Paytm Money
Paytm's brokerage arm with capped-order pricing across segments.
True cost on ₹50,000 delivery trade
₹178.71
₹111.51 unavoidable govt/exchange charges
+ ₹67.20 broker charges
vs ₹126.26 at Dhan (cheapest)
— ₹52.45 more
About Paytm Money
Paytm Money is the brokerage arm of One97 Communications (Paytm), launched in 2019. It leverages Paytm's user base to offer stock and mutual fund trading. Its pricing is cap-based: delivery up to ₹20 per order, intraday/futures percentage with ₹20 caps, and options up to ₹20 per order.
Who is Paytm Money right for?
Long-term / Delivery investing Average
Delivery is capped at ₹20/order but not zero brokerage. Zero AMC helps.
Intraday trading Good
0.05% with ₹20 cap is competitive for many trade sizes.
F&O / Options trading Good
Futures at 0.02% capped ₹20 and options up to ₹20/order are competitive.
Beginner investors Good
Familiar Paytm interface. Easy onboarding for existing Paytm users.
Every Paytm Money charge, listed
All charges Paytm Money can collect — grouped by type. Regulatory charges (STT, exchange fees, SEBI fee, stamp duty) are fixed by law and identical at every broker; they're listed separately below.
| Charge | Rate / Amount | What it means |
|---|---|---|
| Trading charges | ||
| Delivery Brokerage | 2.5% of turnover or up to ₹20 per order, whichever is lower | Per order, charged on both buy and sell legs. The most-advertised number. |
| Intraday Brokerage | 0.05% of turnover or up to ₹20 per order, whichever is lower | MIS orders — buy and sell same day. Per order. |
| F&O Futures Brokerage | 0.02% of turnover or up to ₹20 per order, whichever is lower | Per futures order/lot. |
| F&O Options Brokerage | Up to ₹20 per executed order | Per options order/lot. |
| MTF Brokerage | 0.1% of trade value or current brokerage, whichever is higher | Brokerage on Margin Trading Facility orders. MTF lets you buy more than your balance and hold overnight. |
| Demat charges | ||
| DP Charge (per sell) | ₹20 including CDSL DP debit charge | Once per company (ISIN), per sell day. Not charged on intraday or F&O. |
| AMC (annual) | Free | Charged yearly to maintain your demat account, regardless of activity. |
| Other fees | ||
| MTF Interest Rate | Tiered: up to ₹1L 7.99%, ₹1L–₹1Cr 9.99%, ₹1Cr+ 8.99% | Daily interest on borrowed margin. Rate shown is p.a. — confirm before using. |
| Call & Trade | ₹100 per executed order | Extra fee per order placed by phone instead of app. |
| Auto Square-off | ₹50 + GST = ₹59/position | Charged if broker closes your open intraday position at market end. |
| Payment Gateway | Free | Per fund transfer. UPI is usually free — use it. |
| DDPI (one-time) | Free | Demat Debit & Pledge Instruction — avoids TPIN entry on every sell. |
| Account Opening | Free | One-time cost to open demat + trading account. |
| Settlement & custody | ||
| Physical Settlement | 0.5% of contract value + GST | Brokerage when an F&O contract results in physical delivery of shares instead of cash settlement. |
| Pledge / Unpledge | ₹20 per transaction (including ₹5 CDSL charges) | Fee to pledge shares as margin collateral. Charged per ISIN per request. |
| Delayed Payment | 1.5% per month on negative balance | Daily interest on your debit balance when you owe money to the broker (e.g., after a loss or pending funds transfer). |
| Off-Market Transfer | ₹25 + GST = ₹29.50/scrip | Fee to transfer shares to another demat account outside of exchange settlement. |
| Currency & Commodity | ||
| CDS Futures | Not offered | Brokerage on currency derivative futures (USDINR, EURINR, etc.). |
| CDS Options | Not offered | Brokerage on currency derivative options. |
| Commodity Futures | Not offered | Brokerage on MCX commodity futures (Gold, Silver, Crude Oil, etc.). |
| Commodity Options | Not offered | Brokerage on MCX commodity options. |
| Demat services | ||
| MF DP Charges | ₹20 including CDSL DP charges | DP charges on mutual fund redemptions from demat. |
| Corporate Action | Free | Processing fee for bonus, split, dividend, rights issue, etc. |
| Dematerialisation | ₹150 + GST/certificate | Fee to convert physical share certificates to electronic demat form. |
| Rematerialisation | ₹150 + GST/certificate | Fee to convert demat shares back to physical certificates. |
| Failed Demat | ₹50 + GST per failed instruction | Penalty when a demat transfer instruction fails. |
| Account & documents | ||
| API Access | Not offered | Monthly or annual fee for trading API access. |
| API Brokerage | Not offered | Brokerage rate when trading via API. |
| Account Reactivation | ₹100 + GST = ₹118 | Fee to reactivate a dormant or frozen account. |
| Instant Withdrawal | Free via UPI | Fee for instant fund withdrawal to bank account. |
| DIS Slip | ₹100 + GST/booklet | Physical Delivery Instruction Slip booklet. |
| Physical CMR | ₹50 + GST | Physical copy of Client Master Report. |
| Physical Contract Note | Not available | Physical copy of daily contract note. |
| Account modifications | ||
| Name Change | ₹25 72 working hours | Fee and processing time to change your name on demat records. |
| Mobile & Email | ₹25 per request | Fee to update your registered mobile number or email address. |
| Address Change | ₹25 per request | Fee to update your registered address. |
| Nominee Change | ₹25 per request | Fee to add, remove, or modify nominee details. |
| DOB Correction | ₹25 per request | Fee to correct date of birth on demat records. |
| Bank Account Change | ₹25 per request | Fee to change your primary linked bank account. |
| KYC Update | ₹25 per request | Fee for re-KYC or KYC detail modification. |
| Cheque Bounce Penalty | N/A | Penalty when a cheque deposited with the broker bounces. |
What you'd actually pay
All-in cost per trade — brokerage + GST + DP charge + every regulatory charge.
₹10K
₹89.50
0.895% of trade
₹67.20 broker ₹22.30 govt/exchange incl. ₹20.00 DP
₹25K
₹122.96
0.492% of trade
₹67.20 broker ₹55.76 govt/exchange incl. ₹20.00 DP
₹50K
₹178.71
0.357% of trade
₹67.20 broker ₹111.51 govt/exchange incl. ₹20.00 DP
₹1L
₹290.23
0.290% of trade
₹67.20 broker ₹223.03 govt/exchange incl. ₹20.00 DP
₹5L
₹1,182.35
0.236% of trade
₹67.20 broker ₹1,115.15 govt/exchange incl. ₹20.00 DP
Govt/exchange charges (₹111.51 on ₹50K) are identical at every broker — only the broker portion differs.
Regulatory charges — the ones no broker can change
These charges are fixed by law and collected by exchanges / the government. Every broker charges them identically. They add up to ₹111.51 on a ₹50,000 delivery trade.
| Charge | Rate | Amount on ₹50K trade | Who collects | Learn more |
|---|---|---|---|---|
| STT (Securities Transaction Tax) | 0.1% on turnover (delivery) | ₹100.00 | Government of India | STT explained → |
| Exchange Transaction Charge | 0.00297% of turnover (NSE) | ₹2.97 | NSE / BSE | Exchange fee → |
| GST on Exchange Charge | 18% on exchange charge | ₹0.53 | Government of India | GST explained → |
| SEBI Regulatory Fee | ₹10 per crore turnover | ₹0.51 | SEBI | SEBI fee → |
| Stamp Duty | 0.015% on buy value | ₹7.50 | State governments | Stamp duty → |
| Total regulatory charges | ₹111.51 | Cannot be reduced by choosing any broker | ||
How does Paytm Money compare?
See how Paytm Money stacks up against all 16 brokers on any trade value and type.