Paytm Money NRI Account – Benefits, Charges, Opening Process, Support & more

Paytm Money is a discount broker founded in 2017. It also offers the opportunity to NRIs interested in investing in Indian stocks.

In recent years, it has gained millions of trusted users. Every Paytm Money NRI Account Review shows how it aided traders in making a profit in the Indian stock market.

Its brokerage fees are low because this broking house claims a flat charge for every trade. Also, Paytm Money NRI Account Charges are very reasonable.

It inspires many NRIs to invest in this broking house.

Why Invest with Paytm Money NRI Account?

Here is the list of reasons you can invest with a Paytm Money NRI account:

• Opening a Paytm Money NRI Account is effortless. Paytm Money’s quick account opening process allows NRI applicants to start in minutes. Also, it is an entirely online process. So applicants don’t face paperwork hassles.
• NRI traders can invest in equity stock through Paytm Money. Also, NRI investors can purchase Paytm Money mutual funds. It will help them avoid directly engaging with the volatile stock market. Further, Paytm Money offers IPOs.
• The updated and secured portal and app ensure seamless trading. Also, traders can analyse stocks and track the performance of their favourite stocks. So they can make informed investment decisions.
• Traders get live updates on stock market movements every second. Paytm Money provides thorough news feeds. It helps them make decisions based on the latest information.

The initial charges for the Paytm Mony NRI Account opening are shallow. The NRI investors only need to pay an initial fee of Rs.500.

So every aspiring NRI can profit from the Indian stock market through Paytm Money. Also, the annual maintenance charge is very convenient.

Paytm Money NRI Account AMC is Rs.450 + 18% GST. So, traders only need to make a yearly payment of Rs.531. The low AMC helps them make the most of their stock market profits.

This discount broker claims brokerages for the number of trades, not on the transaction values. Paytm Money NRI Account Brokerage for equity delivery for PIS accounts is Rs.200 per trade.

Traders must pay Rs.125 per trade for equity delivery in non-PIS accounts. For equity futures and options trading, the brokerage is Rs.125 per trade.

Paytm Money opens a gateway to substantial earning chances for NRI traders for these low and flat charges. Also, traders can profit well if they deal with higher trading values.

How to open a Paytm Money NRI Account?

Below, we have listed what you need to follow if you wish to open your NRI account with Paytm Money:

1. Opening a Paytm Money NRI account is easy. They can initiate the process by hitting the “Open NRI Account” tab. Afterwards, they must enter their details to Open a Paytm Money NRI Account. An executive will connect the applicants and will guide them in filling out the account opening form. Also, they will assist in uploading the documents.
2. Applicants need to upload their documents for Paytm KYC verification. They must upload clear copies. Also, the documents must be attested by authorised banking or government officials.
3. The final step in the Stock market onboarding process. First, applicants need to provide their trading preferences. Afterwards, they must upload an e-sign on the Paytm NRI Account Opening Form.
4. After the e-sign process, applicants can transfer funds to start trading.

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Aspiring NRIs must upload the following documents to Open Paytm Money Non-Resident Indian Account:

• NRI Account Opening Form – Filled out with proper information
• Clear copy of their PAN
• Savings bank account details (NRE or NRO)
• A cancelled cheque for signature verification
• OCI or PIO Card for police endorsement
• Applicant’s passport and visa of their present nation
• PIS Letter issued by their bank authorities
• Overseas address proof – NRI applicants need to submit copies of their driving license, savings bank statement or overseas passport
• Indian address proof – Applicants should provide copies of their Aadhaar, driver’s license or Indian passport
• Photograph of the applicant (Passport size)

Remember, government or banking authorities must attest to the docs for validation. Either the Indian embassy officer, overseas notary personnel, consulate general, or overseas banker can attest.

Paytm Money NRI Account – Top Features

Applicants can open accounts in Paytm Money for NRI within a few minutes.

• It doesn’t require any paperwork. Only applicants need to upload clear copies of their attested documents.
• From transferring funds to starting trading, it is seamless through Paytm Money.
• Also, it offers multiple stock trading options, such as equity delivery, futures, and options.
• Further, they can purchase Paytm Money mutual funds and Initial Public Offers (IPOs).
• Paytm Money prioritises trader’s account security with robust encryption.
• Also, it has multi-factor authentication. So, traders can invest with peace of mind.

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NRI investors enjoy multiple trading options through their Paytm Money NRI Demat Account. Traders can deliver equity shares in their Demat accounts.

Also, they can deal with contracts of equity options, and equity futures. Those who want to avoid keeping watch of shares can invest in mutual funds.

Further, investors with good knowledge of upcoming shares can purchase IPOs. Overall, Paytm Money allows investors to build a well-diversified portfolio.

So they can grab potential growth opportunities in every way possible and make good profits.

NRI traders can buy and sell equity shares through their Paytm Money NRI Trading Account. Also, equity futures and equity options contracts are available to NRI traders.

Moreover, they can purchase Paytm Money mutual funds and upcoming IPOs in the Indian stock market.

Above all, Paytm Money offers a compelling solution to manage finances and achieve financial goals. For this reason, many NRI investors are now trading stocks and shares through Paytm Money.

It gives them an excellent chance to profit from the Indian stock market.

The dedicated helpline number of Paytm Money NRI Support will help NRI traders directly connect with Paytm authorities.

The representatives will quickly resolve their queries, requests or complaints. Also, NRI traders can send emails to the email ID of the broking house.

Also, traders can connect with Paytm Money through its website. Moreover, Paytm Money offers multiple social media support options.

For example, NRI investors can reach Paytm Money through their Facebook page and Twitter account.

For personalised assistance, they can purchase services like trading support and a dedicated dealer.

Mobile App: The Paytm Money NRI App is simple, transparent and accessible. It is available for both iOS and Android OS. It helps traders stay updated on market movements.

Also, it provides market estimates, performance charts, and updated news on phones. So they can react to market changes instantly.

Moreover, NRIs can buy and sell equity stocks, mutual funds, and IPOs from the Paytm Money mobile app.

Further, they can monitor their present holdings to get an overall idea of their trading performance.

Web Trading Platform: The Paytm Money NRI Trading Platform offers several tools for better market analysis.

Different market indicators and charts provide data-driven insights to help them crack better stock deals. Also, they can place various order types like market, limit, and stop-loss.

The personalised watchlists help them check the real-time prices of their stocks. So, they can create price alerts to stay informed and grab the best opportunities.

Also, the web trading platform empowers them to connect the broking house whenever needed.

Other Trading Platforms: Paytm Money offers the Algo Trading Platform to NRI investors. So they can devise effective strategies based on different market conditions.

Paytm Money also has a dedicated mutual fund investment platform. So, mutual fund holders can stay updated on their investments.

There is no Paytm Money Advisory for NRI. However, NRI traders can purchase advisory support from other renowned sources to make trading decisions.

This way, they can benefit from the low charges of Paytm Money and earn a good profit. Many NRI traders follow this process and profit from the Indian stock market.

Paytm Money NRI Charges

We are listing here Paytm Money NRI charges for you:

• The Securities Transaction Tax or STT charges depend on the trade volume. The STT for receiving equity shares is 0.1% of the total value. For equity futures, STT is 0.0125% on sale. STT is 0.0625% on sell for equity options.
• It is 0.015% on buy for equity delivery. Also, SDC is 0.002% on buy for equity futures. It is 0.003% on purchasing equity options.
• The transaction charge for the delivery of equity shares is 0.00345% and 0.00375% in NSE and BSE respectively. For equity future contracts transaction charge is 0.002%. Also, equity options account for 0.053%.
• NRI traders must also pay some other hidden charges. For example, SEBI turnover, DP, GST, and call and trade charges.
• Traders must pay Rs.15 per request as Pledge creation and invocation charges.

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Paytm Money NRI Account Review – Conclusion

Paytm Money offers the power to manage finances with flexibility and control, regardless of location. Every Paytm Money NRI Account Review will give confidence to NRI investors.

So, they can understand the benefits of stock trading under Paytm Money. They can utilise its user-friendly interfaces and inclusive features.

Paytm Money offers NRI investors a golden chance to increase their assets in the Indian stock market. Its low brokerages allow them to make the most out of their investments.

FAQs on Paytm Money NRI Account Review

Below, we have listed the FAQs for the Paytm Money NRI account.

How do you open an NRI Demat Account in Paytm Money?

The NRI applicant needs to click “open NRI account” on the website and fill up their details in the form. After that, they must follow the on-screen instructions to proceed further.

How do you convert a Paytm Money Account to NRI?

NRI applicants need to fill out and submit these documents – an Account Modification Form, FEMA and FATCA declaration forms.

It will help them convert their resident accounts to Paytm Money NRI Demat accounts.

What is AMC for NRIs in Paytm Money?

NRIs must pay Rs.450 + 18% GST as annual charges in Paytm Money. So, they must pay Rs.531 yearly to keep their account running.

What is Account Opening Fees for NRIs in Paytm Money?

NRI applicants must pay Rs.500 as an account opening fee in Paytm Money with the first AMC. So, applicants must deposit an initial fee of Rs.1,031 in total for account opening.

Which assets are restricted from trading in Paytm Money for NRIs?

Buying or selling commodity and currency stocks in Paytm Money is restricted for NRI traders. Also, intraday trading is forbidden for them in the Indian stock market.

Can an NRI invest in a Mutual Fund in Paytm Money?

Paytm Money offers mutual funds for NRI traders. It also has a dedicated Mutual Fund Investment Platform for ease of trading.

What is the Brokerage for Paytm Money NRI?

Paytm Money charges brokerage fees per trade basis. For equity delivery under the PIS account, traders must pay Rs.200 per trade.

The equity delivery charge is Rs.125 per trade for non-PIS accounts. For equity futures and options, brokerage is Rs.125 per trade.

Can a Paytm Money NRI Account be Opened Online?

Paytm Money NRI Account creation is an online or digital process. Applicants need to fill out and e-sign the account opening form. Also, they need to upload clear copies of attested documents.

What is the Helpline Number for Paytm Money NRI?

080-46253716 is the Paytm Money NRI customer care number. Also, for email assistance, they can mail [email protected].

Which documents are required to open a Paytm Money NRI Account?

NRI applicants need to submit these documents for Paytm Money KYC – PAN card, savings bank details, a cancelled cheque, passport, visa, PIS letter, OCI or PIO Card, overseas and Indian proof of address.