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There are over 4,800 brokers registered with the SEBI as of 01 October 2024. With so many options to choose from, finding the right one can be challenging. However, there is one criterion you can use to make your decision easier: Brokerage!
These charges are part and parcel of investing and vary across brokers. Different trade types also have different brokerage charges. Feeling a little overwhelmed? Don't worry! You can find out the exact charge of any transaction using the Paytm Money Brokerage Calculator.
Coverings:
- Paytm Money Charges
- Paytm Money Brokerage Charges
- Paytm Money Brokerage Calculator
- Paytm Money vs Groww: Brokerage Comparison
Paytm Money is a discount broker with more than 7.35 lakh active clients as of August 2024. It offers a user-friendly platform, and you can use it to trade in multiple instruments, including:
- Stocks
- Mutual Funds
- Futures & Options
Paytm Money is known for its competitive brokerage model. It charges a flat brokerage fee capped at ₹20 per order. However, before choosing Paytm Money as your broker, you need to understand what the platform charges as a brokerage and how it is calculated. So, let's get on with it!
Paytm Money Charges
|
Category |
Charges |
|
Account Opening |
₹0 |
|
Account Maintenance Charges (AMC) |
₹0 |
Paytm Money Brokerage Charges
Here is a breakdown of what Paytm Money charges for all trades:
|
Category |
Equity Delivery |
Equity Intraday |
Futures |
Options |
|
Brokerage |
2.5% or ₹20 (whichever is lower) |
0.05% or ₹20 (whichever is lower) |
0.02% or ₹20 (whichever is lower) |
Upto ₹20 |
|
Exchange Charges |
|
|
|
|
|
Security Transaction Tax (STT) |
Buy: 0.1% Sell: 0.1% (of turnover) |
0.025% (Sell) |
0.02% (Sell) |
0.1% (Sell) |
|
SEBI Charges |
0.0001% of turnover |
0.0001% of turnover |
0.0001% of turnover |
0.0001% (on options premium) |
|
GST |
18% on Brokerage, SEBI and Exchange Charges |
18% on Brokerage, SEBI and Exchange Charges |
18% on Brokerage, SEBI and Exchange Charges |
18% on Brokerage, SEBI and Exchange Charges |
|
Contribution to IPFT |
NSE: 0.0001% (of turnover) |
NSE: 0.0001% (of turnover) |
NSE: 0.0001% |
NSE: 0.0005%
|
|
Stamp Duty |
0.015% (Buy) |
0.003% (Buy) |
0.002% (Buy) |
0.003% (Buy) |
|
Brokerage on expired contracts |
NA |
NA |
0.02% or ₹10 (whichever is lower) |
₹10 per position |
Note:
- Additional ₹50 + GST for system auto square off
- Customers on older brokerage charges continue to remain on the same charge
- Customers residing in Sikkim are exempt from Stamp Duty charges
Now that you know the different applicable charges, let's move on to understanding how these are calculated.
Paytm Money Brokerage Calculator
Here are some examples to help you figure out the calculator better:
1. For Equity Intraday
Suppose you are buying 50 shares worth ₹1,500 each on NSE. Now, here is how much brokerage you will end up paying:
|
Category |
Charge |
|
Turnover |
₹75,000 |
|
Brokerage |
₹20 |
|
Exchange Charges |
₹2.44 |
|
Security Transaction Tax (STT) |
NA, since it's a buy transaction |
|
SEBI Charges |
₹0.075 |
|
GST |
₹4.05 |
|
Contribution to IPFT |
₹0.075 |
|
Stamp Duty |
₹2.25 |
|
Total Charges |
₹28.89 |
|
Total Debit |
₹75,028.89 |
Let's break down how these charges are calculated:
|
Category |
Calculation |
Value |
|
Turnover |
50 x ₹1,500 |
₹75,000 |
|
Brokerage* |
0.05% x Turnover or ₹20 |
0.05% x ₹75,000 = ₹37.5 or ₹20 |
|
Exchange Charges |
0.00325% x Turnover |
0.00325% x ₹75,000 = ₹2.44 |
|
SEBI Charges |
0.0001% x Turnover |
0.0001% x ₹75,000 = ₹0.075 |
|
GST |
18% on Brokerage, SEBI and Exchange Charges |
18% (₹20 + ₹2.44 + ₹0.075) = ₹4.05 |
|
Contribution to IPFT |
0.0001% x Turnover |
0.0001% x ₹75,000 = ₹0.075 |
|
Stamp Duty |
0.003% x Turnover |
0.003% x ₹75,000 = ₹2.25 |
|
Total Charges |
Brokerage + Exchange Charges + STT + SEBI Charges + GST + Contribution to IPFT + Stamp Duty |
(₹20 + ₹2.44 + ₹0 + ₹0.075 + ₹4.05 + ₹0.075 + ₹2.25) = ₹28.89 |
|
Net Debit |
Turnover + Total Charges |
₹75,000 + ₹28.89 = ₹75,028.89 |
Note: *Applicable brokerage is ₹20 since it is lower than 0.05% of turnover. So, this is how Paytm Money's brokerage charges are calculated for equity intraday trades.
2. For Futures Intraday
Suppose you are buying a futures intraday contract of 20 shares worth ₹1,000 each on NSE. Now, here is how much brokerage you will end up paying:
|
Category |
Charge |
|
Turnover |
₹20,000 |
|
Brokerage |
₹4 |
|
Exchange Charges |
₹0.376 |
|
Security Transaction Tax (STT) |
NA, since it's a buy transaction |
|
SEBI Charges |
₹0.02 |
|
GST |
₹0.79 |
|
Contribution to IPFT |
₹0.02 |
|
Stamp Duty |
₹0.4 |
|
Total Charges |
₹5.61 |
|
Net Debit |
₹20,005.61 |
Let's break down how these charges are calculated:
|
Category |
Calculation |
Charge |
|
Turnover |
20 x ₹1,000 |
₹20,000 |
|
Brokerage* |
0.02% x ₹20,000 or ₹20 |
0.02% x ₹20,000 = ₹4 or ₹20 |
|
Exchange Charges |
0.00188% x Turnover |
0.00188% x ₹20,000 = ₹0.376 |
|
SEBI Charges |
0.0001% x Turnover |
0.0001% x ₹20,000 = ₹0.02 |
|
GST |
18% on Brokerage, SEBI and Exchange Charges |
18% ( ₹4 + ₹0.376 + ₹0.02) = ₹0.79 |
|
Contribution to IPFT |
0.0001% x Turnover |
0.0001% x ₹20,000 = ₹0.02 |
|
Stamp Duty |
0.002% x Turnover |
0.002% x ₹20,000 = ₹0.4 |
|
Total Charges |
Brokerage + Exchange Charges + STT + SEBI Charges + GST + Contribution to IPFT + Stamp Duty |
(₹4 + ₹0.376 + ₹0.02 + ₹0.79 + ₹0.02 + ₹0.4) = ₹5.61 |
|
Net Debit |
Turnover + Total Charges |
₹20,000 + ₹5.61 = ₹20,005.61 |
Note: *Applicable brokerage is ₹4 since it is lower than ₹20
So, this is how Paytm Money's brokerage charges are calculated for futures intraday trades.
3. For Options Intraday
Suppose you are selling an options intraday contract of 30 lots worth ₹1,200 each on BSE. Now, here is how much brokerage you will end up paying:
|
Category |
Charge |
|
Options Premium |
₹36,000 |
|
Brokerage |
₹20 |
|
Exchange Charges |
₹17.82 |
|
Security Transaction Tax (STT) |
₹36 |
|
SEBI Charges |
₹0.036 |
|
GST |
₹6.81 |
|
Contribution to IPFT |
₹0 |
|
Stamp Duty |
NA, since it's a sell transaction |
|
Total Charges |
₹80.67 |
|
Total P&L |
₹35,919.33 |
Let's break down how these charges are calculated:
|
Category |
Calculation |
Charge |
|
Options Premium |
30 x ₹1,200 |
₹36,000 |
|
Brokerage* |
Up to ₹20 |
₹20 |
|
Exchange Charges |
0.0495% x Options Premium |
0.0495% x ₹36,000 = ₹17.82 |
|
STT |
0.1% x Options Premium |
0.1% x₹36,000 = ₹36 |
|
SEBI Charges |
0.0001% x Options Premium |
0.0001% x ₹36,000 = ₹0.036 |
|
GST |
18% on Brokerage, SEBI and Exchange Charges |
18% (₹20 + ₹17.82 + ₹0.036) = ₹6.81 |
|
Contribution to IPFT |
0.00% x Options Premium |
0.00% x ₹36,000 = ₹0 |
|
Stamp Duty |
Buy: 0.003% x Options Premium |
NA, since it's a sell transaction |
|
Total Charges |
Brokerage + Exchange Charges + STT + SEBI Charges + GST + Contribution to IPFT + Stamp Duty |
(₹20 + ₹17.82 + ₹36 + ₹0.036 + ₹6.81 + ₹0) = ₹80.67 |
|
Total P&L |
Options Premium - Total Charges |
₹36,000 - ₹80.67. = ₹35,919.33 |
Note: *Applicable brokerage is taken as ₹20, which is the highest applicable brokerage. So, this is how Paytm Money's brokerage charges are calculated for options intraday trades.
Paytm Money vs Groww: Brokerage Comparison
All brokers don't charge the same brokerage fee. Therefore, if you change your broker, then your brokerage charges will also change. Here's an example comparing Paytm Money and Groww to help you understand.
Suppose you are buying an equity intraday trade of 10 shares worth ₹1,000 each.
Now, here is how much brokerage you will end up paying:
- Total Turnover = No. of shares x Price per share = ₹10,000
- Exchange = NSE
|
Category |
Paytm Money |
Groww |
|
Account Opening |
₹0 |
₹0 |
|
AMC |
₹0 |
₹0 |
|
Brokerage |
0.05% or ₹20 = ₹5 |
0.1% or ₹20 = ₹10 |
|
Exchange Charges |
0.00325% = ₹0.325 |
0.00297% = ₹0.297 |
|
STT |
NA |
NA |
|
SEBI Charges |
0.0001% = ₹0.01 |
0.0001% = ₹0.01 |
|
GST |
18% (₹5 + ₹0.325 + ₹0.01) = ₹0.96 |
18% (₹10 + ₹0.297 + ₹0.01) = ₹1.86 |
|
Contribution to IPFT |
0.0001% = ₹0.01 |
0.0001% = ₹0.01 |
|
Stamp Duty |
0.003% = ₹0.03 |
0.003% = ₹0.03 |
|
Total Charges |
₹6.33 |
₹12.21 |
|
Net Debit |
= Total Turnover + Total Charges |
= Total Turnover + Total Charges |
Paytm Money's brokerage charges are less than Groww's for the same transaction. So, it may seem like Paytm Money is the better choice, but… brokerage is just one of the many factors to be considered before choosing a broker. Compare all the features and services offered by Paytm Money and Groww here!
Conclusion
Paytm Money was established in 2017 by Paytm's parent company, One97 Communications. It allows you to invest in stocks, Mutual Funds, National Pension Schemes, and other financial products. It only has one plan and offers free account opening and maintenance. However, before choosing Paytm Money as your broker, find out the exact fees charged by it with Select.
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