Earlier this week on Monday Paytm Money introduced stock trading services in its application. Though it already had mutual funds and National Pension Scheme or NPS in its portfolio, stock trading services is taking it to height. Moreover it is also allowing android users to access the application. Also the company is working on to allow stock trading for iOS users too. Last year in December Paytm Money received approval to start stock broking from Sebi.
1) Paytm Money supports a full digital KYC process and also 100% paperless account opening. The process will take 24 hours only.
2) One can set price alerts & create multiple watch lists to track real-time price changes of up to 50 stocks.
3) Even one can get details on market movers on the basis of top gainers, top losers, movers by value & volume.
Paytm e getting huge response from the customers too after the launch of their new application.
Well done @vijayshekhar
Finally the wait is over @PaytmMoney #StockTrading 😀 pic.twitter.com/IQmc03pUHu— Rishav Kedia (@rishavkedia19) August 7, 2020
Mera account open ho gea @PaytmMoney @PaytmMoneyCare pic.twitter.com/ejsWT0jKJr
— raman (@draman577) August 7, 2020
Charges by Paytm Money for stock broking platform
The account opening fee of ₹300 and ₹200 for digital KYC is fixed. One can find the pricing model of Paytm Stock broking services in its website. ( https://www.paytmmoney.com/ )
A frequent question asked i.e How to Open Demat Account with Paytm Money?
To open a Demat account one must follow the following steps-
1)Click on ‘Open Demat Account’ and replenish the shape.
2) Next obtain a name from Paytm government. then one will get a hyperlink in the cell through SMS and in the e-mail id.
3) Then go to the hyperlink and fill the KYC. It will ask a number of paperwork like your PAN , Aadhaar for the KYC process.
4)At last obtain the shopper id and password in 24 hours after completion of the KYC process.