Do you want to know about Paytm Money charges for the year 2024? Paytm Money Limited is a discount brokering firm based in Bengaluru that was set up in the year 2017. It is referred to as Paytm Money, commonly. As a wholly-owned subsidiary of One97 Communications Ltd, Paytm Money is going from strength to strength with each passing year.
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Paytm Money Transaction Charges
Paytm Money Exchange Transaction Charges
Paytm Money provides traders with the chance to trade in digital gold, Equity trading, ETFs, IPO investment, pension scheme, F&O trading services and more. It has a robust customer base exceeding 60 lakh users.
Recently they have made a major change in their Brokerage Charges, you must know about them.
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Paytm Money Account Charges
In 2024, opening a trading account with Paytm Money incurs zero cost in 2024 and hopefully in upcoming years too, this same paln will be valid because mostly all the brokers are offering free account opening right now.
Account maintenance charges are also absolutely free. This Change was made in 2023, previously they were charging platform fee of approximate Rs. 30 per month. Now it has been exempted but one charge has been increased to compensate this, which is mentioned below.
Check out: Paytm Money Review – Features, Pros, Cons and More.
Paytm Money Brokerage Charges
When trading stocks with Paytm Money, customers incur brokerage charges, varying based on the segment.
- For the Paytm Money Standard Plan, equity delivery commands Rs 20 per executed order or 2.5%, whichever is lower.
- Equity intraday and futures share the same rate, Rs 20 per executed order or 0.05% for intraday.
- Equity Futures & Options entail a flat rate of Rs 20 per executed order.
- As for currency and commodity trading, specific brokerage fees for options and futures are not listed.
Paytm Money‘s transparent fee structure is listed on their website in a very simple and crystal clear way. you can check it yourself here.
Paytm Money Demat Charges
There are no annual maintenance charges (AMC), making it a zero-cost option for maintaining your demat account.
However, for demat debit transactions, Paytm Money levies Rs 10 per ISIN per debit transaction.
Also, other charges may apply, such as:
- Rs 250 per 100 shares plus depository charges for demat and courier services,
- Rs 250 per 100 shares plus depository charges for remat services, and
- Rs 10 per ISIN for pledge creation and pledge invocation.
- Call & Trade charges Rs. 100 per order.
Exchange Transaction Charges
Exchange transaction charges are levied by Exchanges like NSE/BSE.
- For Equity Delivery, the charges are NSE Rs 345 per Cr (0.00345%) and BSE Rs 375 per Cr (0.00375%) on each side.
- For Equity Intraday, the charges stand at NSE Rs 345 per Cr (0.00345%) and BSE Rs 375 per Cr (0.00375%) on the sell side.
- Equity Futures incur a fee of BSE Rs 200 per Cr (0.002%).
- Equity Options have a charge of NSE Rs 5300 per Cr (0.053%) based on premium.
Securities Transaction Tax
This charges is not levied by brokers but its charges by various govt bodies.
For Equity Delivery, there is a 0.1% tax on buy as well as sell orders.
Equity Intraday incurs a 0.025% tax on the sell side, while Equity Futures face a 0.0125% tax on the sell side. Equity Options attract a 0.0625% tax on the sell side, based on the premium.
Commodity Futures transactions carry a 0.0125% tax on the sell side for non-agricultural commodities, while Commodity Options incur a 0.0625% tax on the sell side.
Currency F&O transactions do not have an STT. On exercise transactions, there is a 0.125% tax, and for right to entitlement, there is a 0.05% tax on the sell side.
SEBI Fee
This Charge goes to Securities and Exchange board of India.
The Securities and Exchange Board of India (SEBI) levies a charge of 0.0001% (₹10/Cr) of turnover, except for agricultural futures where it is ₹1 per Cr.
Stamp duty, applicable only on the buy side, incurs charges as follows:
- Equity Intraday: 0.003%,
- Delivery: 0.015%,
- Equity Options: 0.003%,
- Equity Futures: 0.002%, and
- Currency F&O: 0.0001%.
For Commodity Futures, it is 0.002%, and for Commodity Options on MCX, it is 0.003%.
Check out: Paytm Money to Zerodha and Kotak Securities – How to Transfer Shares?
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Goods and Services Tax (GST) for Paytm Money amounts to 18% on the total sum of brokerage, transaction charge, and SEBI fee.
Q1. Are Paytm Money Charges Fair?
yes, being a discount broker their maximum brokerage charges are exactly equal to other discount brokers i.e. Max 20 Rs. But when you trade in smaller amounts delivery charge of 2.5% (maximum upto 20 Rupees) will cost higher compared to others. They have clearly and Neatly described brokerage charges on their website.
Q2. Is Paytm Money Account Opening Free ?
Yes, absolutely. They offer zero account opening charge and even AMC (annual maintenance charge) is also free now.
Q3. Are there any charges for using Paytm Money?
No, Apart from the brokerage charges there are no other charges for using paytm money. In Fact Amc and Account opening, both are free of cost.
Q4. Is Paytm Money safe?
Yes, it’s 100% safe. Because it is registered with SEBI which is India’s Stock market Regulator.
Q5. What if Paytm Money shuts down?
Not to worry, Your shares holding are safe with CDSL, you can withdraw them even after paytm money shuts down. For that you must open CDSL EASIEST Account right now, steps are given here. One more thing to take care is don’t keep more than 5 lacs rupees cash in your trading account because up to 5 lac rupees are paid by SEBI to investors from investor protection fund (IPF), in case any broker shuts down. Though this case would hardly occur with paytm money.
Conclusion
As you can find out, the online discount broker Paytm Money is one of the best brokers around. It is a top name in affordable investments in 2024. You can Open demat account in paytm money without thinking twice. Simply click here to open demat account in paytm money.
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