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IDBI Direct Vs Paytm Money: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of Paytm Money ranges between Rs 20. IDBI Direct is a Full Service Broker where Paytm Money is a Discount Broker. IDBI Direct is having overall lower rating compare to Paytm Money. IDBI Direct is rated only 3.5 out of 5 where Paytm Money is rated 4 out of 5. Number of active customer for Paytm Money is 8,01,809 where number of active customer for IDBI Direct is 54,478. Paytm Money is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct vs Paytm Money on Service

  IDBI Direct Compare
IDBI Direct
Paytm Money Compare
Paytm Money
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE
Active Clients 54,478 8,01,809
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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 IDBI Direct vs Paytm Money on Trading & Demat Account Opening Charges

Comparison of IDBI Direct 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 IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Paytm Money
Charges IDBI Direct 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 350 PA [Free for 1st year] Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Paytm Money on Plan Options

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

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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 IDBI Direct with Paytm Money
Brokerage Charges Compare IDBI Direct Paytm Money
Plan Name Flat Brokerage PLan Flat Brokerage Plan
Equity Delivery 0.20% 2.5% or Rs 20 whichever is lower
Equity Intraday 0.02% 0.05% or Rs 20 whichever is lower
Equity Futures Flat Rs 15 per order 0.02% or Rs 20 whichever is lower
Equity Options Flat Rs 15 per order Flat Fee Rs 20
Currency Futures Flat Rs 15 per order NA
Currency Options Flat Rs 15 per order NA
Commodity Trading NA NA
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available No
Funding Info Not Available Info Not Available
Call & Trade Charges Free Rs 100/order +GST
Auto Square off Charges NA Rs 50/order + GST
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Paytm Money
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Share Broker's Transaction Charges

Compare IDBI Direct vs Paytm Money on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with Paytm Money
Transaction Charges Compare IDBI Direct 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 idbicapital Complete Brokerage Plans for paytm-money
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Account Features

Compare IDBI Direct vs Paytm Money on Account Features

Compare IDBI Direct with Paytm Money 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 - IDBI Direct with Paytm Money
Account Features Compare IDBI Direct Paytm Money
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct 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 No 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 IDBI Direct vs Paytm Money on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct 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 IDBI Direct with Paytm Money
Trading Platform Compare IDBI Direct Paytm Money
Desktop Trading Platform Infinity Paytm Money
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ Paytm Money Web
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App Paytm Money App
Mobile Trading App Demo Info Not Available Paytm Money App Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod Paytm Money App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile 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 IDBI Direct Equity Intraday and Delivery Brokerage Calculator for Paytm Money
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Paytm Money
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Paytm Money
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for paytm-money

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Broker Ratings by Users

Compare IDBI Direct vs Paytm Money on User Rating

  IDBI Direct Paytm Money
  31 Customer Reviews    Rate IDBI Direct 5 Customer Reviews    Rate Paytm Money
Fees Ratings 3.0 3.2
Trading Brokerage Rating 2.5 3.8
Trading Platform Usability 2.6 3.0
Customer Service Ratings 2.7 3.0
Overall Ratings 2.7 3.4
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Paytm Money is Rated 3.4 / 5 based on 5 customer reviews
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Investment Offerings

Compare IDBI Direct vs Paytm Money on Investment Offerings

Compare IDBI Direct 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 - 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 IDBI Direct with Paytm Money
Investment Offerings Compare IDBI Direct Paytm Money
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity No No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes 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 IDBI Direct vs Paytm Money on Order Types

Order Type - Compare IDBI Direct 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)- both offers AMO facilities. The orders are sent to exchange on the next trading day. 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 IDBI Direct with Paytm Money
Order Type Compare IDBI Direct 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 Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare IDBI Direct vs Paytm Money on Customer Service

Compare IDBI Direct 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 IDBI Direct with Paytm Money
Customer Service Compare IDBI Direct Paytm Money
24/7 Customer Service IDBI Direct vs Paytm Money - 24x7 customer support No No
Email Support IDBI Direct vs Paytm Money - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Paytm Money - Onine Live Chat No No
Phone Support IDBI Direct vs Paytm Money - Phone Support Yes No
Toll Free Number IDBI Direct vs Paytm Money - Toll Free Number Yes No
Through Branches IDBI Direct vs Paytm Money - Through Branches Yes No
Customer Care Number IDBI Direct vs Paytm Money - Customer Care Number 022-3913 5001 Info Not Available
Account Opening Process IDBI Direct vs Paytm Money - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs Paytm Money - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Paytm Money - Knowledge Center/Education Info Not Available https://www.paytmmoney.com/care
Head Office Address IDBI Direct vs Paytm Money - Head Office Address/Corporate Address Info Not Available Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Website IDBI Direct vs Paytm Money - Company Website https://www.idbidirect.in/ https://www.paytmmoney.com/
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Tips/Research/Reports Published

Compare IDBI Direct vs Paytm Money on Research Reports, Tips

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

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

Compare IDBI Direct vs Paytm Money on Demat Account

Compare IDBI Direct 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 IDBI Direct is ₹350 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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + 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 IDBI Direct with Paytm Money
  IDBI Direct Paytm Money
DP Source CDSL CDSL
DP ID IDBI Direct vs Paytm Money - DP ID No 12088800
Demat Account Annual Maintenance Charges(AMC) ₹350 pa Zero
Advance Deposit NO Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹10 per ISIN
Demat ₹5 per certificate + ₹30 courier charges ₹250 per 100 shares
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹250 per 100 shares
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹32 per ISIN
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹32 per ISIN
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹32 per ISIN
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Paytm Money on Special Offers and Promotion

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

Compare IDBI Direct vs Paytm Money on Special Offers and Promotion
  IDBI Direct Paytm Money
Pay In and Pay Out Options IDBI Direct vs Paytm Money - Pay In and Pay Out Options Info Not Available Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time IDBI Direct vs Paytm Money - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges IDBI Direct vs Paytm Money - Bank Supported and Charges Info Not Available Paytm Money allows 190+ Banks.
Bank Detail Info Not Available Info Not Available
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

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
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

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 2023-08-21T03:25:00+00:00