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Religare Broking Vs Paytm Money: Which one is better?

Both the brokers are registered with SEBI. Religare Broking offers investmenet in Equity, F&O, Currency and Commodities, where Paytm Money offers investment in Equity, F&O and Currency only. The brokerage of Religare Broking Max 0.05 to 0.50% per trade while the brokerage of Paytm Money ranges between Rs 20. Religare Broking is a Full Service Broker where Paytm Money is a Discount Broker. Religare Broking is having overall lower rating compare to Paytm Money. Religare Broking 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 Religare Broking is 1,40,818. Paytm Money is serving more customer compare to Religare Broking.

Here we present side-by-side comparison of Religare Broking 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 Religare Broking 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 Religare Broking 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 Religare Broking 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 Religare Broking vs Paytm Money on Service

  Religare Broking Compare
Religare Broking
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, MCX NSE, BSE
Active Clients 1,40,818 8,01,809
Broker Overview Open free Religare Demat & Trading Account, and trade via user-friendly platforms; Dynami App and Religare Online website. Also invest in the SmartInvest portfolio management services, US stocks, and get experts trading tips, investment ideas, an... Know more about Religare Broking 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 Religare Broking vs Paytm Money on Trading & Demat Account Opening Charges

Comparison of Religare Broking with Paytm Money on trading & demat account opening charges and AMC. Trading account opening charges - Paytm Money offer Free account opening where Religare Broking charges Rs 500 for account opening. Demat AMC charges - Paytm Money offer Free AMC for Demat account where Religare Broking charges Rs 400 PA [Free for first year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Religare Broking with Paytm Money
Charges Religare Broking Paytm Money
Trading Account Opening Fees Rs 500 Free
Trading AMC Free Rs 30 per month (Platform fees)
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA [Free for first year] Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Religare Broking vs Paytm Money on Plan Options

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

Religare Broking Brokerage Plan detail - Religare One is a standard brokerage plan that charges a fixed percentage of brokerage from clients. The plan also provides a 3-month free subscription to the fair deal plan that charges Rs. 0 brokerages on non-profitable trades and options trading at just Rs. 5 per lot.

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 Religare Broking with Paytm Money
Brokerage Charges Compare Religare Broking Paytm Money
Plan Name Religare One Brokerage Plan (Percentage Based) Flat Brokerage Plan
Equity Delivery 0.50% to 0.10% 2.5% or Rs 20 whichever is lower
Equity Intraday 0.05% to 0.01% 0.05% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa 0.02% or Rs 20 whichever is lower
Equity Options Rs 70 Per Lot Flat Fee Rs 20
Currency Futures 0.05% or 5 paisa NA
Currency Options Rs 30 Per Lot NA
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot NA
Minimum Brokerage 1p per share NIL
Hidden Charges Yes No
Funding Yes - 21% interest PA Info Not Available
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day Rs 100/order +GST
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day Rs 50/order + GST
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for Paytm Money
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Share Broker's Transaction Charges

Compare Religare Broking vs Paytm Money on Transaction Charges

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

Transaction Charges - Compare Religare Broking with Paytm Money
Transaction Charges Compare Religare Broking 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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for religare-broking Complete Brokerage Plans for paytm-money
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Account Features

Compare Religare Broking vs Paytm Money on Account Features

Compare Religare Broking with Paytm Money 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 - both doesn't offers Algo trading. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - Religare Broking offers NRI where Paytm Money doesn't offers NRI Trading.

Account Features - Religare Broking with Paytm Money
Account Features Compare Religare Broking Paytm Money
3 in 1 Account No Religare Broking have 2-in-1 account. Only Demate and Trading account. No Religare Broking 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 No 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 Religare Broking vs Paytm Money on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking 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 Religare Broking with Paytm Money
Trading Platform Compare Religare Broking Paytm Money
Desktop Trading Platform OdinDiet and Power FnO Paytm Money
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://secure.religareonline.com/Login.aspx Paytm Money Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami Paytm Money App
Mobile Trading App Demo Religare Dynami Demo Paytm Money App Demo
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod Paytm Money App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Religare Dynami 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 Religare Broking Equity Intraday and Delivery Brokerage Calculator for Paytm Money
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for Paytm Money
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for Paytm Money
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for paytm-money

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Broker Ratings by Users

Compare Religare Broking vs Paytm Money on User Rating

  Religare Broking Paytm Money
  56 Customer Reviews    Rate Religare Broking 5 Customer Reviews    Rate Paytm Money
Fees Ratings 3.2 3.2
Trading Brokerage Rating 3.2 3.8
Trading Platform Usability 3.0 3.0
Customer Service Ratings 2.9 3.0
Overall Ratings 2.9 3.4
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews Paytm Money is Rated 3.4 / 5 based on 5 customer reviews
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Investment Offerings

Compare Religare Broking vs Paytm Money on Investment Offerings

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

Compare Religare Broking vs Paytm Money on Order Types

Order Type - Compare Religare Broking 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) - Paytm Money provides Bracket Orders (BO) where Religare Broking doesn't offer.With the name its cleare 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 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 Religare Broking with Paytm Money
Order Type Compare Religare Broking Paytm Money
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Religare Broking vs Paytm Money on Customer Service

Compare Religare Broking 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 Religare Broking with Paytm Money
Customer Service Compare Religare Broking Paytm Money
24/7 Customer Service Religare Broking vs Paytm Money - 24x7 customer support No No
Email Support Religare Broking vs Paytm Money - Email Support Yes Yes
Onine Live Chat Religare Broking vs Paytm Money - Onine Live Chat No No
Phone Support Religare Broking vs Paytm Money - Phone Support Yes No
Toll Free Number Religare Broking vs Paytm Money - Toll Free Number No No
Through Branches Religare Broking vs Paytm Money - Through Branches Yes No
Customer Care Number Religare Broking vs Paytm Money - Customer Care Number 1860-25-88888 Info Not Available
Account Opening Process Religare Broking vs Paytm Money - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Religare Broking vs Paytm Money - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Religare Broking vs Paytm Money - Knowledge Center/Education Not available https://www.paytmmoney.com/care
Head Office Address Religare Broking vs Paytm Money - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Website Religare Broking vs Paytm Money - Company Website http://www.religareonline.com https://www.paytmmoney.com/
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Tips/Research/Reports Published

Compare Religare Broking vs Paytm Money on Research Reports, Tips

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

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

Compare Religare Broking vs Paytm Money on Demat Account

Compare Religare Broking 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 Religare Broking is ₹400 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 Religare Broking is ₹12 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 Religare Broking with Paytm Money
  Religare Broking Paytm Money
DP Source CDSL CDSL
DP ID Religare Broking vs Paytm Money - DP ID 30200 12088800
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Zero
Advance Deposit Rs. 500/- Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12 ₹10 per ISIN
Demat ₹5 per certificate + ₹30 courier charges ₹250 per 100 shares
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹250 per 100 shares
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher ₹32 per ISIN
Pledge Creation Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Closure 0.02% of transaction value or ₹50 whichever is higher ₹32 per ISIN
Pledge Closure Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Invocation 0.02% of transaction value or ₹50 whichever is higher ₹32 per ISIN
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Religare Broking vs Paytm Money on Special Offers and Promotion

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

Compare Religare Broking vs Paytm Money on Special Offers and Promotion
  Religare Broking Paytm Money
Pay In and Pay Out Options Religare Broking vs Paytm Money - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Religare Mobile, Rligare Desktop and Web application.
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 Religare Broking vs Paytm Money - Payout Time Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Religare Broking vs Paytm Money - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. Paytm Money allows 190+ Banks.
Bank Detail RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Info Not Available
Likes
  • Invest in a bouquet of products.
  • Multiple brokerage plans.
  • Zero account opening charges.
  • Zero AMC for the first year.
  • State-of-the-art platforms with charting and other features.
  • Best-in-class research services from experts.
  • Dynami Wrap app, a free mutual fund investment
  • Fair Deal plan: Zero brokerage on loss-making trades for 3 months.
  • Dedicated relationship manager.
  • Margin trading.

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
  • Minimum brokerage charges is levied.
  • Non-transparent brokerage structure.
  • Religare does not have a flat discount brokerage plan.
  • ODIN Diet is a paid platform.

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 - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin.
Enquiry Open Zerodha Account Now>> Open Paytm Money Account Now>>

Last Updated on 2023-09-13T03:22:46+00:00