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Zerodha Vs Paytm Money: Which one is better?

Both the brokers are registered with SEBI. Zerodha offers investmenet in Equity, F&O, Currency and Commodities, where Paytm Money offers investment in Equity, F&O and Currency only. The brokerage of Zerodha Max Rs 20 per trade while the brokerage of Paytm Money Max Rs 15 per trade. Both the brokers are Discount Brokers. Zerodha is having overall higher rating compare to Paytm Money. Zerodha is rated 4.5 out of 5 where Paytm Money is rated only 4 out of 5. Number of active customer for Zerodha is 66,09,384 where number of active customer for Paytm Money is 5,78,639. Zerodha is serving more customer compare to Paytm Money.

Here we present side-by-side comparison of Zerodha vs Paytm Money share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Zerodha vs Paytm Money's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Zerodha vs Paytm Money share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Zerodha vs Paytm Money's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Zerodha vs Paytm Money on Service

  Zerodha Compare
Zerodha
Paytm Money Compare
Paytm Money
Overall Rating Rated 4.5 stars Rated 4 stars
Brokerage Charges Rated 4.5 stars Rated 4.5 stars
Trading Platform Rated 4.5 stars Rated 3.5 stars
Investments Offering Rated 4 stars Rated 4.5 stars
Customer Service Rated 4.5 stars Rated 3.5 stars
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 66,09,384 5,78,639
Broker Overview Zerodha is the game-changing discount broker with the concept of Rs. 20/order flat brokerage model and commission-free direct mutual fund investment platform in India. Free delivery trading, superfast Zerodha Kite trading platform, and quick & re... Know more about Zerodha In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 15 lowest brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & w...Know more about Paytm Money
Broker Enquiry Request call back from Zerodha Request call back from Paytm Money
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Account Opening Charges and AMC

Compare Zerodha vs Paytm Money on Trading & Demat Account Opening Charges

Comparison of Zerodha with Paytm Money on trading & demat account opening charges and AMC. Trading account opening charges - Paytm Money offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening. Demat AMC charges - Paytm Money offer Free AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Zerodha with Paytm Money
Charges Zerodha Paytm Money
Trading Account Opening Fees Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) Free
Trading AMC Free Rs 30 per month (Platform fees)
Demat Account Opening Fees Free Free
Demat AMC Rs 300 PA Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Zerodha vs Paytm Money on Plan Options

Plans are the most important feature you look when compare Zerodha with Paytm Money. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Zerodha with Paytm Money on Plan Options
Plan Types Zerodha Paytm Money
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Paytm Money
Account Opening Request
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Brokerage Charges

Compare Zerodha vs Paytm Money on Brokerage Charges

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas equity delivery trading and mutual fund investment with Paytm Money is absolutely free of cost.

Brokerage Charges - Compare Zerodha with Paytm Money
Brokerage Charges Compare Zerodha Paytm Money
Plan Name Max Rs 20 per order Trading Plan Flat Brokerage Plan
Equity Delivery Free 2.5% or Rs 15 whichever is lower
Equity Intraday 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures 0.03% or Rs 20 whichever is lower 0.02% or Rs 15 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 15 per order
Currency Futures 0.03% or Rs 20 whichever is lower NA
Currency Options Flat Fee Rs 20 NA
Commodity Trading Flat Fee Rs 20 NA
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 50 Per Executable Order Rs 100 per executed order
Auto Square off Charges Rs 50 Per Executable Order Rs 50 per executed order
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for Paytm Money
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Share Broker's Transaction Charges

Compare Zerodha vs Paytm Money on Transaction Charges

Compare Zerodha with Paytm Money on transaction charges and PCM fee by segment.

Transaction Charges - Compare Zerodha with Paytm Money
Transaction Charges Compare Zerodha Paytm Money
Equity Delivery Rs 325 Per Cr Rs 345 Per Cr
Equity Intraday Rs 325 Per Cr Rs 345 Per Cr
Equity Futures Rs 190 Per Cr Rs 200 Per Cr
Equity Options Rs 5000 Per Cr Rs 5300 Per Cr
Currency Futures Rs 135 Per Cr NA
Currency Options Rs 4400 Per Cr NA
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for zerodha Complete Brokerage Plans for paytm-money
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Account Features

Compare Zerodha vs Paytm Money on Account Features

Compare Zerodha with Paytm Money on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Zerodha offers 3-in-1 account where Paytm Money offers only 2-in-1 account which includes trading and demat account. Algo Trading - Zerodha offers Algo Trading where Paytm Money doesn't offers Algo Trading. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - Zerodha offers NRI where Paytm Money doesn't offers NRI Trading.

Account Features - Zerodha with Paytm Money
Account Features Compare Zerodha Paytm Money
3 in 1 Account Yes, Zerodha have 3-in-1 accounts. Bank Account, Demat and Trading account. No Zerodha have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts No No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:10 PM 3:10 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Zerodha vs Paytm Money on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Zerodha and Paytm Money. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Zerodha with Paytm Money
Trading Platform Compare Zerodha Paytm Money
Desktop Trading Platform Kite By Zerodha Paytm Money
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No No
Desktop Platform (Mac) No Yes
Web Trading Platform Yes Yes
Web Trading Detail Paytm Money Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Zerodha Kite Paytm Money App
Mobile Trading App Demo Zerodha Kite Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Zerodha Kite Download Andriod Paytm Money App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Zerodha Kite Download iOS Paytm Money App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Rs. 30 per month
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Zerodha Equity Intraday and Delivery Brokerage Calculator for Paytm Money
Futures Brokerage Calculator Futures Brokerage Calculator for Zerodha Futures Brokerage Calculator for Paytm Money
Options Brokerage Calculator Options Brokerage Calculator for Zerodha Options Brokerage Calculator for Paytm Money
Detail Detail on Trading Platforms for zerodha Detail on Trading Platforms for paytm-money

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Broker Ratings by Users

Compare Zerodha vs Paytm Money on User Rating

  Zerodha Paytm Money
  159 Customer Reviews    Rate Zerodha 4 Customer Reviews    Rate Paytm Money
Fees Ratings 4.0 3.8
Trading Brokerage Rating 4.5 4.5
Trading Platform Usability 3.7 3.0
Customer Service Ratings 3.8 3.5
Overall Ratings Rated 3.9 stars Rated 4.0 stars
Broker Rating Zerodha is Rated 3.9 / 5 based on 159 customer reviews Paytm Money is Rated 4.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Zerodha vs Paytm Money on Investment Offerings

Compare Zerodha with Paytm Money on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Zerodha offers trading options in Commodity (MCX) where Paytm Money doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Zerodha with Paytm Money
Investment Offerings Compare Zerodha Paytm Money
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity Yes No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options NIL NPS
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Order Types

Compare Zerodha vs Paytm Money on Order Types

Order Type - Compare Zerodha with Paytm Money on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Paytm Money provides Bracket Orders (BO) where Zerodha doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Zerodha offers Good Till Cancelled (GTC) orders where Paytm Money doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Zerodha with Paytm Money
Order Type Compare Zerodha Paytm Money
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Zerodha vs Paytm Money on Customer Service

Compare Zerodha with Paytm Money on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Zerodha with Paytm Money
Customer Service Compare Zerodha Paytm Money
24/7 Customer Service Zerodha vs Paytm Money - 24x7 customer support No No
Email Support Zerodha vs Paytm Money - Email Support Yes Yes
Onine Live Chat Zerodha vs Paytm Money - Onine Live Chat No No
Phone Support Zerodha vs Paytm Money - Phone Support Yes Yes
Toll Free Number Zerodha vs Paytm Money - Toll Free Number No No
Through Branches Zerodha vs Paytm Money - Through Branches Yes No
Customer Care Number Zerodha vs Paytm Money - Customer Care Number "+ 91 80 4040 2020" Info Not Available
Account Opening Process Zerodha vs Paytm Money - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Zerodha vs Paytm Money - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Zerodha vs Paytm Money - Knowledge Center/Education https://zerodha.com/varsity/ https://www.paytmmoney.com/care
Head Office Address Zerodha vs Paytm Money - Head Office Address/Corporate Address Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Website Zerodha vs Paytm Money - Company Website https://zerodha.com/ https://www.paytmmoney.com/
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Tips/Research/Reports Published

Compare Zerodha vs Paytm Money on Research Reports, Tips

Compare Zerodha with Paytm Money on research reports and tips provided by the broker.

Research Reports - Compare Zerodha with Paytm Money
  Zerodha Paytm Money
Research Mutual Funds Zerodha vs Paytm Money - Research Mutual Funds No No
Research Equity Reports Zerodha vs Paytm Money - Research Equity Reports No No
Research ETF Zerodha vs Paytm Money - Research ETF No No
Daily Market Report Zerodha vs Paytm Money - Daily Market Report No No
Free Tips Zerodha vs Paytm Money - Free Tips No No
Quarterly Result Analysis Zerodha vs Paytm Money - Quarterly Results No No
News Alerts Zerodha vs Paytm Money - No No
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Demat Account

Compare Zerodha vs Paytm Money on Demat Account

Compare Zerodha with Paytm Money on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Paytm Money is Zero where for Zerodha is ₹300 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Zerodha is ₹8 + ₹5.50 (CDSL Charges) per transaction where for Paytm Money is ₹10 per ISIN.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Zerodha with Paytm Money
  Zerodha Paytm Money
DP Source CDSL CDSL
DP ID Zerodha vs Paytm Money - DP ID 81600 CDSL: 1208
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Zero
Advance Deposit Nil Nil
Statutory charges ₹50 Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 (CDSL Charges) per transaction ₹10 per ISIN
Demat ₹150 per certificate + ₹100 courier charges ₹250 per 100 shares
Remat ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹250 per 100 shares
Pledge Creation ₹20 + ₹12 CSDL charges ₹32 per ISIN
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹20 + ₹12 CSDL charges ₹32 per ISIN
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹20 ₹32 per ISIN
Failed Instruction Charges ₹50 per instraction Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Zerodha vs Paytm Money on Special Offers and Promotion

Compare Zerodha with Paytm Money on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Zerodha vs Paytm Money on Special Offers and Promotion
  Zerodha Paytm Money
Pay In and Pay Out Options Zerodha vs Paytm Money - Pay In and Pay Out Options pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Zerodha vs Paytm Money - Payout Time Max 24 hrs except for bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Zerodha vs Paytm Money - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). Paytm Money allows 190+ Banks.
Bank Detail HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
Info Not Available
Likes
  • 0 brokerage on delivery trades.
  • Max Rs. 20 brokerage on intraday and F&O trades.
  • Open Zerodha IDFC First 3-in-1 Account (Demat + Trading + IDFC First Bank).
  • Zero brokerage investment in direct mutual funds on Coin.
  • 100% online account opening and account closure facility.
  • Apply for IPO online for Free.
  • Kite superfast and feature-rich web and app trading platform.
  • Zerodha Varsity, a free stock-market learning platform for beginners.
  • Zerodha offers NRI Trading services.
  • Free UPI-based hassle-free fund transfer process.
  • Advanced order placement facility; bracket order, cover order, and after-market order.
  • Zerodha GTT (Good Till Triggered) order feature.
  • Zero minimum deposit.
  • No hidden charges.
  • Zero-level Debt Company.

Detail Review...

  • Lowest brokerage online trading at Rs. 15 per order.
  • No brokerage on delivery orders and intraday and F&O trade at even low brokerage of Rs. 10/order for account opened before 5 August 22.
  • Invest in direct mutual funds for free and get upto 1% higher return.
  • Get free mutual fund advisory services.
  • One-tap switch facility to switch external regular mutual fund investment to direct mutual funds.
  • Apply for IPO online.
  • Advanced orders like bracket order, cover order, and after market order.
  • Place GTT (Good Till Triggered) order to place longer period order.
  • Easy to use and great design platforms for traders and investors.
  • Online fund transfer via 190+ supported banks.
  • Fund transfer via UPI is free.
  • Paytm Wealth Academy to boost financial education for beginners.
  • No hidden charges & investment fee.

Detail Review...

Dislikes
  • Zerodha doesn’t offer intraday trading tips, recommendations, research, or advisory facility.
  • High call & trade charges of Rs. 50 per executed order.
  • High auto square off charges of Rs. 50 per executed order.
  • Zerodha does not provide Free Unlimited Monthly Brokerage Plan.
  • The 3-in-1 account opening facility is only available with IDFC First Bank.
  • Zerodha only offers NSE SME IPO, IPO that will list on the BSE SME platform are not available.

Detail Review...

  • It does not offer commodity and currency trading.
  • Paytm Money charges 30/month platform fees or Rs. 300 per year.
  • You cannot open a 3-in-1 account.
  • NRIs cannot open an account with Paytm Money.
  • It does not offer zero brokerage unlimited monthly trading plans.
  • Very high call & trade charges of Rs. 300/order.
  • Delivery trading is not free for new customers who opened accounts after August 22.

Detail Review...

Special Offers/Promo Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry Open Zerodha Account Now>> Open Paytm Money Account Now>>

Last Updated on 2022-06-02T23:45:15+00:00

Zerodha FAQs

Paytm Money is relatively a new broker in the discount broking space whereas Zerodha has built a strong reputation in the Indian broking industry with the largest market share. Let’s find out the comparison between Zerodha and Paytm Money on various bases to know which one to choose? or which broker is the best?

Zerodha Vs Paytm Money, which one is the best?

Basis of difference Zerodha Paytm Money
Online trading products Wide range of products including equity, F&O, commodity, Currency, IPO, and fixed income products. Limited trading products i.e. equity, NPS and does not provide derivative, commodity, and currency trading.
Mutual Fund First broker to offer Direct mutual fund investment at zero brokerage. Recently in 2019, started offering commission-free Direct mutual fund investment
Trading Platform Best trading platforms with advanced features like Zerodha Kite (Web and mobile app) and Zerodha Coin (Direct Mutual fund investment platform) Simple and easy to use platforms but available with limited features like Paytm Money Web and Paytm Money App
Brokerage charges Free delivery trading and Flat Rs. 20 per order in other segments. Lower brokerage charges with 0 brokerage delivery trading and flat Rs. 10 per order intraday charges.

It is clear that despite lower intraday trading charges of Paytm Money, Zerodha is the best broker because of multiple products offering, pioneering trading platforms, a large clientele base, and a strong reputation in the broking space.

 

In a simple and clear answer point of view, we can say "No". Paytm Money is not better than Zerodha. Just don't compare brokerage, brokerage is a very small amount when you do trading.

Both brokers offer Free delivery trade, Zerodha is charging Max Rs 20 and Paytm Money is charging Max Rs 10.

Zerodha's policy is very clear, they always have an account opening fee and Demat AMC. But other than this company is not charging any extra fees/charges.

Where Paytm Money is offering Free Trading and Demat account, but charging Rs 200 for Digital KYC (Which is nothing but account opening charges) and Rs 300 for platform fee which is equal to Zerodha Demat AMC.

So if I compare Zerodha and Paytm Money on account opening charges and AMC, you will end up paying the same amount PA.

Platform wise Zerodha has must better and robust trading platform. Zerodha Kite and Coin both are in-house developed platforms. Both Web and Mobile trading platforms are well integrated with some external software. Zerodha has a very strong hold in ALGO trading.

Where Paytm Money is quite new at this point and provides basic trading software.

In summary, Paytm Money is using Paytm's brand name, but compared to Zerodha they are far behind in the trading/ brokerage business. Paytm Money is good for investor and beginners to start trading journey. Zerodha is good for all type of investor. Please use below link to Open Account with Zerodha.