Paytm Money is one of India’s most mobile-first investing platforms, designed for simplicity and low fixed costs. But like every broker, your total cost depends on brokerage + DP charges + taxes + special features like margin.
Here’s a complete breakdown based on the latest 2026 structure.
What is Paytm Money?
Paytm Money is a digital broker offering:
- Stock investing (delivery & intraday)
- Futures & Options (F&O)
- Direct mutual funds (₹0 commission)
It is especially popular among beginners and app-based investors.
1. Account Opening & AMC Charges
Paytm Money is one of the cheapest brokers in terms of fixed cost.
Account Opening:
- ₹0 (Free)
Digital KYC:
- ₹0 (Free)
Annual Maintenance Charges (AMC):
- ₹0 (Lifetime Free)
Platform Fees:
- ₹0 (No subscription charges)
Key Insight:
- No AMC
- No hidden platform fee
Ideal for long-term investors who want zero fixed cost.
2. Paytm Money Brokerage Charges (Segment-wise)
Paytm Money uses a “lower of” model, which adjusts based on trade size.
Brokerage Structure
| Segment | Brokerage |
| Equity Delivery | Lower of ₹20 or 2.5% |
| Equity Intraday | Lower of ₹20 or 0.05% |
| Futures | Lower of ₹20 or 0.02% |
| Options | ₹20 per order |
| Mutual Funds | ₹0 |
| IPO | ₹0 |
Important Notes:
- Delivery trades → capped at ₹20
- Small trades → % model applies
- Options → flat ₹20
Example:
- ₹1,000 delivery trade → ₹25 max cap → ₹20 applied
- ₹500 trade → ₹12.5 brokerage
This model protects small trades from high flat fees.
Key Insight (Very Important)
Paytm Money is best when:
- You do small or medium-sized trades
- You want flexible brokerage instead of fixed ₹20 always
3. Depository Participant (DP) Charges
DP charges apply when you sell delivery shares.
Standard DP Charges:
- ₹20 + GST per stock (per scrip per day)
Important Update:
- Increased from ₹13.50 → ₹20 (2025 update)
Other DP-related Charges:
- Margin Pledge: ₹20 + GST
- Off-market transfer: ₹25 + GST
Key Points:
- Charged only on sell side
- Not applicable for intraday/F&O
- Per stock, not per quantity
4. Statutory Taxes & Regulatory Charges (2026)
These are fixed across brokers.
(A) STT – Securities Transaction Tax
| Segment | STT |
| Equity Delivery | 0.1% (Buy & Sell) |
| Intraday | 0.025% (Sell only) |
| Futures | 0.05% (Sell only) |
| Options | 0.15% (On premium) |
2026 Update:
F&O STT increased significantly
(B) Exchange Transaction Charges
- NSE: ~0.00297%
- BSE: ~0.00375%
- Futures: ~0.00173%
- Options: ~0.03503%
(C) GST
- 18% on:
- Brokerage
- DP charges
- Transaction charges
(D) SEBI Charges
- ₹10 per crore turnover (0.0001%)
(E) Stamp Duty
| Segment | Stamp Duty |
| Delivery | 0.015% (Buy only) |
| Intraday | 0.003% |
| Futures | 0.002% |
| Options | 0.003% |
5. Margin Trading (MTF) & Pay Later Charges
Paytm Money also offers leverage products.
Margin Trading Facility (MTF):
- Interest starts from 99% per annum
- Charged daily on funded amount
T+5 Pay Later:
- Brokerage → ₹20
- Interest → ~0.05% per day
- Penalty → 1.5% monthly if unpaid
Key Insight:
These features can increase cost significantly if not managed carefully.
6. Other Miscellaneous Charges
- Call & Trade: ₹100 per order (very high)
- Auto Square-off: ₹20 + GST
- Physical Statement: ₹300 + courier
- CML Modification: ₹25
7. Real Cost Example
Let’s take a delivery trade:
- Buy ₹1,00,000 stock
- Sell later
Charges:
- Brokerage → ₹20 (buy) + ₹20 (sell)
- DP → ₹20
- STT → 0.1% both sides
- GST & others → small
Total ≈ ₹100–₹180
Pros of Paytm Money Charges
- Zero AMC (lifetime free)
- Flexible brokerage model
- Good for small traders
- ₹0 mutual fund commission
Cons (Reality Check)
- DP charges increased recently
- Call & trade very expensive
- Not the cheapest for heavy traders
- Margin products can become costly
Final Verdict
Paytm Money is a solid choice for beginners and app-first investors.
- Long-term investors → excellent (₹0 fixed cost)
- Small traders → good (flexible pricing)
- Active traders → average (better options exist)
The biggest thing to remember:
Even if brokerage looks low, DP charges + taxes + margin interest define your actual profit.