Paytm Money Brokerage Charges Review

Created on 13 Oct 2023

Wraps up in 5 Min

Read by 846 people

Updated on 30 Nov 2023

If you are looking for a low-cost broker that offers direct mutual funds, you might want to check out Paytm Money. It is an online discount stock broker based in Bangalore, India. It was founded in 2017 by One97 Communications Ltd., the parent company of Paytm. In this Paytm Money Brokerage Charge Review 2023, we will explore the features, benefits, drawbacks, and fees of this broker and help you decide if it is suitable for your trading and investing needs.

Overview of Paytm Money

Paytm Money is a stock broking company that allows you to trade and invest in various segments of the Indian stock market, such as equity cash, equity delivery, futures and options, and currency derivatives. It is a member of NSE and BSE, has a depository membership with CDSL, and is regulated by SEBI. Paytm Money claims to offer the lowest brokerage charges in India, with the maximum brokerage charge per trade being ₹20. It also offers free equity delivery trading and direct mutual fund investments.

One of the highlights of Paytm Money is its direct mutual fund platform, which lets you invest in mutual funds without paying any commission or fees. 

Paytm Money also provides various trading platforms for its customers, such as a web-based platform and a mobile app. Both of these platforms are designed to be fast, user-friendly, and feature-rich. You can access real-time market data, advanced charting tools, technical indicators, scanners, screeners, alerts, and more on these platforms.

What are the fees and charges of Paytm Money?

Equity Delivery

₹20 or 2.5% of turnover (whichever is lower)

Equity Intraday

₹20 or 0.05% of turnover (whichever is lower)

Equity Future

₹0.01 up to ₹20 per Executed Order

Equity Options

₹20 per order

Call & Trade Charges


Apart from the above charges, you should know that there are no account opening charges. Also, there is zero platform fee for the first year, and zero brokerage fee is applicable for all Equity Delivery, Intraday, Futures, and Options orders for the first 10 days for everybody who opens their account on Paytm Money. But, you must know that the account maintenance charge of ₹300 is charged after 3 months of free look period for customers.

And there are some other charges applicable as well, which are as follows:

For Equity

Exchange Turnover Charges

0.00345% of turnover for NSE and 0.00375% of turnover for BSE

Security Transaction Tax (STT)

0.1% of turnover on buy and sell orders

SEBI Turnover Fees

0.0001% of turnover

Stamp Duty

0.015% of turnover on buy orders


18% on Brokerage, SEBI and Exchange Turnover Charges

For Futures

Exchange Turnover Charges

0.002% of turnover for Futures

Security Transaction Tax (STT)

0.01% of turnover on sell orders

SEBI Turnover Fees

0.0001% of turnover


18% on Brokerage, SEBI and Exchange Turnover Charges

Brokerage on expired contracts

0.02% of turnover or ₹10/- per Executed Order, whichever is lower

Stamp Duty

0.002% of turnover on buy orders

For Options

Exchange Turnover Charges

0.053% on Option premium

Security Transaction Tax (STT)

0.05% on Sell Side (Premium)

SEBI Turnover Fees

0.0001% on Turnover (Premium)


18% on Brokerage, SEBI and Exchange Turnover Charges

Brokerage on expired contracts

₹10/- per position

Stamp Duty

0.003% of turnover (Premium) on buy orders

Other than this, there is also a monthly platform fee of ₹30.

Trading Platforms by Paytm Money

1. Paytm Web Trading Platform

2. Paytm Money Mobile Application

In summary, both the Paytm Web Trading Platform and the Paytm Money Mobile Application are comprehensive trading platforms that offer a wide range of features and tools for traders of all levels. The key difference is that the web platform is more suited for desktop users, while the mobile app is designed for on-the-go trading.

Benefits of Paytm Money

Paytm Money has many benefits for traders and investors who are looking for a low-cost broker with direct mutual funds. Some of the benefits are:

In simpler terms, the platform is secure, easy to use, helpful, affordable, convenient, and versatile.

Drawbacks of Paytm Money

Paytm Money also has some drawbacks that you should be aware of before opening an account with it. Some of the drawbacks are:

Our Final Verdict

Paytm Money is a discount broker that offers a simple pricing model of a flat ₹20 brokerage per order across all trading segments, without any hidden charges. It is an excellent option for investors who are looking for a low-cost and transparent brokerage platform. However, it is essential to note that Paytm Money does charge other transaction and regulatory fees, such as platform usage fees, auto square-off charges, physical statement charges, payment gateway fees, and delayed payment fees.

These fees can accumulate over time, and investors should be aware of them before opening an account.

In summary, Paytm Money is a reliable choice for investors who prefer a low-cost and transparent brokerage platform. If you are interested in opening an account with Paytm Money or any other broker in India, you can visit Select by Finology. This platform enables you to compare different brokers, their features, and even their brokerages. Visit today!