Paytm Money and SBI Securities are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Paytm Money is listed as a Private Discount Broker , established in 2019 and headquartered in Bangalore, while SBI Securities is listed as a Public Discount Broker , established in Arun Mehta and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Paytm Money or SBI Securities is a better fit for your investment style, platform preference, and budget.
Paytm Money is listed as a Private Discount Broker established in 2019 with headquarters in Bangalore and founded by Vijay Shekhar Sharma. The broker highlights access to equity delivery, equity intraday, equity futures, equity options and mutual funds through mobile app access, web trading and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. It follows a Standard Plan brokerage structure.
SBI Securities is listed as a Public Discount Broker established in Arun Mehta with headquarters in Mumbai and founded by Arun Mehta. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading and desktop terminal access and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. 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.
Paytm Money vs SBI Securities — A Comprehensive Company Overview
| Company Overview | Paytm Money | SBI Securities |
|---|---|---|
| Company Type | Private | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Bangalore | Mumbai |
| Founder | Vijay Shekhar Sharma | Arun Mehta |
| Establishment Year | 2019 | Arun Mehta |
| 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 Paytm Money and SBI Securities.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Paytm Money charges Rs.15 per Trade & 2.5% (whichever is low) while SBI Securities charges 0.50% of Transaction Value.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Paytm Money charges Rs.15 per Trade or 0.05% (whichever is Low) while SBI Securities charges 0.075% of Transaction Value.
Equity futures: This charge applies to futures contracts on stocks and indices. Paytm Money charges Rs.15 per Trade or 0.02% (whichever is low) while SBI Securities charges 0.05% of Transaction Value.
Equity options: This charge applies to equity option contracts. Paytm Money charges Rs.15 per Trade while SBI Securities charges Rs.50 to Rs.100 per lot.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Paytm Money charges N/A ; SBI Securities charges 0.05% of Transaction Value.
Commodity options: This charge applies to option contracts on commodity instruments. Paytm Money charges N/A ; SBI Securities charges Rs.50 to Rs.100 per lot.
Currency futures: This charge allows participation in forex price movements on the exchange. Paytm Money charges N/A ; SBI Securities charges 0.05% of Transaction Value.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Paytm Money charges N/A ; SBI Securities charges Rs.20 to Rs.30 per lot.
Paytm Money vs SBI Securities — Detailed Brokerage Comparison
| Brokerage | Paytm Money | SBI Securities |
|---|---|---|
| Brokerage Plan | Standard Plan | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Rs.15 per Trade & 2.5% (whichever is low) | 0.50% of Transaction Value |
| Equity Intraday | Rs.15 per Trade or 0.05% (whichever is Low) | 0.075% of Transaction Value |
| Equity Future | Rs.15 per Trade or 0.02% (whichever is low) | 0.05% of Transaction Value |
| Equity Option | Rs.15 per Trade | Rs.50 to Rs.100 per lot |
| Commodity Future | NA | 0.05% of Transaction Value |
| Commodity Option | NA | Rs.50 to Rs.100 per lot |
| Currency Future | NA | 0.05% of Transaction Value |
| Currency Option | NA | Rs.20 to Rs.30 per lot |
Paytm Money provides mobile app access, web trading and algo trading support for order placement, portfolio tracking, and market monitoring. SBI Securities provides mobile app access, web trading and desktop terminal access for its users.
Android app: Paytm Money and SBI Securities both list an Android trading app.
iOS app: Paytm Money and SBI Securities both list an iOS trading app.
Web trading platform: Paytm Money and SBI Securities both list a web trading platform.
Desktop trading terminal: SBI Securities lists a desktop trading terminal, while Paytm Money does not currently mention it.
Algo trading: Paytm Money lists algo trading support, while SBI Securities does not currently mention it.
Basket trading: SBI Securities lists basket trading, while Paytm Money does not currently mention it.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Paytm Money and SBI Securities both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: SBI Securities lists a bonds investment platform, while Paytm Money does not currently mention it.
Paytm Money vs SBI Securities — Complete Comparison of Trading Platforms
| Trading Platform | Paytm Money | SBI Securities |
|---|---|---|
| Android App | Paytm Money Android App Link | SBI Securities Android App Link |
| iOS App | Paytm Money iOS App Link | SBI Securities iOS App Link |
| Web Trading Platform | Paytm Money Web Trading Link | SBI Securities Web Trading Link |
| Trading Terminal | NA | Available |
| Algo Trading Platform | Available | NA |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | NA | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | NA | Available |
Paytm Money highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking, while SBI Securities promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. 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 Paytm Money and SBI Securities offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Paytm Money and SBI Securities offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Paytm Money and SBI Securities offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Paytm Money and SBI Securities offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Paytm Money and SBI Securities offer this feature.
Global indices: Real-time data on leading global stock market indices. Paytm Money offers this; SBI Securities does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. SBI Securities offers this; Paytm Money does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Paytm Money and SBI Securities offer this feature.
Live market: Live updates on market movements and trends. Both Paytm Money and SBI Securities offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. SBI Securities offers this; Paytm Money does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Both Paytm Money and SBI Securities offer this feature.
Paytm Money vs SBI Securities — Comprehensive Comparison of Trading Features
| Trading Feature | Paytm Money | SBI Securities |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | Yes | No |
| Customised Recommendations | No | No |
| Stock Tips | No | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | No | Yes |
| 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 Paytm Money and SBI Securities.
Free account opening: Neither broker currently highlights free account opening.
Free AMC: Neither broker currently highlights free Demat AMC.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Paytm Money lists flat brokerage pricing, while SBI Securities does not currently mention it.
Flexible brokerage plans: SBI Securities lists flexible brokerage plans, while Paytm Money does not currently mention it.
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: SBI Securities lists free research reports, while Paytm Money does not currently mention it.
Free trading calls: SBI Securities lists free trading calls, while Paytm Money does not currently mention it.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Paytm Money offers Yes while SBI Securities offers Upto Rs.700 per Client for referrals.
Paytm Money vs SBI Securities — Comparison of Latest Offers
| Offer | Paytm Money | SBI Securities |
|---|---|---|
| Free Account Opening | No | No |
| Free AMC | No | No |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | No |
| Flexible Brokerage Plans | No | Yes |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | NA | No |
| Free Research Reports | No | Yes |
| Free Trading Calls | No | Yes |
| Referral Offers | Yes | Upto Rs.700 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | Yes |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Paytm Money highlights equity delivery, equity intraday, equity futures, equity options and mutual funds, while SBI Securities highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, mutual funds, commodity futures, commodity options, currency futures, currency options, banking services, insurance, corporate bonds, government bonds and bonds.
Paytm Money vs SBI Securities — Complete Comparison of Products
| Product | Paytm Money | SBI Securities |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | Yes |
| Commodity Future | No | Yes |
| Currency Option | No | Yes |
| Currency Future | No | Yes |
| Foreign Stocks | No | No |
| Mutual Funds | Yes | Yes |
| Banking | No | Yes |
| Insurance | No | Yes |
| Corporate Bonds | No | Yes |
| Government Bonds | No | Yes |
| Digital Gold | No | No |
Demat services: Paytm Money and SBI Securities both list Demat services.
Trading services: Paytm Money and SBI Securities both list trading services.
Intraday services: Paytm Money and SBI Securities both list intraday trading services.
F&O services: Paytm Money and SBI Securities both list F&O services.
IPO services: Paytm Money and SBI Securities both list IPO services.
3-in-1 account: SBI Securities lists 3-in-1 account support, while Paytm Money does not currently mention it.
Stock research: SBI Securities lists stock research, while Paytm Money does not currently mention it.
Stock recommendations: SBI Securities lists stock recommendations, while Paytm Money does not currently mention it.
Trading education: SBI Securities lists trading education, while Paytm Money does not currently mention it.
Share pledging: Paytm Money and SBI Securities both list share pledging.
PMS or PCG: SBI Securities lists PMS or PCG support, while Paytm Money does not currently mention it.
NRI services: SBI Securities lists NRI services, while Paytm Money does not currently mention it.
Paytm Money provides Demat services, trading services, intraday trading, F&O trading, IPO access and share pledging, while SBI Securities offers Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support.
Paytm Money vs SBI Securities — In-Depth Comparison of Services
| Service | Paytm Money | SBI Securities |
|---|---|---|
| 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 | Yes |
| Stock Research | No | Yes |
| Stock Recommendations | No | Yes |
| Trading Education | No | Yes, Investor Sarathi |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | Yes |
| NRI Services | No | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Paytm Money and SBI Securities.
Paytm Money and SBI Securities — Detailed Comparison of Advisory Services
| Advisory | Paytm Money | SBI Securities |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | No | Yes |
| Company Reports | No | Yes |
| Annual Reports | No | Yes |
| IPO Reports | No | Yes |
| Technical Reports | No | Yes |
| Stock Tips | No | Yes |
| Daily Top Stock Picks | No | Yes |
| Daily Market Review | No | Yes |
| Monthly Review | No | Yes |
| Weekly Review | No | Yes |
| Relationship Manager | No | Yes |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Paytm Money and SBI Securities across different segments.
Paytm Money and SBI Securities — Comprehensive Comparison of Trading Exposure
| Exposure | Paytm Money | SBI Securities |
|---|---|---|
| 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 |
Paytm Money and SBI Securities both list a sub-broker program. Paytm Money and SBI Securities both list a partner program. Paytm Money and SBI Securities both list a referral program.
Paytm Money vs SBI Securities — Comparative Analysis of Programs
| Program | Paytm Money | SBI Securities |
|---|---|---|
| Sub-Broker Program | Yes | Yes |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
Paytm Money provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. SBI Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. SBI Securities operates Available branches.
Paytm Money and SBI Securities — Comprehensive Comparison of Customer Support
| Support Channel | Paytm Money | SBI Securities |
|---|---|---|
| Trading Support | Available, Chargeable | Available, Free |
| Dedicated Dealer | Available, Chargeable | Available, Free |
| Call Support | 080-46253716 | 022-68545555 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | 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 | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Paytm Money carries an overall rating of 8.85 / 10, while SBI Securities carries an overall rating of 8.95 / 10.
Paytm Money vs SBI Securities — Ratings Comparison
| Rating Parameter | Paytm Money | SBI Securities |
|---|---|---|
| Overall Rating | 8.85 / 10 | 8.95 / 10 |
| Customer Support | 8.81 / 10 | 8.92 / 10 |
| Technology | 8.95 / 10 | 9.06 / 10 |
| Charges | 8.88 / 10 | 8.99 / 10 |
| Products & Services | 8.79 / 10 | 8.90 / 10 |
| Experience | 8.77 / 10 | 8.88 / 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.
Paytm Money & SBI Securities — Comparison of Customer Complaints
| Complaint Metric | Paytm Money | SBI Securities |
|---|---|---|
| Total Complaints Lodged | 195 | 182 |
| Total Complaints Resolved | 172 | 162 |
| % of Resolved Complaints | 88.21% | 89.01% |
| Non-Actionable Complaints | 18 | 11 |
| % of Non-Actionable Complaints | 9.23% | 6.04% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Paytm Money and SBI Securities.
Paytm Money vs SBI Securities — Detailed Comparison of Transaction Charges
| Transaction Charges | Paytm Money | SBI Securities |
|---|---|---|
| Equity Delivery | 0.00345% (NSE) & 0.00375% (BSE) | |
| Equity Intraday | 0.00345% (NSE) & 0.00375% (BSE) | |
| Equity Future | 0.002% (NSE & BSE) | |
| Equity Option | 0.053% (on premium) | |
| Commodity Future | NA | |
| Commodity Option | NA | |
| Currency Future | NA | |
| Currency Option | 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.
Paytm Money & SBI Securities — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Paytm Money | SBI Securities |
|---|---|---|
| Pledge Creation Charges | Rs.15 per Request | |
| Pledge Invocation Charges | Rs.15 per Request | |
| Margin Trading Interest | 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.
Paytm Money and SBI Securities — Detailed Comparison of Hidden / Other Charges
| Charge | Paytm Money | SBI Securities |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | |
| DP Charges | Rs.13.5 per Scrip only on Sell | |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | |
| Account Closure Charges | Nil | |
| Reactivation Charges | Nil | |
| Dematerialisation Charges | Rs.250 per 100 Certificate | |
| Call & Trade Charges | Rs.100 per Trade |
Paytm Money lists account opening charges of Rs.200 and Demat AMC of Free. SBI Securities lists account opening charges of Rs.850 and Demat AMC of Rs.750.
Paytm Money vs SBI Securities — Detailed Comparison of Demat Charges
| Demat Charges | Paytm Money | SBI Securities |
|---|---|---|
| Account Opening Charges | Rs.200 | Rs.850 |
| Annual Maintenance Charges (AMC) | Free | Rs.750 |
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.
Paytm Money vs SBI Securities — Comparative Analysis of STT and CTT Charges
| STT & CTT | Paytm Money | SBI Securities |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | |
| Equity Intraday | 0.025% on sell | |
| Equity Future | 0.0125% on sell | |
| Equity Option | 0.0625% on sell (on premium) | |
| Commodity Future | NA | |
| Commodity Option | NA | |
| Currency Future | NA | |
| Currency Option | 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.
Paytm Money and SBI Securities — Comparison of Stamp Duty Charges
| Stamp Duty | Paytm Money | SBI Securities |
|---|---|---|
| Equity Delivery | 0.015% on buy | |
| Equity Intraday | 0.003% on buy | |
| Equity Future | 0.002% on buy | |
| Equity Option | 0.003% on buy | |
| Commodity Future | NA | |
| Commodity Option | NA | |
| Currency Future | NA | |
| Currency Option | NA |