- by Arunima SenGupta
- 10th Aug 2020
All you need to know about Paytm money stock broking
Paytm received permission by Sebi to start stock broking in December, 2019. It has now launched its stock broking option for android users after already having mutual funds and National Pension Scheme under its wings. It will soon commence for ioS users as well.
The account opening is completely paperless augmented by a 100 percent digital KYC. The account and KYC compliance is done within 24 hours. The users can put up price alerts and make several watchlists to keep a lookout on real-time price changes of upto 50 stocks.
Based upon top gainers, top losers, movers by value and volume, one can get insight into the details of market movers.
Opening a trading and demat account with Paytm Money is quite easy. You just need to install the app and click on ‘Complete your KYC’ after which you will need a few documents like your PAN and Aadhaar Card to complete the KYC process. A confirmation link will be sent to you through SMS. Your account will be set up within 24 hours after which you can begin with your investment.
Paytm Money has an account opening charge of Rs. 300. Thereafter, it charges Rs. 200 for KYC. Apart from these it has trading, intraday trading, depository and some other special charges.