Zerodha
Discount BrokerAccount opening₹0
AMC₹300 + 18% GST per year
IntradayFlat ₹ 20 or 0.03% (whichever is lower)
Broker Comparison
Zerodha vs Paytm Money
Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-07-29
Paytm Money
Discount / Investment PlatformAccount opening₹0 (Free)
AMC₹0 AMC
IntradayRs 20 or 0.05% of turnover (whichever is lower)
Zerodha vs Paytm Money: Quick comparison
Key charges and account features side by side.
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| Feature | Zerodha | Paytm Money |
|---|---|---|
| Broker type | Discount Broker | Discount / Investment Platform |
| Account Opening Charges | ₹0 | ₹0 (Free) |
| Annual Maintenance Charges | ₹300 + 18% GST per year | ₹0 AMC |
| Equity delivery | ₹0 brokerage | Rs 20 or 2.5% of turnover (whichever is lower) |
| Equity intraday | Flat ₹ 20 or 0.03% (whichever is lower) | Rs 20 or 0.05% of turnover (whichever is lower) |
| Futures | Flat ₹ 20 or 0.03% (whichever is lower) | 0.02% of turnover or upto Rs 20 per Executed Order (whichever is lower) |
| Options | Flat ₹ 20 per executed order | Rs 20 per order |
| Commodity | Flat ₹ 20 or 0.03% (whichever is lower) | ₹20 per executed order |
| Currency | Flat ₹ 20 or 0.03% (whichever is lower) | ₹20 per executed order |
| DP charges | ₹15.34 per scrip (₹3.5 CDSL fee + ₹9.5 Zerodha fee + ₹2.34 GST) | ₹13.5 |
| Auto Square Off | ₹50 plus 18% GST | ₹50 + GST |
| Call & trade Charge | ₹50 plus 18% GST | ₹100 per executed order |
| Customer support | Yes, Official app/web help centre, ticket, email and/or phone support | Official app/web help centre, ticket, email and/or phone support. |
| Active Users | 6.8 million NSE-active clients as of May 2026 | 7.65 lakh active clients as of March 2026, according to NSE data. |
About Zerodha
Zerodha is one of India’s leading discount stockbrokers, offering online investing and trading in equities, currencies, commodities, IPOs, futures and options, bonds, government securities, and direct mutual funds.
It charges ₹0 brokerage on equity delivery and direct mutual fund investments. Equity intraday and futures trades are charged at ₹20 or 0.03% per executed order, whichever is lower, while options trades cost a flat ₹20 per executed order.
Zerodha is known for its low-cost pricing, transparent services, user-friendly Kite trading platform, and strong focus on technology and investor education.
About Paytm Money
Paytm Money, established in 2017, is a digital investment and stockbroking platform in India offering access to equities, F&O, mutual funds, SIPs, IPOs, ETFs, NPS, bonds, and other investment products. It is a SEBI-registered stockbroker and operates as a depository participant with CDSL and a member of NSE and BSE.
The platform provides web and mobile trading applications with features such as Stock SIP, GTT orders, Basket Orders, advanced option chains, screeners, portfolio insights, market heatmaps, and strategy-building tools. Paytm Money is also known for offering zero-commission investments in direct mutual funds and a fully digital account-opening experience.
Paytm Money caters to both investors and active traders with low-cost brokerage, multiple investment options, research tools, and advanced trading features. It also provides access to IPOs, ETFs, bonds, NPS, margin-related facilities, and educational content to help users make more informed investment decisions.
Trading Platforms & Tools
- Zerodha offers a modern trading and investment ecosystem through Kite Web and Mobile, Coin, Console, Kite Connect API, and Varsity. These platforms provide advanced charts, live market data, portfolio analytics, direct mutual fund investing, IPO applications, alerts, GTT orders, and educational resources.
Products Offered
- Zerodha offers a wide range of investment and trading products, including equity delivery, intraday trading, futures and options, commodities, currencies, ETFs, IPOs, direct mutual funds, bonds, and government securities. These products can be accessed through Zerodha’s online platforms, including Kite and Coin.
Platforms and Tools
- Paytm Money offers web and mobile trading platforms designed for both investors and active traders. Its tools include advanced option chains, Stock SIP, GTT and Basket Orders, portfolio insights, market heatmaps, advanced screeners, and a strategy builder for options trading.
Products Offered
- Paytm Money provides access to Equity Stocks, Futures & Options (F&O), Mutual Funds, SIPs, IPOs, ETFs, Bonds, NPS, and other debt investment products through its digital investment platform.
Zerodha pros and cons
Pros
- ₹0 brokerage on equity delivery and direct mutual funds.
- Low flat brokerage for intraday and F&O trades.
- User-friendly Kite platform with advanced trading tools.
Cons
- No stock tips or advisory services.
- Call-and-trade and some additional services may incur extra charges.
Paytm Money pros and cons
Pros
- ₹0 Account Opening & AMC: No account opening or annual maintenance charges.
- Easy Digital Investing: Fully online account opening with a user-friendly web and mobile platform.
- Multiple Investment Options: Access to stocks, F&O, mutual funds, IPOs, ETFs, NPS, and bonds.
Cons
- Limited Offline Support: No physical branch network for in-person customer assistance.
- No 3-in-1 Account: Paytm Money does not provide an integrated bank, trading, and Demat account.
Which broker should you choose?
Choose based on the segment you trade, total account cost, platform requirements, research needs and support preference. Verify the latest tariff and product availability on the brokers’ official websites before opening an account.
Broker Rating
Zerodha
4.4/5
Paytm Money
4.4/5
Read complete broker reviews
Frequently asked questions
Is Zerodha a good stockbroker for beginners?
Yes, Zerodha is suitable for beginners because it offers a user-friendly Kite trading platform, educational resources through Varsity, and low brokerage charges.
What is the Zerodha account opening charge?
Zerodha currently offers free account opening for resident individual trading and demat accounts.
What brokerage does Zerodha charge?
Zerodha charges ₹0 brokerage on equity delivery. For equity intraday and futures, the charge is ₹20 or 0.03% per executed order, whichever is lower. Options trades are charged at ₹20 per executed order.
Does Zerodha charge an annual maintenance fee?
Yes, Zerodha charges an Account Maintenance Charge (AMC) of ₹300 per year plus 18% GST for standard resident individual accounts, though it is free for the first year. Instead of billing annually, Zerodha deducts this fee quarterly (every 91 days) directly from your trading balance.
Which trading platforms does Zerodha offer?
Zerodha offers Kite for trading and investing, Coin for direct mutual funds and other investments, and Console for portfolio reports and account statements.
Can I invest in mutual funds through Zerodha?
Yes, investors can use Zerodha Coin to invest in direct mutual funds without paying distributor commissions.
Does Zerodha provide stock tips or advisory services?
No, Zerodha does not provide stock tips, portfolio management, or personalised investment advisory services.
Is there any minimum balance requirement in Zerodha?
No, Zerodha does not require users to maintain a minimum account balance to keep their account active.
Can I apply for IPOs through Zerodha?
Yes, Zerodha users can apply for IPOs online through the Kite platform using a supported UPI ID.
Is Zerodha safe and SEBI registered?
Yes, Zerodha Broking Limited is registered with SEBI and is a member of major Indian stock exchanges, including NSE, BSE, and MCX. However, all stock market investments are subject to market risks.
Is Paytm Money safe to use?
Yes, Paytm Money is a SEBI-registered stockbroker and CDSL depository participant.
Is Paytm Money account opening free?
Yes, Paytm Money offers ₹0 account opening charges.
Does Paytm Money charge Demat AMC?
Paytm Money currently offers ₹0 annual maintenance charges.
What is Paytm Money brokerage for equity delivery?
Paytm Money charges up to ₹20 per executed equity delivery order.
What is Paytm Money brokerage for intraday trading?
Intraday brokerage is up to ₹20 per executed order.
Does Paytm Money offer F&O trading?
Yes, Paytm Money supports Futures and Options trading.
Can I invest in mutual funds through Paytm Money?
Yes, users can invest in direct mutual funds and SIPs through Paytm Money.
Can I apply for IPOs using Paytm Money?
Yes, Paytm Money allows users to apply for IPOs online.
Does Paytm Money offer commodity and currency trading?
Yes, Paytm Money is registered with exchanges including MCX, NCDEX, and MSEI; however, its current public product pages mainly highlight Stocks and F&O, so commodity/currency availability may depend on the enabled segment.
What investment products are available on Paytm Money?
Paytm Money offers stocks, F&O, mutual funds, SIPs, IPOs, ETFs, bonds, and NPS.