Rajat Singh
One97 Communications founded Paytm Money Limited, a Bengaluru-based discount brokerage, in 2017. It has quickly become a financial powerhouse in India. The fully owned subsidiary is registered with SEBI as a stockbroker and financial counselor under the Paytm brand. After starting with direct mutual fund investments, Paytm Money now offers stocks trading, pension plans, IPO investments, digital gold, and futures and options trading.
Over 21 million customers enjoy secure and seamless online and mobile trading on the platform. Paytm Money, famed for its low fees, delivers stocks and mutual funds free of charge. Clear and transparent pricing helps the company compete despite regulatory changes to trading charges.
A safe technology infrastructure that secures bank-level data helps Paytm Money develop and please users. Paytm Money’s minimal fees and wide selection of financial products attract both seasoned and novice investors.
Paytm Money will remain a leading Indian discount broker due to its vast variety of financial services and regulatory compliance.
Table of Contents
Paytm Money’s key features:
- Equity Delivery Trading: No charges for equity delivery transactions.
- Direct Mutual Funds: Zero commission on investments.
- Low Brokerage: Maximum of Rs 20 per trade.
- No Maintenance Fees: No charges for account maintenance.
- Digital Account Setup: Streamlined and fully digital account opening process.
- Fund Switching: Option to switch from regular to direct mutual funds.
- Diverse Investments: Access to stocks, mutual funds, digital gold, ETFs, IPOs, F&O, and NPS.
Life time free AMC
Paytm Money 2024 Fee Overview
Paytm Money offers a fixed brokerage model for a transparent and straightforward trading experience. Below are the detailed brokerage charges across different trading segments.
Aside from brokerage, traders should consider other fees associated with their trading activity on Paytm Money, including platform usage fees, payment processing charges, and other administrative costs.
Detailed Brokerage and Additional Charges Table
| Trading Segment | Brokerage Charges |
|---|---|
| Equity Delivery | Rs 20 or 2.5% of turnover, whichever is lower |
| Equity Intraday | Rs 20 or 0.05% of turnover, whichever is lower |
| Equity Futures | Rs 0.01 up to Rs 20 per executed order |
| Equity Options | Rs 20 per order |
Other Charges:
| Fee Type | Charges |
|---|---|
| Platform Fee | Rs 30 per month |
| Document Handling | Rs 300 per request + Rs 300 per courier |
| Payment Gateway (Net Banking) | Rs 10 per transaction |
| Payment Gateway (UPI) | Free |
| Auto Square-Off | Rs 50 per instance |
| Delayed Payment | 1.5% per month on outstanding amount |
Paytm Money Online Account Opening
Start your trading journey efficiently with Paytm Money’s digital-only account setup. For a nominal fee of ₹200, you can open both trading and Demat accounts entirely online, with zero maintenance charges. This process is not only quick but also eco-friendly, removing the need for any paperwork.
- How to Start: Download the Paytm Money app or sign up through their website.
- Cost: ₹200 one-time account opening charge.
- Maintenance: No ongoing account maintenance fees.
Now Open your Trading Account
Paytm Money Trading Platforms
Paytm Money caters to the needs of diverse investors through its two primary trading platforms, each designed to provide a seamless investment experience whether you’re at home or on the go.
- Mobile App:
- Accessibility: Trade anytime, anywhere.
- Features: Live market data, custom watchlists, price alerts, and more.
- Annual Fee: ₹300 for the cash segment.
- Web Platform:
- Functionality: Comprehensive online trading platform.
- Capabilities: Detailed stock and fund analysis, real-time transaction tracking, IPO investments.
Paytm Money uses its digital platform to allow investors across India to manage their portfolios without geographical restrictions, despite having only one office.
Paytm Money offers many investing alternatives for conservative and adventurous investors. Activity options:
- Stocks and Mutual Funds: Traditional investment avenues with options for both seasoned and novice investors.
- Emerging Markets: Digital gold, IPOs, and innovative financial instruments like NPS and ETFs.
- Futures & Options (F&O): For those interested in derivative trading.
Enhanced Trading Experience Paytm Money enhances user experience with additional features designed to support and educate investors:
- Call and Trade Services: For personalized trading assistance.
- Advanced Tools: Market depth, advanced charts, and comprehensive company data for informed decision-making.
Paytm Money’s ordered structure makes it desirable to traders seeking a complete, easy-to-use online trading experience. Paytm Money helps first-time investors and traders build and secure their finances.
Paytm Money Pros and Cons
Save on Taxes & Retirement Funds
Paytm Money Margin Exposure Overview
Paytm Money offers margin exposure for intraday trading, futures and options (F&O), and other trading segments. This feature allows traders to leverage their trading capacity based on the value of their stock holdings. Below is a detailed breakdown of the margin exposure provided by Paytm Money across different trading segments.
Detailed Margin and Leverage Table for Paytm Money
| Trading Segment | Margin Required | Leverage Offered |
|---|---|---|
| Equity Delivery | 100% of trade value for T+5 days | 1x |
| Equity Intraday | Up to 20% of trade value | Up to 5x |
| F&O (Equity, Currency, Commodities) | 100% of NRML margin (Span + Exposure + Delivery margin) | 1.3x |
Key Points:
- Intraday Trading: Provides up to 5x leverage depending on the stock, with margin requirements up to 20% of the trade value. This allows traders to multiply their buying power and potentially increase their returns on successful trades.
- F&O Trading: Offers a margin of 1.3x across equity, currency, and commodities for intraday trading on platforms like BSE, NSE, and MCX. For carry forward positions in F&O, the margin is set at the standard 100% of the NRML margin, with no additional leverage.
- Equity Delivery: Requires full funding (100% margin) of the trade value, allowable for T+5 days with 1x leverage, meaning no additional funds can be borrowed beyond the investment amount.
The margin exposure at Paytm Money is designed to cater to different trading strategies, providing flexibility in trading equities and derivatives while managing risk with appropriate leverage levels.
Paytm Money Ratings
Paytm Money Customer Complaint Analysis
This overview provides insights into the number of customer complaints received by Paytm Money through various exchanges over recent years. It offers a snapshot of the company’s service quality and reliability.
Detailed Complaint Statistics
| Exchange | Financial Year | Number of Clients | Complaints | Complaint Rate |
|---|---|---|---|---|
| NSE | 2024-25 | 735,825 | 20 | 0.00% |
| NSE | 2023-24 | 797,157 | 188 | 0.02% |
| BSE | 2023-24 | 346,480 | 78 | 0.02% |
| NSE | 2022-23 | 646,387 | 238 | 0.04% |
| BSE | 2022-23 | 240,904 | 47 | 0.02% |
| NSE | 2021-22 | 404,376 | 74 | 0.02% |
| BSE | 2021-22 | 103,182 | 18 | 0.02% |
| NSE | 2020-21 | 85,827 | 6 | 0.01% |
Key Insights:
- Stable Complaint Rate: The complaint rates are relatively low, consistently under 0.04% across all reported years and exchanges. This indicates a high level of customer satisfaction and efficient handling of issues.
- Growth in Client Base: There is a noticeable increase in the number of clients over the years, suggesting growing trust and popularity of Paytm Money’s services.
- Effective Resolution: The low percentage of complaints compared to the high number of clients serves as an indicator of effective grievance handling and customer service by Paytm Money.
Frequently Asked Questions
How does Paytm Money work?
Paytm Money is a low-cost online discount broker offering mutual funds, equities, IPOs, NPS, digital gold, and derivatives. Users must open Trading and Demat accounts to trade, and transactions have a fixed cost.
What are the charges for trading on Paytm Money?
Equity intraday trades cost Rs 10 per executed order on Paytm Money, which offers free equity delivery trading. For options and futures, each executed order costs Rs 10. STT, GST, and Stamp Duty apply.
What trading platforms does Paytm Money offer?
Paytm Money provides its proprietary trading platform available as a mobile app and a web-based platform. The platforms are designed to be user-friendly and cater to both beginners and experienced traders.
Can I invest in NPS via Paytm Money?
Yes, Paytm Money offers facilities to invest in the National Pension System (NPS), which helps accumulate retirement funds in a tax-efficient way. The platform is registered with PFRDA as a Point of Presence for NPS.
Does Paytm Money offer mutual fund investment advisory services?
Yes, Paytm Money provides mutual fund investment advisory services, helping investors assess their risk profile and suggesting suitable mutual funds based on their financial goals and risk tolerance.
Is Paytm Money a Chinese app?
Paytm Money is not a Chinese application. One97 Communications Limited, an Indian organization, is the owner of this application.
Despite the fact that it is not a Chinese corporation, it has received funding from Ant Financials, which is a subsidiary of the Alibaba group in China.
How to close Paytm money account?
To close a Paytm Money account, you must manually submit an account closure request. Here are the simplified steps:
1. Visit the Paytm Money website and navigate to the “Stock Market” section under “Products.”
2. Scroll to “Download Centers” at the bottom of the page under the Support section and download the “Account Closure Request Form.”
3. Complete the form with necessary details and specify your reason for closing the account.
4. Mail the signed form to the address provided on the form.
5. Ensure there are no securities or outstanding dues in your account before sending the closure request. Note that account closures cannot be processed online, by phone, or email.
