Paytm Money Demat Account Review

What is Paytm Money Demat Account?

Paytm Money Demat Account is a Demat account offered by the leading E-commerce platform, Paytm. The Paytm Money Demat Account offers commission-free online trading and instant delivery of shares through the investor’s registered mobile number. The account also offers SEBI safety measures for all transactions, be it deposits or withdrawals. A Paytm Money Demat Account comes with a 3 months interest-free facility, which is not applicable to deposits.  The Paytm Money Demat Account is also a convenient and easy way to invest in Mutual Funds. It is also the perfect alternative for investing in bonds and debentures from India’s leading banks and NBFCs. This account also allows investors to invest in a wider range of securities than any other Demat account. Simply put, the Paytm Money Demat Account is not just another savings account!

Paytm money is a stockbroking and mutual fund distribution from the house of paytm. The firm recently announced its entry into stockbroking, aiming to give discount broking services to customers.

Paytm money securities are a publicly accountable financial firm offering discounted stockbroking services. The firm was founded by Mr. Pravin Jadhav. SEBI, the country’s capital marketer regulator, gave the green flag to the company’s stockbroking ambitions.  The BSE and NSE have already issued them their respective broker memberships.

Paytm money securities offer amazing discounts and provide on its platforms to customers to stock and cash trading, derivatives, ETFs, and other traded exchange commodities.

The firm traces its root to Bengaluru, India it was founded as an Indian e-commerce payment system that later gained status as a digital wallet company. The digital payment application currently supports digital payments from more than 192 banks, with physical mandates as well.

Also Read: How to Delete Your Paytm Account Permanently and Top 10 Brokers for Demat Account in India

Why you should invest through Paytm money?

Paytm money has been in existence for the last four years, offering a big range of mutual funds and other assets, a detailed tracking system, and the full investment process through its internet platform. The services and specs provided by Paytm money are fully user-friendly and there are no hidden charges involved. Some of the specs of Paytm money that makes it one of the top investment platforms in India are as follows:

All bank support

If you are planning to open your Demat account with Paytm money, you need not hesitate about the bank you have an account with. Paytm money supports each and every bank working in the country.

Ease of use

Paytm money permits you to invest your money in a simple and easy manner. The full process starting from creating your account to trading and investing is very simple. You just need to attach your Aadhar card to your account, complete your e-KYC process, and you will be capable to trade in no time.

Low brokerage

Paytm money has been capable to encourage investors to its platform due to the low brokerage fees charged by it. Paytm money charges a lowest of 0.05 percent of turnover or Rs 10 for intraday equity transactions, a lowest of 0.02 percent of turnover or Rs.10 per executed order for futures trading, and flat Rs.10 per executed order for trading options. Additional, paytm charges only Rs 0.01 per excepted order when get delivery of shares in your Demat account.

Big range of products and services

Paytm money offers you a platform through which you can access a big range of financial products like equity trading, pension schemes, ETFs, IPO investment, F&O trading services, digital gold, and many more. Through Paytm money, you can now simply apply for IPOs of firms. Further, Paytm money also provides its users best standard advisory services related to investments.

Privacy and security

One of the largest issues that investors have is with regard to the security and privacy of their funds, data, and transactions. Paytm money offers many safety specs on its platform. You can stop unauthorized access to your investment account via 2-factor authentication with paytm credentials, and pin-protecting and fingerprint your account. Paytm money also provides bank level data protection by ensuring that your cash moves directly from your bank account to mutual fund firms and back.

Also Read: Top 10 Apps to Make Money Online and How to change Mobile Number and Email Id in Flipkart

Paytm Money Demat Account Review:

The Paytm Money Demat Account is the perfect investment instrument for you and your family as it provides all these facilities without charging any fees. Paytm has managed to connect users directly to the companies through its app, which makes this service ideal for small investors. The company charges a monthly maintenance fee for the cheque booking facility. However, there is no charge for using this service once you link a bank account with it. This account also offers an “Interest-Free” facility for three months on deposits made into the account (deposits will attract an interest of 3% p.a.). The account also offers SEBI safeguards for all transactions, be it deposits or withdrawals. There is a 3-month interest-free facility for all the transactions made through a linked bank account.

Benefits of Paytm Money Demat Account:

1. No commission-free trading and instant delivery of shares

2. Safety measures for all transactions, be it deposits or withdrawals

3. Three months interest-free facility on all deposits

4. Convenient and easy way to invest in Mutual Funds

5. Perfect alternative for investing in bonds and debentures from India’s leading banks and NBFCs

6. Allows investors to invest in a wider range of securities than any other Demat account. In short, it is not just another savings account!

How to open Demat account with Paytm money?

Follow the easy steps to open a Demat account with Paytm stocks money.

  • Click on open Demat account and fill-up the form.
  • You will get a call from paytm executive. You will then obtain a link on your mobile through SMS and on your email ID.
  • Go to the link and complete your KYC. You will require a few documents like your Aaahaar, PAN for the KYC process.
  • You will get your client ID and password in twenty-four hours after competitions of your KYC process.

The process for opening a Paytm Money Demat Account is really simple. All one needs to do is open an account on the Paytm app itself. Once the account is activated and verified, all one needs to do is link a bank account with it. Linking bank accounts can be done in two ways: by Debit or Credit Card. Once this link is created, one can purchase shares via the Paytm app itself or through the website. To purchase shares, investors need to open an account on a brokerage company and link it to their Paytm Money Demat Account. Once these links are created, all investors need to do is buy shares and withdraw cash from the Demat account. Apart from that, investors can also purchase bonds/debentures via the app or website.

Paytm Demat account opening charges

  1. Paytm charges Rs 300 as account opening charges.
  2. The firm gets an amount of Rs. 250 as AMC for Demat account
  3. The brokerage company hosts zero margins and depository service for both CDSL and NSDL.

Features of paytm demat money account

  • There are many reasons for opening a Paytm money trading account
  • Amazing investment payment choices where traders get perfect investment choices
  • Paytm money itself supports physically mandated auto payments with more than 192 banks.
  • Permissible online banking support from most of the banks
  • Very low brokerage rates are as low as Rs. 20
  • Simple account opening process and less time wasting, with the full process wrapping up within a one day.
  • Perfect website trading platform and mobile trading application

Limitations

Paytm money demat, stockbroking and demat accounts are still in early phase and yet to be tested customer’s feedbacks and response. Anyway, here are a few restrictions of Paytm money that it is facing or will face in the future:

  • Paytm money does not provide commodity and currency trading services for customers
  • No offline branch support
  • Unlike the famous trading platforms like Upstox or Zerodha, which has been in the market for years, Paytm trading platform is yet to test handling big volumes and market volatility.
  • Advanced order types like GTC not accessible.

Does paytm money has a trading app?

Paytm money has a complete trading app that can be used flawlessly for trading orders.  Their trading application is simple to use and has loads of remarkable specs, accessible to iOS as well as Android users.

Paytm Money Demat Account provides:

1). Deposit money directly into a bank account. 

2). Withdraw money out at times and places of your choosing without charging any fees and without incurring any loss to the investor.

3). Make instant transactions at any time of the day, especially for your small transactions. 

4). Get your money back instantly in case of any loss or fraud by the customer or Paytm Money Services’ staff or by the bank itself (this will be governed under a separate agreement).

5). Get instant updates about your transactions in your Paytm Money App.

6). Get cash money from any ATM without any charges and without any loss to the investor.

7). Get knowledge of the latest rates, compare them with the prices in the market, and buy/sell at better rates.

8). Get a 3-month interest free chequing account that comes with this Paytm Money Demat Account facility. 

9). Get a free Link-Tracking service that comes free with Paytm Money Demat Account.

10). Get your money locked in a bank lock-up account for up to 90 days in case of any loss or theft.

11). Get peace of mind knowing that you have invested your hard-earned money in a safe and secure environment.

12). Opt-In to receive ongoing information and updates on all your transactions.

13). Participate in the social entrepreneurship movement through its Paytm Mini Academy Program, which will teach you about the latest developments and trends in India’s financial marketplace.

End words

Paytm has become a full and complete wealth management services with its entry into the stock brokerage industry. Although paytm is a well-established firm, Paytm money has its own advantages and limitations. Paytm money faces hard competition from firms such as Upstox, Growww, Zerodha, etc. While Paytm money and Demat provides user-friendly brokerage fees and charges, and powerful mutual fund portfolios, it seriously lacks in areas such as a customer service and advisory services. Paytm mney has been capable to attract an honest set of user-base due to its simplicity and brand name, but it still has a long way to go.

The Paytm Money Demat Account is a great investment instrument for all those who wish to invest in securities from India’s leading companies (such as One97 Communications, MindTree, Mahindra & Mahindra, and Wipro). The account also allows investors to invest in mutual funds through the Paytm Money App. Paytm Money has managed to connect users directly to the companies through its app and this is ideal for small investors. The company charges a monthly maintenance fee for the Cheque Booking facility. However, there is no charge for using this service once you link a bank account with it. This account also offers a 3-month interest-free facility on all the transactions made through a linked bank account. Moreover, it also allows investors to invest in mutual funds through the Paytm Money App. 

Ovais Mirza

Ovais Mirza, a seasoned professional blogger, delves into an intriguing blend of subjects with finesse. With a passion for gaming, he navigates virtual realms, unraveling intricacies and sharing insights. His exploration extends to the realm of hacking, where he navigates the fine line between ethical and malicious hacking, offering readers a nuanced perspective. Ovais also demystifies the realm of AI, unraveling its potential and societal impacts. Surprisingly diverse, he sheds light on car donation, intertwining technology and philanthropy. Through his articulate prose, Ovais Mirza captivates audiences, fostering an intellectual journey through gaming, hacking, AI, and charitable endeavors.

Disclaimer: The articles has been written for educational purpose only. We don’t encourage hacking or cracking. In fact we are here discussing the ways that hackers are using to hack our digital assets. If we know, what methods they are using to hack, we are in very well position to secure us. It is therefore at the end of the article we also mention the prevention measures to secure us.

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