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62.07% 139,099 Clients
Incorporated in 2017, Paytm Money Limited (commonly known as Paytm Money) is a Bengaluru based discount brokering firm. Paytm Money is a wholly-owned subsidiary of India's largest and leading digital goods and mobile platform, One97 Communications Ltd that also owns the Paytm brand. Paytm is an RBI-approved Indian e-commerce payment system.
Paytm Money is a SEBI registered stockbroker and an Investment Advisor. The company has a depository participant membership of CDSL and is also a member of NSE and BSE. Paytm Money initially started as a direct mutual fund investment platform. In the late 2020s, Paytm Money expanded its product offering to include a pension scheme, Equity trading, IPO investment, ETF's, and digital gold. The company has recently launched F&O trading services on its trading platform.
Paytm Money offers competitive charges for trading with free Equity Delivery trading. Paytm Money offers Free Mutual Fund services with no charges to invest or redeem the mutual funds.
Paytm Money has its own trading platform called Paytm Money (web and mobile trading app) that offers a seamless trading experience to its investors. It is a safe and secure app with bank-level data security. Paytm Money claims to be a leader and pioneer in low-cost investing with a strong customer base of 60+ lakh users as of Dec 2020.
Paytm Money is an online discount broker. It does not offer any tips or recommendations on stock trading. Being a SEBI registered Investment advisor, Paytm Money offer advisory services in the form of investment packs that consists of 3-5 mutual funds. Paytm Money has informative blogs and announcements related to personal finance, capital markets, the latest feature updates, a product launch that create investor awareness and help them make informed and better decisions on their investments.
Key Highlights of Paytm Money
It provides investment in Digital gold, ETF, IPO, F&O, and NPS retirement funds other than Stocks and MF.
Get free equity delivery trading (no brokerage) and pay flat Rs 10 brokerage for Intraday and F&O trades. Rs 0 AMC for your demat account. To open an account with Paytm Money, simply Open Online Account or request a callback.
Paytm Money follows a fixed brokerage model wherein it charges a flat Rs 10 or 0.05% (whichever is lower) per executed order. The maximum brokerage chargeable per order is Rs 10.
|
Trading Segment |
Brokerage Charges |
|---|---|
|
Equity Delivery |
Rs 0 (Free) (minimum Rs 0.01 per executed trade) |
|
Equity Intraday |
Rs 10 per executed order or 0.05% whichever is lower |
|
Equity Future |
Rs 10 per executed order |
|
Equity Options |
Rs 10 per executed order |
You are also required to pay other transaction and regulatory charges, Demat charges in addition to the brokerage.
Other charges levied by Paytm Money include:
Visit Paytm Money Brokerage Charges Review for more detail.
Paytm Money offers only digital account opening to its customers. It is a simple, instant, and 100% paperless process. The company charges Rs.200 as account opening charges with zero maintenance charges. To open the trading and Demat account with Paytm Money, you need to download the Paytm Money mobile app or register yourself on the company website and complete the setup.
Paytm Money is an online broker with one branch. The company does not offer an offline account opening.
Paytm Money offers its customers to trade via mobile and web. An investor can transact seamlessly switching between the Paytm Money app and website. The company provides stockbroking services to invest across multiple asset classes like Equity, Digital gold, IPO, mutual funds, NPS, F&O, and ETF through its robust trading platforms - Paytm Money web and Paytm Money mobile application. The company also offers call and trade services to its customers. Paytm Money does not have an installable trading terminal on the desktop.
The mobile trading platform of Paytm Money allows you to trade anytime from anywhere at your fingertips. An investor has to pay Rs 300 per annum for the trading platform usage of the Cash segment. Paytm Money is a safe and secured app with a host of features like live market data, watchlist, Stock SIPs, price alerts, market depth, advanced charts, complete information about all companies, etc.
Paytm Money website platform is an online web-based trading platform that allows clients to explore stocks, mutual funds, digital gold, retirement funds, and Equity derivatives. The online trading platform helps place orders online, track transactions, invest in IPO's, and much more.
Visit Paytm Money Trading Software Review for more detail.
The following are the advantages of Paytm Money. You must read Paytm Money advantages and disadvantages before opening an account with Paytm Money. Paytm Money pros and cons help you find if it suits your investment needs.
The following are the cons of Paytm Money. Check the list of Paytm Money drawbacks.
Paytm Money margin for intraday trading is up to 6x based on the stock. Paytm Money F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Paytm Money F&O carry forward positions and equity delivery trades.
| Segment | Margin |
|---|---|
| Equity Delivery | 1x (no margin) |
| Equity Intraday | Up to 6x (based on the stock) |
| Equity Futures & Options | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) |
| Currency Futures & Options | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) |
| Commodity Futures | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) |
Note: As per the new margin policy by SEBI, the margin for trading will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 20x in any segment at BSE, NSE, and MCX. All full-service and discount brokers will provide the same margin exposure to customers.
| Overall Rating |  3.4/5 |
| Fees | 3.4/5 |
| Brokerage |  3.9/5 |
| Usability |  3.7/5 |
| Customer Service |  2.5/5 |
| Research Capabilities |  3.2/5 |
Based on 16 Votes by Paytm Money Customers
Do you trade with Paytm Money? Rate Paytm Money
The number of Paytm Money customer complaint received by the exchanges. The Paytm Money consumer complaint report helps understanding the Paytm Money Limited quality and relibility of service.
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
|---|---|---|---|---|
| NSE | 2021-22 | 139,099 | 9 | 0.01% |
| NSE | 2020-21 | 85,827 | 6 | 0.01% |
* The number of active customers reported by the broker.
** The total number of complaints received against the broker at the given exchange.
Visit Paytm Money Complaints at BSE, NSE and MCX for detail report.
Paytm Money is a low-cost online discount broker providing investment offerings in mutual funds, stocks, IPO, NPS, Digital gold and, Derivatives. Paytm Money charges Rs 200 for account opening and has zero maintenance charges.
To avail of the services offered by the company, you need to open a Trading and a Demat account with Paytm Money. The Demat account gets linked to your trading account. You also need to register one of your bank account details for seamless transactions. Once all the accounts are ready, you can trade with Paytm Money through any of the Paytm Money trading platform offered via the web or mobile app.
Paytm Money does not provide tips or recommendations for stocks. The company maintains all the necessary information of a company that helps to perform self-research analysis. Paytm Money is a SEBI registered Investment Advisor providing advisory services for mutual funds.
Paytm Money follows a flat fee model. It charges a lower of Rs 10 or 0.05% of trade value for Equity Intraday trades and flat Rs 10 for F&O transactions. The company offers free Equity Delivery trading.
Being an online discount broker, Paytm Money offers only online trading services to its customers. The company has no customer branch support. It relies heavily on the usage of technology to serve its customers.
Paytm Money is an online discount broker offering low-cost services to its customers. Paytm Money follows a simple pricing model based on the flat fee model.
| Segment | Brokerage Fee |
|---|---|
|
Equity Delivery |
Rs 0 (Free - Minimum Rs 0.01 per executed order) |
|
Equity Intraday |
Rs 10 per executed order or 0.05% whichever is lower |
|
Equity Futures |
Rs 10 per executed order |
|
Equity Options |
Rs 10 per executed order |
An investor has to pay other regulatory and transaction charges like STT, exchange transaction charges, GST, Stamp Duty over and above the brokerage.
Paytm Money offers a proprietary trading platform to its investors in the name of Paytm Money. Paytm Money trading platform is available on the web and as a mobile app. The company also offers call and trade services to its investors.
Paytm Money Trading platform
Paytm Money app is a mobile app by Paytm Money that is available for Android and Apple smartphones.
Paytm Money website is a web-based trading platform that can be accessed from any desktop, laptop, computer, or phone that has a web browser installed on it.
Paytm Money is a low-cost broker with commission-free investing in mutual funds. The company charges Rs 200 for account opening and has zero maintenance charges. Paytm Money has a simple pricing model with free Equity Delivery trading. The mutual fund investment at Paytm Money is free with no transaction charges or redemption charges.
Paytm Money is a SEBI registered broker and an Investment Advisor. The company is a member of NSE and BSE and has a depository participant with CDSL.
Paytm Money provides simple, safe, secure, and robust trading platforms under the brand name of Paytm Money in web and mobile versions.
Paytm Money is one of the fastest-evolving investment platforms in India. The company adds new products and features at short and regular intervals and soon aims to be a one-stop-shop for millions of India for financial services.
Overall, Paytm Money is a good broker that believes in investor first approach.
Read How safe is Paytm Money? for more details.
To start investing with Paytm Money, you need to open a trading and Demat account with Paytm Money either through the web or mobile app as a first step. Once the trading and Demat accounts are ready, you need to login into your account and start investing.
To invest in mutual funds, you need to go to the mutual funds' tab and click on Invest. Choose the desired mutual fund based on your risk profile by applying various filters and make the payment either through SIP or lumpsum mode as available for the selected scheme.
To invest in Stocks, go to the Stocks tab and click on Invest. Select the stock you need to buy or sell and place the order by inputting the desired quantity. You can place a Delivery or an Intraday order at market price or custom price. Before placing the order, ensure to have the required funds or securities in your account.
No, Paytm Money is not a Chinese app. It is an Indian app owned by the Indian company One97 Communications Limited.
Though it is not a Chinese company, it has received funding from Ant Financials that is a part of China's Alibaba group.
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Moreover nothing is free here .They charge platform fees rather than annual maintenace charges which is just the name change.
Ratings:
Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor