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HDFC Sky Vs Paytm Money: Which one is better?

Both the brokers are registered with SEBI. HDFC Sky offers investmenet in Equity, F&O, Currency and Commodities, where Paytm Money offers investment in Equity, F&O and Currency only. The brokerage of HDFC Sky Max Rs 20 per trade while the brokerage of Paytm Money Max Rs 20 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for HDFC Sky is 10,62,264 where number of active customer for Paytm Money is 8,01,809. HDFC Sky is serving more customer compare to Paytm Money.

Here we present side-by-side comparison of HDFC Sky vs Paytm Money share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared HDFC Sky vs Paytm Money'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 HDFC Sky vs Paytm Money share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared HDFC Sky vs Paytm Money'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 HDFC Sky vs Paytm Money on Service

  HDFC Sky Compare
HDFC Sky
Paytm Money Compare
Paytm Money
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 10,62,264 8,01,809
Broker Overview HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky 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 & ...Know more about Paytm Money
Broker Enquiry Request call back from Zerodha Request call back from Paytm Money
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Account Opening Charges and AMC

Compare HDFC Sky vs Paytm Money on Trading & Demat Account Opening Charges

Comparison of HDFC Sky with Paytm Money 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 HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with Paytm Money
Charges HDFC Sky Paytm Money
Trading Account Opening Fees Free Free
Trading AMC Free Rs 30 per month (Platform fees)
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs Paytm Money on Plan Options

Plans are the most important feature you look when compare HDFC Sky with Paytm Money. 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 HDFC Sky with Paytm Money on Plan Options
Plan Types HDFC Sky Paytm Money
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 HDFC Sky vs Paytm Money on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas mutual fund investment with Paytm Money is absolutely free of cost. The brokerage house offers online trading at a maximum Rs 20 per order brokerage fee, while if you already have an active demat and trading account with Paytm Money before 26 August, you will still enjoy trading across segments at a maximum brokerage of Rs 15 per executed order.

Brokerage Charges - Compare HDFC Sky with Paytm Money
Brokerage Charges Compare HDFC Sky Paytm Money
Plan Name Fixed pricing model Flat Brokerage Plan
Equity Delivery 0.1% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday 0.1% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.1% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.1% or Rs 20 whichever is lower NA
Currency Options Flat Fee Rs 20 NA
Commodity Trading Flat Fee Rs 20 NA
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding Yes - 12% interest PA Info Not Available
Call & Trade Charges Rs 20 per call Rs 100/order +GST
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 50/order + GST
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Paytm Money
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Share Broker's Transaction Charges

Compare HDFC Sky vs Paytm Money on Transaction Charges

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

Transaction Charges - Compare HDFC Sky with Paytm Money
Transaction Charges Compare HDFC Sky Paytm Money
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for paytm-money
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Account Features

Compare HDFC Sky vs Paytm Money on Account Features

Compare HDFC Sky with Paytm Money on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky 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 - HDFC Sky offers a margin funding where Paytm Money doesn't offers margin funding. NRI Trading - HDFC Sky offers NRI where Paytm Money doesn't offers NRI Trading.

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

Compare HDFC Sky vs Paytm Money on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky and Paytm Money. 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 HDFC Sky with Paytm Money
Trading Platform Compare HDFC Sky Paytm Money
Desktop Trading Platform HDFC Sky Paytm Money
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) No No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/ Paytm Money Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App Paytm Money App
Mobile Trading App Demo HDFC Sky App Demo Paytm Money App Demo
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod Paytm Money App Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC Sky App Download iOS Paytm Money App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Rs. 30 per month
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for Paytm Money
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Paytm Money
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Paytm Money
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for paytm-money

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Broker Ratings by Users

Compare HDFC Sky vs Paytm Money on User Rating

  HDFC Sky Paytm Money
  97 Customer Reviews    Rate HDFC Sky 5 Customer Reviews    Rate Paytm Money
Fees Ratings 2.4 3.2
Trading Brokerage Rating 2.1 3.8
Trading Platform Usability 2.9 3.0
Customer Service Ratings 2.8 3.0
Overall Ratings 2.4 3.4
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Paytm Money is Rated 3.4 / 5 based on 5 customer reviews
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Investment Offerings

Compare HDFC Sky vs Paytm Money on Investment Offerings

Compare HDFC Sky with Paytm Money 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 - HDFC Sky 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) - both the brokers don't have PMS Service.

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

Compare HDFC Sky vs Paytm Money on Order Types

Order Type - Compare HDFC Sky with Paytm Money 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 HDFC Sky doesn't offers AMO. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

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

Compare HDFC Sky vs Paytm Money on Customer Service

Compare HDFC Sky with Paytm Money 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 HDFC Sky with Paytm Money
Customer Service Compare HDFC Sky Paytm Money
24/7 Customer Service HDFC Sky vs Paytm Money - 24x7 customer support No No
Email Support HDFC Sky vs Paytm Money - Email Support Yes Yes
Onine Live Chat HDFC Sky vs Paytm Money - Onine Live Chat No No
Phone Support HDFC Sky vs Paytm Money - Phone Support Yes No
Toll Free Number HDFC Sky vs Paytm Money - Toll Free Number No No
Through Branches HDFC Sky vs Paytm Money - Through Branches Yes No
Customer Care Number HDFC Sky vs Paytm Money - Customer Care Number 1800 121 2109 Info Not Available
Account Opening Process HDFC Sky vs Paytm Money - Account Opening Process Online Online/Paperless
Customer Support Email HDFC Sky vs Paytm Money - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs Paytm Money - Knowledge Center/Education https://hdfcsky.com/learn https://www.paytmmoney.com/care
Head Office Address HDFC Sky vs Paytm Money - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Website HDFC Sky vs Paytm Money - Company Website https://hdfcsky.com/ https://www.paytmmoney.com/
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Tips/Research/Reports Published

Compare HDFC Sky vs Paytm Money on Research Reports, Tips

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

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

Compare HDFC Sky vs Paytm Money on Demat Account

Compare HDFC Sky with Paytm Money 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 Paytm Money is Zero where for HDFC Sky is ₹750 pa.

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 HDFC Sky is 0.04% (Min ₹20) + CDSL charges where for Paytm Money is ₹10 per ISIN.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 HDFC Sky with Paytm Money
  HDFC Sky Paytm Money
DP Source CDSL CDSL
DP ID HDFC Sky vs Paytm Money - DP ID CDSL: 1209 12088800
Demat Account Annual Maintenance Charges(AMC) ₹750 pa Zero
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹10 per ISIN
Demat ₹5 per certificate + ₹35 request charges ₹250 per 100 shares
Remat ₹30 ₹250 per 100 shares
Pledge Creation Nil ₹32 per ISIN
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Closure Nil ₹32 per ISIN
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Invocation 0.04% of transaction value (Min ₹40) ₹32 per ISIN
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Paytm Money on Special Offers and Promotion

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

Compare HDFC Sky vs Paytm Money on Special Offers and Promotion
  HDFC Sky Paytm Money
Pay In and Pay Out Options HDFC Sky vs Paytm Money - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time HDFC Sky vs Paytm Money - Payout Time Instant to HDFC Bank. Max 24 hrs except bank holidays
Bank Supported and Charges HDFC Sky vs Paytm Money - Bank Supported and Charges Info Not Available Paytm Money allows 190+ Banks.
Bank Detail Direct from your HDFC bank account. Info Not Available
Likes

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

Detail Review...

  • 100% paperless KYC process
  • No annual maintenance charges on Demat Account
  • Free account opening at no cost
  • Brokerage-free investment in direct mutual funds
  • Transparent pricing model of Rs 20 brokerage
  • One-tap investment in IPO
  • User-friendly platforms with ease of investment
  • Swift and secure UPI payment
  • Bracket order, cover order, GTT order, and OCO order

Detail Review...

Dislikes
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

Detail Review...

  • No commodity and currency trading
  • Does not offer NRI trading
  • Its platform are not free of cost.
  • No 3-in-1 account opening facility.
  • Does not offer Rs 0 brokerage unlimited monthly trading plans.
  • Delivery trading is not free
  • No trading terminal offered
  • No branch or customer support
  • High call & trade charge

Detail Review...

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

Last Updated on 2023-11-09T03:39:28+00:00