Paytm Money rolled out the Stock Trading Services earlier this week. Learn how to take advantage of this service.
new Delhi. Paytm Money, the largest mobile wallet company, rolled out the Stock Trading Services earlier this week. Paytm already has mutual funds and National Pension Scheme (NPS) in its portfolio. The stock trading option is currently accessible only by Android users. Soon this feature will also be turned on for iOS users, the company is working on it. Paytm Money got permission from SEBI to start stock trading service only in December last year.
Know all the important things related to it-
The entire process from opening an account on Paytm Money to KYC is paperless. It has the facility of digital KYC. With this, the entire process takes only 24 hours. Customers can set a price alert on this, as well as create multiple watchlists to track real time prize changes of up to 50 stocks.
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With this, you will keep getting updated information of the market, from which you can get the details of the market movers based on which movers are running in the most profit or which are the most in loss.
In this way, open the demat account from Paytm Money – First click on the open demat account and fill the form. After that you will get a call from the Paytm Executive. Then you will get a link via SMS on your mobile and your email id. Go to the link and complete your KYC.
For the KYC process, you will need some documents like PAN card number, Aadhaar. Client ID and password will be available within 24 hours of the completion of the KYC process.
Fees for Paytm Money Stock Broking Platform – Paytm Money charges Rs 300 for opening an account and Rs 200 for Digital KYC.
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