Product Details
Brokerage and Fees
Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): INR 20 or 2.5% of the turnover - whichever is lower.
Brokerage Charge For Intraday Trading: INR 20 or 0.05% of the turnover - whichever is lower. Additional INR 50 + GST for auto square off.
Annual Maintenance Charge: INR 0.
Payment Gateway Charges Netbanking: INR 10 + Gst, for each time you add funds to your account.
Payment Gateway Charges UPI: INR 0
Overdue Interest Charges: 1.5% on the delayed amount.
Monthly Platform Fee: INR 30 per month
Digital KYC Charges: INR 0
Physical Settlement Charges: 0.5% of the contract value. Physical settlement means that you will get the share certificate/ securities certificate delivered at your home through courier.
Call & Trade Order: INR 100
Account Opening Fees
INR 0
Eligibility
Any Indian resident can apply.
You need to have a bank account.
You need to have KYC document like Aadhar and PAN.
Annual Fees
INR 30 per month
Paytm Money Review
Special Features
Clean and user-friendly intuitive interface.
Features
Cons
No deep research and advisory tools are offered by Paytm Money.
Brokerage is higher than zero brokerage apps.
Limited insight are offered by Paytm Money in relation to general market movements in comparison to older players.
Pros
User-friendly interface to quickly analyze the information needed.
Convenient opening and operating a trading account online.
Flat fee structure for intraday trading will help those investor who trade frequently.
Pros and Cons
How to Apply?
Download the App: The first step is to download the Paytm Money app from the App Store or Google Play.
Sign In/Up: If you already have a Paytm account, you can use those credentials to sign in. Otherwise, you'll need to create a new account.
KYC Verification: KYC (Know Your Customer) verification is mandatory to comply with Indian regulations. Paytm Money might attempt to pre-fill some details using Digilocker if you have it linked to your Aadhaar. You'll likely need to provide your PAN (Permanent Account Number), Aadhaar Card details, and bank statement/cancelled cheque for address proof.
E-Sign and Verification: Once you submit your details, there might be an electronic signature step using Aadhaar-based OTP. Finally, your KYC details will be verified by Paytm Money. This process can take 1-2 business days.
Documents Required
You need to have a bank account.
You need to have KYC document like Aadhar and PAN.
Account Opening and Procedures
Documents Required
You need to have a bank account.
You need to have KYC document like Aadhar and PAN.
How to Apply?
Download the App: The first step is to download the Paytm Money app from the App Store or Google Play.
Sign In/Up: If you already have a Paytm account, you can use those credentials to sign in. Otherwise, you'll need to create a new account.
KYC Verification: KYC (Know Your Customer) verification is mandatory to comply with Indian regulations. Paytm Money might attempt to pre-fill some details using Digilocker if you have it linked to your Aadhaar. You'll likely need to provide your PAN (Permanent Account Number), Aadhaar Card details, and bank statement/cancelled cheque for address proof.
E-Sign and Verification: Once you submit your details, there might be an electronic signature step using Aadhaar-based OTP. Finally, your KYC details will be verified by Paytm Money. This process can take 1-2 business days.
Account Opening and Procedures
Paytm Money
The brokerage charged for normal trading (equity deliver) is too high. No feature/service of PaytmMoney justifies this high brokerage.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Recommedation For Stock Market Investment
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