Paytm offers free demat account opening with zero AMC charges. But there is a catch.
Paytm charges a fee of Rs 30 per month as a monthly platform fee, which is Rs 360 per annum. The same amount other stockbrokers charge for the annual maintenance fee. For me, the zero AMC fee is like a bluff.
In this blog post, I will provide information about all Paytm Money Demat charges that you may pay if you are a Paytm Demat holder.
Paytm Money Charges Details
Paytm Money Account Opening Charges
Paytm Money Money provides zero fees for account Demat and trading accounts.
Paytm Money Money Account Opening Charges – Free
Paytm Money Annual Maintenance Charges
Paytm Money Money charges zero annual maintenance fee for Demat & trading account. Whereas Paytm charges Rs 30 per month as a monthly platform fee. This Rs 360 per year is equivalent to AMC charges by other stockbrokers.
Paytm Money Brokerage Charges
Paytm Money offers one of the lowest brokerage charges in India. The brokerage charges are 0.05% or Rs. 15 per trade, whichever is lower.
Let’s have a look at the brokerage charges
Lower of 2.5% or Rs. 15- per order
|Equity Intraday||Rs. 15 or 0.05% per executed order whichever is lower|
|Equity Futures||Rs. 15 or 0.02% per executed order whichever is lower|
|Equity Options||Flat Rs. 15 per executed order|
Paytm Money Delivery Charges
Paytm Money charges a lower of Rs. 10 or 2.5% per executed order on delivery orders.
For example, if you buy stocks worth Rs 500 then Paytm will charge Rs 12.5 for stock delivery, not Rs 15. But if you place an order for 5,00,000 then a fixed charge of Rs 15 will be charged.
Paytm Money Intraday Charges
Paytm Money charges a lower of Rs. 15 or 0.05% per executed order irrespective of the trading volume.
For example, if you trade worth Rs 20000 then Paytm Money will charge Rs 6 for stock intraday, not Rs 15. But if you place an order for 5,00,000 then a fixed charge of Rs 15 will be charged.
Paytm Money Futures Trading Charges
Paytm Money charges a lower of Rs. 20 or 0.02% per executed order irrespective of the trading volume for the equity segment.
For example, if you trade worth Rs 30000 then Paytm Money will charge Rs 6 for Futures, not Rs 15. But if you place an order for 1,00,000 then a fixed charge of Rs 15 will be charged.
Paytm Money Options Trading Charges
Paytm Money charges a flat fee of Rs 15 per options order for the equity segment.
Paytm Charges for IPO Investment
Paytm charges zero fees for IPO applications through its trading platform.
Paytm Money Call and Trade Charges
Paytm Money charge a fee of Rs. 100 per executed order for all trades executed through Call and Trade.
Call & Trade charges include –
- successfully placed orders
- executed orders
- rejected orders
- canceled orders
Paytm Money Plegde and Unpledged Charges
You can use the margin against Demat holdings for trading futures & options only. Paytm Money charges Rs 15 per scrip on pledging and upledging of the stocks.
Paytm Money Margin Shortfall Penality
Paytm Money charges a penalty of 1% on the Margin shortfall.
Paytm Money Charges For Auto-square Off
Paytm Money charge Rs. 50 per auto-squares off all open intraday positions at or after the cut-off time.
|Segment||Equity intraday||Equity F&O||Currency F&O||Commodity F&O|
|Cut-off time||3.20 pm||3.25 pm||4.45 pm||25 mins before close|
Paytm Money CML Modification charges
Paytm charges Rs 25 for modification in CML
Paytm Money Off Market Share Transfer Charges
You would need to pay Rs 10 per transaction for off-market share transfers.
Paytm Money Funds Add Charges
Paytm Money charges a fee Rs. 10 per deposit through netbanking. UPI & IMPS options are free.
Paytm Money Funds Withdraw Charges
Paytm Money doesn’t charge any fee for withdrawing funds from your trading to your bank account.
Paytm Money Charges for Cancelled Orders
Paytm Money does not charge any fees for canceling orders.
Cancellation can be due to –
- Canceling orders manually
- Auto-canceled by the system
- Order rejected for short of funds or any reason
Paytm Money Charges for GTT
Paytm Money does not charge any fees for setting up GTT (Good Till Triggered) orders. However, a normal brokerage fee of up to Rs. 15 is charged when the order is triggered.
Paytm Money Charges For BTST
Paytm Money charges Rs 0 for BTST trades as this order comes under delivery product.
Paytm Money Charges for Debit Account Balance
1.5% charged monthly on the outstanding bill.
Paytm Physical statement courier Charges
You need to pay Rs. 300 per request + Rs. 300 per courier.
Government Taxes and Regulatory Charges
Paytm Money Transaction Charges
Paytm Money charges transaction charges for every trade executed on the exchange. The charges are levied by the exchange and vary from one exchange to another. The charges are as follows:
|NSE Equity (intraday/ delivery)||0.00345%|
|BSE Equity (intraday/delivery)||0.00375%|
|NSE Equity Futures||0.0020%|
|NSE Equity Options||0.053%|
Paytm Money STT Charges
STT (Securities Transaction Tax) is levied by the government on securities and commodities on all trades executed on the exchange. The charges are as follows:
|Equity Delivery||0.1% on both buy & sell|
|Equity Intraday||0.025% only on sell|
|Equity Futures||0.01% only on sell|
|Equity Options||0.05% only on sell|
Paytm Money Stamp Duty
Stamp duty is a tax levied by the state government on the transfer of securities. Stamp duty is charged only on the buy side.
The stamp duty charges are as follows:
|Equity Delivery||0.015% or Rs 1500 / crore|
|Equity Intraday||0.003% or Rs 300 / crore|
|Equity Futures||0.002% or Rs 200 / crore|
|Equity Options||0.003% or Rs 300 / crore|
Paytm Money DP Charges
Paytm Money charges a DP charge of Rs. 13.5 per scrip for each Demat debit transaction(sell). There are no charges for Demat credit transactions. This is charged only on stock delivery.
Paytm Money SEBI Charges
Every broker has to pay a fee to SEBI for every trade that they execute on behalf of their clients.
Paytm Money charges a fee of 0.0001% of turnover as SEBI charges.
GST (Goods and Services Tax)
GST is levied by the government on the services provided by the broker. 18% GST needs to be paid on all the charges like brokerage fees, SEBI charges, and transaction fees.
I have also written other brokers’ charges in detail, which you can check below to get a better understanding.
- Zerodha Annual Charges
- Groww Annual Charges
- ICICI Demat Account Charges
- Upstox Annual Charges
- 5paisa AMC Charges
Q1. What services are covered under Paytm Money charges?
Paytm Money charges to cover the services related to stockbroking, and other investment-related services.
Q2. How much does Paytm Money charge for mutual fund investments?
Paytm Money does not charge any fees for mutual fund investments.
Q3. How much does Paytm Money charge for stockbroking services?
Paytm Money charges a flat fee of ₹15 per trade for intraday and F&O trades.
Q4.Does Paytm Money charge for demat account maintenance?
No, Paytm Money does not charge any fee for maintaining a demat account, whereas you need to pay Rs 30 per month as a platform use fee.
Q5. Does Paytm Money charge any fee for order cancellation?
No, Paytm Money does not charge any fee for order cancellation.
Q6. Are there any hidden charges in Paytm Money?
No, there are no hidden charges in Paytm Money. All charges are clearly mentioned on the website and app.
Q7. Does Paytm Money charge any account opening fee?
No, Paytm Money does not charge any account opening fee.
Q8. Does Paytm Money charge any fee for switching between mutual fund schemes?
No, Paytm Money does not charge any fee for switching between mutual fund schemes.
Q9. Can I avoid Paytm Money charges?
No, Paytm Money charges are mandatory for availing of its investment services.
Q10. How can I pay Paytm Money charges?
Paytm Money charges are deducted from your Paytm Money account balance at the time of the transaction.
Q11. Is there any way to get a refund of Paytm Money charges?
No, Paytm Money charges are non-refundable. However, if there is an error from Paytm Money’s end, the charges may be refunded.