Paytm Money vs SBI Securities Reviews 2024 | Which Is Better
|Paytm Money vs SBI Securities
Paytm Money , founded in 2017 , is a discount broker. It offers trading on the NSE and BSE. It has one branch across India.Full Service Broker SBI Securities was founded in 2006. It provides trading on the The, Multi Commodity Exchange, NSE (national stock exchange) ,and BSE ( Bombay stock exchange) .There are 132 of its branches in India
Paytm Money
Paytm Money, on the other hand, attracts new and tech investors with
its user-friendly interface, low commissions and seamless integration with the Paytm
ecosystem. It stands out for its simplicity and accessibility, making it ideal for beginners. Both
platforms have their strengths, with Kotak suitable for in-depth trading and Paytm Money
facilitating and cost-effective investing.
Founded in 2017, Paytm Money Limited (commonly known as Paytm Money) is a discount
brokerage company based in Bengaluru. Paytm Money is a wholly owned subsidiary of
One97 Communications Ltd, India’s largest and leading digital products and mobile platform,
which also owns the Paytm Money brand. Paytm is an Indian e-commerce payment system
approved by the RBI. Paytm Money is a SEBI registered stockbroker and investment
advisor.
SBI Securities
SBI Securities Ltd (SSL) is the State Bank Group’s stock broking arm and a 100%
subsidiary of SBI Capital Markets Ltd. SSL is a full-service stockbroker. The company,
founded in 2006, provides Institutional Equity, Retail Equity, Derivatives, Broking, Depository
services, and Third Party Distribution products. They also offer online trading services for
investors and traders.
Also SBI Smart is the company’s premier trading platform. The portal enables both resident
and non-resident Indians (NRIs) to invest online in equity, derivatives, mutual funds, ETFs,
IPOs, and NCDs. It also provides financing products such as home loans, car loans, and
loans against securities (LAS). SSL is registered with the Securities Exchange Board of India
and is a Depository Participant with NSDL and CDSL.
Kotak Securities, founded in 1994, is a full-service broker. It offers trading on the BSE, NSE,
MCX, and NCDEX. It operates 153 branches across India. SBI Securities, founded in 2001,
is a full-service broker. It offers trading on the BSE and NSE. It operates 117 branches
across India.
Paytm Money | SBI Securities | |
Establishment Year | 2017 | 2006 |
Founder | Vijay Shekhar Sharma | Arun Mehta |
Exchange of Membership | NSE, BSE | BSE & NSE. |
Broker Type | Discount Broker | Full Service Broker |
Branches | 1 | 132 |
Paytm Money vs SBI Securities Charges
Charges | Paytm Money | SBI Securities |
Trade and Call Charge | (₹50 + 18% GST) per order. | Rs 10 per call (after 30 free calls a month |
Minimum Brokerage Charges | NA | Rs 0.05 for Cash, Rs 0.01 Future |
Paytm Money vs SBI Securities Offers
Offers | Paytm Money | SBI Securities |
Free AMC | ||
Free Brokerage | ||
Free Account Opening Charge | ||
Flat Brokerage Charges | , | |
Flexible Brokerage Charges | ||
Free Intraday Charges | ||
Free Delivery Charges | ||
Margin Funding and Pledging | ||
Refferal Offers | Upto Rs.700 per Client | |
Zero brokerage for Loss Making Trade | , Limited | |
Brokerage Cashback | ||
Free Trading Calls | ||
Free Research Report | ||
Paytm Money vs SBI Securities Product Provided
Type | Paytm Money | SBI Securities |
Equity Delivery | ||
Equity Intraday | ||
Equity Option | ||
Equity Future | ||
Currency Option | ||
Currency Future | ||
Commodity Options | ||
Commodity Future | ||
Mutual Funds | ||
Foreign stocks | ||
Banking | ||
Insurance | ||
Digital Gold | ||
Govt. Bonds | ||
Corporate Bonds | ||
Paytm Money vs SBI Securities Advisory Services Provided
Type | Paytm Money | SBI Securities |
IPO Service | icon name=”check” prefix=”fas”] | |
Weekly and Monthly Review | icon name=”check” prefix=”fas”] | |
Daily Stock Picks and Stock Tips | icon name=”check” prefix=”fas”] | |
PMS or PCG | icon name=”check” prefix=”fas”] | |
Trading Institution | , Investor Sarathi | |
Demat and Trading Service | ||
Intraday Service | ||
Share Pledging | ||
NRI Service | ||
3 In 1 Account | ||
Company and Annual Report | ||
Stock Recommendation and Research report | ||
Features Of Paytm Money vs SBI Securities
Features | Paytm Money | SBI Securities |
Chart | ||
Automated Trading | ||
3 in 1 Account | ||
Sms Alerts | ||
Margin Against Shares (Equity Cash) | ||
Margin Against Shares (Equity F&O) | ||
Online Portfolio | ||
Online Demo | ||
Intraday Square-Off Time | 3.15pm | 2:45 PM |
Global Indices | ||
Real Time Update | ||
Stock Tips | ||
Multi Profile Management | ||
Interactive Charts | ||
Customised Recommendation | ||
Online MF Buy | ||
Paytm Money vs SBI Securities Demat And AMC Charges
Paytm Money has Rs.0 annual maintenance cost (AMC) for trading accounts Many investors favour it because of its competitive cost, user-friendly layout, and excellent customer service . SBI Securities account opening fees are Rs 850. SBI Securities Demat Account AMC Charges are Rs 750 (free for the first year). Below the table shows Charges of both the platform.
Charges | Paytm Money | SBI Securities |
Demat Account Opening Charges | Rs.0 (Free) | Rs 850 |
Demat Account AMC Charges | Rs. 300 (from 2nd year) | 750 (Free for 1st Year) |
Trading Account Opening Charges | Rs. 0 (Free) | Rs 850 |
Trading Account AMC Charges | Rs. 0 (Free) | Rs 850 |
Paytm Money vs SBI Securities Brokerage Charges
Paytm Money offers low-cost brokerage with no delivery fees and competitive rates for intraday and F&O trades. whereas HDFC Securities charges 0.32% for equity broking and 0.032% for intraday trading. Special Offer: Invest in Equity Delivery and Direct Mutual Funds without paying any broking fees. Intra-day and F&O trades are charged a flat rate of Rs 20.Below the table shows brokerage charges of both the platforms.
Brokerage Charges | Paytm Money | SBI Securities |
Brokerage Plan | Flat Brokerage | Standard Plan |
Equity Delivery | Rs.15 per Trade & 2.5% (whichever is lower) | 0.50% of Transaction Value |
Equity Intraday | Rs.15 per Trade or 0.05% (whichever is Lower) | 0.075% of Transaction Value |
Equity Option | Rs.15 per Trade | Rs.50 to Rs.100 per lot |
Equity Future | Rs.15 per Trade or 0.02% (whichever is lower). | 0.05% of Transaction Value |
Currency Option | NA | Rs.20 to Rs.30 per lot |
Currency Future | NA | 0.05% of Transaction Value |
Commodity Option | NA | Rs.50 to Rs.100 per lot |
Commodity Future | NA | 0.05% of Transaction Value |
Paytm Money vs SBI Securities Leverage (Margin)
the Paytm Money offers up to 20% of the trade value (5x leverage) for intraday cash transactions, while the SBI Securities margin for intraday cash is likewise up to 20% of the trade value (5x leverage). Below the table shows some of its margin leverage
Leverage | Paytm Money | SBI Securities |
Equity Delivery | Up to 20% of Trade Value (5x leverage) | 100% of trade value of (1x leverage) |
Equity Intraday | 100% of Trade Value (1x Leverage) | Up to 20% of trade value of (5x leverage) |
F&O (Currency, Equity, Commodity) | 100% of NRML Margin (Span + Exposure) (1x Leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Paytm Money vs SBI Securities Pros And Cons
Pros:
Paytm Money | SBI Securities |
1)A direct mutual fund platformthat increases your returns by1%. 2)No Upkeep Fees Andinstantaneous establishment of a digital account. 3)Investments in mutual fundsthat are free of hidden fees. 4)A direct mutual fund platformthat increases your returns by1%. Investments in mutual funds that have no additional fees. A direct mutual fund platform that increases your returns by 1%. 5)Straightforward anduncomplicated trading systems.6) Offers to invest in stocks,derivatives, mutual funds, NPS,and digital gold. | 1)It Offer a 3-in-1 account foreasy transactions. 2) A wide variety of investingopportunities. Free researchreports are accessible. 3) Full-service broker thatprovides services both onlineand through branches. |
Cons:
Paytm Money | SBI Securities |
1)Fee for trading platforms: Rs.30 per month and No facility formargin trading. 2)There is no branch supportprovided and Order type for GTC is not available. 3)Trading in commodities andcurrencies is not possible. 4) No margin facility | 1)Full-service broker thatprovides services both onlineand through branches. 2) Offer a 3-in-1 account foreasy transactions. 3) A wide variety of investingopportunities. Free researchreports are available. |
Complaints Of Paytm Money vs SBI Securities
Data from 2024 reveals that Paytm Money received 193 complaints and resolved 170 whereas whereas SBI Securities received 180 complaints and resolved 161. This shows that SBI Securities performs better in terms of customer service than Paytm Money . as seen by the fact that it has a higher complaint resolution rate and fewer complaints overall.
Complaints | Paytm Money | SBI Securities |
Total Complaints Lodged | 193 | 180 |
Total Complaints Resolved | 170 | 161 |
% Of Total Complaints Resolved | 80.30% | 80.50 % |
Non Actionable Complaints | 27 | 12 |
% Of Non Actionable Complaints | 9.38% | 6.30% |
Paytm Money vs SBI Securities Transactions Charges
Below the table shows Equity Intraday, Equity Delivery, Equity Option , Future and
Commodity options/ Future and Currency Option/Future Transaction charges of both the
platform.
Transaction Charges | Paytm Money | SBI Securities |
Equity Delivery | NSE Rs 345 per Cr (0.00345%) | BSE Rs 375 per Cr (0.00375%) (sell side) | 0.00335% (NSE) &0.00375% (BSE) |
Equity Intraday | NSE Rs 345 per Cr (0.00345%) | BSE Rs 375 per Cr (0.00375%) (each side) | 0.00335% (NSE) & 0.00375% (BSE) |
Equity Option | NSE Rs 5300 per Cr (0.053%) (on premium) | 0.053% (on premium) |
Equity Future | BSE Rs 200 per Cr (0.002%) | 0.002% (NSE & BSE) |
Currency Option | NA | 0.037% (NSE) & 0.001% (BSE) |
Currency Future | NA | 0.0009% (NSE) & 0.00022% (BSE) |
Commodity Option | NA | 0.05% (Non Agri) |
Commodity Future | NA | NA |
Review Comparison Of Dhan vs SBI Securities By Customer
Paytm Money is rated 8 of 10 , whereas HDFC Securities is rated 8.5 of 10
Rating | Paytm Money | SBI Securities |
Brokerage | 8/10 | 8/10 |
Customers Service | 5.5/10 | 8.5/10 |
Fees | 9/10 | 6/10 |
Trading Platform | 7.5/10 | 8.5/10 |
Research | 610 | 9/10 |
Broker Rating | 7/10 | 8/10 |
Overall Rating | 8/10 | 8.5/10 |
Conclusion: . Paytm Money is praised for its low-cost architecture, intuitive user interface, and cutting-edge technologies like the Paytm Money platform. It is especially appealing to traders who are tech-savvy yet cost-conscious. Though both sites are trustworthy and regulated, the decision comes down to personal preferences: Paytm Money offers affordable costs and cutting-edge technology.SBI Securities, supported by the State Bank of India, offers dependable services at cheap broking fees and high customer confidence. Choosing between them is based on the importance of sophisticated features versus cost-efficiency and trust.
Customer Care Number/Email
Paytm Money :- 0120-3888388 / 0120-3925699
SBI Securities:- 022-42273373
Client can contact this number for clearing your doubt.
Kotak Securities Support Email: service.securities@kotak.com
SBI Securities Support Email :- helpdesk@sbicapsec.co
Client can contact on this email for clearing your doubt.