Paytm Money vs Sahi
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Paytm Money
VS
Sahi
Paytm Money vs Sahi — quick verdict
Choose Paytm Money 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 Sahi if
You want low-cost, self-directed trading
Trading Simplified.
Company overview
Paytm Money is a discount broker incorporated in 2017; Sahi is a discount broker incorporated in 2021.
| Parameter | Paytm Money | Sahi |
|---|---|---|
| Type of broker | Discount Broker | Discount Broker |
| Exchange membership | NSE · BSE · MCX · NCDEX · MSEI | NSE · BSE |
| Year of incorporation | 2017 older | 2021 |
| Number of branches | 0 | Online Only |
| Active clients | 21 Million+ Users* | 1 Lakh+ larger |
Charges & AMC
Account-opening and maintenance charges for Paytm Money and Sahi compared side by side.
| Parameter | Paytm Money | Sahi |
|---|---|---|
| Trading a/c opening | ₹0 (Free) | ₹0 |
| Trading a/c AMC | ₹0 | ₹0 |
| Demat a/c opening | ₹0 (Free) | ₹0 |
| Demat a/c AMC | ₹0 (Lifetime Free) | ₹0 |
| DP charges (per ISIN, sell) | ₹20 per debit transaction | ₹13.5 per company (ISIN) on sell transactions lower |
Brokerage charges
How Paytm Money and Sahi price each trading segment, per executed order.
| Parameter | Paytm Money | Sahi |
|---|---|---|
| Equity Delivery | ₹20 per executed order | ₹10 or 0.05% per executed order (whichever is lower) |
| Equity Intraday | ₹20 per executed order | ₹10 or 0.05% per executed order (whichever is lower) |
| Equity Futures | ₹20 per executed order or 0.02% (whichever is lower) | ₹10 per executed order |
| Equity Options | ₹20 per executed order | ₹10 per executed order |
| Currency F&O | ₹20 per executed order | ₹10 per executed order |
| Commodity F&O | ₹20 per executed order | ₹10 per executed order |
| Call & Trade | ₹50 per executed order | Not Available |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Paytm Money and Sahi, per segment.
| Parameter | Paytm Money | Sahi |
|---|---|---|
| Equity Delivery | NSE: 0.00297% • BSE: 0.00375% | NSE: 0.0030699% • BSE: 0.00375% |
| Equity Intraday | NSE: 0.00297% • BSE: 0.00375% | NSE: 0.0030699% • BSE: 0.00375% |
| Equity Futures | NSE: 0.00173% | NSE: 0.0018299% |
| Equity Options | NSE: 0.03503% (on premium) | NSE: 0.0355299% (on premium) |
| Currency Futures | NSE: 0.00035% | NSE: 0.00035% |
| Currency Options | NSE: 0.0311% (on premium) | NSE: 0.03110% (on premium) |
| Commodity Futures | MCX: 0.00210% | MCX: As per applicable exchange charges |
| Commodity Options | MCX: 0.04180% (on premium) | MCX: As per applicable exchange charges |
Demat & DP charges
Depository (demat) charges for Paytm Money and Sahi — AMC, debit transactions, pledging and remat.
| Parameter | Paytm Money | Sahi |
|---|---|---|
| Demat Account Opening | ₹0 | ₹0 |
| Annual Maintenance Charges (AMC) | ₹0 (Lifetime Free) | ₹0 |
| Debit Transaction Charges | ₹20 per sell transaction | ₹13.5 per company (ISIN) on sell transactions |
| Pledge / Unpledge Charges | ₹20 per transaction (Margin pledge/unpledge as per current tariff) | ₹15 per transaction/ISIN + GST |
| Dematerialisation (Demat) | ₹250 per certificate / per scheme | ₹150 per certificate + courier charges |
| Rematerialisation (Remat) | ₹250 per certificate / per scheme | ₹150 per certificate + courier charges |
| Failed Transactions | Nil | ₹50 per ISIN |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Paytm Money and Sahi.
| Parameter | Paytm Money | Sahi |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | 100% of trade value (1x) |
| Equity Intraday | VAR + ELM Margin (Up to 5x) | VAR + ELM Margin (Up to 5x*) |
| Equity Futures | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (As per available margin) |
| Equity Options (Buy) | Premium Value (Not Applicable) | Premium Value (Not Applicable) |
| Equity Options (Sell) | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (As per available margin) |
| Currency Futures & Options | SPAN + Exposure Margin (As per available margin) | Not Available |
| Commodity Futures & Options | SPAN + Exposure Margin (As per available margin) | Not Available |
Features & account
Account type and feature availability across Paytm Money and Sahi.
| Parameter | Paytm Money | Sahi |
|---|---|---|
| 3-in-1 account | ✕ No | ✕ No |
| Automated / API trading | ✓ Yes better | ✕ No |
| Margin Trading (MTF) | ✓ Yes better | ✕ No |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | Paytm Money Web, Paytm Money App | Sahi Web, Sahi Mobile App |
| 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 | Advanced Charts, Option Chain, Watchlists, Price Alerts, Digital KYC, Real-time Market Data, Portfolio Tracking |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by Paytm Money and Sahi.
| Parameter | Paytm Money | Sahi |
|---|---|---|
| Trading platforms offered | Paytm Money Web, Paytm Money App, TradingView Charts | Sahi Web, Sahi Mobile App |
| Number of platforms | 3 more choice | 2 |
| Platforms (summary) | Paytm Money Web, Paytm Money App | Sahi Web, Sahi Mobile App |
| Mobile / desktop apps | Web, Mobile, Integrated Charting | Web, Mobile |
User ratings
User ratings for Paytm Money and Sahi across the key parameters.
| Rated on | Paytm Money | Sahi |
|---|---|---|
| Fees | 4.8 | 4.8 |
| Brokerage | 4.8 | 4.8 |
| Trading platform | 4.5 | 4.5 |
| Customer service | 4.1 | 4.2 better |
| Research | 3.8 | 3.8 |
| Overall | 4.4 | 4.4 |
Investment options
Which investment products Paytm Money and Sahi let you access.
| Parameter | Paytm Money | Sahi |
|---|---|---|
| Stocks / Equity | ✓ Yes | ✓ Yes |
| Commodity | ✓ Yes better | ✕ No |
| IPO | ✓ Yes better | ✕ No |
| Mutual Funds | ✓ Yes better | ✕ No |
| Bonds / NCD | ✓ Yes better | ✕ No |
Order types offered
Advanced order types supported by Paytm Money and Sahi.
| Parameter | Paytm Money | Sahi |
|---|---|---|
| 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 and Sahi.
| Parameter | Paytm Money | Sahi |
|---|---|---|
| SEBI registration | INZ000240532 | INZ000314836 |
| NSE member code | 90165 | 90392 |
| Year of incorporation | 2017 longer track record | 2021 |
| Net worth | ₹366.98 Cr stronger | ₹25+ Cr |
| Exchange memberships | NSE · BSE · MCX · NCDEX · MSEI | NSE · BSE |
| Latest complaint ratio | 0.002% | N.A. |
Complaints record
Exchange complaint data for Paytm Money and Sahi — the ratio matters more than the raw count.
| Parameter | Paytm Money | Sahi |
|---|---|---|
| Latest financial year | 2025–26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 765,696 | Latest Available |
| Complaints filed | 14 | N.A. |
| Complaint ratio | 0.002% | N.A. |
Pros & cons
The main advantages and drawbacks of each broker.
Paytm Money
▲ 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.
Sahi
▲ Pros
- ✓ Simple and transparent brokerage structure.
- ✓ ₹0 account opening and ₹0 annual Demat AMC.
- ✓ Fully digital and paperless account opening.
- ✓ User-friendly web and mobile trading platforms.
- ✓ Advanced charting, watchlists, and option chain.
- ✓ Suitable for beginners as well as active traders.
▼ Cons
- ✕ Limited research and advisory services.
- ✕ Investment products are fewer than large full-service brokers.
- ✕ No physical branch network.
- ✕ Call & Trade facility is limited or unavailable.
- ✕ Does not offer as many premium investment services as traditional brokers.
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