Through Paytm Money, you will now be able to invest in the share market
Currently, only Android users can access the stock trading option, but soon it will be launched for ios users as well.
New Delhi: Wallet company Paytm Money has launched 2 big features this week. One is the CIBIL score checking facility and the other is for those who are interested in the stock market. Actually now you can invest in the share market through Paytm.
Paytm ( Paytm portfolio of m) is already a mutual fund and the National Pension Scheme (NPS). Currently, only Android users can access the stock trading option, but it will be launched for ios users very soon.
You may know that even though Paytm has launched this facility now, the company got permission from SEBI in December last year to start the Stock Trading Service.
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How much will have to be paid? This facility is not free, but on Paytm money, a fee of Rs 300 is charged for opening an account and Rs 200 for digital KYC.
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.
Cibil score checking facility: Paytm has launched a new feature for its users. With this, users will now be able to check CIBIL Score on Paytm. Users can see their credit report in detail. Credit reports for active credit cards and loan accounts can now be viewed on the Paytm app itself. Apart from this, users will also get the facility to compare credit ratings on their own and city, state or national level. This entire process can be completed in only three steps and it will take less than 1 minute. The special thing is that users will not have to pay anything for this facility.
