Hello, guys welcome are searching for the best refer and earn app? if yes then you have at the right place in this post we are going to talk about Paytm money Refer and Earn. In this article, you will find answers to all of your questions related to Paytm Money Refer and Earn.
The referral and earn program can be a great way to earn some extra money. Referring the apps to your family or friends is the only effort you need to make money. Just like other Paytm Money Refer and Earn is also a new getaway to earn money just by referring to your friends or your family members. Also, this platform sports a 100% paperless account opening and a fully-digital KYC process.
I also have referred a lot of my friends and earned a huge amount from this app, which also offered us many benefits. So without wasting any more time let’s get started.
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About Paytm Money
| Paytm Money | Refer and Earn |
|---|---|
| Release Date | 20th September 2017 |
| Owned By | Paytm |
| Download Size | 47 MB |
| Ratings | 4.1 |
| Minimum Requirments | Android Version 5.0 and Up |
| Referral Bonus | 10% Brokerage Commission |
| Sign Up through refer | ₹100 |
| Referral Link | Download Now |
What is Paytm Money?
Paytm Money is a mutual fund distribution and stockbroking firm from Paytm. In addition to being a SEBI-registered stockbroker, Paytm Money is an investment advisor. The app was started as a direct mutual fund investment. later it includes include a pension scheme, Equity trading, IPO investment, ETFs, and digital gold. And recently the company came up with F&O trading services on this app.
It claims to have reached more Users than the largest and most popular retail brokerage firm Zerodha. On this platform, Paytm Money sells 20 crores worth of direct mutual funds every day. The company also sells products related to the NPS and stocks. In order to help users save money, Paytm Money offers low-cost regular and direct investment plans that eliminate traditional broker commissions.
Also Read: Best Apps to Invest in US Stocks
Benefits of Paytm money
- You can invest in Mutual Funds, F&O, Equity, NPS, digital gold, and EFT.
- Zero Brokerage.
- Lowest Trading Fee and free delivery.
- Upto 1% higher returns with a direct plan.
- Instant Account Opening.
- Two-factor authenticator.
- Inbuilt Brokerage calculator.
- No maintenance charges.
Also Read: INDmoney Refer and Earn
Drawbacks of Paytm money
- No Branch support.
- Not Available for NRI’s.
- A margin funding facility isn’t available.
- Commodity and Currency trading is not available.
- No Branch support.
- Advanced order types including GTC, CO, BO, and Basket Order are not available on this platform.
Also Read: Upstox vs Groww
How to create an account in Paytm money?
- First, you have to download it through the Play Store or Apple AppStore.
- Then log in with your existing Paytm account or create a new one.
- Verify through Email or mobile number through OTP.
- Tap on “I want faster access”.
- After that submit all of the required documents.
- Provide your trading experience and trading preference.
- Fill out the Aadhar-based E-sign on the account opening form.
- After that, the broker will provide your submitted details to exchange and CDSL. Once your registration gets completed you will get a notification on your number.
- Add funds to your account and trade for the first time.
Also Read: Groww vs Zerodha vs Upstox
Paytm money account opening charges
It’s better to know the account opening charges for Paytm money in 2024. So here are the chart representing the charges to open a Paytm money account.
| Transaction | Charges |
|---|---|
| Trading Account Opening Charges | ₹200 |
| Demat AMC(Yearly) | ₹0 |
| Account AMC Charges | ₹300 annually |
| Demat Account Opening Charges | ₹0 |
Paytm money Brokerage Plan
| Trading Segment | Charges |
|---|---|
| Equity Intraday | ₹10 or 0.005% on every executed order |
| Equity Delivery | minimum Rs 0.01 per executed trade |
| Equity Option | ₹10 on every executed order |
| Equity Future | ₹10 on every executed order |
Other Charges on Paytm Money
| Transaction | Charges |
|---|---|
| Payment Gateway Charges – Netbanking | ₹10 + GST for each fund addiction |
| Payment Gateway Charges – UPI | ₹10/- for each fund addiction |
| Delayed Payment Interest Charges | 1.5% charged monthly on the outstanding bill/margin amount if not paid within the due date (GST not applicable) |
| Physical Statement and Document Courier | ₹300/- per request + ₹300/- per courier |
| Auto Square off charges | ₹20 |
| Annual Platform Charges | ₹300 |
Paytm Money Refer and Earn
Paytm money refer and earn program is a new way to earn money by sharing the link with your friends and family members like other refer and earn apps. Though the money provided by Paytm money is more. here are the advantages that you and your friend will earn through this app by referring your friends and family members.
| Paytm Money | Details |
|---|---|
| Referral Bonus | 10% Brokerage Commission |
| Sign Up through refer | ₹100 |
| Referral Link | Download Now |
To refer your friends you have to go through a few easy steps. Here is a step you go through to earn the money through the Paytm money refer and earn program.
- First of all, download the app and log in to your account through the steps mentioned earlier.
- Open Paytm Money App.
- Then click on the top left corner of your account.
- Now click on the ” Refer and Earn”
- Now copy your referral link
- Share the link with your friends and family member.
- If your friend logs into the app through your link and completes all the signup and verification processes within 60 days, you will earn 10% of the brokerage commission with every trade.
Also Read: Best Refer and Earn Apps
Paytm Money Refer and Earn: T&C
- The offer is valid only for new users.
- Registration should be done through a number that is linked to AADHAR
- The new user must complete the formalities and invest money within 60 days.
FAQs: Paytm Money Referral Program
Paytm money refer and earn program allows Paytm to earn ₹300 on every successful referral and the person who downloads through your link will get ₹100 as a sign-up bonus.
Demat AMC charges in Paytm money are zero. However, Trading Annual Maintenance Charges in this app is ₹300 yearly.
First of all, add funds to your Paytm Money app and then invest it carefully in stocks, mutual funds, IPOs or any other options like F&O etc.
Yes, you can invest my referral money in stock or mutual fund investment.
When your friend completes equity onboarding and trades for the first time, the money will be credited to your trade balance within 48 hours.
Final Thoughts
So in my opinion Paytm money is one of the country’s best investment platforms. You can invest in Mutual Funds, F&O, Equity, NPS, digital gold, and EFT. Because they have access to a market unreachable by other platforms, their extensive existing customer base is their biggest advantage. It’s a one-stop place to invest in Mutual Funds, F&O, Equity, NPS, digital gold, and EFT. Also, another positive side of this app is its simple and clean user interface.
For just Rs. 10 per order, you can trade intraday and F&O equity for free for a lifetime. It also offers FREE mutual fund investments. Additionally, Paytm refer and earn allows you can earn ₹300 on every successful referral.
Also Check: Groww vs Zerodha
Also Read: Best Low Brokerage Demat Accounts in India
