Read & Learn about Paytm Money Charges here. PayTm initiated the mutual fund app known as Paytm Money in the year 2019.
We put together Paytm Money Brokerage Charges, Trading Charges, Demat and a certain number of other fees. So, stay with us till the end of this article. This’ll grant you all the possible knowledge about the company’s brokerage incursion system.
It grants trading exposure of upto 20 times the limit. It functions superbly while charging a minimal brokerage from the clients. In fact, that is the reason why we’ve created this article. It concerns with all sorts of Paytm Money charges.
Paytm Money Brokerage Charges
The table below is meant to tell you all about Paytm Money brokerage.
|Equity Delivery Trading||Free|
|Equity Intraday Trading||Rs.10 per order|
|Equity Futures Trading||Rs.20 per order|
|Equity Options Trading||Rs.20 per order|
|Currency Futures Trading||Rs.20 per order|
|Currency Options Trading||Rs.20 per order|
|Commodity Trading||Rs.20 per order|
|Minimum Brokerage||Rs.20 per order|
|Demat AMC Charges||Rs.250 per Annum|
|Trading AMC Charges||Free|
|Margin Money||Zero Margin|
|Brokerage Calculator||Paytm Money Brokerage Calculator|
As you can see from the table above, Paytm Money Brokerage charges are the same for most of its services. To begin with we have the services concerning Equity Delivery trading. Paytm Money charges nothing for providing these. For the category of Equity Intraday, you have to pay a low amount of Rs.10 per order.
The list includes Equity Futures, Equity Options, Currency Options, Currency Futures and Commodity Trading services. In fact, even the least required brokerage or minimum brokerage as per Paytm Money is Rs.20 per order. This sort of uniformity proves to be really beneficial for the clients.
It avoids creating any misunderstanding issues for the clients in terms of brokerage. Moreover, the brokerage even does not depend on the unit value of the traded instruments. Thus, the traders may trade as much instruments as they want for a fixed price.
The company levies Rs.250 per annum in terms of Trading AMC. However, it does not require the traders to maintain any specific Margin Money. Moreover, the Trading AMC is provided for free as well. You may even refer to Paytm Money Brokerage Calculator for any further calculations.
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Paytm Money Account Opening Charges
The table underneath, displays the values for Paytm Money Account Opening Charges. You may get all the information by a mere peak into the table.
|Account Opening Charges|
|Trading Charges [One Time]||Rs.300|
|Trading AMC [Yearly]||Free|
|Demat Charges [One Time]||Rs.300|
|Demat AMC [Yearly]||Rs.250 per Annum|
|Margin Money||Zero Margin|
Paytm Money Trading charges and Demat charges are levied at a uniform price too. This means that the Trading Account Opening charges and Demat Account opening charges are the same. These charges are levied at Rs.300. On the other hand, Paytm Money AMC charges are a subject to varying platforms.
The company levies Rs.250 per annum for Demat AMC. However, they do not charge even a single penny for Trading AMC. Moreover, the company even does not have any steadfast rules pertaining to minimum Margin Money Balance.
Paytm Money Transaction Charges
All of Paytm Money Transaction Chargesare enlisted within the table below.
Paytm Money charges the Transaction Charges like most of its competitors. They do not discriminate the incursion of charges based on the services being provided. As you can see within the table above, all of the services require the same amount of Transaction Charge.
The list of these services include Commodity, Equity Delivery, Equity Intraday, Equity Options, Equity Futures, Currency Options and Currency Futures trading.
Paytm Money Charges
There are some other charges apart from the usual brokerage. We’re referring to the taxes that Paytm Money charges on behalf of the government. We’ve mentioned all of such charges within the table below.
|SEBI Turnover Charges||0.0002% of Total Turnover|
|STT||0.0121% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.45 per Segment|
|Account Closure Charges||Zero|
Paytm Money Other Charges table begins with the inclusion of SEBI Turnover Charges. These charges are levied at 0.0002% of total turnover. The next set of tax is known as the STT or the Securities Transaction Tax. This is levied at 0.0121% of total turnover.
The third sets of taxes depend on the state where the transaction takes place. This is called the Stamp Duty and, it is the most negligible form of tax to be levied by the company. The company then incurs 18% GST over the sum of brokerage and transaction charge.
Another 18% + GST are applied in terms of Margin Funding Charges. The clients must pay Reactivation Charges at Rs.45 per segment and, the Dematerialization Charges are levied at Rs.45. However, the company does not incur any charges for Account Closure purposes.
Paytm Money Charges – Conclusion
Everything about Paytm Money charges is mentioned within this article. We have detailed about Paytm Money Demat Charges, Transaction Charges, Trading Charges and much more.
However, it’s totally your decision whether to choose the company as your financial brokerage advisor or not.
Paytm Money Brokerage Charges FAQ
Ques – Does Paytm Money Charge Brokerage?
Answer – Brokerage is a major pattern of the working structure as designed by a stock broker. Paytm Money does charge brokerage for the segments it provides, but, there is a good news. This Broker house has waived off the brokerage charges for the most opted investment instrument, i.e. Equity Delivery, which is a perk.
Ques – What is Paytm Money Brokerage Charges?
Answer – Brokerage is a tiny amount charged by Paytm Money, for the facilitation of trading in financial securities. Rs.20 per order Brokerage is levied on every segment, except intraday and delivery trading. The charge for Intrady trading is Rs.10 per order. On the other hand, Equity Delivery is free of Brokerage.
Ques – What is Intraday Brokerage of Paytm Money?
Answer – Investing in equity delivery is free of charge, but investing in intraday trading is chargeable. You are expected to pay a brokerage amount for investment in this category, and since Paytm Money is a discount broker, you have to only pay a small amount of Rs.10 per order. This is lesser than other segment’s brokerage.
Ques – What other Charges levied by Paytm Money?
Answer – If you want to invest in stock market there are a lot of charges you need to pay other than the brokerage. This includes paying account related charges, transaction charges, margin funding charges and other. There are also government related charges such as STT, SEBI Turnover charges, stamp duty, GST and others.
Ques – Is Paytm Money a discount broker?
Answer – Yes, this stock broker belongs to the hub of new addition, i.e. the discount brokers who are presently acing the stock market, alongside notable full service brokers. They have the assistance of technology and also provide cheap brokerage rates, as a result of which they have become a priority for traders.
Ques – Does Paytm Money have Free Delivery?
Answer – Firstly, the great of perks is that this stock broker is pretty cheap as it levies a flat rate for all of its segments. Secondly, the next set of perk is that the stock broker provides free of brokerage charge for delivery trading which is the most demanded segment of investment.
Ques – How much Paytm Money Charge for Options?
Answer – If you have plans to invest in Options, you will be charge an amount of brokerage. As this stock broker is a discount broker, you have to pay the same charge of Rs.20 per trade even if you opt to invest in equity options or currency options.
Ques – What are Paytm Money Transaction Charges?
Answer – This amount is charged on every order that you place and generally varies as per segments. Also, there are some stock brokers who charge the same rate of transaction charge for all segments, and Paytm Money is one of them. It charges 0.00310% for all segments, individually.
Ques – What is the Demat AMC in Paytm Money?
Answer – Here is another payment obligation you have, which is due once every year. AMC is generally taken on a per annum basis and varies from one broker to another. As per the charges set by this broking house, you have to pay a small sum of Rs.250 per annum for the purpose of Demat AMC.
Ques – Is Paytm Money Brokerage Free?
Answer – No, this stock broker is not entirely brokerage free. Though, the perk of investing with Paytm Money is that you pay a pretty cheap brokerage. This stock broker belongs to the domain of discount brokers and hence they follow a flat charge policy of Rs.20 per trade, excluding Equity Delivery, which is free of brokerage.
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