Check out Paytm Money Review here. Paytm Money came to life in 2019 by Vijay Shekhar Sharma in Bangalore.

Soon after its launch, it emerged as a discount broker listed with the Securities and Exchange Board of India (SEBI).

With its whopping 6 lakh customers, Paytm Money is the place to be when you’re looking to dive into the nation’s stock market.

The large number of clientele signals that this Paytm Money review is worth a quick shot.

If you are also eager to learn more about Paytm Money charges, its salient features, and other pluses, this guide is here to lend a hand.

Broker Type Discount Broker
Active Clients 6 Lakh+
Account Opening Charges Rs. 200
AMC Free
Delivery Charges Rs.15 per Trade & 2.5% (whichever is low)
Intraday Charges Rs.15 per Trade or 0.05% (whichever is Low)

Paytm Money - Company Overview

Company Type

Private

Headquarters

Bangalore

Founder

Vijay Shekhar Sharma

Establishment Year

2019

Why trade or invest with Paytm Money?

Opening a Paytm Money account brings along a bunch of fantastic perks that are absolutely worth mentioning. Here are some of the coolest ones:

  • The online discount broker is SEBI-authorized and legit. Thus, every single transaction made with them is certain to be risk-free and confidential.
  • The broker charges a nominal fee of Rs. 200 for opening an account, which is pretty low compared to many other brokers.
  • Also, there are no annual maintenance charges. In a word, investors save money in the long run.
  • Paytm Money is like the cousin of the popular Indian fintech company Paytm operational since 2010. The tie-up is all about making money matters simple and fun.

Paytm Money Brokerage Charges

Brokerage Plan

Standard Plan

Subscription Charges

Zero

Equity Delivery

Rs.15 per Trade & 2.5% (whichever is low)

Equity Intraday

Rs.15 per Trade or 0.05% (whichever is Low)

Equity Future

Rs.15 per Trade or 0.02% (whichever is low)

Equity Option

Rs.15 per Trade

Commodity Future

NA

Commodity Option

NA

Currency Future

NA

Currency Option

NA

Paytm Money brokerage charges are transparent and competitive. Under the Standard Plan, there are no subscription charges.

Firstly, the brokerage fee for equity delivery is Rs. 15 per trade or 2.5% (whichever is lower).

Second, the commission cost for equity intraday trades is Rs. 15 per trade or 0.05% (whichever is less), whereas the commission fee for equity futures trades is Rs. 15 for each trade or 0.02% (whichever is less).

In the same way, the commission for trading equity options is Rs. 15 per transaction.

Because of these fees, Paytm Money is a very affordable choice for those who are trading and the investment market.


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How to open a Paytm Money Demat account?

Get ready to dive into these quick steps on how to open a Paytm Money Demat Account. First, please fill out the below-provided form to register for a free Demat account:

  1. Then, You will receive a call from the executive & they will share a link with you
  2. Fill out the information in the online account opening link.
  3. Pay the account opening fee of Rs.200 after this.
  4. Complete the KYC process by submitting your PAN card, Aadhaar card, and bank details.

Once your documents are verified, the Demat account will go active, and you can start investing in various financial instruments.

Types of Paytm Money App, Trading Platforms & Tools

Web Trading Platform

Trading Terminal

NA

Algo Trading Platform

Available

Foreign Stocks Trading Platform

NA

Basket Trading Platform

NA

Mutual Fund Investment Platform

Available

Digital Gold Investment Platform

NA

Bonds Investment Platform

NA

Before you jump into signing up for an account with Paytm Money, please take a moment to explore their online trading system and their super cool Paytm Money app.

Because it’s worth a peek! Here’s a quick review of what Paytm Money brings to the table. Check it out.

Paytm Money Mobile App: The app is designed to be super user-friendly and makes the whole process a breeze.

To begin with, the app provides a convenient account opening process, making it easy for users to get started.

Plus, it has many cool investment choices to pick from! Such as, you have mutual funds, NPS retirement funds, stocks, and even IPOs.

PayTM Mutual Funds App: With many fund houses at your fingertips, Paytm Money offers a buffet of investment options tailored to your financial goals.

The platform provides features like instant redemption, investment ideas, goal-based investing, and SIP options.

Paytm Money Web Trading Platform: Paytm Money web portal is like your personal trading playground!

It’s where you can dive into the exciting world of equities and equity derivatives and trade them just as you want.

You’ve got access to real-time stock quotes, juicy market data, and watchlists that you can customize to fit your style.

Paytm Money Algo Trading Platform: Investors may easily put their methods to the test using historical market data.

Thanks to Paytm Money’s algo-based trading platform that helps you make an informed decision before contributing any real capital.

Paytm Money App, Trading Platforms & Tools - Features

Wishlist

Yes

Real Time Updates

Yes

Portfolio Details

Yes

Online MF Buy

Yes

Research Reports

Yes

Global indices

Yes

Customised Recommendations

No

Stock tips

No

Interactive charts

Yes

Live market

Yes

Multi Profile Management

No

Robust & Secure Platform

Yes

Whether you’re a seasoned pro or a newbie in the game, this platform covers you.

Our Paytm Money Review confirmed that the platform’s features are all about hassle-free transactions and ensuring your investment journey goes smoothly.

Paytm Money App

Digital and paperless joining: Joining Paytm Money is quick and easy. Thanks to the digital and paperless process, ensuring a hassle-free start for users.

Stock Investments: Users can effortlessly invest in stocks through the app. At the same time, they even receive real-time updates on stock quotes and market data.

Smart SIPs: The app offers Smart SIPs, allowing users to set up automatic investment plans for consistent returns.

Chart Analysis: Users can deeply analyze market movements using the app’s rich charting tools. Due to this, they will make an informed investment decision.

Margin Pledge: The Paytm Money app allows you to pledge existing stocks and derivatives as collateral, easing margin trading.

IPOs: Users can readily contribute to IPOs through the app. Besides, a smooth application process for new listings is available as well.

Futures and Options: The Paytm Money app lets you trade Futures and more, and Options adds a dash of excitement to your financial game, as it assists you in staying informed with changes in the market.

Paytm Money Web Trading Platform

Digital Onboarding: The trading platform offers a streamlined digital signup and account opening procedure. Given this, trading becomes quick and easy.

Invest in Gold and NPS: Users can diversify their investment portfolios by readily investing in Gold and National Pension System (NPS) funds through the platforms.

Advanced Charting: The trading platforms feature advanced charting tools. In detail, it aids in fast market trend analysis and making informed trading decisions.

Real-Time Updates: The trading platform hooks you up with all the latest updates on market trends, stock quotes, and news and even sends you price alerts in real time.

Robust and Secure Platform: Trading platforms by Paytm Money provide users with a strong yet safe setting to trade assets online. The broker places a high priority on user safety while offering a risk-free trading experience.

Paytm Money Other Tools and Features

Web-Based Platform: The platform is like your financial playground, just a click away. It works seamlessly alongside their super handy app. So, no matter where you are.

MF Investment Platform: The platform offers a user-friendly interface for investing in mutual funds. Notable features are SIP options and investment recommendations.

NPS Platform: Users can easily invest in NPS retirement funds through Paytm Money. Notable features cover portfolio tracking and regular investment reminders.

IPO Platform: Paytm Money is about making life simpler when it comes to getting in on the IPO action. The application’s workflow is the hero who even keeps track of the outcome of IPOs.

Open AI Platform: Paytm Money offers an Open AI platform, allowing developers to integrate its features into their applications or platforms, opening up options for customized trading solutions.

Paytm Money Offers

Free Account Opening

No

Free AMC

No

Free Brokerage

No

Flat Brokerage

Yes

Flexible Brokerage Plans

No

Happy Trading Hours

No

Free Delivery Trading

No

Free Intraday Trading

No

Free F&O Trading

NA

Free Research Reports

No

Free Trading calls

No

Referral Offers

Yes

Margin Funding / Pledging

Yes

Brokerage Cashback

No

Zero Brokerage for Loss Making Trades

No

Paytm Money has got you covered with a bunch of awesome perks. Such as

  • Firstly, it provides flat brokerage rates, ensuring transparency and cost-effectiveness. In addition, users can take advantage of referral offers and earn prizes by inviting their friends and contacts to join the site.
  • Paytm Money allows doing more with your trades using margin funding and counting pledging options.
  • However, it’s important to note that there are no free account openings, no free AMC (annual maintenance charges), and no free brokerage services. Despite these limitations, the platform offers various services and opportunities for investors to make informed investment decisions.

Paytm Money SWOT Analysis

Check out the SWOT Analysis of Paytm Money.

Strength

  • A popular Indian fintech company Paytm, is the brain behind this online payment platform.
  • The platform doesn’t charge AMC. As a result, beginners can last a long time on the platform.
  • Account opening charges are just Rs 200, which anybody can readily afford.
  • Users get quick access to a variety of banking services, including ATMs, through the platform, which can be easily obtained using the Paytm app.
  • There’s zero brokerage for loss-making trades.

Weakness

  • Everything about Paytm Money is good except for its limited assets. Users can invest just in equity delivery, equity intraday, and F&O.
  • The broker charges Rs. 15 per trade and 2.5% (whichever is lower) for its services, which is relatively high.
  • In comparison to rivals, the broker is new.

Opportunities

  • By introducing other assets into its product profile, the broker can raise brand awareness.
  • The platform is accessible through applications and web browsers; an introduction to dedicated software may make a difference.
  • Furthermore, the audience can be engaged if the broker introduces more guides, tutorials, and helpful educational stuff for its clients.

Threat

  • In comparison to others, the broker is new and may take time to adapt to new financial clients.
  • The broker is still testing its services, which may induce trust issues for people with Paytm Money.
  • Lastly, the Paytm Money mobile app doesn’t have a fascinating history of positive reviews.

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Paytm Money Review - Products Offered

Equity Delivery

Yes

Equity Intraday

Yes

Equity Option

Yes

Equity Future

Yes

Commodity Option

No

Commodity Future

No

Currency Option

No

Currency Future

No

Foreign Stocks

No

Mutual Funds

Yes

Banking

No

Insurance

No

Corporate Bonds

No

Govt. Bonds

No

Digital Gold

No

Paytm Money Review - Services Provided

Demat Services

Yes

Trading Services

Yes

Intraday Services

Yes

F&O Services

Yes

IPO Services

Yes

3 in 1 Account

No

Stock Research

No

Stock Recommendations

No

Trading Institution

No

Share Pledging

Yes

PMS or PCG

No

NRI Services

No

Paytm Money Research & Advisory

Fundamental Reports

No

Research Reports

No

Company Reports

No

Annual Reports

No

IPO Reports

No

Technical Reports

No

Stock Tips

No

Daily Top Stock Picks

No

Daily Market Review

No

Monthly Review

No

Weekly Review

No

Relationship Manager

No

Robo Advisory

No

When it comes to research services, Paytm Money has some limitations. Users cannot access free research reports, fundamental reports, company reports, annual reports, or IPO reports.

Unfortunately, stock tips, daily top stock picks, daily market reviews, monthly reviews, and technical reports are also absent.

While this may be disappointing for users seeking research materials, it’s important to note that Paytm Money offers other cool features and functions.

For instance, imagine having access to a range of cool investment options, topped with the user-friendly interface of Paytm Money Trading Account.

Paytm Money Margin or Exposure or Leverage

Equity Delivery

1x

Equity Intraday

Upto 5x (Depends on Stocks)

Equity F&O Carry Forward

1x

Equity F&O Intraday

1.3x

Commodity F&O Carry Forward

1x

Commodity F&O Intraday

1.3x

Currency F&O

1x

Paytm Money offers margin or leverage facilities to its users across various trading segments. To better sum up Paytm money, these are as follows:

  • Simply put, the margin is set at 1x for equity delivery, meaning users can trade with their available funds.
  • In the case of equity intraday trading, users can leverage up to 5x, depending on the specific stocks.
  • However, equity F&O carry forward and intraday both have a margin of 1x, while commodity F&O carry forward and intraday allow a margin of 1x as well.
  • Finally, currency F&O trading operates with a margin of 1x.

These margin options give users flexibility and the potential for increased buying power in their trading activities.

Paytm Money Review - Programs

Sub Broker Program

Yes

Partner Program

Yes

Referral Program

Yes

Paytm Money Review & Rating by Finec.in

Overall Rating

8.85 / 10

Customer Support

8.81 / 10

Technology

8.95 / 10

Charges

8.88 / 10

Products & Service

8.79 / 10

Experience

8.77 / 10

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Paytm Money Customer Support

Trading Support

Available, Chargeable

Dedicated Dealer

Available, Chargeable

Call Support

080-46253716

Email Support

info@paytmmoney.com

Whatsapp Support

NA

Website Support

Facebook Support

Twitter Support

Telegram Support

NA

Branches / Offices

NA

Paytm Money does its best to sort out customer queries using different avenues like email assistance, trading support, expert dealers at your service, and even a good old-fashioned phone call.

However, it is necessary to remember that a few of these facilities can come with an additional fee attached to them.

If you need any help or have questions or concerns, contact the friendly folks at Paytm Money Customer Care at 080-46253716, or if you prefer, email info@paytmmoney.com.

They’ve got your back and are always ready to assist you! Although Paytm Money’s customer support might not be completely free of charge, the company gives users a number of various methods to get in touch with its staff to receive timely help and guidance.

Paytm Money Complaints & Feedback

Total Complaints Lodged

195

Total Complaints Resolved

172

% of Resolved Complaints

88.21%

Non Actionable Complaints

18

% of Non Actionable Complaints

9.23%

Paytm Money has bumped into a total of 195 lodged complaints, of which 172 have been successfully resolved, resulting in an impressive resolution rate of 88.21%.

While most complaints have been well addressed, a small portion of issues may have been classified as non-actionable, indicating that resolution needed to be more feasible or within the platform’s control.

Nonetheless, Paytm Money’s high-resolution rate reflects its commitment to addressing customer concerns and improving overall user satisfaction.


Paytm Money Charges

Paytm Money has a transparent fee structure with distinct charges for different services.

  • To open an account, there is a fixed charge of Rs. 200. In fact, Paytm Money account opening charges are the lowest.
  • However, the platform offers the benefit of free annual maintenance charges (AMC), ensuring that users can manage their accounts without incurring any additional fees.
  • When it comes to equity delivery, a fee of 0.1% is levied on both buying and selling transactions.
  • For equity intraday trading, the charge is 0.025% on the sell amount.
  • Similarly, for equity futures, the fee is 0.0125% on the sell amount.
  • When trading equity options, a charge of 0.0625% is applied to the premium upon sale.

Also, you might come across some sneaky Paytm Money’s hidden charges available there.

Paytm Money Account Opening Charges

Account Opening Charges

Rs.200

Annual Maintenance Charges (AMC)

Free

Paytm Money STT & CTT Charges

Equity Delivery

0.1% on buy & sell

Equity Intraday

0.025% on sell

Equity Future

0.0125% on sell

Equity Option

0.0625% on sell (on premium)

Commodity Future

NA

Commodity Option

NA

Currency Future

NA

Currency Option

NA

Paytm Money Stamp Duty Charges

Equity Delivery

0.015% on buy

Equity Intraday

0.003% on buy

Equity Future

0.002% on buy

Equity Option

0.003% on buy

Commodity Future

NA

Commodity Option

NA

Currency Future

NA

Currency Option

NA

Paytm Money Transaction Charges

Equity Delivery

0.00345% (NSE) & 0.00375% (BSE)

Equity Intraday

0.00345% (NSE) & 0.00375% (BSE)

Equity Future

0.002% (NSE & BSE)

Equity Option

0.053% (on premium)

Commodity Future

NA

Commodity Option

NA

Currency Future

NA

Currency Option

NA

Paytm Money Pledge Charges

Pledge Creation Charges

Rs.15 per Request

Pledge Invocation Charges

Rs.15 per Request

Interest on Margin Trading

0.049% per day

Paytm Money Hidden Charges

SEBI Turnover Charges

Rs.10/ Crore (All Segment)

DP Charges

Rs.13.5 per Scrip only on Sell

GST

18% on (Brokerage + SEBI + Transaction charges)

Account Closure Charges

Nil

Reactivation Charges

Nil

Dematerialisation Charges

Rs.250 per 100 Certificate

Call & Trade Charges

Rs.100 per Trade


Paytm Money Review – Conclusion

Paytm Money is your go-to platform for stock market trading. It’s been gaining popularity among investors who appreciate its user-friendly interface and easy accessibility.

Whether you prefer using the Paytm Money app or the trading system, you’ll find a wealth of resources, tools, and services right at your fingertips.

Plus, the folks at Paytm Money are dedicated to promptly addressing customer concerns and keeping things transparent regarding costs.

Based on the Paytm Money review, you can expect a delightful experience with this broker. So why not give it a shot and see for yourself?


FAQs on Paytm Money

Here are various FAQs related to Paytm Money Review.

Is Paytm Money a safe broker?

Yes, Paytm Money is a safe broker. After all, the broker is SEBI-certified, ensuring the security of user funds and personal information.

Is Paytm Money Good for Beginners?

Paytm Money is suitable for beginners. After all, it is a user-friendly platform, plus educational resources help them a lot to get started.

How many active clients does Paytm Money have?

Paytm Money has a great number of active clients. However, the exact figure needs to be specified. But on average, the platform caters to over 6 lakh clients.

Who is the founder of Paytm Money?

Vijay Shekhar Sharma is the mastermind behind Paytm, and Paytm Money is also one of his genius makings.

Does Paytm Money provide free delivery for trading?

No, Paytm Money does not provide free delivery. For that reason, there are charges associated with equity delivery transactions.

What are intraday trading charges in Paytm Money?

To give you a heads-up about Paytm Money’s intraday trading charges. They work in a pretty straightforward way.

They’re calculated as a percentage of the sale amount. Currently, it is set at Rs.15 per trade or 0.05% (whichever is lower).

What are Paytm Money F&O charges?

Paytm Money has charges for futures and options (F&O) trading. Simply put, Equity Future charges Rs. 15 per trade or 0.02% (whichever is lower). Similarly, equity option charges are Rs. 15 per trade.

Does Paytm Money charge for commodity trading?

Paytm Money might ask for a little something in return for letting you trade commodities. But currently, the asset is absent.

Does Paytm Money charge for currency trading?

Unfortunately, currency trading is absent on the platform. But in the future, the broker can indeed include it.

Does Paytm Money provide research?

Paytm Money hooks you up with research tools and nifty resources to help you confidently make those money moves.

How do I contact Paytm Money customer care?

If you need any help, feel free to contact Paytm Money’s customer care. They’ve got you covered through different channels like phone and email.

How much is AMC in Paytm money?

At Paytm Money, you don’t have to worry about those pesky annual maintenance charges (AMC) because they’re free!

What are account opening fees in Paytm Money?

They do charge a fixed amount as account opening fees. In other words, users will be paying Rs 200 upfront to open an account and be good to go.

What are pledge creation charges in Paytm Money?

Paytm Money has pledge creation charges that start at Rs 15 per request.

How much are pledge invocation fees in Paytm money?

Paytm Money has pledge creation charges set at Rs 15 per request.

Does Paytm Money levy any interest on margin trade funding?

Yes. Paytm Money levies interest on margin trade funding. Presently, the broker charges 0.049% per day.

What are DP charges in Paytm Money?

The DP charges at the Paytm Money trading platform are Rs.13.5 per scrip only on sale.

Does Paytm Money levy any account closure fees?

No. Paytm Money doesn’t levy any account closure fees. Luckily, leaving the platform whenever you wish to take an exit is free.

What are account reactivation fees in Paytm Money?

If you make up your mind again and want to re-activate your account at Paytm, you can join for free.

What are call and trade charges in Paytm Money?

The call and trade charges in Paytm Money are Rs 100 per trade only. But it tends to vary in certain scenarios.


 

Customer ratings and reviews of Paytm Money

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