Paytm Money is an online investment platform that allows users to invest in stocks, mutual funds, NPS, and other financial products. The platform was launched in 2017 by One97 Communications, the parent company of Paytm, India's largest digital payments company. Paytm Money has an active client base of 7,22,755 as of October 2024.
Opening a Demat account on Paytm money is super easy. Follow the below steps:
Download the Paytm Money app and log in. If you do not have a Paytm account, you can create one using your email id and mobile number.
Fill in the required details like PAN no., address, annual income, etc., to complete your KYC.
The next step is Stock market Onboarding. Here, you are required to provide your trading preferences and trading experience.
Enter your Aadhar number on the NSDL e-sign portal. Doing this will send an OTP to your registered mobile number. Enter it to verify. This will complete the E-signing on the Account Opening Form.
Paytm Money will now register your details with the depository and exchanges. Once registered, your account will be activated for trading.
Opening a Demat account on Paytm Money is absolutely free. The broker does not charge any annual maintenance fees either. However, Rs.200 is charged for opening a trading account with Paytm Money, a one-time payment.
The demand charge charged by Paytm Money is Rs.250 per 100 shares. This amount is inclusive of the depository transaction charge.
Paytm Money uses a fixed, flat-fee brokerage plan. A lower than Rs. 10 or 0.05% of the trade value is charged for equity intraday. For futures, lower of Rs.10 or 0.02% of the trade value and an amount of Rs.10 is charged for options.
The Annual Maintenance Charges (AMC) for both trading and a demat account are absolutely free. You do not have to pay any charges.
You can check your demat account on Paytm. Log in to the app and you will find a section with “Depository Payments”. You can make all your demat account payments of CDSL from here.
When you take the delivery of shares in your demat account, Paytm Money charges Rs.0.01 per executed order.
For an intraday of equity, Paytm Money charges a minimum of 0.05% of the turnover (profits earned) or Rs.10 when the shares haven’t been debited or credited in your demat account.
For options, an amount of Rs.10 is charged and for intraday of futures, a lower of 0.02% of the turnover or Rs.10 is charged.
Yes. You can apply for an IPO on Paytm Money in 3 clicks through their website and app. The process is straightforward and is also free of cost. You can view the past and upcoming IPOs, download offer documents and detailed reports, and change your IPO application.
Paytm Money allows its users to invest their funds in mutual funds. It provides a large variety of options to choose from. Also, no hidden charges are levied, and multiple statements are provided to track your portfolio.
To close your Paytm Demat account the following details must be furnished with the account closure form:
Your ID and your Depository Participant ID.
KYC details like name and address that match with details submitted to Paytm.
The reason for closing the demat account.
Ensure that there are no dues on your account as well as no untraded securities.
A bank employee must mandatorily submit and verify the self-attested identity proof copy.
Yes, Paytm demat accounts are safe as all demat accounts are opened with Central Depository Services Limited(CDSL). Paytm acts as only an intermediary between the customer and the central depository.
To withdraw money from your Paytm Money account, proceed with the following steps:
Go to the “Accounts” section of the app/website.
Select “Manage Funds” and click “Withdraw Funds”.
Enter the withdrawal amount and choose the bank account where the funds are to be deposited.
You may have completed your KYC for Paytm Wallet or Paytm Payments Bank. However, if you are a first-time investor, you will need to complete KYC verification again on Paytm Money, as the KYC for mutual funds is a different process. However, if you have invested in mutual funds before you will already be KYC Verified. You need to give us minimal additional information to get started!
There are no charges on Mutual Fund investments made through Paytm Money. Your investments are absolutely FREE of cost - in line with our investor-first approach.
You cannot invest via Paytm Wallet. You can pay for your investments by setting up Auto Pay (one-time bank mandate) on Paytm Money app to enable one-click investments. Alternatively, you can invest using UPI, NetBanking & Debit Card of your verified bank account. Investment through credit card or wallet is not permitted at Paytm Money.
They provide a free of cost risk profile assessment, which asks you relevant questions about your age, income & goals. The result of this test will indicate which funds you can invest in.
Paytm Money makes the investing process much simpler even for avid investors such as yourself. You will find all investment information about your favourite funds in one page. You can also switch your existing portfolio to Paytm Money, and save on commissions by investing in direct plans only. Once you start investing with Paytm Money, you need not go elsewhere.
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