Paytm Money Account Opening Guide

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Paytm Money is one of India’s largest Investment platforms with over 5,78,639 active client base till August 2022. 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 Sign In.

 

Step 2: Once you submit your email id and mobile number, you will receive a link in your text message and email id to download the Paytm Money app.

 

Step 3: As you download and open the Paytm app, click on ‘Continue with Paytm Login’ and then add your email id or mobile no. and password.

Click on ‘Sign in with Paytm’.

 

Step 4: After getting logged in, Click on ‘Start Now’ to initiate the process of opening a Demat account.

Step 5: You will be asked to complete your KYC before you start your investing journey. Click on ‘Complete Now’ to initiate the process.

 

Step 6: Once you understand all the details visible on your screen. Click Open my account to continue.

Step 7: Now enter your PAN details. Click Next to continue.

 

Step 8: Once your PAN is verified, click on ‘Proceed for KYC’ and share your documents through DigiLocker. It is an initiative by the Government of India to save your essential documents on the cloud. It is linked with your Aadhaar card and thus provides complete security.

Step 9: Provide consent to Digilocker to fetch your PAN and Aadhar Details. Then enter your Aadhar number to proceed further.

Step 10: Enter the OTP sent to your registered mobile number.

Step 11: Now enter additional details about you which include your gender, marital status, annual income, profession, politically exposed, and country of residence.

Step 12: Now upload your picture with a clear background. Click on Proceed to continue.

Step 13: Now click a photo of your signature and upload it.

Step 14: Now enter the IFSC code and your bank account number. Click Verify Bank Account to continue.

Step 15: Once you are done uploading your bank details, you will be asked to submit an account opening form. Choose the segments in which you wish to invest or trade-in. Click on Confirm to continue.

Step 16: Now you will be asked to add your personal information like your investment in experience in the stock market. Choose according to your respective experience and click on save to continue.

Step 17: Now enter your mobile number and email address under the Communication Detail tab. You will receive an OTP in your mail for the verification process.

Enter OTP and verify your email address.

Step 18: Once you verify your email address, you will be asked to sign an account opening form. Click on ‘Complete KYC’ to e-sign the form.

Step 19: Allow Location Access to process further.

Step 20: You will be redirected to NSDL’s page for the e-signature process. Click on ‘Proceed’ to continue.

Step 21: Enter your Aadhar and then the OTP sent on the mobile number linked with Aadhar.

Step 22: Once your account is created, you will get a digitally signed Account Opening Form on your registered mail id and a text message on your mobile number confirming all the steps completed regarding the account opening process.

Congratulations, you have completed your account opening process. You can download your e-signed documents sent to your registered email id.

It takes 1-2 days to open your account. You can check the status of your application. 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.