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Paytm Money Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 25-Aug-2022
Paytm Money Review
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.

Paytm Money Review 2022 - Quick Summary

In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 15 lowest brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & web platform.


Rated 4 stars

Paytm Money Top Highlight for 2022

  • Fully digital account opening process at no paperwork.
  • Zero Demat Account Maintenance charges.
  • Equity intraday, delivery, and F&O trading at flat Rs. 15/order brokerage.
  • 0 brokerage direct mutual fund investment.
  • Invest in NPS retirement product.
  • Secure & reliable Paytm Money App and web based trading & investing platform.

About Paytm Money

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 an extremely low brokerage fee of Rs. 15/order on equity intraday, delivery, and equity derivatives trading. Customers 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 2022 including brokerage charges, account opening process, trading platforms, customer care, and Pros & Cons.

Paytm Money Promotion Offer

Current promotion offer from Paytm Money for TopShareBrokers Visitors:

  • Life Time Free Equity Delivery Trades
  • Max Rs. 10 per order brokerage on intraday,F&O, and Currency
  • Pre-IPO apply feature
  • Lifetime Zero Demat AMC A/c
  • Open Instant Paytm Money Account Now!

Request call back from Paytm Money

Paytm Money Brokerage Plan, Fees and Charges

Rated 4.5 stars Brokerage and Commission Rated 4.5/5

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 has an Rs. 15 flat discount brokerage pricing model that charges you a maximum brokerage fee of Rs. 15 per executed order at no limit on trade value. Despite being relatively a new-age broker, its brokerage charges are even lower than the country’s top brokers like Zerodha and Upstox. Further, enjoy zero brokerage investment in the top direct mutual fund scheme.

However, if you have opened an account with Paytm Money before 5 August 22, then equity intraday and F&O trading will be charged at the cheapest brokerage of Rs. 10 per order while there will be no brokerage on delivery trades.

Paytm Money Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Rs 30 per month (Platform fees)
Demat Account Opening Charges: Free
Demat Account AMC: Free

Paytm Money Brokerage Plan with closest competitors

Here we are comparing Paytm Money with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Paytm Money 5paisa Zerodha Upstox Fyers
Service Type Discount Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 15 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 15 whichever is lower Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower Free
Equity Intraday 0.05% or Rs 15 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 15 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 15 per order 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 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 Rs 20 per order
Rating
Rated 4 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Rs 100 per executed order
  • RMS Auto Square Off Charges: Rs 50 per executed order
  • Hidden Charges: No
  • Payment gateway charges:: Rs. 10 + GST

For complete brokerage charges and trading plans detail please visit Paytm Money Brokerage Charges.

Please refer unique and accurate Paytm Money Brokerage Calculator


Type of Account offered by Paytm Money

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.

Paytm Money Demat & Trading Account

    Paytm Money is a CDSL depository participant to allow Indian customers to open Demat accounts online. You can open a Paytm Money Demat & Trading Account online via the mobile app or trading website. The broker charges Rs. 200 account opening fees while charging zero maintenance fee on the Demat account. Paytm Money provides a zero-balance trading account with no minimum deposit.

    Open an online Demat account and start trading in stocks, derivatives, and mutual fund investment journey. Equity (intraday and delivery) and derivative traders can also choose Paytm Money to trade at the lowest brokerage fee of Rs. 15 per order.

Paytm Money Mutual Fund Account

    Paytm Money is an ideal option for mutual fund investors to invest in the top mutual funds for free. The broker offers equity, debt, hybrid, and ELSS categories of direct mutual funds from all top fund houses and offers upto 1% higher returns. The platform provides a paperless investment process to invest in the best mutual funds. You can also check top-performing or top-rated mutual funds by CRISIL, Morningstar, and value research.

    Start SIP with as low as Rs. 100 in your favorite mutual fund scheme on the Paytm Money app at zero commission or brokerage. It further allows instant redemption facility from liquid funds upto Rs. 50,000.


How to open Paytm Money Account online?

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;

  1. Download the Paytm Money App.
  2. Click on the “Open Demat Account”.
  3. Enter your mobile number and verify it with OTP.
  4. Complete the stock market KYC process digitally.
  5. Add PAN card number and DOB as per PAN.
  6. Submit an address proof like Aadhaar card, passport, driving license, or Voter ID.
  7. Add bank account details, account number and IFSC code.
  8. Proceed to “E-sign now” to sign the account opening form digitally by entering your aadhaar card number.

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.

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

Alternatives to Paytm Money

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Paytm Money Mobile App and Trading Platforms

Rated 3.5 stars Trading Platforms Rated 3.5/5

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.

Paytm Money App| Android and iOS Mobile Trading App

    Paytm Money is an all-in-one app to trade or invest in stocks, direct mutual funds, futures & options, IPO, and NPS. Paytm Money is a one-stop app to open a Demat account, complete the KYC online, create customized watchlists with upto 50 stocks in each watchlist, track live market data, detailed company info, advanced charting, stock SIP, and get real-time P&L reports. It is a 100% safe and secure app with 2-factor authentication and fingerprint & pin protection that offers bank-grade security.

    Download the Paytm Money app on your android or iOS device and start trading at your fingertips.

Paytm Money Web| Web Trading Platform

    The broker also has an online trading website or web-trading platform to place buy and sell transactions across different asset classes. You can open an online Paytm Money Account, and invest in stocks, derivatives, NPS retirement funds, direct mutual funds, and even apply for IPOs online.

For detail review of mobile app and download please visit Paytm Money Trading Platform Review.


Paytm Money Trading Pros

  • Lowest brokerage online trading at Rs. 15 per order.
  • No brokerage on delivery orders and intraday and F&O trade at even low brokerage of Rs. 10/order for account opened before 5 August 22.
  • Invest in direct mutual funds for free and get upto 1% higher return.
  • Get free mutual fund advisory services.
  • One-tap switch facility to switch external regular mutual fund investment to direct mutual funds.
  • Apply for IPO online.
  • Advanced orders like bracket order, cover order, and after market order.
  • Place GTT (Good Till Triggered) order to place longer period order.
  • Easy to use and great design platforms for traders and investors.
  • Online fund transfer via 190+ supported banks.
  • Fund transfer via UPI is free.
  • Paytm Wealth Academy to boost financial education for beginners.
  • No hidden charges & investment fee.

Paytm Money Trading Cons

  • It does not offer commodity and currency trading.
  • Paytm Money charges 30/month platform fees or Rs. 300 per year.
  • You cannot open a 3-in-1 account.
  • NRIs cannot open an account with Paytm Money.
  • It does not offer zero brokerage unlimited monthly trading plans.
  • Very high call & trade charges of Rs. 300/order.
  • Delivery trading is not free for new customers who opened accounts after August 22.

Paytm Money Customer Care info

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.


Final thought about Paytm Money

Rated 4 stars Rated 4/5 by 20 users

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. 15 per order. Moreover, mutual fund advisory and an abundance of educational material on Paytm Money Wealth Academy prove it an excellent broker for beginners.

Request call back from Paytm Money

Last updated on: 2022-08-25

Paytm Money FAQs

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;

  1. Log in to the Paytm Money App.
  2. Go to your “Profile” option.
  3. Now go to the “Bank Account” setting option.
  4. Here, all the bank account registered on the Paytm Money App will be displayed.
  5. Click the bank of your choice to set it as a “Default bank” and confirm it.
  6. Once details are verified, your primary bank account will be successfully changed. Now, all the fund transfer request (deposit and withdrawal) will be processed in a new bank account only.

 

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:

  1. Install the Paytm Money app on Android or iPhone.
  2. Complete the digital KYC process and open Paytm account online.
  3. Select your favorite stock or mutual fund and start online trading.

 

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;

  1. Large Packs: Mutual Fund portfolio with a minimum investment amount of Rs. 5,000.
  2. Mini Packs: Mutual Fund portfolio with a minimum investment amount of Rs. 2,000.

 

Any Paytm Money Trading Account holder can add or transfer funds using two different modes, mentioned as follows:

  • Zero-cost UPI fund transfer process.
  • Net banking based fund transfer process.

 

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:

  1. Login to your trading account on Paytm Money App or web.
  2. Click on the “Funds” tab and then the “Add funds” option.
  3. Now, select UPI as a preferred fund transfer mode.
  4. Enter the amount and your UPI ID, mapped with the linked bank account.
  5. Now, accept the fund transfer request received on the UPI app, and funds will be added instantly.

 

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;

  1. Login to the Paytm Money Mobile App.
  2. Click on the “Portfolio” tab and slide towards the “position” bar.
  3. Click on your intraday position and tap on the “Convert” option.
  4. Enter the quantity (no. of shares) you want to convert.
  5. Once done, MIS position will be converted into a delivery (CNC) trade.

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

  1. Enter mobile no. or email and then OTP to successfully sign-up to the Paytm Money web or mobile app.
  2. Provide PAN card details.
  3. Add personal details i.e. name, address, and bank details.
  4. Next, upload a scanned copy of your photograph.
  5. Now, take a few second video of yours with a clear picture to complete the in-person verification process.
  6. Upload documents like PAN card, aadhar card, and bank proof to verify your personal details.
  7. E-sign the KYC form digitally.
  8. Once all the entered details are verified by the Paytm Money representatives, your trading account will be opened instantly.

 

Yes, Paytm Money is a safe for trading and for investment due to following reasons;

  • No proprietary trading and margin funding services.
  • Registered with market regulators SEBI, BSE, NSE and CDSL.
  • Safe and secure mobile trading app, “Paytm App”.
  • 2-Factor Authentication
  • Data Privacy & Protection Bank-level security protects
  • Fingerprint & Pin-protected App

 

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;

  • Zero brokerage investment in stocks.
  • Lowest intraday and F&O trading brokerage of just Rs. 10 per order.
  • Investment in Direct mutual funds for Free.
  • Safe and secure trading platform; Paytm Money App and Web.
  • Free Demat AMC account at zero AMC charges.
  • 100% paperless account opening process.
  • Transparent brokerage model with no hidden charges.

 

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;

  • Fully digital mutual fund KYC for paperless MF investment.
  • Offers direct mutual funds of 40+ top AMCs.
  • Zero brokerage, commission, or subscription fee.
  • No DP charges on Mutual Fund Redemption.
  • MF investment through Paytm Money App and web.
  • Track all your mutual fund holdings at one place.
  • 1-Click switch external investment in regular plans into direct MFs at zero charges.
  • Get mutual fund advisory services to select the best scheme for investment.

 

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;

  1. Log in to your Paytm Money Account.
  2. Go to the “Statements” tab and click on the “Ledger Statement”.
  3. The ledger statement will be downloaded and now you can check all debitable and creditable amounts.

 

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.

 


Paytm Money User Reviews

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4. Tushar Hota May 05 2022 09:23:23 PM Reply
How can AMO is placed in option trading .
Timing of AMO IN OPTION TRADING .
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3. Atisha Mar 28 2022 04:11:05 AM Reply
It is the worst application and looks like fraud. It didn''t have zero rating option so I had to give one unfortunately. First of all they don''t have any customer support number. There is one email Id, where if you Paytm Money to another broker and haven''t been lucky enough to do so. I am starting to believe that they are frauds.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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2. Ajay parmar Nov 20 2021 04:55:57 AM Reply
Average Service.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average
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1. Sudeep sagar Oct 16 2021 11:01:53 AM Reply
Hii.....I want to know the special offer on opening paytm money account, it is showing as free demat AMC but when I create the account and about to invest again it is showing as 353/- will be chargeable as platform.maintenance, I''''m not getting this one, please provide me details regarding it in detail.
Thankyou