What are Paytm Money Brokerage Charges? Stock Trading

Short Answer

Paytm Money, an emerging stock broker offers a Demat trading account to investors and traders at a fairly reasonable cost. In reality, nothing comes free of cost, may it be brokerage services or any other for that matter, you'll be charged one way or the other. So, let's see what all charges you have to bear while trading through this stock broker in India.

Detailed Answer

So, here we have described in detail the charges of Paytm Money brokerage such as Intraday, Delivery, Derivatives (F&O), Commodities and Currency.

Paytm Money Brokerage Charges

1.Brokerage fee for equity delivery is Nil.

2.Equity Delivery is 0.05% of turnover or ₹10 whichever is lower.

3.For equity future and options brokerage charges is 0.05% of turnover or ₹10 whichever is lower.

4.For commodity options and currency F&O, brokerage charges are 0.05% of turnover or ₹10 whichever is lower.

5.For doing trading with Paytm money, a marginal amount of zero can be maintained. 

Paytm Money Other Charges:

Here the comprehensive review of other charges:

1.Exchange Turnover Charges is 0.00325% of turnover for NSE and 0.003% of turnover for BSE.

2.GST charged 18% on Brokerage and Exchange Turnover Charges. 

3.For Intraday Security Transaction Charges (STT) is 0.025% of turnover on sell orders. 

4.For Delivery Security Transaction Charges (STT) is 0.1% of turnover on buy and sell orders.

5.SEBI Turnover Fees is 0.0005% of turnover.

6.For Intraday Stamp Duty is 0.003% of turnover on buy orders. 

7.For Delivery, Stamp Duty is 0.015% of turnover on buy orders.

8.Trading Account AMC (Account Maintenance Charges) is Nil.

9.Pledging Charges is Rs. 32 (including the depository transaction charges)

10.DP (Depository participant) charges is Rs. 10/- per scrip per day

11.Payment Gateway ( Net Banking) is Rs. 10/-

12.Payment Gateway (UPI) fee is Nil.

All these charges are the very negligible amount so it does not affect profit or loss of trading. 

Paytm Money Exposure/Leverage

Paytm offer its customers with the following margin values:

1.The higher exposure offered by Paytm Money is in the category of Equity Intraday and i.e. up to 20x. 

2.The lower exposure offered by the Paytm Money is in the category of Currency Future and i.e up to 2x.

3.The other exposures offered by the Paytm money in different categories such as Equity Options up to 5x, Equity Delivery up to 4x, and Equity Futures up to 3x. 

If we compare the brokerage charges of Paytm Money with other full-service brokers like Angel Broking, ICICI Direct, Sharekhan etc., it's relatively lower. Even it is very competent in the category of discount brokers. 

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Discussion (2)

    Being a new player amongst the country's stockbrokers, Paytm Money is offering relatively lower brokerage charges compared to its competition. It's to lure in more users onto the platforms. However, it will need to improve the tools required for trading in the stock market. Its competition has already rolled out highly accurate tools to help its user base to have the best trading experience. let's wait and watch what Paytm has to offer for its customers.

    Paytm Money offer a very low brokerage fee. I have used many full service brokers before Paytm Money but Paytm Money is relatively a cheap option for me. They also charge various service charges such as payment gateway fee and all but they are also very reasonable.

Related FAQs

Is Paytm Money Safe and reliable Broker for Stock Trading & Investing?

Yes, it is completely safe to invest your money in the stock market using Paytm money App. In fact, PayTm has come up with stock broking services recently and trying to establish itself in the said field. And, to give tough fight to top existing players it has to keep its services up to the mark. Paytm Money made a big name in mutual fund investment industry and now it's time to see its performance in the stock brokers' world.

How to Open a Trading & Demat Account with Paytm Money?

To open a Paytm Demat Account you do not need to make a lot of efforts. You can simply do it online which spares you from standing in a long waiting queue in the branch of the broker house. These days online and offline account opening has become all the more easy.

What is Paytm Money? Investment & Trading Platform

Paytm has added its name to the stockbroking industry all through its new platforms “Paytm Money.” The platform was rolled out to customers earlier in September 2020 and had since then exploded amongst traders/investors to see the offerings set up by the company.

Angel Broking vs. Paytm Money - Which is better?

Angel Broking and Paytm Money both these platforms are popular among traders. But if you are a beginner or if you want to switch to a new trading platform and you are considering choosing one of these two, and then you came to the right place.

What are advantages of Opening Demat and Trading account with Paytm Money?

There are plenty of advantages in choosing Paytm Money to open a Demat account and trading account with the stock broker. Some of the advantages include robust trading applications with web integration, 190+ banks supported for an easy transaction, net banking facilities, a low brokerage fee of 20 rupees, etc.

What are disadvantages of Opening Demat and Trading account with Paytm Money?

With every stock broker, including the likes of Paytm Money, some disadvantages might be a trade-off in choosing them. These include the unavailability of trading with currency and commodities, trading in futures is still not available, the trading platform isn't robust, etc.

How much money do I need to start Stock Trading in India?

Its all based on the share you wish to purchase. You can invest one rupee or two rupees in the stock market while there is no maximum cap on your investment.

Is Paytm Money better than Zerodha?

You wish to know if Paytm Money is better that Zerodha or it's the other way round. Zerodha being a leading discount broker in India has been there for overe a decade now. While Paytm Money already established in mutual fund investment arena, but a fairly new entrant in stock broking industry. So, let's compare the features and discuss few details on each of them.

What are ICICI Direct Demat Account Charges? Account Opening & Brokerage

The opening charges of an ICICI Demat account is zero. However, the Demat account's annual maintenance charges are 700 rupees per annum, and the trading account opening charges are 975 rupees per annum.

Is Stoxkart safe and reliable for Stock Trading & Investing?

Stoxkart is a safe and reliable brokerage house in India. Stoxkart is a SEBI registered broker and depository participant of CDSL to offer Demat account opening services to its clientele base.