Frequently Asked Questions
1. How Paytm Money works?
Paytm Money is a low-cost online discount brokerage firm offering investment products in mutual funds, stocks, IPO, NPS, Digital gold, and Derivatives. Paytm Money charges Rs 200 for account opening and has zero maintenance charges.
To utilize 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 platforms 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.
2. How much does Paytm Money charge for trading?
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.
Paytm Money Trading Charges
| 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, and 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 platforms:
- Paytm Money trading app: Available for Android and Apple smartphones.
- Paytm Money website: A web-based trading platform accessible from desktop, laptop, computer, or phone with a browser.
4. How is Paytm Money?
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 an investor-first approach.
5. How to invest in Paytm Money?
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.
6. Is Paytm Money a Chinese app?
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.
7. How to close Paytm money account?
Paytm Money account (trading and demat) can be closed easily by submitting an account closure request. Note that the account closure request has to be couriered in paper format. The Paytm Money account cannot be closed online, by phone, or by email.
Steps to delete/close the Paytm Money account:
- Visit the Paytm Money website.
- Click on Products >> Stock Market.
- Go to the bottom of the screen and click on Download Centers under the Support section.
- Download the Account Closure Request form.
- Fill in the required details and mention the reason for the closure.
- Send the signed form to the address mentioned on the form.
Please make sure there are no securities or outstanding dues on your account before initiating the account closure request.
8. Is Paytm Money good for trading?
Paytm Money is a stock trading service of the Paytm app. It is one of the low-cost online discount brokers in India. The company offers brokerage-free Equity Delivery trading and mutual fund investments. Paytm Money is a registered member of SEBI, BSE, NSE, and CDSL.
Paytm Money is good for stock market investors who can buy and sell stocks online by themselves with no help from the broker. Paytm offers a mobile trading app and trading website. Unlike full-service brokers, Paytm Money does not offer local branch support, research and recommendations, RM support, and wealth management products.
Paytm Money offers to invest across multiple asset classes like ETF, IPO, F&O, and NPS retirement funds other than Stocks and MF. The company provides trading platforms at an annual charge of Rs 300 through mobile and web platforms for safe and secured trading.
The maximum brokerage charged by the broker for Equity Intraday and F&O is Rs 10 per executed order.
9. Is Paytm Money a broker?
Yes, Paytm Money is a SEBI registered discount broker and a member of NSE and BSE. The company offers online trading and investment services to its customers.
Paytm Money is a stock broker. It was incorporated in September 2017. It offers trading in Equity, F&O, Mutual Funds, IPO, and NPS Retirement Funds. It is a wholly-owned subsidiary of Paytm, India's largest digital goods and mobile platform.
Paytm Money is also a SEBI registered Investment Advisor, a depository participant member of CDSL, and a Pension Fund Regulatory and Development Authority (PFRDA) registered point of presence to offer National Pension Services (NPS).
10. Do task and earn Paytm money?
Paytm Money offers its customers an affiliate partner program. Under the affiliate program, customers can earn money by performing simple tasks such as recommending Paytm Money to their family, friends, and contacts.
When opening an account through such referrals, customers receive rewards and profit sharing.
This feature is available every time an account is opened and any Paytm Money customer can make referrals and earn money.
11. How is Paytm money for trading?
Paytm Money is a SEBI registered investment advisor (IA) providing investment execution and advisory services. The company has a depository participant membership with CDSL and is also a member of NSE and BSE.
The company started with mutual funds and has since expanded its offerings to include investment securities such as equities, IPO investments, and ETFs.
The broker offers its services through its online trading and investment platforms.
12. How to start intraday trading in Paytm money?
Intraday trades are trades where the trader does not want to hold the position overnight.
Here the trade is squared-off either by the trader himself or by the broker at the end of the trading day.
To start intraday trading with Paytm Money, please follow the steps below:
- Open your Paytm Money app and log in to your account.
- Find the stock you want to trade in the search bar and select it.
- Select Trade Option to place an intraday order.
- Enter information such as quantity and price.
- You can choose from advanced options such as stop loss, bracket, or cover order.
- Place the order by clicking BUY/SELL at the bottom.
- You can check the progress of your order in the app.
13. Is it safe to invest in Paytm money?
Yes, Paytm Money is a safe and trusted stock broker operating in India.
Paytm Money is registered with SEBI and provides brokerage services to its clients. It is a discount brokerage firm established in 2017. The company has a Depository Participant Membership with CDSL with the DP number 12088800.
Paytm Money clients can invest and trade in securities such as mutual funds, equities, NPS retirement funds, and IPOs.
14. Is Paytm money a discount broker?
Paytm Money is an Investment Adviser (IA) providing investment services.
The company strives to create wealth creation opportunities for investors in India.
It originally started with only direct mutual funds, which has now expanded to several services such as equity, IPO, NPS, and Retirement Funds investment.
15. Is Paytm money good for investment?
Paytm Money is a subsidiary of One97 Communications Ltd, which also created the Paytm brand, India's largest mobile payments and commerce platform.
When you connect with Paytm Money, you get the trust of Paytm.
All of Paytm Money processes, from account opening to account maintenance, are hassle-free and convenient. There is no physical verification or commitment required when you open a new account or place trades.
Paytm Money offers a wide range of securities for you to invest in. The investment process is very simple. Customers can invest in stocks, direct mutual funds, NPS Retirement Funds, and more.
16. What is Paytm money investment?
Paytm Money is a SEBI registered investment advisor (IA). It offers services like investment execution along with advisory services.
The company started this journey in 2017 after the success of Paytm, a mobile payment and trading platform.
Paytm Money offers a variety of investments for customers to choose from.
Originally, the company started with direct investments in mutual funds. With Paytm Money, there are no commissions or fees for investing in mutual funds.
