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About Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE.
Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... 
About Paytm Money
Established in 2017, Paytm Money is a prominent Indian wealth management platform that leverages technology to streamline investment processes. It facilitates investments across a broad spectrum of assets, including equities, F&O, mutual funds, SIPs, IPOs, NPS, and debt instruments, offering a user-friendly experience.
Paytm Money operates as a SEBI-registered stockbroker and Investment Advisor. It is also a depository participant with CDSL and a member of both the NSE and BSE.
Initially foc...
Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India. Incorporated in 2017, Paytm Money is a Discount Broker. It offers trading at NSE and BSE. It has 1 branches across India.
| Groww | Paytm Money | |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchnage Membership | NSE and BSE | NSE and BSE |
| Year of Incorporation | 2016 | 2017 |
| Number of Branches | 0 | 1 |
| Open Paytm Money Account |
Groww trading account opening charges is Rs 0 (Free) while Paytm Money account opening changes is Rs 0 (Free). Groww Demat Account AMC Charges is Rs 0 and Paytm Money Demat Account AMC Charges is Rs 0 (Free) Lifetime Free.
| Groww | Paytm Money | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free) (Annual Platform Fees) |
| Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 0 | Rs 0 (Free) Lifetime Free |
Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower whereas Paytm Money brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is low.
| Account Type | Groww Standard Plan | Paytm Money Standard Plan |
|---|---|---|
| Fixed Charges | NA | NA |
| Equity Delivery | Rs 20 per executed order or 0.05% whichever is lower | Rs 20 per executed order or 2.5% whichever is low |
| Equity Intraday | Rs 20 per executed order or 0.05% whichever is lower | Rs 20 per executed order or 0.05% whichever is low |
| Equity Futures | Rs 20 per executed order | Rs 20 per executed order or 0.01% whichever is low |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | NA | |
| Currency Options | NA | |
| Commodity Futures | NA | |
| Commodity Options | NA | |
| Special Offer | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Special Offer: Pay ₹0 brokerage for first 15 days and flat ₹20 per trade brokerage for delivery, intra-day and F&O trades thereafter. Get the offer  |
| Minimum Brokerage | Rs 20 or 0.05% per executed order | Rs 20 |
| Other Charges | Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50 | Rs 50 + GST system auto square off; Physical Statements - Rs 300 per request + Rs 300 per Courier |
| Call & Trade Charges | NA | Rs 100 |
| Open Paytm Money Account |
Groww margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Paytm Money margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Groww | Paytm Money | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Paytm Money Account |
The trading platforms offered Groww include Groww. Paytm Money offers Paytm Money mobile app, Paytm Money website trading software.
| Groww | Paytm Money | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading | | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Groww | Paytm Money mobile app, Paytm Money website |
| Intraday Square-off Time | 3:10 PM | 3:15 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | ||
| Open Paytm Money Account |
Groww is rated of 5 based on 106 customer reviews whereas Paytm Money is rated of 5 based on 53 customer reviews.
| Groww | Paytm Money | |
|---|---|---|
106 Customer Reviews  | 53 Customer Reviews | |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform | |  |
| Customer Service | |  |
| Research Capabilities |  | |
| Overall Rating | | |
| Broker Rating | Groww is Rated 3.8 / 5 based on 106 customer reviews | Paytm Money is Rated 3.2 / 5 based on 53 customer reviews |
| Groww | Paytm Money | |
|---|---|---|
| Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Pay ₹0 brokerage for first 15 days and flat ₹20 per trade brokerage for delivery, intra-day and F&O trades thereafter. Get the offer |
| Groww | Paytm Money | |
|---|---|---|
| Stock / Equity |  | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Groww | Paytm Money | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Paytm Money Account |
| Groww | Paytm Money | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Groww | Paytm Money | |
|---|---|---|
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| Reviews | Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository. Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds. The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors. | Paytm Money Limited, commonly known as Paytm Money, is a Bengaluru-based online discount broker incorporated in 2017 offering trading and investment services for an entire range of financial products like Equity, Derivatives, Direct Mutual Funds, Digital gold, NPS retirement funds, and IPO. The company also provides investment advisory services by way of offering investment packs for mutual fund investments. The company claims to be a leader and pioneer in low-cost trading. Paytm Money follows a flat fee model. The maximum brokerage charged by the broker is Rs 15 per trade. Paytm Money offers free Equity Delivery trading. Paytm Money is a member of NSE and BSE and has a depository membership with CDSL. Paytm Money charges Rs 200 towards account opening and zero annual maintenance charges for the Demat account. The company offers an online trading platform - Paytm Money on Android, iOS, and website. |
| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Paytm Money Special OfferPay Rs 0 brokerage for first 15 days
This is a limited-time offer. Open Instant Paytm Account online and start trading today. |
| Open Paytm Money Account |
Paytm Money and Groww are both online discount brokers that started as Direct Mutual Fund platforms. They both offer low-cost brokerage services and free mutual fund services to their customers.
Paytm Money offers to invest in Stocks, Mutual Funds, NPS, Digital Gold, F&O, IPO, and ETF. Groww provides its customers to invest in Stocks, Mutual Funds, US Stocks, IPO, Digital Gold, and Fixed Deposits.
Paytm Money charges Rs.200 for opening an account, whereas Groww offers free account opening to its customers. Paytm Money offers free Equity Delivery trading while Groww charges a lower of Rs.20 or 0.05% of trade value per executed order.
Read Paytm Money vs Groww for a more detailed comparison.
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Open Paytm Money Account
