Zerodha vs Paytm Money 2024: A Detailed Comparison of India’s Top Discount Brokers

zerodha_vs_paytm_money
zerodha_vs_paytm_money

Zerodha vs Paytm Money: Zerodha and Paytm Money are the two biggest stockbrokers in India. Both offer a variety of features and benefits, but which one is right for you?

In this blog post, we will compare Zerodha and Paytm Money on a variety of factors, including brokerage fees, trading platforms, customer service, and more.

Read on to find out which stockbroker is the best fit for your needs.

Zerodha vs Paytm Money: About

Zerodha

Zerodha is India’s largest stockbroker offering online flat fee discount brokerage services. It charges no brokerage for equity delivery trades and direct mutual funds, and a flat Rs. 20 or 0.03% (whichever is lower) per trade for intraday and futures trades. For options trades, it charges a flat Rs. 20 per order……read continue

Paytm Money

Paytm Money is a discount stockbroker in India founded in 2017 by One97 Communications, the parent company of Paytm, India’s largest digital goods and mobile platform. Paytm Money is a SEBI-registered stockbroker, investment advisor, and depository participant with CDSL……read continue

Zerodha vs Paytm Money: Overview

DetailsPaytm MoneyZerodha
Broker TypeDiscount BrokerDiscount Broker
Exchange MembershipBSE, NSE, SEBINSE, BSE, MCX, NCDEX
Founder In20172010
Head OfficeNoida, IndiaBengaluru, India, at 153/154, 4th Cross, J.P Nagar 4th Phase, Opp. Clarence Public School, Bengaluru – 560078.
No. of Branches900+75+
FounderVijay Shekhar SharmaNithin Kamath and Nikhil Kamath
CEOVarun SridharNithin Kamath
Market Cap₹1,115 crore (FY22)$2 billion
Downloads on Playstore10M+10M+
Rating on Playstore⭐ 3.5 Out of ⭐ 5.0 (Based on 180K Votes)⭐ 4.0 Out of ⭐ 5.0 (Based on 326K Votes)
Users10 million+15 million+ (9.5 Active users)
Websitewww.paytmmoney.comzerodha.com

Zerodha vs Paytm Money: Features

FeatureZerodhaPaytm Money
Trading platformsKite Web, Kite Mobile, CoinPaytm Money mobile app, Paytm Money website trading software
3-in-1 accountNoNo
ChartingYesYes
Automated tradingYesNo
SMS alertsNoNo
Online demoYesYes
Online portfolioNoYes
Margin tradingYesYes
FundingNoNo
Margin against shares (equity cash)YesNo
Margin against shares (equity F&O)YesNo
Intraday square-off time3:15 PM (EQ cash), 3:25 PM (EQ F&O), 4:45 PM (currency), 25 min before close (commodities)3:15 PM
Trading in SME shares allowed?Yes
Referral program?Yes
Other featuresDirect mutual funds, APIs for algo trading

Zerodha vs Paytm Money: Charges

Account Opening and Maintenance Charges: Zerodha vs Paytm Money

FeatureZerodhaPaytm Money
Trading account opening chargesRs 200Rs 200
Trading account AMC chargesRs 0 (free)Rs 300 (annual platform fees)
Demat account opening chargesRs 0 (free)Rs 0 (free)
Demat account AMC chargesRs 300Rs 0 (free)

Both Zerodha and Paytm Money have the same trading account opening charges and demat account opening charges. However, Zerodha has no annual maintenance charges (AMC) for trading accounts, while Paytm Money charges Rs. 300 per year.

Brokerage Charges: Zerodha vs Paytm Money

Account typeZerodhaPaytm Money
Equity deliveryFreeRs 20 per executed order or 2.5%, whichever is lower
Equity intradayRs 20 per executed order or 0.03%, whichever is lowerRs 20 per executed order or 0.05%, whichever is lower
Equity futuresRs 20 per executed order or 0.03%, whichever is lowerRs 20 per executed order or 0.01%, whichever is lower
Equity optionsRs 20 per executed orderRs 20 per executed order
Currency futuresRs 20 per executed order or 0.03%, whichever is lowerN/A
Currency optionsRs 20 per executed orderN/A
Commodity futuresRs 20 per executed order or 0.03%, whichever is lowerN/A
Commodity optionsRs 20 per executed orderN/A

Zerodha offers free brokerage for equity delivery trades, while Paytm Money charges Rs 20 per executed order or 2.5%, whichever is lower. Zerodha also has lower brokerage rates for equity intraday and futures trades than Paytm Money.

Other brokerage charges: Zerodha vs Paytm Money

FeatureZerodhaPaytm Money
Minimum brokerage0.03% in intraday and F&ORs 20 per executed order
Other chargesPhysical contact notes: Rs 20, Trade SMS alerts: Rs 1 per SMS, Platform usage fees: Rs 30 per month, Physical statements/documents: Rs 300 per request + Rs 300 per courierNone
Call and trade chargesRs 50 per executed orderRs 100

Transaction Charges: Zerodha vs Paytm Money

FeatureZerodhaPaytm Money
Equity deliveryNSE Rs 325 per Cr (0.00325%)BSE Rs 375 per Cr (0.00375%) (each side)
Equity intradayNSE Rs 325 per Cr (0.00325%)BSE Rs 375 per Cr (0.00375%) (sell side)
Equity futuresNSE Rs 190 per Cr (0.0019%)Rs 200 per Cr (0.002%)
Equity optionsNSE Rs 6250 per Cr (0.0625%) (on premium)Rs 5,300 per Cr (0.053%) on premium
Currency futuresNSE Rs 90 per Cr (0.0009%)BSE Rs 25 per Cr (0.00025%)
Currency optionsNSE Rs 3500 per Cr (0.035%)BSE Rs 100 per Cr (0.001%) (on premium)
Commodity group ARs 260 per Cr (0.0026%)N/A

Zerodha has lower transaction charges for equity delivery, equity intraday, equity futures, and equity options than Paytm Money. Paytm Money has lower transaction charges for currency futures than Zerodha.

Zerodha vs Paytm Money: Leverage (Margin)

SegmentZerodhaPaytm Money
Equity delivery1x1x
Equity intradayUp to 5xUp to 5x
F&O (Eq, Curr, Comm)1x1x

Both Zerodha and Paytm Money offer the same leverage for equity delivery, equity intraday, and F&O trading.

Zerodha vs Paytm Money: Demat Account Comparison

FeatureZerodhaPaytm Money
Demat Account Opening Fee₹50 (Stamp charges payable upfront)Nil
Demat Account AMC₹300 + GST (Individuals/Non Individual (except Corporate))Free – Zero maintenance charges
Advance Deposit₹0Nil
Dematerialisation Charges₹150 per certificate + ₹100 Courier chargesRs 250 per 100 shares + depository charges
Rematerialisation Charges₹150 per certificate + CDSL charges + ₹100 Courier chargesRs 250 per 100 shares + depository charges
Transaction Charges (Credit or Buy)Market Trades: ₹13.5 + GSTRs 10 per ISIN
Transaction Charges (Debit or Sell)Off-Market Trades: 0.03% of ₹25 whichever is higher + GST
Pledge Creation Charges₹30 per request + GSTRs 10 per ISIN
Pledge Creation Confirmation Charges₹0
Pledge Invocation Charges₹20Rs 10 per ISIN
Failed Instruction Charges₹50 per ISIN
Other ChargesCheque Bounce: ₹350
Physical Statement – ₹50 (+Courier charges at actual)
Modification in CML – ₹25 per request
KRA Upload / Download – ₹50 per request
Interest at 18% p.a is charged on the outstanding bill amount if not paid within the due date.
Off-market transfers – Rs 10 per IS

Zerodha vs Paytm Money: Investments Options and Others

Investment Options

  • Zerodha: Stocks, equity, commodities, currency, IPO, mutual funds, bonds/NCD, debt, NPS retirement fund, digital fund
  • Paytm Money: Stocks, equity, commodities, currency, IPO, mutual funds, bonds/NCD, debt

Order Type Offered

  • Zerodha: Bracket order, cover order, buy today sell tomorrow (BTST), sell today buy tomorrow (STBT), after market order (AMO), good till canceled (GTC)
  • Paytm Money: Bracket order, cover order, BTST, STBT, AMO, GTC

Research Report

  • Zerodha: Daily market report, free tips, quarterly result analysis, news alerts
  • Paytm Money: Daily market report, free tips, quarterly result analysis, news alerts

Suitable For Investor Type

  • Zerodha: Casual investor, active investor, trader
  • Paytm Money: Casual investor, active investor, trader

Zerodha vs Paytm Money: Trading Plateforms

Zerodha offers two trading platforms: Kite and Pi.

  • Zerodha Kite is a more advanced platform with more features, such as real-time market data, technical analysis tools, and backtesting and paper trading platforms.
  • Pi is a simpler platform that is more suitable for beginners. It is easy to use and does not have as many features as Kite.

Paytm Money offers a single trading platform that is similar to Kite in terms of features. However, it does not have some of the advanced features that are available on Kite, such as backtesting and paper trading platforms.

Key differences between the trading platforms offered by Zerodha and Paytm Money:

BrokerTrading PlatformFeatures
ZerodhaKiteReal-time market data, technical analysis tools, backtesting and paper trading platforms
ZerodhaPiSimpler interface, easy to use
Paytm MoneySingle platformReal-time market data, technical analysis tools

Overall, Zerodha’s trading platforms are more advanced and offer more features than Paytm Money’s trading platform. However, Paytm Money’s trading platform is still a good option for beginners.

Zerodha vs Paytm Money: Which is right Plateform for you?

Which trading platform is right for you depends on your individual needs and preferences. If you are an experienced trader who wants the most advanced trading platform possible, then Zerodha’s Kite platform is a good choice. If you are a beginner trader who wants a simple and easy-to-use trading platform, then either Zerodha’s Pi platform or Paytm Money’s trading platform is a good choice.

Zerodha vs Paytm Money: Regulatory

Zerodha and Paytm Money are both regulated by the Securities and Exchange Board of India (SEBI). This means that they are subject to strict rules and regulations that are designed to protect investors.

Zerodha is registered with SEBI as a stockbroker, investment advisor, and depository participant. It is also a member of leading stock exchanges like NSE and BSE.

Paytm Money is registered with SEBI as a stockbroker, investment advisor, and depository participant. It is also a member of NSE and BSE.

Both Zerodha and Paytm Money have a good track record of compliance with SEBI regulations. They have never been penalized by SEBI for any regulatory violations.

Overall, both Zerodha and Paytm Money are safe and reliable brokers that are regulated by SEBI.

Regulatory information: Zerodha vs Paytm Money

BrokerSEBI Registration NumberStock Exchange Membership
ZerodhaINZ000154054NSE, BSE
Paytm MoneyINZ000240532NSE, BSE

Zerodha vs Paytm Money: Pros and Cons

Zerodha Pros

  • Low brokerage fees
  • Free equity delivery trades
  • Excellent trading platforms
  • Direct Mutual Fund Investment available
  • Good Till Triggered (GTT) orders available
  • NRI Trading account available

Zerodha Cons

  • No stock tips, research, or recommendations
  • Call & Trade is charged extra
  • Auto Square off is charged extra
  • No 3-in-1 account
  • No monthly unlimited trading plans
  • No AMC Free Demat account

Paytm Money Pros:

  • Low brokerage fees
  • Free Mutual Fund investments
  • Direct MF platform
  • Zero Maintenance Charges
  • Instant digital account opening
  • Simple and easy trading platforms
  • Online IPO application services
  • Offers to invest in NPS and digital gold investment along with Stocks, Derivatives, and MF

Paytm Money Cons:

  • No margin funding
  • No branch support
  • No GTC order type
  • Trading platforms use fee
  • No Margin trading facility
  • No Margin against shares
  • Commodity and Currency trading not available

Conclusion: Zerodha vs Paytm Money

Zerodha vs Paytm Money: They both are good discount brokers with low brokerage fees. However, Zerodha has a wider range of features and tools, while Paytm Money is simpler and easier to use.

Zerodha is a better choice for experienced traders who want the lowest brokerage fees, the widest range of features, and the most advanced trading platform.

Paytm Money is a good choice for beginners who want a simple and easy-to-use trading platform with free mutual fund investments.

Ultimately, the best way to decide which broker is right for you is to compare their features and fees and choose the one that best meets your needs.

FAQs about Zerodha vs Paytm Money

Q. Can I switch from Paytm money to Zerodha?

Yes, you can switch from Paytm Money to Zerodha. The process is relatively simple and can be completed online.
Here is a step-by-step guide:
Step-1. Open a Zerodha account.
Step-2. Transfer your securities from your Paytm Money account to your Zerodha account.
Step-3. Close your Paytm Money account.
Zerodha provides detailed instructions on how to switch accounts on its website.

Q. Is Paytm Money good for the stock market?

Yes, Paytm Money is a good stockbroker. It offers flat rate brokerage, free mutual fund investments, and a direct MF platform. However, it does not offer some of the features that Zerodha does, such as margin funding, branch support, and commodity and currency trading.

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