated 4.0 / 5 based on 4 customer reviews IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews
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Investment Offerings

Compare Paytm Money vs IDBI Direct on Investment Offerings

Compare Paytm Money with IDBI Direct on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker don't offers Commodity Trading (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Paytm Money with IDBI Direct
Investment Offerings Compare Paytm Money IDBI Direct
Equity Cash and F&O Yes Yes
Currency Deravitives No Yes
Commodity No No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No Yes
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NPS NIL
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Order Types

Compare Paytm Money vs IDBI Direct on Order Types

Order Type - Compare Paytm Money with IDBI Direct on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Paytm Money provide Cover Orders (CO) where IDBI Direct doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Paytm Money provide Bracket Orders (BO) where IDBI Direct doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Paytm Money with IDBI Direct
Order Type Compare Paytm Money IDBI Direct
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Paytm Money vs IDBI Direct on Customer Service

Compare Paytm Money with IDBI Direct on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Paytm Money with IDBI Direct
Customer Service Compare Paytm Money IDBI Direct
24/7 Customer Service Paytm Money vs IDBI Direct - 24x7 customer support No No
Email Support Paytm Money vs IDBI Direct - Email Support Yes Yes
Onine Live Chat Paytm Money vs IDBI Direct - Onine Live Chat No No
Phone Support Paytm Money vs IDBI Direct - Phone Support Yes Yes
Toll Free Number Paytm Money vs IDBI Direct - Toll Free Number No Yes
Through Branches Paytm Money vs IDBI Direct - Through Branches No Yes
Customer Care Number Paytm Money vs IDBI Direct - Customer Care Number Info Not Available Info Not Available
Account Opening Process Paytm Money vs IDBI Direct - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Paytm Money vs IDBI Direct - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Paytm Money vs IDBI Direct - Knowledge Center/Education https://www.paytmmoney.com/care Info Not Available
Head Office Address Paytm Money vs IDBI Direct - Head Office Address/Corporate Address Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Info Not Available
Website Paytm Money vs IDBI Direct - Company Website https://www.paytmmoney.com/ Info Not Available
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Tips/Research/Reports Published

Compare Paytm Money vs IDBI Direct on Research Reports, Tips

Compare Paytm Money with IDBI Direct on research reports and tips provided by the broker.

Research Reports - Compare Paytm Money with IDBI Direct
  Paytm Money IDBI Direct
Research Mutual Funds Paytm Money vs IDBI Direct - Research Mutual Funds No Yes
Research Equity Reports Paytm Money vs IDBI Direct - Research Equity Reports No Yes
Research ETF Paytm Money vs IDBI Direct - Research ETF No Yes
Daily Market Report Paytm Money vs IDBI Direct - Daily Market Report No Yes
Free Tips Paytm Money vs IDBI Direct - Free Tips No Yes
Quarterly Result Analysis Paytm Money vs IDBI Direct - Quarterly Results No Yes
News Alerts Paytm Money vs IDBI Direct - No Yes
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Demat Account

Compare Paytm Money vs IDBI Direct on Demat Account

Compare Paytm Money with IDBI Direct on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for IDBI Direct is ₹350 pa where for Paytm Money is Zero.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Paytm Money is ₹10 per ISIN where for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Paytm Money with IDBI Direct
  Paytm Money IDBI Direct
DP Source CDSL CDSL
DP ID Paytm Money vs IDBI Direct - DP ID CDSL: 1208 No
Demat Account Annual Maintenance Charges(AMC) Zero ₹350 pa
Advance Deposit Nil NO
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹10 per ISIN 0.04% of transaction value or ₹30 whichever is higher + CDSL charges
Demat ₹250 per 100 shares ₹5 per certificate + ₹30 courier charges
Remat ₹250 per 100 shares ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation ₹32 per ISIN 0.05% of transaction value or ₹50 whichever is higher
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹32 per ISIN 0.0002% of transaction value or ₹25 whichever is higher
Pledge Closure Confirmation Nil 0.0002% of transaction value or ₹25 whichever is higher
Pledge Invocation ₹32 per ISIN 0.0015% of transaction value or ₹25 whichever is higher
Failed Instruction Charges Nil Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Paytm Money vs IDBI Direct on Special Offers and Promotion

Compare Paytm Money with IDBI Direct on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Paytm Money vs IDBI Direct on Special Offers and Promotion
  Paytm Money IDBI Direct
Pay In and Pay Out Options Paytm Money vs IDBI Direct - Pay In and Pay Out Options Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Paytm Money vs IDBI Direct - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Paytm Money vs IDBI Direct - Bank Supported and Charges Paytm Money allows 190+ Banks. Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • Lowest brokerage online trading at Rs. 15 per order.
  • No brokerage on delivery orders and intraday and F&O trade at even low brokerage of Rs. 10/order for account opened before 5 August 22.
  • Invest in direct mutual funds for free and get upto 1% higher return.
  • Get free mutual fund advisory services.
  • One-tap switch facility to switch external regular mutual fund investment to direct mutual funds.
  • Apply for IPO online.
  • Advanced orders like bracket order, cover order, and after market order.
  • Place GTT (Good Till Triggered) order to place longer period order.
  • Easy to use and great design platforms for traders and investors.
  • Online fund transfer via 190+ supported banks.
  • Fund transfer via UPI is free.
  • Paytm Wealth Academy to boost financial education for beginners.
  • No hidden charges & investment fee.

Detail Review...

Detail Review...

Dislikes
  • It does not offer commodity and currency trading.
  • Paytm Money charges 30/month platform fees or Rs. 300 per year.
  • You cannot open a 3-in-1 account.
  • NRIs cannot open an account with Paytm Money.
  • It does not offer zero brokerage unlimited monthly trading plans.
  • Very high call & trade charges of Rs. 300/order.
  • Delivery trading is not free for new customers who opened accounts after August 22.

Detail Review...

Commodities & Currency trading is not available, minimum brokerage charges, technical issues with trading platforms

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Paytm Money Account Now>>

Last Updated on 2022-08-05T07:04:24+00:00