Paytm Money Review, Brokerages & AMC Charges
In order to make investment process simple and transparent for everyone, PayTM, launched stock trading services through its application.
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Introduction of Paytm Money & Its Mutual Fund Platform
In March 2018, PayTM Money was specifically setup to offer investment and wealth management products and services to every Indians.
The country’s largest mobile wallet company already had MFs and NPS in its portfolio, and now with recent launch of its broking segment, it aims to provide discount broking services to its customers.
As of now, stock trading option can only be accessed by Android users, but going ahead it would soon allow stock trading for iOS users as well, as the work is underway.
In December 2019, SEBI gave a nod to Paytm Money for initiating stock broking and now they are here to offer seamless services to millions of Indians.
With an “Investor First” approach, PayTM Money wants to provide a fully digital experience to its customers that would be simple, transparent and accessible.
They vowed to be alongside their customers’ investment journey and deliver simplified user experience with zero paperwork, seamless digital KYC, automated payments, updated portfolio and powerful insights to take well informed investment decisions.
How beneficial is it investing in stocks through PayTM Money?
Based out of Bangalore, owned by One97 Communications, PayTM Money is set to catch traders’ attention fast with some great features and benefits.
In fact it would be a smart decision to trade on PayTM Money’s platform which is easiest and most secured way of investing and achieve bigger financial goals.
Listed below are some of the attractive features of PayTM Money that makes it unique.
Competitive Pricing – PayTM Money charges zero brokerage on delivery trading and has charges Rs 10 only for intraday trades.
Simple & smart search – It is often seen traders struggling with difficult ticker names to search for a specific stock. At PayTM Money, one can search the stock simply by its name.
Easy Account opening process – PayTM Money maintains fully digital KYC and hence your account opening process is simple and completely paperless.
One App-All Needs – More in lines with ‘one-stop-shop’, you can do your market research, stock trading or long term investing, all at one place in a simplified App with easy interface.
Smart Notifications – On PayTM Money App, you can easily set price alerts for up to 50 stocks and get notified when the prices reaches desired levels.
Tailormade watchlist – As per convenience, one can create multiple watchlists in order to track real-time price fluctuations of up to 50 stocks in each watchlist.
SIP Management – On PayTM Money platform you can set weekly/monthly buy orders & automate stock investment.
Stock performance and fundamentals – You are eligible to get in depth financial analysis & historical price data for every listed company. This helps you to take informed decision on a specific stock.
Investing & Trading – You are free to do Intraday & Delivery. Also, explore advanced
options like cover order & bracket order, all at ease with PayTM Money’s simplified interface.
Brokerage Calculator – It is easy to explore the transaction charges and exact breakeven price to sell stocks profitably on PayTM Money.
Data security – Your personal data is safe and secured under strict internal protocols.
Various Charges of PayTM Money
Since PayTM Money ventured into the market recently, it is pertinent for the customers to understand various charges and fees they levy for their services.
| Delivery based trading charges | |
| Brokerage | Rs 0.01/- per executed order |
| Exchange Turnover Charges | 0.00325% of turnover for NSE & 0.003% of turnover for BSE |
| GST | 18% on brokerage and exchange turnover charges |
| STT charges | 0.1% of turnover on Buy & Sell order |
| SEBI Turnover fees | 0.0005% of turnover |
| Stamp Duty | 0.015% of turnover on Buy orders |
Paytm Money Intraday Trading Charges
| Intraday Trading Charges | |
| Brokerage | 0.05% of turnover or Rs 10/- whichever is low |
| Exchange Turnover Charges | 0.00325% of turnover for NSE & 0.003% of turnover for BSE |
| GST | 18% on brokerage and exchange turnover charges |
| STT | charges 0.025% of turnover on Sell order |
| SEBI Turnover fees | 0.0005% of turnover |
| Stamp Duty | 0.003% of turnover on Buy orders |
Paytm Money Depository Charges
| Depository Charges (Rates excluding GST) | |
| AMC Charges | NIL |
| Delivery Sell Order | Rs 10 /- per scrip per day (including depository transaction charges) |
| Pledge Creation | Rs 32/- (including depository transaction charges) |
| Pledge Closure | Rs 32/- (including depository transaction charges) |
| Pledge Invocation | Rs 32/- (including depository transaction charges) |
| Demat Charges | Rs 250/- per 100 shares (including depository transaction charges) |
Paytm Money Other Charges
| Other Charges | |
| NetBanking Charges | Rs 10/- for each fund addition |
| UPI Charges | NIL |
| Overdue interest charges | 1.5% charges monthly on outstanding if not paid in due date |
| Physical Statement & documents | Rs 300/- per request + courier |
| Platform fees | Rs 300/- per annum |
| Digital KYC | Rs 200/- once |
How to Open Demat Account with PayTM Money?
Opening demat account with PayTM Money is fairly simple and hassle free.
The process of setting up an account and KYC compliance takes a few minutes.
To open a trading and demat account with PayTM Money, you need to download the app and click on & Complete your KYC.
You just need a few documents to be uploaded for the KYC process, post which you will receive a confirmation link via SMS. Your account will become investment ready in 24 hours.
The following documents are mandatory for opening an account, so keep it handy for faster processing.
PAN card
Aadhaar Card
Passport sized photo
Cancelled cheque
Income proof
Also you can read more on Lowbrokers Paytm Money Review
