Paytm Money Pricing Update: Revised Charges Effective 1st October3 min read
At Paytm Money, we continually strive to keep our services transparent and affordable for all users. As part of this commitment, we’re announcing a revision in some of the trading charges, effective from 1st October 2024, as mandated by a circular from the exchanges (https://nsearchives.nseindia.com/content/circulars/FATAX63809.pdf). We’d like to assure you that apart from these specific updates, all other charges, including brokerage, remain unchanged.
Here’s a detailed look at the revised charges:
1. DP Charges for Equity Delivery Sales
While the Depository Participant (DP) charges for selling equity delivery remain the same at ₹13.5, there is now a clear split of how these charges are allocated:
- ₹3.5 for CDSL
- ₹10 for Paytm Money
This breakdown ensures transparency, so you know exactly where your money is going when you sell equity delivery stocks.
2. Revised Securities Transaction Tax (STT) on Sale of Options & Futures
The Securities Transaction Tax (STT) levied on the sale of options and futures has undergone a revision. Here’s what’s changed:
- Sale of Options:
- The STT has been increased from 0.0625% to 0.1%.
- This means that for every sale of options, you will now be charged 0.1% of the total transaction value as STT.
- Sale of Futures:
- The STT on selling futures has also seen an increment, moving from 0.0125% to 0.02%.
- This means a slightly higher STT will be levied on the sale of futures contracts.
Why Have These Changes Been Made?
These changes are largely in line with regulatory updates and reflect the evolving tax structures within the securities market. The revision in STT is a mandated adjustment and applies across the industry. At Paytm Money, we’re simply aligning with these changes to ensure compliance while keeping our pricing structure clear and competitive.
What Remains Unchanged?
We know how important pricing is to our users. Therefore, apart from the aforementioned changes, all other charges remain the same. This includes:
- Brokerage Fees: Our brokerage remains the same, giving you a cost-effective trading experience.
- Other Charges: No other fees or charges have been modified.
You may check the costs associated with Paytm Money on our Pricing page: https://www.paytmmoney.com/stocks/pricing
How Does This Affect You?
If you trade in equity delivery, options, or futures, these updates will affect your transactions from 1st October onward. For example:
- When selling options, the STT will now be 0.1% of the transaction value, up from the earlier 0.0625%.
- For futures, the STT rate will now be 0.02%, slightly higher than the previous rate of 0.0125%.
- The DP charges for selling equity delivery stocks remain ₹13.5 but now include the detailed split between CDSL and Paytm Money.
To know the brokerage load for your trades, you may use our Brokerage Calculator: https://www.paytmmoney.com/stocks/brokerage-calculator
Stay Informed
For any questions or further clarifications, feel free to reach out to our customer support team or visit our pricing page on the Paytm Money app. We’re always here to help you with your queries.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit. Paytm Money Ltd SEBI Reg No. Broking – INZ000240532, Depository Participant – IN – DP – 416 -2019, Depository Participant Number: CDSL – 12088800, NSE (90165), BSE (6707). Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019. For more details, please visit https://www.paytmmoney.com