Paytm Money Limited commonly known as Paytm Money is a Bengaluru based discount broking firm that was established in 2017. Paytm Money is India’s largest and leading digital goods and mobile services platform. It works under Paytm so if you want to know about Paytm Money then you must know about the Paytm application before.
Paytm is an Indian multinational technology company that deals in digital goods and online mobile services. There are a couple of Paytm applications out there on Google play that works under Paytm Co.
These are the applications that work under Paytm; Paytm Mall, Paytm Money, Paytm Business. Paytm is an RBI approved Indian e-commerce payment system that offers their user experience a safe and secured payment mode. If you want to know all about the Paytm Money app then you’ve visited the right place, in this article, we are going to tell you all about the Paytm Money app. So shall we start?
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Paytm Money Referral Code APK App Download
| Paytm Money Referral Code | fg9e6br6 |
|---|---|
| Paytm Money App Download | Download Now |
| Signup Bonus | Rs.1000 |
| Refer Bonus | Rs.1000 |
All About Paytm Money App
- Paytm Money is a Securities and Exchange Board of India (SEBI) registered stockbroker and an Investment Advisor.
- Paytm Money initially started as a direct mutual fund investment platform and now it became India’s largest and leading goods and mobile platform.
- At end of the 2020s, Paytm Money spread its product offering by including a pension scheme, Equity trading, IPO investment, ETFs, and digital gold.
- Lately, the company developed its trading platform by launching F&O trading services.
- Paytm Money is one of the best stockbroker and investment apps that offer competitive charges for trading with free Equity Delivery trading.
- Paytm Money has its own trading platform that is called Paytm Money (web and mobile trading applicant) that offer an integrated trading experience to its investors.
- It is one of the safest and most secured trading platforms that offers bank-level data security.
Paytm Money is an online discount broker and trading application, it doesn’t offer and tips or suggestions on investment and trading.
Being a SEBI registered Investment advisor, it does offer advisory services in the form of investment.
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Paytm Money Online Account Opening Process
Paytm Money is an online trading and investment platform, so it only allows access to the customers who want to create an online account.
Create an Account with Paytm Money
It is so easy to create an account in the Paytm Money app
All you need to do is just sign up by entering asked details, creating an account in the Paytm Money app is totally paperless work.
- Visit the Website: Go to the official Paytm Money website (www.paytmmoney.com).
- Sign Up/Register: Look for the “Sign Up” or “Register” button and click on it. You’ll likely be asked to provide your mobile number and email address to begin the registration process.
- Mobile Verification: Paytm Money will send an OTP (One-Time Password) to the mobile number you provided. Enter the OTP to verify your mobile number.
- Email Verification: You might also need to verify your email address by clicking on a verification link sent to your email inbox.
- Personal Details: Fill in your personal details, including your name, date of birth, PAN (Permanent Account Number), and other relevant information. PAN is essential for investing in financial instruments in India.
- KYC Process: Complete the KYC (Know Your Customer) process by submitting necessary documents. This might include uploading a scanned copy of your PAN card, Aadhaar card, address proof, and a passport-sized photograph.
- Bank Account Linking: Link your bank account to your Paytm Money account. This account will be used for transactions related to your investments and withdrawals.
- Access Your Account: Once your account is verified and set up, you’ll be able to log in to your Paytm Money account. You can explore different mutual fund schemes, investment options, and start investing based on your preferences.
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Pros and Features of Paytm Money App
- It is a simple and effective trading app that allows you to trade from anywhere.
- Simple pricing platform with the cheapest trading charges.
- It offers free equity trading delivery.
- Zero maintenance charge.
- It allows you to open a digital account instantly.
- The app contains Inhouse Brokerage Calculator.
- It offers you a lot of options such as; option to invest online in digital gold and NPS along with stocks, derivatives, and MFs.
- It is a direct Mutual Funds platform that helps you to earn an extra 1% return.
- It offers Mutual Fund Investment Advisory Services.
- 100% paperless work.
Cons and Drawbacks of Paytm Money (Referral Code)
- There’s no branch of Paytm out there, all you got is digital work.
- Margin funding service is not available.
- It does not serve Margin against shares either.
- It does not allow an NRI to have a trading account.
- There’s is no such facility as unlimited monthly trading plans.
Key Offerings of Paytm Money (Referral Code)
Mutual Fund Investments
Paytm Money enables users to invest in a wide array of mutual funds, spanning different asset classes and risk profiles.
The platform provides detailed information about various funds, empowering users to select investments that align with their objectives.
Paperless KYC
Paytm Money streamlines the Know Your Customer (KYC) process by offering paperless verification.
Users can complete their KYC requirements digitally, reducing paperwork and enhancing convenience.
Seamless Transactions
The platform allows users to invest, redeem, and switch between mutual funds seamlessly.
Additionally, Paytm Money provides features such as SIP (Systematic Investment Plan) and SWP (Systematic Withdrawal Plan), enabling investors to automate their investment strategies.
Investor Education
Recognizing the importance of financial literacy, Paytm Money offers educational resources to help users understand the nuances of investing.
This empowers investors to make informed choices and enhance their financial acumen.
Tracking and Insights
Paytm Money equips users with tools to track the performance of their investments.
It provides insights, historical data, and analytical tools that aid investors in assessing the growth and profitability of their portfolio
Frequently Asked Questions
1. How does Paytm Money works?
Paytm Money is a low-cost online trading app that charges Rs.200 for account opening and has zero maintenance charges.
Paytm Money does not provide tips or recommendations for stocks, but it does provide advisory services for Mutual Funds.
2. How much money does Paytm Money charge for trading?
Paytm Money is a low-cost trading app and so it sometimes charges 0.01 to more (depends on your order) sometimes it doesn’t charge a single rupee.
Here an investor will have to pay other transaction charges like STT, exchange transaction charges, GST, Stamp Duty over and above the brokerage.
3. How to invest money in the Paytm Money app?
To invest money in the Paytm Money application you need to first install the app or open the official website and then create a trading and Demat account with Paytm Money.
Once, you’re trading and Demat account are created you’re now ready to invest, you need to login into your account and start investing.
4. What are the trading platform offered by the Paytm Money app?
Paytm Money offers a possessory trading platform to the investors that are known as Paytm Money.
Paytm Money trading platform is available on both the web and as a mobile app.
It also offers call and trade services to its investors.
A) Paytm Money Trading App
Paytm Money app is a mobile application that works under the Paytm Money trading platform that is available for Android and Apple smartphones.
B) Paytm Money website
Paytm Money website is an online trading platform that allows you to experience web-based trading.
It can be accessed from any laptop, computer, desktop or phone that has a web browser installed on it.
Conclusion
Here we have described all about the Paytm Money application if your find this article helpful then kindly share your experience with us in the comment section.
Kindly share it with the needy ones.