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Paytm Money Vs Karvy: Which one is better?

The brokerage of Paytm Money Max Rs 10 per trade while the brokerage of Karvy ranges between 0.03 to 0.3%. Paytm Money is a Discount Broker where Karvy is a Full Service Broker. Overall rating for both the brokers are equal with rating 4 out of 5.

Here we present side-by-side comparison of Paytm Money vs Karvy 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 Karvy'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 Karvy 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 Karvy'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 Karvy on Service

  Paytm Money Compare
Paytm Money
Karvy Compare
Karvy
Overall Rating Rated 4 stars Rated 4 stars
Brokerage Charges Rated 4.5 stars Rated 3.5 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 4 stars
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE NSE,BSE,MCX-SX,MCX,NCDEX
Active Clients 3,18,897
Broker Overview Best broker for free direct mutual fund investment, Zero brokerage delivery trading, and Rs. 10 flat brokerages on equity intraday and F&O trading through Paytm Money App and Web. One of the largest stockbrokers offering a full spectrum of financial products including Karvy Demat and Trading Account, NRI account, Corporate Account, Trust Account, research reports, and advisory.
Broker Enquiry Request call back from Paytm Money Request call back from Karvy
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Account Opening Charges and AMC

Compare Paytm Money vs Karvy on Trading & Demat Account Opening Charges

Comparison of Paytm Money with Karvy on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Paytm Money offer Free AMC for Demat account where Karvy charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Paytm Money with Karvy
Charges Paytm Money Karvy
Trading Account Opening Fees Free Free
Trading AMC Rs 300 PA Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 500 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Paytm Money vs Karvy on Plan Options

Plans are the most important feature you look when compare Paytm Money with Karvy. 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 Karvy on Plan Options
Plan Types Paytm Money Karvy
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Paytm Money Karvy
Account Opening Request
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Brokerage Charges

Compare Paytm Money vs Karvy 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.

Karvy Brokerage Plan detail - Karvy have different plan and this is there basic plan, For more details about plan you need to contact personally.

Brokerage Charges - Compare Paytm Money with Karvy
Brokerage Charges Compare Paytm Money Karvy
Plan Name Flat Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery Free 0.3% or 30 paisa
Equity Intraday Rs. 10 or 0.05% whichever is lower 0.03% or 3 paisa
Equity Futures Rs. 10 or 0.02% whichever is lower 0.03% or 3 paisa
Equity Options Flat Fee Rs 10 Rs 50 Per Lot
Currency Futures Rs. 10 or 0.02% whichever is lower 0.03% or 3 paisa
Currency Options Flat Fee Rs 10 Rs 50 Per Lot
Commodity Trading NA 0.03% or 3 paisa
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Rs 300 per executed order Call 18004198283 number for Call and Trade, SMS Order faclity also available
Brokerage Calculator Brokerage Calculator for Paytm Money Brokerage Calculator for Karvy
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Share Broker's Transaction Charges

Compare Paytm Money vs Karvy on Transaction Charges

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

Transaction Charges - Compare Paytm Money with Karvy
Transaction Charges Compare Paytm Money Karvy
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5000 Per Cr
Currency Futures NA Rs 110 Per Cr
Currency Options NA Rs 4000 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for paytm-money Complete Brokerage Plans for karvy
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Account Features

Compare Paytm Money vs Karvy on Account Features

Compare Paytm Money with Karvy on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Karvy offers Algo Trading where Paytm Money doesn't offers Algo Trading. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - both doesn't offer NRI Trading facility.

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

Compare Paytm Money vs Karvy on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Paytm Money and Karvy. 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 Karvy
Trading Platform Compare Paytm Money Karvy
Desktop Trading Platform Paytm Money Karvy NESTTrader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail Paytm Money Web https://trade.karvyonline.com/KARVY/Login/indexauth.jsp
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Paytm Money App KarvyOnline
Mobile Trading App Demo Info Not Available KarvyOnline Demo
Android Mobile App Yes Yes
Android App Download Andriod Paytm Money App Download Andriod KarvyOnline Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Paytm Money App Download iOS KarvyOnline Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Rs. 300/- PA Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Paytm Money Equity Intraday and Delivery Brokerage Calculator for Karvy
Futures Brokerage Calculator Futures Brokerage Calculator for Paytm Money Futures Brokerage Calculator for Karvy
Options Brokerage Calculator Options Brokerage Calculator for Paytm Money Options Brokerage Calculator for Karvy
Detail Detail on Trading Platforms for paytm-money Detail on Trading Platforms for karvy

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Broker Ratings by Users

Compare Paytm Money vs Karvy on User Rating

  Paytm Money Karvy
  4 Customer Reviews    Rate Paytm Money 3 Customer Reviews    Rate Karvy
Fees Ratings 3.8 2.7
Trading Brokerage Rating 4.5 2.3
Trading Platform Usability 3.0 2.3
Customer Service Ratings 3.5 3.7
Overall Ratings Rated 4.0 stars Rated 2.7 stars
Broker Rating Paytm Money is Rated 4.0 / 5 based on 4 customer reviews Karvy is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Paytm Money vs Karvy on Investment Offerings

Compare Paytm Money with Karvy 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 - Karvy offers trading options in Commodity (MCX) where Paytm Money doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Karvy provides PMS Service where Paytm Money doesn't offer

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

Compare Paytm Money vs Karvy on Order Types

Order Type - Compare Paytm Money with Karvy 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) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear 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 a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Paytm Money offers After Market Orders where Karvy doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

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

Compare Paytm Money vs Karvy on Customer Service

Compare Paytm Money with Karvy 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 Karvy
Customer Service Compare Paytm Money Karvy
24/7 Customer Service Paytm Money vs Karvy - 24x7 customer support No No
Email Support Paytm Money vs Karvy - Email Support Yes Yes
Onine Live Chat Paytm Money vs Karvy - Onine Live Chat No No
Phone Support Paytm Money vs Karvy - Phone Support Yes Yes
Toll Free Number Paytm Money vs Karvy - Toll Free Number No Yes
Through Branches Paytm Money vs Karvy - Through Branches No Yes
Customer Care Number Paytm Money vs Karvy - Customer Care Number 0120-4770-440 18004198283/7093706007/18004198283
Account Opening Process Paytm Money vs Karvy - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Paytm Money vs Karvy - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Paytm Money vs Karvy - Knowledge Center/Education https://www.paytmmoney.com/blog/?utm_source=Social&utm_medium=Blog&utm_campaign=Launch https://www.karvyonline.com/knowledge-center/index
Head Office Address Paytm Money vs Karvy - Head Office Address/Corporate Address Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Karvy House,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Banjara Hills,
Hyderabad - 500 034
Telangana
Website Paytm Money vs Karvy - Company Website https://www.paytmmoney.com/ www.karvyonline.com
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Tips/Research/Reports Published

Compare Paytm Money vs Karvy on Research Reports, Tips

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

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

Compare Paytm Money vs Karvy on Demat Account

Compare Paytm Money with Karvy on Demat Service and Charges. This section covers about demat charges, demat service and other details

Demat Charges - Compare Paytm Money with Karvy
  Paytm Money Karvy
DP Source CDSL CDSL
DP ID Paytm Money vs Karvy - DP ID CDSL: 1208 33200
Demat Account Annual Maintenance Charges(AMC) Nil ₹365 pa
Advance Deposit NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹10 per ISIN ₹15 per transaction
Demat ₹250 per 100 shares ₹5 per certificate + ₹40 courier charges
Remat ₹250 for 100 shares ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation ₹32 per ISIN 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Creation Confirmation Nil 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure ₹32 per ISIN 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure Confirmation Nil 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Invocation ₹32 per ISIN 0.03% of transaction value (Min ₹100 and Max ₹5k)
Failed Instruction Charges Nil ₹100
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Paytm Money vs Karvy on Special Offers and Promotion

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

Compare Paytm Money vs Karvy on Special Offers and Promotion
  Paytm Money Karvy
Pay In and Pay Out Options Paytm Money vs Karvy - 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
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Karvy Broking Trading Platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Paytm Money vs Karvy - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Paytm Money vs Karvy - Bank Supported and Charges Paytm Money allows 190+ Banks. Around 40+ bank are prefered parter with Karvy Stock Broking.
Bank Detail Info Not Available Info Not Available
Likes

Detail Review...

Customer centric, leading-edge technology, top-notch research team, professional management and a wide network of offices across India.

Detail Review...

Dislikes
  • A 3-in-1 Account is not available.
  • Platform Charges Rs. 300 per year.
  • High call & trade charges of Rs. 300 per executed order.
  • Paytm Money doesn’t offer commodity and currency trading services.
  • You cannot open an offline account with Paytm Money.
  • It only offers online services, thus, branch support is not available.
  • NRI can’t open an account with Paytm Money.
  • Margin funding and margin against share are not available.
  • Hidden Charges: Digital KYC Charges Rs 200 one time.

Detail Review...

  • 3-in-1 account opening facility is not available with Karvy.

Detail Review...

Special Offers/Promo Life Time Free Equity Delivery Trades + ₹0 account opening fee + ₹300 of free brokerage + Free Demat Account with Zero AMC
Enquiry Enquire for Paytm Money Enquire for Karvy

Last Updated on 2021-12-23T05:59:14+00:00


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