Paytm Moeny Account
Open Paytm Money account online and enjoy Free Delivery Trades for Life, Flat ₹10/trade for F&O, and Intra-day. Avail special offer with us and Get Rs 300 worth of brokerage free.
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Best broker for free direct mutual fund investment, Zero brokerage delivery trading, and Rs. 10 flat brokerages on equity intraday and F&O trading through Paytm Money App and Web.
Paytm Money, an online stockbroking of One 97 Communications Ltd. The company offers the best brokerage plan - Free equity delivery for a lifetime and the lowest brokerage equity intraday and F&O trading at just Rs. 10 per order. The Company also offers FREE Direct Mutual Fund Investment. Paytm Money is a depository participant with CDSL. It is also a SEBI registered investment advisor for mutual fund advisory.
The broker offers a 100% paperless account opening process to open Demat and Trading Account. The client can open an instant Paytm Money Account and start online trading through Paytm Money Mobile App and Web platform. The mobile app comes with strong bank-level data security, super intuitive. The mobile trading app is available for both android and IOS versions. It neither charges any brokerage fee on MF investment nor charges DP fee on mutual fund redemption.
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 10||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||Free||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower||Free|
|Equity Intraday||0.05% or Rs 10 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 10 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 10||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Rs 20 per order|
|Commodity||NA||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower|
|Currency 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|
|Currency Options||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Rs 20 per order|
For complete brokerage charges and trading plans detail please visit Paytm Money Brokerage Charges.
Please refer unique and accurate Paytm Money Brokerage Calculator
The online stockbroker offers an instant paperless account opening. An individual can open a Paytm Money 2-in-1 account (Trading + Demat) account through Paytm Money App or through the website.
Paytm Money Account
Free digital KYC
Free brokerage worth of Rs 300
Free platform subscription charges for 3 months
Free Delivery Trade
Rs 10 for F&O and Intraday
Open Instant Account
Paytm Money offers a simple, convenient, super-easy, and transparent trading platform. It offers online trading through Paytm Money Mobile App and trading website. However, it does not offer installable desktop trading terminal/software for trading.
Paytm Money offers an in-house designed mobile trading app to trade on your fingertips. The mobile app is a one-stop shop to trade and invest in stocks, derivatives, direct mutual funds, digital gold, ETF, NPS, and IPO. Android users can download it from Play Store and iOS users can get it from the App store.
Paytm Money App Features
Paytm Money trading website can be accessed through any supported browser i.e. Chrome on mobile, desktop, or laptop. Users can login to the web platform and start exploring various products i.e. stocks, digital gold, NPS retirement funds, equity derivative products, and direct mutual funds.
For detail review of mobile app and download please visit Paytm Money Trading Platform Review.
With Paytm as a big brand name and widely used for payment transfer, Paytm Money does not require branding. Direct Mutual Fund investment and Zero brokerage delivery trading compete with Zerodha's offering. The company is offering mutual funds advisory which is a plus point for beginners. However, if you want to trade in the commodity and currency derivative segment, then you can’t choose Paytm Money Securities as it doesn’t offer MCX and currency trading for now.
Last updated on: 2022-04-19
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 zero brokerage delivery trading and charges just Rs. 10 per order flat brokerage on intraday 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. It further allows free equity delivery trading and free IPO investment, however, intraday trading with Paytm Money is charged at a Rs. 10 per order.
Yes, Paytm Money is free for investors. For Traders, the broker charge maximum Rs 10 as brokerage.
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;
Yes, Paytm Money is absolutely free for investment in direct mutual funds, investment in stocks (delivery trading), and IPO. However, intraday and equity derivative trading is charged at flat Rs. 10 per order brokerage.
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.
Yes, Paytm Money provides a direct mutual fund investment facility. Investment in Mutual funds is 100% commission-free. As you are applying in a direct mutual fund, you can earn upto 1% extra return.
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Free Delivery for Lifetime
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
FREE Account Opening (
Trade at Flat ₹20 per Trade Pay-as-you-go Demat AMC
Flat ₹20 Per Trade
Free Trading Tips & Software