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Paytm Money is a subsidiary of One97 Communications Limited (also known as Paytm). Paytm Money is a Bangalore-based stock brokerage firm. It provides stock broking and mutual fund services.
It was incorporated in 2017, started its stock broking operations in 2020 and became one of India’s Top 10 Stock Brokerage firms. Currently, Paytm Money has around 365,000 active customers.
Paytm Money is a member of NSE, BSE, and CDSL and provides trading and investment services in Equity and F&O. It also offers investment services in Digital Gold, Mutual Funds, and NPS.
Paytm Money offers the lowest brokerage charges in India. The brokerage charges for equity intraday and F&O are as low as Rs 10 per trade. Paytm Money does not charge brokerage for equity delivery and mutual funds investment.
Paytm Money provides exposure up to 5x in the equity segment for intraday trading. They do not offer exposure for equity delivery.
Paytm Money brokerage charges are fixed, simple and transparent. It charges a maximum brokerage of Rs.10 for equity intraday and f&o trading. Paytm Money charges brokerage of 0.01 paise per executed trade for equity delivery segment.
Segment | Paytm Money Brokerage Charges |
Equity Intraday | 0.05% or Rs 10 per executed order whichever is lower |
Equity Delivery | 0.01 paise per executed order whichever is lower |
Equity Futures | 0.02% or Rs 10 per executed order whichever is lower |
Equity Options | Rs 10 per executed order |
Currency Futures | N/A |
Currency Options | N/A |
Commodity Futures | N/A |
Commodity Options | N/A |
Paytm Money Charges | Equity Intraday | Equity Delivery | Equity Futures | Equity Option | Currency Futures | Currency Options | MCX Futures | MCX Options |
STT/CTT | 0.025% on the sell side | 0.1% both buy & sell | 0.01% on sell side | 0.05% on sell side (on premium) | No STT | No STT | N/A | N/A |
Turnover Charges | 0.00345% NSE | 0.00345% NSE | 0.002% NSE | 0.053% On Premium | N/A | N/A | N/A | N/A |
Clearing Charge | N/A | N/A | 0.00025% | 0.0075% | N/A% | N/A | N/A | N/A |
GST | 18% | 18% | 18% | 18% | N/A | N/A | N/A | N/A |
Stamp Duty | 0.003% | 0.015% | 0.002% | 0.003% | N/A | N/A | N/A | N/A |
Sebi Fee | 0.00005% | 0.00005% | 0.00005% | 0.00005% | N/A | N/A | N/A | N/A |
Below are the other (additional) charges applicable in Paytm Money.
Paytm Money gives exposure up to 5x in the equity intraday segment. It does not offer exposure for the overnight positions and equity delivery segment.
Segment | Intraday | Overnight Positions | ||
MIS | C/O | B/O | ||
NSE Cash | Upto 5x | Upto 5x | Upto 5x | 1x |
BSE Cash | Upto 5x | Upto 5x | Upto 5x | 1x |
Equity/Index Futures | 1x | 1x | 1x | 1x |
Equity/Index Options Buying | 1x | 1x | 1x | 1x |
Equity/Index Options Writing (Selling) | 1x | 1x | 1x | 1x |
Currency Futures | N/A | N/A | N/A | N/A |
Currency Options Buying | N/A | N/A | N/A | N/A |
Currency Options Writing | N/A | N/A | N/A | N/A |
MCX Futures | N/A | N/A | N/A | N/A |
MCX Options | N/A | N/A | N/A | N/A |
Opening an account in Paytm Money is very easy and fast. The account opening process is completely online (paperless). You can open your Paytm Money account in just 30 minutes.
Type of account | Trading And Demat (Without Commodity) | Trading And Demat (With Commodity) |
Online account | Rs 200 | N/A |
Offline account | N/A | N/A |
AMC Charges | Free | N/A |
Note: Annual maintenance charges are are free for a lifetime in Paytm Money. But they charge Rs 30 + GST per month as a platform fee. The platform fee is free for the first month and is charged from the second month.
Your Aadhaar Card must have linked mobile number to open Paytm Money account.
After completing the account opening process in Paytm money, your account will be open with in 30 minutes.
Paytm Money app and Paytm Money web are Paytm Money’s trading platforms. They do not have software to install on desktop computers.
Paytm Money customers can trade and invest in equity, f&o, IPO, mutual funds, digital gold, and ETF through Paytm Money Mobile App and Paytm Money Web. At present, these platforms do not feature currency and commodity segments.
There are Rs 30+gst charges per month for using Paytm Money trading platforms.
Paytm Money mobile app is available in both Android and iOS versions. You can open a Paytm Money demat account by installing an app on mobile.
Below are the pros (advantages) and cons (disadvantages) of Paytm Money. After reading these pros and cons, you can make your decision on opening a Paytm Money account.
If you have been trading for many years or are a beginner in the stock market, then Paytm Money demat account would be a good option.
Like many others, we also believe that Paytm Money will make its position in the top 10 stock brokers in India in the coming days.
That’s all for the Paytm Money review.
If you have any doubts about Paytm Money or its Services, Please raise your Queries in the comment box. We will be happy to answer your queries.