Paytm Money AMC Charges

If you are new in the trading sector then you must be very confused regarding the charges levied while opening Demat Account with Paytm Money. Right newbies?  Here we are with the additional fees information like Paytm Money AMC charges. 

Paytm Money was established in 2017 to offer discount brokerage services to its client. 

As the broker enters the highly competitive market it comes up with special benefits and offers for beginners.

So, let’s dive into what discount or advantage one can reap with the Paytm Money demat account.

Paytm Money Annual Charges 

Annual Charges are generally charged on the demat account with the objective to maintain and secure your holdings in the account.

Almost every other broker comes up with their own plan and benefit by imposing the charges monthly, quarterly, or yearly.

But when it comes to the Paytm Money AMC charges, the broker does not levy such charges to maintain your demat account.

So, here opening Paytm Money demat account free you from paying AMC for Demat Account.

Although, it is true that you don’t have to pay any Paytm Money demat account charges when it comes to the annual charges, there are specific annual platform fees. Now, this adds on the extra benefit to the existing and new traders. 

Wondering what these charges are?

Well! it is the fees imposed by the broker annually for using the Paytm Money app and trading platform.     

Moving ahead with the details of these charges, the details are provided in the table below:

 

Now unlike other brokers who usually charge the AMC charges from the second year onwards, Paytm Money does not offer any such relaxation and hence the fees are deducted as soon you start using its services.    

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Conclusion                                                      

Paytm Money is an emerging stockbroker trying to maintain its presence in the market by offering special discounted services.

But on one hand, where the broker offers relaxation from paying the AMC charges, it charges it indirectly in the form of the Annual Platform Fees.

This makes it more important for you to grab complete information about the services and charges of the broker and compare its services with the existing stockbroker to avoid any confusion or extra expenses in the near future.

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Now open a demat account online without any hassle by opening an account for FREE!

 

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