Groww and Paytm Money are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Groww is listed as a Private Discount Broker , established in 2016 and headquartered in Bangalore, while Paytm Money is listed as a Private Discount Broker , established in 2019 and headquartered in Bangalore.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Groww or Paytm Money is a better fit for your investment style, platform preference, and budget.
Groww is listed as a Private Discount Broker established in 2016 with headquarters in Bangalore and founded by Lalit Keshre. The broker highlights access to equity delivery, equity intraday, equity futures, equity options and mutual funds through mobile app access and web trading and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. It follows a Standard Plan brokerage structure.
Paytm Money is listed as a Private Discount Broker established in 2019 with headquarters in Bangalore and founded by Vijay Shekhar Sharma. It offers equity delivery, equity intraday, equity futures, equity options and mutual funds using mobile app access, web trading and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. Its brokerage model is structured as Standard Plan.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
Groww vs Paytm Money — A Comprehensive Company Overview
| Company Overview | Groww | Paytm Money |
|---|---|---|
| Company Type | Private | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Bangalore | Bangalore |
| Founder | Lalit Keshre | Vijay Shekhar Sharma |
| Establishment Year | 2016 | 2019 |
| Brokerage Plan | Standard Plan | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Groww and Paytm Money.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Groww charges Rs.20 per Order or 0.05% (whichever is low) while Paytm Money charges Rs.15 per Trade & 2.5% (whichever is low).
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Groww charges Rs.20 per Order or 0.05% (whichever is low) while Paytm Money charges Rs.15 per Trade or 0.05% (whichever is Low).
Equity futures: This charge applies to futures contracts on stocks and indices. Groww charges Rs.20 per Order or 0.05% (whichever is low) while Paytm Money charges Rs.15 per Trade or 0.02% (whichever is low).
Equity options: This charge applies to equity option contracts. Groww charges Rs.20 per Order while Paytm Money charges Rs.15 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Groww charges Rs.20 per Order . Paytm Money does not currently list a charge for this segment.
Commodity options: This charge applies to option contracts on commodity instruments. Groww charges Rs.20 per Order . Paytm Money does not currently list a charge for this segment.
Currency futures: This charge allows participation in forex price movements on the exchange. Groww charges Rs.20 per Order . Paytm Money does not currently list a charge for this segment.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Groww charges Rs.20 per Order . Paytm Money does not currently list a charge for this segment.
Groww vs Paytm Money — Detailed Brokerage Comparison
| Brokerage | Groww | Paytm Money |
|---|---|---|
| Brokerage Plan | Standard Plan | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Rs.20 per Order or 0.05% (whichever is low) | Rs.15 per Trade & 2.5% (whichever is low) |
| Equity Intraday | Rs.20 per Order or 0.05% (whichever is low) | Rs.15 per Trade or 0.05% (whichever is Low) |
| Equity Future | Rs.20 per Order or 0.05% (whichever is low) | Rs.15 per Trade or 0.02% (whichever is low) |
| Equity Option | Rs.20 per Order | Rs.15 per Trade |
| Commodity Future | Rs.20 per Order | NA |
| Commodity Option | Rs.20 per Order | NA |
| Currency Future | Rs.20 per Order | NA |
| Currency Option | Rs.20 per Order | NA |
Groww provides mobile app access and web trading for order placement, portfolio tracking, and market monitoring. Paytm Money provides mobile app access, web trading and algo trading support for its users.
Android app: Groww and Paytm Money both list an Android trading app.
iOS app: Groww and Paytm Money both list an iOS trading app.
Web trading platform: Groww and Paytm Money both list a web trading platform.
Desktop trading terminal: Neither broker currently highlights a desktop trading terminal.
Algo trading: Paytm Money lists algo trading support, while Groww does not currently mention it.
Basket trading: Neither broker currently highlights basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Groww and Paytm Money both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Neither broker currently highlights a bonds investment platform.
Groww vs Paytm Money — Complete Comparison of Trading Platforms
| Trading Platform | Groww | Paytm Money |
|---|---|---|
| Android App | Groww Android App Link | Paytm Money Android App Link |
| iOS App | Groww iOS App Link | Paytm Money iOS App Link |
| Web Trading Platform | Groww Web Trading Link | Paytm Money Web Trading Link |
| Trading Terminal | NA | NA |
| Algo Trading Platform | NA | Available |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | NA | NA |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | NA | NA |
Groww highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking, while Paytm Money promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Groww and Paytm Money offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Groww and Paytm Money offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Groww and Paytm Money offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Groww and Paytm Money offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Paytm Money offers this; Groww does not currently highlight it.
Global indices: Real-time data on leading global stock market indices. Paytm Money offers this; Groww does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Groww and Paytm Money offer this feature.
Live market: Live updates on market movements and trends. Both Groww and Paytm Money offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both Groww and Paytm Money offer this feature.
Groww vs Paytm Money — Comprehensive Comparison of Trading Features
| Trading Feature | Groww | Paytm Money |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | No | Yes |
| Global Indices | No | Yes |
| Customised Recommendations | No | No |
| Stock Tips | No | No |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | NO | No |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Groww and Paytm Money.
Free account opening: Groww lists free account opening, while Paytm Money does not currently mention it.
Free AMC: Groww lists free Demat AMC, while Paytm Money does not currently mention it.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Groww and Paytm Money both list flat brokerage pricing.
Flexible brokerage plans: Neither broker currently highlights flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Neither broker currently highlights free delivery trading.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: Neither broker currently highlights free research reports.
Free trading calls: Neither broker currently highlights free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Groww offers Rs.300 per Client while Paytm Money offers Yes for referrals.
Groww vs Paytm Money — Comparison of Latest Offers
| Offer | Groww | Paytm Money |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | Yes | No |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | Yes |
| Flexible Brokerage Plans | No | No |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | NA |
| Free Research Reports | No | No |
| Free Trading Calls | No | No |
| Referral Offers | Rs.300 per Client | Yes |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Groww highlights equity delivery, equity intraday, equity futures, equity options and mutual funds, while Paytm Money highlights equity delivery, equity intraday, equity futures, equity options and mutual funds.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options and mutual funds.
Groww vs Paytm Money — Complete Comparison of Products
| Product | Groww | Paytm Money |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | No |
| Commodity Future | No | No |
| Currency Option | No | No |
| Currency Future | No | No |
| Foreign Stocks | No | No |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Corporate Bonds | No | No |
| Government Bonds | No | No |
| Digital Gold | No | No |
Demat services: Groww and Paytm Money both list Demat services.
Trading services: Groww and Paytm Money both list trading services.
Intraday services: Groww and Paytm Money both list intraday trading services.
F&O services: Groww and Paytm Money both list F&O services.
IPO services: Groww and Paytm Money both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Neither broker currently highlights stock research.
Stock recommendations: Neither broker currently highlights stock recommendations.
Trading education: Neither broker currently highlights trading education.
Share pledging: Groww and Paytm Money both list share pledging.
PMS or PCG: Neither broker currently highlights PMS or PCG support.
NRI services: Neither broker currently highlights NRI services.
Groww provides Demat services, trading services, intraday trading, F&O trading, IPO access and share pledging, while Paytm Money offers Demat services, trading services, intraday trading, F&O trading, IPO access and share pledging.
Groww vs Paytm Money — In-Depth Comparison of Services
| Service | Groww | Paytm Money |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | No |
| Stock Research | No | No |
| Stock Recommendations | No | No |
| Trading Education | No | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | No |
| NRI Services | No | No |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Groww and Paytm Money.
Groww and Paytm Money — Detailed Comparison of Advisory Services
| Advisory | Groww | Paytm Money |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| IPO Reports | No | No |
| Technical Reports | No | No |
| Stock Tips | No | No |
| Daily Top Stock Picks | No | No |
| Daily Market Review | No | No |
| Monthly Review | No | No |
| Weekly Review | No | No |
| Relationship Manager | No | No |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Groww and Paytm Money across different segments.
Groww and Paytm Money — Comprehensive Comparison of Trading Exposure
| Exposure | Groww | Paytm Money |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
Groww and Paytm Money both list a sub-broker program. Groww and Paytm Money both list a partner program. Groww and Paytm Money both list a referral program.
Groww vs Paytm Money — Comparative Analysis of Programs
| Program | Groww | Paytm Money |
|---|---|---|
| Sub-Broker Program | Yes, Limited | Yes |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
Groww provides support through call support, email support, website support, Facebook support and Twitter/X support. Paytm Money provides support through trading desk support, dedicated dealer assistance, call support, email support and website support.
Groww and Paytm Money — Comprehensive Comparison of Customer Support
| Support Channel | Groww | Paytm Money |
|---|---|---|
| Trading Support | NA | Available, Chargeable |
| Dedicated Dealer | NA | Available, Chargeable |
| Call Support | 9108800604 | 080-46253716 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | Telegram Support Link | — |
| Branches / Offices | NA | NA |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Groww carries an overall rating of 9.75 / 10, while Paytm Money carries an overall rating of 8.85 / 10.
Groww vs Paytm Money — Ratings Comparison
| Rating Parameter | Groww | Paytm Money |
|---|---|---|
| Overall Rating | 9.75 / 10 | 8.85 / 10 |
| Customer Support | 9.71 / 10 | 8.81 / 10 |
| Technology | 9.87 / 10 | 8.95 / 10 |
| Charges | 9.79 / 10 | 8.88 / 10 |
| Products & Services | 9.69 / 10 | 8.79 / 10 |
| Experience | 9.67 / 10 | 8.77 / 10 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
Groww & Paytm Money — Comparison of Customer Complaints
| Complaint Metric | Groww | Paytm Money |
|---|---|---|
| Total Complaints Lodged | 181 | 195 |
| Total Complaints Resolved | 163 | 172 |
| % of Resolved Complaints | 90.06% | 88.21% |
| Non-Actionable Complaints | 9 | 18 |
| % of Non-Actionable Complaints | 4.97% | 9.23% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Groww and Paytm Money.
Groww vs Paytm Money — Detailed Comparison of Transaction Charges
| Transaction Charges | Groww | Paytm Money |
|---|---|---|
| Equity Delivery | 0.00325% (NSE) & 0.00375% (BSE) | 0.00345% (NSE) & 0.00375% (BSE) |
| Equity Intraday | 0.00325% (NSE) & 0.00375% (BSE) | 0.00345% (NSE) & 0.00375% (BSE) |
| Equity Future | 0.0019% (NSE & BSE) | 0.002% (NSE & BSE) |
| Equity Option | 0.05% (on premium) | 0.053% (on premium) |
| Commodity Future | NA | NA |
| Commodity Option | NA | NA |
| Currency Future | NA | NA |
| Currency Option | NA | NA |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
Groww & Paytm Money — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Groww | Paytm Money |
|---|---|---|
| Pledge Creation Charges | Free | Rs.15 per Request |
| Pledge Invocation Charges | Rs.20 per Request | Rs.15 per Request |
| Margin Trading Interest | 0.045% per day | 0.049% per day |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Groww and Paytm Money — Detailed Comparison of Hidden / Other Charges
| Charge | Groww | Paytm Money |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | Rs.10/ Crore (All Segment) |
| DP Charges | Rs.13.5 per Scrip only on Sell | Rs.13.5 per Scrip only on Sell |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | 18% on (Brokerage + SEBI + Transaction charges) |
| Account Closure Charges | Free | Nil |
| Reactivation Charges | Free | Nil |
| Dematerialisation Charges | Not Available | Rs.250 per 100 Certificate |
| Call & Trade Charges | Not Available | Rs.100 per Trade |
Groww lists account opening charges of Free and Demat AMC of Free. Paytm Money lists account opening charges of Rs.200 and Demat AMC of Free.
Groww vs Paytm Money — Detailed Comparison of Demat Charges
| Demat Charges | Groww | Paytm Money |
|---|---|---|
| Account Opening Charges | Free | Rs.200 |
| Annual Maintenance Charges (AMC) | Free | Free |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
Groww vs Paytm Money — Comparative Analysis of STT and CTT Charges
| STT & CTT | Groww | Paytm Money |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | 0.1% on buy & sell |
| Equity Intraday | 0.025% on sell | 0.025% on sell |
| Equity Future | 0.0125% on sell | 0.0125% on sell |
| Equity Option | 0.0625% on sell (on premium) | 0.0625% on sell (on premium) |
| Commodity Future | NA | NA |
| Commodity Option | NA | NA |
| Currency Future | NA | NA |
| Currency Option | NA | NA |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
Groww and Paytm Money — Comparison of Stamp Duty Charges
| Stamp Duty | Groww | Paytm Money |
|---|---|---|
| Equity Delivery | 0.015% on buy | 0.015% on buy |
| Equity Intraday | 0.003% on buy | 0.003% on buy |
| Equity Future | 0.002% on buy | 0.002% on buy |
| Equity Option | 0.003% on buy | 0.003% on buy |
| Commodity Future | NA | NA |
| Commodity Option | NA | NA |
| Currency Future | NA | NA |
| Currency Option | NA | NA |