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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
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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?
  1. Download the App: The first step is to download the Paytm Money app from the App Store or Google Play.

  2. 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.

  3. 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.

  4. 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
Paytm Money

Paytm Money is a SEBI registered broker and Investment advisor. Paytm Money is an emerging stock brokerage firm that has been operating for more than half a decade. It acts as a discount broker and offers its products and services nationwide. Paytm Money is a wholly owned subsidiary of One97 Communications Ltd. Paytm Money is a safe and secured app with bank-level security that protects the data from unauthorized access. The company also offers login with 2-Factor authentication with the additional security of fingerprint and pin-based locks.

Abhijeet Saxena

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

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