Groww vs Paytm Money Limited

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

Groww
Groww
Discount Broker · since 2016
VS
Paytm Money Limited
Discount Broker · since 2017
Paytm Money Limited

Groww vs Paytm Money Limited — quick verdict

Choose Groww if

You want low-cost, self-directed trading

Investing Made Simple

Choose Paytm Money Limited if

You want low-cost, self-directed trading

Invest in stocks, F&O, mutual funds and IPOs with zero lifetime AMC and a technology-first trading platform.

Company overview

Groww is a discount broker incorporated in 2016; Paytm Money Limited is a discount broker incorporated in 2017.

ParameterGrowwPaytm Money Limited
Type of broker Discount Broker Discount Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX · NCDEX · MSEI
Year of incorporation 2016 older 2017
Number of branches Not Disclosed 0
Active clients ~1.29 Crore larger 21 Million+ Users*

Charges & AMC

Account-opening and maintenance charges for Groww and Paytm Money Limited compared side by side.

ParameterGrowwPaytm Money Limited
Trading a/c opening ₹0 (Free) ₹0 (Free)
Trading a/c AMC ₹0 (Free) ₹0
Demat a/c opening ₹0 (Free) ₹0 (Free)
Demat a/c AMC ₹0 (Free) ₹0 (Lifetime Free)
DP charges (per ISIN, sell) Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) lower ₹20 per debit transaction

Brokerage charges

How Groww and Paytm Money Limited price each trading segment, per executed order.

ParameterGrowwPaytm Money Limited
Equity Delivery ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5) ₹20 per executed order
Equity Intraday ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5) ₹20 per executed order
Equity Futures ₹20 per executed order ₹20 per executed order or 0.02% (whichever is lower)
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O ₹20 per executed order ₹20 per executed order
Commodity F&O ₹20 per executed order ₹20 per executed order
Call & Trade Not Available ₹50 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Groww and Paytm Money Limited, per segment.

ParameterGrowwPaytm Money Limited
Equity Delivery NSE: 0.00297% | BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Intraday NSE: 0.00297% | BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Futures NSE: 0.00173% | BSE: 0.00% NSE: 0.00173%
Equity Options NSE: 0.03503% (on premium) | BSE: 0.0325% (on premium) NSE: 0.03503% (on premium)
Currency Futures NSE: 0.00012% | BSE: 0.00005% NSE: 0.00035%
Currency Options NSE: 0.0325% (on premium) | BSE: 0.001% (on premium) NSE: 0.0311% (on premium)
Commodity Futures MCX: 0.00210% MCX: 0.00210%
Commodity Options MCX: 0.04180% (on premium) MCX: 0.04180% (on premium)

Demat & DP charges

Depository (demat) charges for Groww and Paytm Money Limited — AMC, debit transactions, pledging and remat.

ParameterGrowwPaytm Money Limited
Demat Account Opening ₹0 (Free) ₹0
Transaction Charges (Sell) Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) —
Transaction Charges Demat Account Opening ₹0 (Free) Transaction Charges (Sell) Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) Annual Maintenance Charges (AMC) ₹0 —
Pledge / Unpledge ₹20 per ISIN —
Remat ₹150 per certificate + courier charges —
Failed Demat Transaction ₹50 per ISIN —
Annual Maintenance Charges (AMC) — ₹0 (Lifetime Free)
Debit Transaction Charges — ₹20 per sell transaction
Pledge / Unpledge Charges — ₹20 per transaction (Margin pledge/unpledge as per current tariff)
Dematerialisation (Demat) — ₹250 per certificate / per scheme
Rematerialisation (Remat) — ₹250 per certificate / per scheme
Failed Transactions — Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Groww and Paytm Money Limited.

ParameterGrowwPaytm Money Limited
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday As per SEBI peak margin rules (Up to 5x*) VAR + ELM Margin (Up to 5x)
F&O (Equity/Currency/Commodity) SPAN + Exposure Margin (1x) SPAN + Exposure Margin (As per available margin)
Equity Options (Buy) — Premium Value (Not Applicable)
Equity Options (Sell) — SPAN + Exposure Margin (As per available margin)
Currency Futures & Options — SPAN + Exposure Margin (As per available margin)
Commodity Futures & Options — SPAN + Exposure Margin (As per available margin)

Features & account

Account type and feature availability across Groww and Paytm Money Limited.

ParameterGrowwPaytm Money Limited
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms Groww Web, Groww Mobile App, Groww API Paytm Money Web, Paytm Money App
Intraday square-off 3:20 PM 3:15 PM
Other Stock SIP, Option Chain, Price Alerts, Advanced Charts, Watchlists, Portfolio Tracking, Margin Trading Facility (MTF), IPO Investment, Direct Mutual Funds. TradingView Charts, Basket Orders, Option Chain, Stock SIP, Price Alerts, ETF Investing, NPS, Margin Trading Facility (MTF), eDIS

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by Groww and Paytm Money Limited.

ParameterGrowwPaytm Money Limited
Trading platforms offered Groww Web, Groww App Paytm Money Web, Paytm Money App, TradingView Charts
Number of platforms 2 3 more choice
Platforms (summary) Groww Web, Groww Mobile App, Groww API Paytm Money Web, Paytm Money App
Mobile / desktop apps Web, Mobile Web, Mobile, Integrated Charting

User ratings

User ratings for Groww and Paytm Money Limited across the key parameters.

Rated onGrowwPaytm Money Limited
Fees 4.7 4.8 better
Brokerage 4.6 4.8 better
Trading platform 4.8 better 4.5
Customer service 4.3 better 4.1
Research 4.1 better 3.8
Overall 4.6 better 4.4

Investment options

Which investment products Groww and Paytm Money Limited let you access.

ParameterGrowwPaytm Money Limited
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by Groww and Paytm Money Limited.

ParameterGrowwPaytm Money Limited
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes ✓ Yes

Safety & credibility

SEBI registration, financial strength and complaint record for Groww and Paytm Money Limited.

ParameterGrowwPaytm Money Limited
SEBI registration INZ000301838 INZ000240532
NSE member code 90187 90165
Year of incorporation 2016 longer track record 2017
Net worth Not Publicly Disclosed ₹366.98 Cr
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX · NCDEX · MSEI
Latest complaint ratio 0.009% 0.002% fewer complaints

Complaints record

Exchange complaint data for Groww and Paytm Money Limited — the ratio matters more than the raw count.

ParameterGrowwPaytm Money Limited
Latest financial year 2023–24 2025–26
Exchange NSE NSE
Active clients 95,38,609 larger base 765,696
Complaints filed 834 14
Complaint ratio 0.009% 0.002% fewer complaints

Pros & cons

The main advantages and drawbacks of each broker.

Groww

▲ Pros

  • ✓ Simple and beginner-friendly trading platform.
  • ✓ Fully digital and paperless account opening process.
  • ✓ Supports investment in stocks, mutual funds, ETFs, IPOs and F&O.
  • ✓ Available on both web and mobile platforms.
  • ✓ Transparent brokerage structure.
  • ✓ Easy portfolio tracking and fund management.
  • ✓ Supports multiple exchanges including NSE, BSE and MCX.
  • ✓ Secure online investment platform with modern trading tools.

▼ Cons

  • ✕ Limited physical branch network.
  • ✕ Research and advisory services are comparatively limited.
  • ✕ Call & Trade facility is not available.
  • ✕ Advanced trading features may be fewer than some full-service brokers.
  • ✕ Customer support response time may vary during peak market hours.
  • ✕ Margin funding and premium research offerings are limited compared to some competitors.
Paytm Money Limited

▲ Pros

  • ✓ Zero lifetime Demat AMC.
  • ✓ Competitive flat brokerage across trading segments.
  • ✓ Fully digital and paperless account opening.
  • ✓ Supports stocks, F&O, commodities, IPOs, mutual funds, ETFs, bonds, and NPS.
  • ✓ Modern web and mobile trading platforms with advanced charting.
  • ✓ GTT orders, Basket Orders, Stock SIP, and Margin Trading Facility available.

▼ Cons

  • ✕ Limited offline branch network.
  • ✕ Research and advisory services are not as comprehensive as full-service brokers.
  • ✕ Call & Trade service is chargeable.
  • ✕ No dedicated desktop trading software.
  • ✕ Customer support response time may vary during peak market hours.
Open Groww Account Open Paytm Money Limited Account

Explore more comparisons

Compare Groww with

Groww vs Zerodha Groww vs Angel One Groww vs Upstox Groww vs ICICIdirect Groww vs Kotak Neo Groww vs HDFC Securities Groww vs SBI Securities Groww vs Motilal Oswal Financial Services Limited (MOFSL) Groww vs Mirae Asset Sharekhan Limited

Compare Paytm Money Limited with

Paytm Money Limited vs Zerodha Paytm Money Limited vs Angel One Paytm Money Limited vs Upstox Paytm Money Limited vs ICICIdirect Paytm Money Limited vs Kotak Neo Paytm Money Limited vs HDFC Securities Paytm Money Limited vs SBI Securities Paytm Money Limited vs Motilal Oswal Financial Services Limited (MOFSL) Paytm Money Limited vs Mirae Asset Sharekhan Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.