The current facilities of Paytm Money offer users to set weekly/monthly SIPs for stocks and automate stocks conveniently. They have now opened stock broking access for everyone in the country intending to raise over 10 lakh investors this fiscal with the majority of them as first time users from small towns and cities. In the beta version of Paytm, they had already launched stock trading services earlier this year in the first week of August. The stockbroking services were available to a few android users as part of their early access program. They have been offering stock broking services at a very competitive charge of trading. The app charges only Rs 10 for intraday trades and the cash delivery trades are free on the app.
This service is currently available on Android, IOS, and web with super-fast loading stock charts, company fundamentals, and Track Market Movers. The app also allows a completely digital KYC with account opening which does not involve any kind of paper works.
The intraday charges for stock trading on Paytm Money are as follows:
| Charge | Intraday Rate |
| Brokerage | 0.05% of the turnover of Rs 10/-, whichever is lower |
| Exchange Turnover Charges | 0.00325% of turnover for NSE and 0.003% of turnover for BSE |
| GST | 18% on Brokerage and Exchange Turnover Charges |
| Security Transaction Charges(STC) | 0.025% of turnover on sell orders |
| SEBI Turnover Fees | 0.0005% of turnover |
| Stamp Duty | 0.003% of turnover on buy orders. |
*Additional Rs 20 for system auto square off
*Customers residing in Sikkim are exempt from Stamp Duty Charges
The new launch of stock trading comes nearly two years after Paytm Money started allowing mutual fund investments. This move could bring Paytm on the same table of competition that already has established players such as ICICI Securities and HDFC Securities as well as existing players such as Zerodha, Fyers, and Groww.
The new launch will help first-time investors and experienced investors to seamlessly invest and trade in stocks in a completely digital and secure environment. With the addition of these equities, Paytm Money can now drive in financial inclusion among investors by facilitating stock penetration in the country and removing information gaps. They also have plans to bring a dedicated derivatives segment later. Paytm has been aiming to drive higher penetration inequities through the latest development.
