Paytm Money Account Opening Guide

Discount Broker Depository: CDSL

Paytm Money is one of India’s largest Investment platforms with over 7 Million registered users. In a relatively short time in this industry, they have launched pioneering products and are one of the fastest-growing broking houses.

Paytm Money Demat Account Opening Process Step by Step.

Step 1: Click on ‘Start Investing’ to visit Paytm Money and start your account opening process. Enter your Email address and mobile number in the box on the left side of the webpage. Click on to sign-up.

 

Step 2: Once you understand all the details visible on your screen. Click Open my account to continue.

Step 3: Now enter your PAN details. Click Next to continue.

Step 4: Now upload your clear passport size photo and Click the sign-on screen and Record upload your verification video.

Step 5: Now upload your digital signature or a clear image of it.

Step 6: Now upload your address proof and enter the exact address as per Valid proof to be submitted (State, City, Pin code).

Click submit to continue and verify your email address.

Graphical user interface, text, application

Description automatically generated

Step 7: Now enter the IFSC code and your bank account number. Click proceed to continue.

Step 8: Now submit your stock account opening form. Once you complete all the process you will get an email from Paytm Money.

Step 9: Congratulations, your account has been created. You can download your e-signed documents by clicking the link.

It takes 1-2 days to open your account. You will also get the login credentials to your trading account in the welcome mail.

 

Paytm Money Demat Account Opening - Documents Required.

Documents required:

  1. A scanned copy of your PAN card.
  2. A scanned copy of Aadhar Card.
  3. An active mobile number linked to your aadhaar card. To complete the eSign in process, you will need OTP. So, make sure your mobile number is linked with your Aadhar card. If not, then visit the nearest Aadhaar Seva Kendra to get it updated.
  4. Cancelled Cheque/Bank statement to link your bank account. Make sure the bank statement you are uploading has an Account number, IFSC and MICR code printed on it. If these are not clear then your application may be rejected. The cheque must have your name clearly inscribed on it.
  5. A scanned copy of your signatures. This should be done with a pen on blank paper and should be clearly visible. Pencils, sketch pens or markers will make the application rejected.
  6. Income Proof - It is required if you wish to trade in Futures & Options, Currency or Commodities. You can submit any of the following documents for income proof:
    1. Form-16
    2. Latest 6-month Bank statement
    3. Latest salary slip
    4. Networth certificate from a CA
    5. Income Tax Return Acknowledgment

Note – Please note that only individual accounts are opened online.