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Does Paytm Money need a Demat account?

Paytm Money Account Opening

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Yes, you need a Demat account to trade and invest in the stock market through Paytm Money. Paytm Money Demat account is an online account where Paytm Money customers can keep their shares, mutual funds, and an ETF in electronic format.

A customer requires two accounts with a broker to trade or invest online:

  1. Trading Account
  2. Demat Account

The trading account helps you to place buy and sell orders. The demat account holds the securities you bought in electronic format for a quick, easy and secure online transaction.

 

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