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 & web platform.
Paytm Money is an online stock and mutual fund stockbroker by One 97 Communications Ltd. The broker traced its root as an absolutely free direct mutual fund investment platform at zero brokerage or commission. Later, the broker introduced stocks and derivative trading at a flat brokerage fee. Open a Paytm Money Demat & Trading Account in a fully digital manner and start online trading at the lowest flat brokerage fee.
The broker charges brokerage fee of Rs. 20/order on equity intraday, delivery, and equity derivatives trading. Customers with Paytm Money can also invest in IPOs, digital gold, and NPS retirement schemes.
Paytm Money facilitates customers to trade via its mobile app and web trading platform. It has a super-intuitive, easy-to-use, and fast app and web-based trading & investing platform to meet both investors' and traders' requirements.
It is a SEBI-registered investment advisor that offers mutual fund advisory services via mutual fund investment packs. However, it does not provide intraday trading tips and recommendations.
The discount broker offers online customer care via email and chat (ticket). Check out an honest and genuine Paytm Money Review 2023 including brokerage charges, account opening process, trading platforms, customer care, and Pros & Cons.
Current promotion offer from Paytm Money for InvestorGain Visitors:
Are you worried about the brokerage charges? Paytm Money is for you, it is India’s top broker offering the lowest brokerage trading & Demat account to customers.
It follows Rs. 20 flat discount brokerage pricing model that charges you a maximum brokerage fee of Rs. 20 per executed order at no limit on trade value. Despite being relatively a new-age broker, its brokerage charges are highly competitive and in line with top discount brokerage houses like Zerodha, Upstox, 5paisa, etc. Further, enjoy zero brokerage investment in the top direct mutual fund scheme.
However, if you have opened an account with Paytm Money before 26 August 23, then equity intraday, delivery, and F&O trading will be charged at the cheapest brokerage of Rs. 15 per order
|Trading Account Opening Charges:||Rs 200|
|Trading Account AMC:||Rs 30 per month (Platform fees)|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Free|
Here we are comparing Paytm Money with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Discount Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 20||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||2.5% or Rs 20 whichever is lower||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower||Free|
|Equity Intraday||0.05% or Rs 20 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||0.02% or Rs 20 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 Options||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||NA||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||NA||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|
|Currency Options||NA||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
For complete brokerage charges and trading plans detail please visit Paytm Money Brokerage Charges.
Please refer unique and accurate Paytm Money Brokerage Calculator
Open a Paytm Money 2-in-1 account (Trading + Demat) account and start trading at the cheapest brokerage. Paytm Money broking house provides access to direct mutual funds, NPS, stocks, and equity derivatives trading to Indians.
Open an account with Paytm Money in a fully digital manner at zero paperwork involved. The broker provides instant 100% paperless KYC based account opening process wherein customers can download the Paytm Money app, register KYC, and complete the set up.
Step to open Paytm Money Demat Account Online;
Note: Once the KYC process is done and details are verified by the KYC team, your Demat & Trading account will be activated, and you can start trading and investing in stocks and derivatives.
Customers can trade seamlessly via web and mobile app. Paytm Money app and trading website are simple, user-friendly, and transparent to cater to both investors' and traders' requirements. However, it does not provide installable desktop trading software to users.
Let’s go through a brief review of the Paytm Money App and Web trading platforms.
For detail review of mobile app and download please visit Paytm Money Trading Platform Review.
The discount broking firm only provides online customer support via email and raising a ticket online. However, offline branch-based support is not available. It does not even have a customer care number to solve customer queries.
Open the lowest brokerage Demat & Trading Account with Paytm Money and start investing in and direct mutual funds for Free, and equity intraday, delivery, and F&O trade at just Rs. 20 per order. Moreover, mutual fund advisory and an abundance of educational material on Paytm Money Wealth Academy prove it an excellent broker for beginners.
Last updated on: 2023-09-08
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;
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 trading at just Rs. 20 per order flat brokerage on intraday, delivery, 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. However, the broker does not allow free investment in stocks as delivery, intraday, and equity F&O trading is charged at Rs 20/per order brokerage fee.
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:
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;
Any Paytm Money Trading Account holder can add or transfer funds using two different modes, mentioned as follows:
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:
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;
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
Yes, Paytm Money is a safe for trading and for investment due to following reasons;
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;
Paytm Money Securities is the best online stockbroker for mutual fund investment due to below reasons;
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;
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.
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