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Paytm Money Review, Brokerage Charges, Demat a/c, Platforms & more

Paytm Money is a stock broking & mutual fund distribution of Paytm. The company has recently launched its broking wing & will provide discount broking facilities to its customers.

In this article, we will dig deep into Paytm Money review, its brokerage charges, demat account opening fees, offers, trading platforms & more.

Paytm Money Offers


Paytm Money Customer Ratings

Customer Ratings
Experience2.7/5
Products & Services2.8/5
Brokerage Charges & Fees3.4/5
Stock Research & Advisory2.5/5
Trading Platforms3.1/5
Overall Ratings3.0/5
Star Ratings★★★☆☆
Total Client Reviews315

About Paytm Money Securities

Overview
Company TypePrivate
Broker TypeDiscount Broker
HeadquartersNew Delhi, Delhi
FounderVijay Shekhar Sharma
Established Year2019

Paytm money securities are a privately held financial company as a discount broker. It was established by Vijay Shekhar Sharma.

On 2019, the capital market regulator Securities and Exchange Board of India (SEBI) has approved the launch of it’s as Stock Broking. BSE and the National Stock Exchange had issued them broker membership.

Paytm Money securities provide new offers on its platform, along with stock and cash trading, derivatives, ETFs and other traded exchange products.

The company is basedout of Noida, India, is an Indian e – commerce payment system and digital wallet company.

Paytm was established by its originator Vijay Shekhar Sharma in NOIDA, a province adjoining to India’s capital New Delhi, in August 2010 with an investment in the company of $ 2 million.

They 190 + Banks supported auto – payment with physical mandates.


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Paytm Money Brokerage Charges & Fees

In the below table Brokerage charges for trading are discussed –

Brokerage Charge & Fees
Equity Delivery TradingRs.20 per order
Equity Intraday TradingRs.20 per order
Commodity Options TradingRs.20 per order
Equity Futures TradingRs.20 per order
Equity Options TradingRs.20 per order
Currency Futures TradingRs.20 per order
Currency Options TradingRs.20 per order
Minimum BrokerageRs.20 per order
Demat AMC ChargesRs.250 per Annum
Trading AMC ChargesFree
Margin MoneyZero Margin
Brokerage CalculatorPaytm Money Brokerage Calculator

Paytm Money delivers one of the India’s lowest demat trading account. In reality, for all of the finance purpose, they are the agents to scrap the brokerage fee.

Here, it is described in detail the charges of Paytm Money brokerage such as Delivery, Intraday, Derivatives (F&O), Currency and Commodities.

  • Delivery segments allow to the transactions you are brokering shares today on another day. Paytm Money charges no fee for these kinds of trades in which you don’t purchase and sell on the same day.
  • Trading intraday pertains to online trade in which on the same trading day you buy and sell shares. Depending on the number of shares / trade value, the maximum commission you pay is limited to Rs 20/trade.
  • Brokerage fees for the segment Futures are the same as those for the segment Intraday.
  • The options brokerage is quite appealing. They charge Flat Rs.20/trade regardless of lots.
  • For trading with Paytm money, a marginal amount of zero can be maintained.

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Paytm Money Other Charges

Other Charges
Transaction Charges0.00310%
STT0.0121% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

They charge transactions and their main source of revenue. Here the comprehensive review of other charges is mentioned.

  • Taxes must be paid as recommended by the government.
  • The slabs STT and Turnover are small.
  • In India, monetary trading is only permitted against INR. Cross currency such as USD – GBP is not permitted. In the currency segment, there is no Security Transaction Taxes (STT).
  • These charges are the very negligible amount so it does not affect profit or loss of trading.

Paytm Money Demat Account Opening Charges

Account Opening Fees
Depository SourceCDSL & NSDL
Account Opening ChargesRs.300
Demat AMC ChargesRs.250 per Annum
Trading AMC ChargesFree
Margin MoneyZero Margin
Offline to OnlineYes

The account opening charges by Paytm Money Securities are –

  • Paytm Money charges account opening fees of Rs.300
  • Demat AMC is Rs.250 per annum ut Trading AMC is free
  • The broking house requires Zero margin & depository service used are both CDSL & NSDL

Paytm Money Offers

Offers
Free Demat AccountNo
Free Trading AccountYes
Discount on BrokerageYes
Trading Happy HoursNo
Flexible Brokerage PlansNo
1 Month Brokerage FreeNo
Holiday OffersNo
Referral OffersYes
Zero Brokerage for Loss Making TradesNo

Paytm money offers many attractive proposals for customer’s benefits. This is meant for the customer to impart for the long term.

  • They provide a trading account of free charges.
  • They provide flat brokerage which is at discounted rate
  • Any individual can associate with paytm money via referral program. They get a bonus on every referral in the form of a fixed amount or percentage of trading.

To know about offers of other stock brokers check below

SBI SmartAditya Birla MoneyAsit C Mehta InvestmentBonanza Portfolio
Narnolia SecuritiesAlice Blue OnlineAstha TradeChoice Broking
ZerodhaAnand RathiBMA Wealth CreatorsGeojit Finance

How to Open Demat Account with Paytm Money?

To open a trading account with Paytm money securities you have to follow below steps.

  1. Fill up the form by clicking on green “Open Demat Account” button
  2. You will receive a call from Paytm executive & they will send a link in your Mobile No. & Email
  3. Just click the link in email or sms & follow the KYC process.
  4. You have to upload few documents for verification pusposes like PAN, Aadhaar etc.
  5. All your documents will be verified
  6. Within 1 day your account will be opened & you will receive client id & password.

Why open Paytm Money Trading Account?

The various reasons to open Paytm Money trading account are –

  • Practical investment payment options Experience seamless investments with automated 1-tap payments
  • Net banking supported by all banks in the country.
  • Paytm money is 190 + Banks supported auto – payment with physical mandates.
  • Extremely low brokerage i.e. flat Rs.20
  • Demat Account with the broking house gets opened in ust 1 day
  • Smooth Mobile Trading App & Web trading platform

Paytm Money Products & Services

Lets have a detailed understanding of their products & services –

Products Offered by Paytm Money

Products
Equity TradingYes
Commodity TradingYes
Currency TradingYes
OptionsYes
FuturesYes
Mutual FundsYes
ForexNo
BankingYes
SIPYes
InsuranceNo
  • Paytm money provides a range of financial product for their customers.
  • They provide product for trading in equity, derivative and commodity.
  • Trading in currency is available.
  • They make available banking option for customers.
  • Customers can invest in mutual fund and SIP.

Paytm Money Services

Services
Demat ServicesYes
Trading ServicesYes
3 in 1 AcountYes
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsNo
Robo AdvisoryNo
PMSNo
Trading InstitutionNo
Trading ExposureUpto 20X

Paytm provide various range of services to the customer.

  • They provide all services for Demat and trading account.
  • 3 in 1 account service are offered.
  • Intraday and IPO service to customers are offered.
  • They provide one of the highest marginal amounts of 20 times of investment.

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Paytm Money Research & Advisory

Research & Advisory
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksNo
Daily Market ReviewNo
Monthly ReportsNo
Weekly ReportsNo
Offline AdvisoryYes
Relationship ManagerYes

Paytm doesn’t have a big research team. There research is mainly limited to few important things like –

  • Paytm money as they are new comer as security broker, they do not provide extensive research and advisory as compare to other stock brokers.
  • They provide stock trading tips for every segment for free of cost.
  • Paytm money provides offline advisory to customers. Customers are provided with a representative, so they can contact any time offline.
  • They are on process to provide very soon report like the fundamental, company, research for annually, daily and monthly basis.

Paytm Money Exposure/ Leverage

Exposure / Leverage
Equity DeliveryUpto 4X
Equity IntradayUpto 20X
Equity FuturesUpto 3X
Equity OptionsUpto 5X
Currency FuturesUpto 2X
Currency OptionsUpto 3X
CommoditiesUpto 3X
Margin CalculatorPaytm Money Margin Calculator

Based on the segment traded, they offer its customers with the following margin values:

We would like to mention here that exposure is a risky concept. Only if you know how it works what its effects are, it would be our recommendation not to use it in addition to your investment.

  • You will be more secure and comfortable when using it once you get an understanding of how things are going.
  • They give the highest marginal up to 20X which is high compared to other discount brokers.
  • For delivery, they provide 4 times of margin for trading.

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Paytm Money Trading Platforms

Paytm Money provides all types of Trading Platforms to its clients. They have trading termimal, they have web browser & they also have Paytm Money App.

Trading Platforms
Desktop Platform – WindowsYes
Desktop Platform – MacYes
Desktop Browser PlatformYes
Mobile Site PlatformYes
Android App PlatformYes
iOS App PlatformYes
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyYes
News FlashYes
Research ReportsYes
Easy InstallationYes
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsYes
Live MarketsYes
SMS AlertsNo
Email AlertsYes
Multi Account ManagementNo

Paytm Money Trading Terminal – Paytm Money Trader

Trader Terminal is one of India’s seasoned trading applications. It provides a wide variety of information, analysis, market trends, and related levels features.

Let’s look at some of the characteristics quickly:

  • Live Market Data, Streaming Quotes. The application gives the best 5 bid/ask and open interest quotations to view the market depth.
  • You can follow up Daily Price Range (DPR) and Average Traded Price (ATP) before proceeding with the call or not. Single-click ordering usability with short-cut key. Similarly, it is also possible to use shortcut keys to access other features.
  • Comes with 2-level verification for enhanced security provision to add multiple market watch lists to allow users to view pre – selected scripts information. Clients can view data such as Last Traded Price, best bid rate, total volume, best offer rate, etc.
  • To your technical or fundamental evaluation – multiple forms of charts are loaded on the trader terminal such as Candlestick, Line, OHLC.
  • Consumers can see graphs with patterns in the duration of 1 month, 3 months, 6 months, 1 year, 2 years and 5 years and so on.
  • In addition, the analysis includes 14 various technical trading price and volume indicators.
  • Online funds money transfer with almost all banks such as ICICI, HDFC, SBI, UTI, Yes Bank, Axis, etc available.

Paytm Money Mobile App – Paytm Money Trading Features

Some features of Paytm Money Trading App are –

  • Trade across different platforms on Android and iOS.
  • Trade in Equity, Derivatives, Commodity and Currency on single platform.
  • Start purchasing stocks with the implementation of the eSign facility.
  • A well-organized Portfolio that lets you keep a track of your positions and holdings effectively. You can view them as per your convenience using the sort options. View Average Price, and Overall Profit and Loss of your Positions and Holdings, among others.
  • Maintain a record of the LTP and Change & Change Percentage to LTP of scrip that you are interested in by adding them to the WatchList.
  • You can create up to five different WatchLists with 20 scrips in each, which is easy to get to both on Web and on the Mobile App.

Paytm Money Mobile App – Mutual Fund Investment Features

Features of Paytm Money Web Trading Platform are –

  • Individual can open your ‘Paytm Money investment’ account online by use of your Paytm registered mail id or mobile phone number.
  • They provide Up to 1 percent higher returns with Mutual Fund Schemes Direct Plans.
  • Put the money by investing in 35 mutual fund firms in India’s mutual fund schemes.
  • They provide opportunity of no commissions or charges for the purchase and sale of mutual fund projects.
  • With full digital KYC, one can open investment account online within 30 minutes.
  • Assist to update on the app with real-time investments, track them all day long.
  • Set up auto pay – a onetime authorization to computerize investment in SIP & Lump sum mode.
  • Earn interest by 3.5 percent p.a. more than savings bank interest. Smartly manage your money, invest in funds for insta-redemption (liquid) and enjoy easy withdrawal without penalty.
  • Investing in equity-related savings schemes (ELSS) to save tax and earn higher returns than other tax-saving options such as PPF, fixed deposits, associated plans for insurance, etc.
  • One can invest in any kind of mutual funds to attain short-term and long-term goals.

Paytm Money Customer Support

Customer Support
Dedicated DealerNo
Offline TradingYes
Online TradingYes
24*7 SupportNo
Email SupportYes
Chat SupportYes
Toll Free NumberNo
BranchesNo Branch

The number of ways of connectivity is wide, but the reliability of customer service is quite ordinary.

There is no doubt that the discount broker can work in different service areas such as turnaround time, messaging quality, executive skill set, holding time and the final quality of customer queries.

Their customer support team assists in offline and online trading. The support team support by email and chat.

A lot of customers complained about not supporting 24*7 and not providing Toll Free Number.


Paytm Money Complaints (Current Year)

Complaints (Last Year)
Lodged in BSE0
Resolved in BSE0
Lodged in NSE0
Resolved in NSE0
Percentage of No. of Complaints Received Against Number of Active Clients0.00%

Paytm money is very new in stock broking business. Therefore no complaints lodged in NSE and BSE.


Paytm Money Disadvantages

Various cons of Paytm Money Securities is provided below –

  • They do not help in advising in which fund should invest in. Their recommendation is very weak.
  • There are so many glitches in their Android application that we can read the reviews from the Google Play Store.
  • If you skipped your SIP, there is no option.
  • They did not provide any customer care number.
  • Mostly public have invested their capital through their app and many time face issue in login.
  • The portfolio is not regularly updated.

Paytm Money Conclusion

Paytm money is inching closer towards becoming as they lined out a full – stack wealth management platform, in line with our outlook and purpose of bringing possibilities for wealth accumulation to millions of Indians.

The stock broker has established its investment operations team in the fields of trade, payment, depository, risk, finance, reserve, and others.

If we compare Paytm money brokerage charges with other full-service brokers like Sharekhan, ICICI Direct, and Angel Broking, etc., it’s nearly 80-90% lower. It is very competent even in the category of discount brokers.


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