Paytm Money Limited vs SBI Securities

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

Paytm Money Limited
Paytm Money Limited
Discount Broker · since 2017
VS
SBI Securities
Full-Service Broker · since 2006
SBI Securities

Paytm Money Limited vs SBI Securities — quick verdict

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.

Choose SBI Securities if

You want research and offline support

Investing Made Easy.

Company overview

Paytm Money Limited is a discount broker incorporated in 2017; SBI Securities is a full-service broker incorporated in 2006.

ParameterPaytm Money LimitedSBI Securities
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX · NCDEX · MSEI NSE · BSE · MCX
Year of incorporation 2017 2006 older
Number of branches 0 1,000+ SBI Investor Service Centres & Ba wider
Active clients 21 Million+ Users* ~13.7 lakh larger

Charges & AMC

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

ParameterPaytm Money LimitedSBI Securities
Trading a/c opening ₹0 (Free) ₹0 (Free)
Trading a/c AMC ₹0 ₹0 (Free)
Demat a/c opening ₹0 (Free) ₹0 (Free)
Demat a/c AMC ₹0 (Lifetime Free) ₹0 (Free for the first year), thereafter as per applicable tariff plan
DP charges (per ISIN, sell) ₹20 per debit transaction ₹15.34 per debit transaction lower

Brokerage charges

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

ParameterPaytm Money LimitedSBI Securities
Equity Delivery ₹20 per executed order 0.50%
Equity Intraday ₹20 per executed order 0.05%
Equity Futures ₹20 per executed order or 0.02% (whichever is lower) 0.05%
Equity Options ₹20 per executed order ₹50 per executed order
Currency F&O ₹20 per executed order 0.05%
Commodity F&O ₹20 per executed order 0.05%
Call & Trade ₹50 per executed order ₹50 per executed order

Transaction charges (exchange turnover)

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

ParameterPaytm Money LimitedSBI Securities
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%)
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%)
Equity Futures NSE: 0.00173% NSE ₹173 per Cr (0.00173%) | BSE ₹173 per Cr (0.00173%)
Equity Options NSE: 0.03503% (on premium) NSE ₹3,503 per Cr (0.03503%) | BSE ₹3,250 per Cr (0.0325%)
Currency Futures NSE: 0.00035% NSE ₹35 per Cr (0.00035%) | BSE ₹35 per Cr (0.00035%)
Currency Options NSE: 0.0311% (on premium) NSE ₹3,100 per Cr (0.0311%) | BSE ₹1,000 per Cr (0.01%)
Commodity Futures MCX: 0.00210% MCX ₹260 per Cr (0.00260%)
Commodity Options MCX: 0.04180% (on premium) MCX ₹5,000 per Cr (0.05%)

Demat & DP charges

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

ParameterPaytm Money LimitedSBI Securities
Demat Account Opening ₹0 ₹0 (Free)
Annual Maintenance Charges (AMC) ₹0 (Lifetime Free) ₹0 (First Year), thereafter as per tariff
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 Nil
Transaction Charges (Sell) — ₹15.34 per debit transaction
Pledge Creation / Invocation — ₹25 + GST per request
Remat — ₹25 per certificate + applicable charges

Margin & leverage (MTF)

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

ParameterPaytm Money LimitedSBI Securities
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x) As per SEBI peak margin norms (Up to 5x)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (1x)
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 Paytm Money Limited and SBI Securities.

ParameterPaytm Money LimitedSBI Securities
3-in-1 account ✕ No ✓ Yes better
Automated / API trading ✓ Yes better ✕ No
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms Paytm Money Web, Paytm Money App SBI Smart, SBI Securities Mobile App, SBI Smart Xpress
Intraday square-off 3:15 PM 3:15 PM
Other TradingView Charts, Basket Orders, Option Chain, Stock SIP, Price Alerts, ETF Investing, NPS, Margin Trading Facility (MTF), eDIS 3-in-1 account, MTF, research reports, IPO investment, mutual funds, ETFs and fixed-income products.

Trading platforms & apps

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

ParameterPaytm Money LimitedSBI Securities
Trading platforms offered Paytm Money Web, Paytm Money App, TradingView Charts SBI Smart, SBI Securities Mobile App, SBI Smart Xpress
Number of platforms 3 3
Platforms (summary) Paytm Money Web, Paytm Money App SBI Smart, SBI Securities Mobile App, SBI Smart Xpress
Mobile / desktop apps Web, Mobile, Integrated Charting Web, Mobile, Desktop

User ratings

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

Rated onPaytm Money LimitedSBI Securities
Fees 4.8 better 4.2
Brokerage 4.8 better 4.2
Trading platform 4.5 better 4.3
Customer service 4.1 4.4 better
Research 3.8 4.5 better
Overall 4.4 better 4.3

Investment options

Which investment products Paytm Money Limited and SBI Securities let you access.

ParameterPaytm Money LimitedSBI Securities
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 Paytm Money Limited and SBI Securities.

ParameterPaytm Money LimitedSBI Securities
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes better ✕ No

Safety & credibility

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

ParameterPaytm Money LimitedSBI Securities
SEBI registration INZ000240532 INZ000200032
NSE member code 90165 13018
Year of incorporation 2017 2006 longer track record
Net worth ₹366.98 Cr ₹1,000+ Cr stronger
Exchange memberships NSE · BSE · MCX · NCDEX · MSEI NSE · BSE · MCX
Latest complaint ratio 0.002% fewer complaints 0.088%

Complaints record

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

ParameterPaytm Money LimitedSBI Securities
Latest financial year 2025–26 2025-26
Exchange NSE NSE
Active clients 765,696 13,69,945 larger base
Complaints filed 14 1,208
Complaint ratio 0.002% fewer complaints 0.088%

Pros & cons

The main advantages and drawbacks of each broker.

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.
SBI Securities

▲ Pros

  • ✓ Integrated 3-in-1 account with SBI Bank.
  • ✓ Trusted SBI Group full-service broker.
  • ✓ Comprehensive equity research and investment recommendations.
  • ✓ Trade in Stocks, F&O, IPOs, Mutual Funds, ETFs and Bonds.
  • ✓ Advanced web and mobile trading platforms.
  • ✓ Margin Trading Facility (MTF) available.
  • ✓ Wide branch network and customer support.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Demat AMC may apply after the promotional period.
  • ✕ Call & Trade service is chargeable.
  • ✕ Advanced trading tools are limited compared to some competitors.
  • ✕ Certain services and brokerage plans have eligibility conditions.
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Compare SBI Securities with

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