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Paytm Money Review

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Paytm Money Review

Paytm Moeny Account

Open Paytm Money account online and enjoy Free Delivery Trades for Life, Flat ₹10/trade for F&O, and Intra-day. Avail special offer with us and Get Rs 300 worth of brokerage free.
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Paytm Money, an online stockbroking of One 97 Communications Ltd. The company offers the best brokerage plan - Free equity delivery for a lifetime and the lowest brokerage equity intraday and F&O trading at just Rs. 10 per order. The Company also offers FREE Direct Mutual Fund Investment.  Paytm Money is a depository participant with CDSL. It is also a SEBI registered investment advisor for mutual fund advisory.

The broker offers a 100% paperless account opening process to open Demat and Trading Account. The client can open an instant Paytm Money Account and start online trading through Paytm Money Mobile App and Web platform. The mobile app comes with strong bank-level data security, super intuitive. The mobile trading app is available for both android and IOS versions. It neither charges any brokerage fee on MF investment nor charges DP fee on mutual fund redemption.

Paytm Money Review 2021 - Quick Summary

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.


Benefits

  • Multiple product offerings i.e. Equity, F&O, NPS, Digital Gold, ETF, and Mutual Fund.
  • Free Demat AMC.
  • Zero brokerage or commission-free Direct Mutual Fund Investment.
  • Free equity delivery trading and Intraday and F&O trades at the maximum brokerage of Rs. 10 per order.
  • 100% digital KYC to open Instant Paytm Money Account.
  • Best in-house built Paytm Money App and Web online trading platforms.
  • Zero AMC on Demat account maintenance and no hidden charges.
  • One-Tap switch from external regular MF investment to direct mutual funds.
  • Hassle-free fund transfer (Deposit and withdrawal) process through UPI.
  • Safe and secure mobile app with 2-factor login authentication with fingerprint and Pin-protected locks.
  • 190+ supported banks for SIP auto-pay with physical mandates.
  • Advanced orders like aftermarket order, bracket order, and cover order.
  • Smart stock discovery, price alerts, SIP reminders, and an inbuilt online brokerage calculator.

Considerations

  • 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.

Special Offer

Life Time Free Equity Delivery Trades and More...

  • ₹0 account opening fee +
  • ₹300 of free brokerage +
  • Flat ₹10 per trade for Intraday & F&O +
  • Free Demat Account with Zero AMC
Signup Now.

Request call back from Paytm Money

Paytm Money Investment Options Compare

Here we are comparing Paytm Money with its 5 close competitors on investment options.

Broker Paytm Money 5paisa Zerodha Upstox Fyers
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading No Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes Yes
MF SIP Yes Yes Yes Yes Yes
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes No No No

Paytm Money Brokerage Plan, Fees and Charges

Rated 4.5 stars Brokerage and Commission Rated 4.5/5

Paytm Money Account Opening Charges

  »»  Trading Account Opening Charges: Free
  »»  Trading Account AMC: Rs 300 PA
  »»  Demat Account Opening Charges: Free
  »»  Demat Account AMC: Free

Paytm Money Brokerage

Paytm Money is popular for the lowest brokerage charges as the online stock broker offers a fixed brokerage model of Flat Rs. 10 per order brokerage on trading across segments.

Paytm Money Charges Dateils

Segment Brokerage
Equity intraday brokerage Rs. 10 per order or 0.05% whichever is lower
Equity Delivery brokerage FREE
Equity futures brokerage Rs. 10 per order
Equity Options brokerage Rs. 10 per order
Direct Mutual Fund Investment FREE
Other Charges
Platform charges Rs. 300 per annum
Call & Trade Charges Rs. 300 per executed order
Mutual Fund Redemption DP Charges Free
Net banking payment gateway charges Rs. 10 + GST
UPI payment gateway charges FREE
Auto square charges Rs. 20
IPO Application via UPI FREE
Client Data Modificaion Rs. 25 per request

For complete brokerage charges and trading plans detail please visit Paytm Money Brokerage Charges.

Paytm Money with closest competitors

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 10 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 Free Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower Free
Equity Intraday Rs. 10 or 0.05% 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 Rs. 10 or 0.02% whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Rs 20 per order
Commodity NA Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower
Currency Futures Rs. 10 or 0.02% whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Rs 20 per order
Rating
Rated 4 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Please refer unique and accurate Paytm Money Brokerage Calculator


Open Trading and Demat Account with Paytm Money

The online stockbroker offers an instant paperless account opening. An individual can open a Paytm Money 2-in-1 account (Trading + Demat) account through Paytm Money App or through the website.

How to open Paytm Money Demat Account Online?

  1. Download the Paytm Money app.
  2. Click on the “Open Demat Account” option.
  3. Add Pan Card details.
  4. Submit the address proof and bank details with any bank proof.
  5. E-sign the account opening form (AOF) using radar.
  6. Once all the details submitted, it will go under verification process by Paytm Money’s KYC team.
  7. Upon successful verification of KYC details, The Paytm Money Demat Account will marked as “Investment Ready (IR)”. The login credentials will sent to you.

Paytm Money Account

Free digital KYC
Free brokerage worth of Rs 300
Free platform subscription charges for 3 months
Free Delivery Trade
Rs 10 for F&O and Intraday
Open Instant Account

Alternatives to Paytm Money

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Paytm Money Trading Platform and Tools

Rated 3.5 stars Trading Platforms Rated 3.5/5

Paytm Money offers a simple, convenient, super-easy, and transparent trading platform. It offers online trading through Paytm Money Mobile App and trading website. However, it does not offer installable desktop trading terminal/software for trading.

Paytm Money App – Android and iOS Mobile Trading App

Paytm Money offers an in-house designed mobile trading app to trade on your fingertips. The mobile app is a one-stop shop to trade and invest in stocks, derivatives, direct mutual funds, digital gold, ETF, NPS, and IPO. Android users can download it from Play Store and iOS users can get it from the App store.

Paytm Money App Features

  • Instant digital account opening.
  • Smart and unique stock discovery tool.
  • Customizable watchlist with track up to 50 stocks in each watchlist.
  • Company fundamentals and check historical stock prices.
  • Free Fund transfer through UPI
  • One-tap switch from regular to direct mutual funds on the app.
  • Advanced charting with multiple chart settings.

Download Paytm Money App on Android

Download Paytm Money App on iPhone

Paytm Money Web – Web Trading Platform

Paytm Money trading website can be accessed through any supported browser i.e. Chrome on mobile, desktop, or laptop. Users can login to the web platform and start exploring various products i.e. stocks, digital gold, NPS retirement funds, equity derivative products, and direct mutual funds.

For detail review of mobile app and download please visit Paytm Money Trading Platform Review.

Paytm Money Trading Platform Compare

Here we are comparing Paytm Money with its 5 close competitors on Trading Platform.

Broker Paytm Money 5paisa Zerodha Upstox Fyers
Desktop Windows No Yes Yes Yes Yes
Desktop Mac Yes No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes Yes
iPad App Yes Yes Yes Yes Yes
Mobile Site Yes Yes Yes Yes No

Final thought about Paytm Money

Rated 4 stars Rated 4/5 by 20 users

With Paytm as a big brand name and widely used for payment transfer, Paytm Money does not require branding. Direct Mutual Fund investment and Zero brokerage delivery trading compete with Zerodha's offering. The company is offering mutual funds advisory which is a plus point for beginners. However, if you want to trade in the commodity and currency derivative segment, then you can’t choose Paytm Money Securities as it doesn’t offer MCX and currency trading for now.

Request call back from Paytm Money

Last updated on: 2021-11-23



Paytm Money FAQs

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;

  1. Log in to the Paytm Money App.
  2. Go to your “Profile” option.
  3. Now go to the “Bank Account” setting option.
  4. Here, all the bank account registered on the Paytm Money App will be displayed.
  5. Click the bank of your choice to set it as a “Default bank” and confirm it.
  6. Once details are verified, your primary bank account will be successfully changed. Now, all the fund transfer request (deposit and withdrawal) will be processed in a new bank account only.

 

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 zero brokerage delivery trading and charges just Rs. 10 per order flat brokerage on intraday 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. It further allows free equity delivery trading and free IPO investment, however, intraday trading with Paytm Money is charged at a Rs. 10 per order.

Yes, Paytm Money is free for investors. For Traders, the broker charge maximum Rs 10 as brokerage.

 

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:

  1. Install the Paytm Money app on Android or iPhone.
  2. Complete the digital KYC process and open Paytm account online.
  3. Select your favorite stock or mutual fund and start online trading.

 

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;

  1. Large Packs: Mutual Fund portfolio with a minimum investment amount of Rs. 5,000.
  2. Mini Packs: Mutual Fund portfolio with a minimum investment amount of Rs. 2,000.

 

Any Paytm Money Trading Account holder can add or transfer funds using two different modes, mentioned as follows:

  • Zero-cost UPI fund transfer process.
  • Net banking based fund transfer process.

 

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:

  1. Login to your trading account on Paytm Money App or web.
  2. Click on the “Funds” tab and then the “Add funds” option.
  3. Now, select UPI as a preferred fund transfer mode.
  4. Enter the amount and your UPI ID, mapped with the linked bank account.
  5. Now, accept the fund transfer request received on the UPI app, and funds will be added instantly.

 

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;

  1. Login to the Paytm Money Mobile App.
  2. Click on the “Portfolio” tab and slide towards the “position” bar.
  3. Click on your intraday position and tap on the “Convert” option.
  4. Enter the quantity (no. of shares) you want to convert.
  5. Once done, MIS position will be converted into a delivery (CNC) trade.

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

  1. Enter mobile no. or email and then OTP to successfully sign-up to the Paytm Money web or mobile app.
  2. Provide PAN card details.
  3. Add personal details i.e. name, address, and bank details.
  4. Next, upload a scanned copy of your photograph.
  5. Now, take a few second video of yours with a clear picture to complete the in-person verification process.
  6. Upload documents like PAN card, aadhar card, and bank proof to verify your personal details.
  7. E-sign the KYC form digitally.
  8. Once all the entered details are verified by the Paytm Money representatives, your trading account will be opened instantly.

 

Yes, Paytm Money is a safe for trading and for investment due to following reasons;

  • No proprietary trading and margin funding services.
  • Registered with market regulators SEBI, BSE, NSE and CDSL.
  • Safe and secure mobile trading app, “Paytm App”.
  • 2-Factor Authentication
  • Data Privacy & Protection Bank-level security protects
  • Fingerprint & Pin-protected App

 

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;

  • Zero brokerage investment in stocks.
  • Lowest intraday and F&O trading brokerage of just Rs. 10 per order.
  • Investment in Direct mutual funds for Free.
  • Safe and secure trading platform; Paytm Money App and Web.
  • Free Demat AMC account at zero AMC charges.
  • 100% paperless account opening process.
  • Transparent brokerage model with no hidden charges.

 

Yes, Paytm Money is absolutely free for investment in direct mutual funds, investment in stocks (delivery trading), and IPO. However, intraday and equity derivative trading is charged at flat Rs. 10 per order brokerage.

 

Paytm Money Securities is the best online stockbroker for mutual fund investment due to below reasons;

  • Fully digital mutual fund KYC for paperless MF investment.
  • Offers direct mutual funds of 40+ top AMCs.
  • Zero brokerage, commission, or subscription fee.
  • No DP charges on Mutual Fund Redemption.
  • MF investment through Paytm Money App and web.
  • Track all your mutual fund holdings at one place.
  • 1-Click switch external investment in regular plans into direct MFs at zero charges.
  • Get mutual fund advisory services to select the best scheme for investment.

 

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;

  1. Log in to your Paytm Money Account.
  2. Go to the “Statements” tab and click on the “Ledger Statement”.
  3. The ledger statement will be downloaded and now you can check all debitable and creditable amounts.

 

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.

 

Yes, Paytm Money provides a direct mutual fund investment facility. Investment in Mutual funds is 100% commission-free. As you are applying in a direct mutual fund, you can earn upto 1% extra return.

 

Compare Paytm Money

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Paytm Money User Reviews

avatar
2. Ajay parmar Nov 20 2021 04:55:57 AM Reply
Average Service.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
1. Sudeep sagar Oct 16 2021 11:01:53 AM Reply
Hii.....I want to know the special offer on opening paytm money account, it is showing as free demat AMC but when I create the account and about to invest again it is showing as 353/- will be chargeable as platform.maintenance, I''''m not getting this one, please provide me details regarding it in detail.
Thankyou