Paytm Money launches stock trading, ₹10 charged for intraday trades – Livemint

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2 min read . Updated: 13 Aug 2020, 02:41 PM IST Avneet Kaur

• Cash delivery trades are free on the Paytm Money app
• Paytm Money will charge only ₹10 for intraday trades

Paytm launched the Stock Trading services last week on Monday. The stock trading is available in its beta version of Paytm Money App for a few android users as part of its early access program. The launch is making a news for the competitive charges of trading. The cash delivery trades are free on the app, and only ₹10 is charged for intraday trades, said a release from the company.

Paytm Money Stock Trading allows a fully digital KYC and 100% paperless account opening process.

The stock trading option will be rolled out in a phased manner. In the early access stage, a limited number of users will be given access every day. Post gauging the user-feedback and market reaction, Paytm will eventually open the access to all in a few weeks.

Currently, only Android & Web users would be able to get early access. iOS users will have to wait for another few weeks. Paytm has also proposed to launch F&O on the app in the near future.

Here are the intraday charges for stock trading services on Paytm Money platform.

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Here are the delivery based trading charges on Paytm Money

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Here are the depository charges

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Here are some of the features of Paytm Money Stock Trading

• Competitive Pricing – Zero Brokerage on Delivery Trading with intraday trades as low as ₹10
• No need to remember stock tickers. You can search stocks by name
• Fully digital KYC with a 100% paperless account opening proces
• Paytm Money App will also allow to do market research, stock trading or long term investing
• You can set up price alerts for up to 50 stocks. The App will notify you when the price is reached
• Create multiple watchlists & track real-time price changes of up to 50 stocks in each watchlist
• SIP Management – Like its peers, Paytm Money also allows to set weekly/monthly buy orders & automate your stock investing
• Get in-depth financial & historical price data for every listed company
• Investing & Trading – Do Intraday & Delivery. Explore advanced options like Cover Order & Bracket Order
• Brokerage Calculator – This feature allows users to discover the transaction charges & exact breakeven price to sell stocks profitably

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