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Zerodha Vs Groww Vs Paytm Money: Which one is better?
Last updated August 22, 2026
This IPO News reference page covers “Zerodha Vs Groww Vs Paytm Money: Which one is better?”. The page is organized around compare stock brokers side-by-side, compare zerodha vs groww vs paytm money on service, account opening charges and amc, compare zerodha vs groww vs paytm money on trading & demat account opening charges, about brokerage plans. IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- Compare Stock Brokers Side-by-Side
- Compare Zerodha vs Groww vs Paytm Money on Service
- Account Opening Charges and AMC
- Compare Zerodha vs Groww vs Paytm Money on Trading & Demat Account Opening Charges
- About Brokerage Plans
- Compare Zerodha vs Groww vs Paytm Money on Plan Options
- Account Opening
- Share Broker's Transaction Charges
- Compare Zerodha vs Groww vs Paytm Money on Transaction Charges
- Account Features
- Compare Zerodha vs Groww vs Paytm Money on Account Features
- Trading Platform
- Compare Zerodha vs Groww vs Paytm Money on Trading Platform
- Broker Ratings by Users
- Compare Zerodha vs Groww vs Paytm Money on User Rating
- Investment Offerings
- Compare Zerodha vs Groww vs Paytm Money on Investment Offerings
- Margin Trading Facility
- Compare Zerodha vs Groww vs Paytm Money on MTF
- API
- Compare Zerodha vs Groww vs Paytm Money on API Details
- Customer Service Offered
- Compare Zerodha vs Groww vs Paytm Money on Customer Service
- Tips/Research/Reports Published
- Compare Zerodha vs Groww vs Paytm Money on Research Reports, Tips
- Demat Account
- Compare Zerodha vs Groww vs Paytm Money on Demat Account
- Special Offers, Advantages, Disadvantages
- Compare Zerodha vs Groww vs Paytm Money on Special Offers and Promotion
- Ready to start trading?
Key Facts
- India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
- Low-cost trading with Rs 20 maximum brokerage charged.
- Trade or invest in NSE and BSE listed stocks and F&O
- 100% paperless KYC process
- Transparent pricing model of Rs 20 brokerage
- No 3-in-1 account opening facility.
- Does not offer Rs 0 brokerage unlimited monthly trading plans.
- 💹 Max ₹20 per Order Brokerage on Intraday, F&O, Commodities & Currency
- 📱 Kite & Coin – #1 Trading Platform & Mobile App
- 💹 Max ₹20 Brokerage per Order on All Trades
- Max Rs. 20 per order brokerage on intraday, delivery, and equity derivatives trading
- Last Updated on Wed, May 20, 2026
Data Tables
| Segment |
Zerodha |
Groww |
Paytm Money |
| Trading Account Opening Fees |
Free |
Free |
Free |
| Trading AMC |
Free |
Free |
Free |
| Demat Account Opening Fees |
Free |
Free |
Free |
| Demat AMC |
Rs 300 PA (Free for 1st year) |
Free |
Free |
| Provide DP Service |
Yes |
Yes |
Yes |
| Plan Types |
Zerodha |
Groww |
Paytm Money |
| Multiple Plans |
No |
No |
No |
| Monthly Plans |
No |
No |
No |
| Yearly Plans |
No |
No |
No |
|
Zerodha |
Groww |
Paytm Money |
| Account Opening Request |
Link to open account |
Link to open account |
|
| Transaction Charges Compare |
Zerodha |
Groww |
Paytm Money |
| Equity Delivery |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Intraday |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Futures |
NSE:173 | BSE:0 Per Cr |
NSE:173 | BSE:0 Per Cr |
NSE:173 | BSE:0 Per Cr |
| Equity Options |
NSE:3503 | BSE:3250 Per Cr on premium |
NSE:3503 | BSE:3250 Per Cr on premium |
NSE:3503 | BSE:3250 Per Cr on premium |
| Currency Futures |
NSE:35 | BSE:45 Per Cr |
NSE:35 | BSE:45 Per Cr |
NSE:35 | BSE:45 Per Cr |
| Currency Options |
NSE:3110 | BSE:100 Per Cr |
NSE:3110 | BSE:100 Per Cr |
NSE:3110 | BSE:100 Per Cr |
| Commodity |
MCX: 4180| NSE: 100 Per Cr |
MCX: 4180| NSE: 100 Per Cr |
MCX: 4180| NSE: 100 Per Cr |
| Brokerage Charges |
Complete Brokerage Plans for zerodha |
Complete Brokerage Plans for groww |
Complete Brokerage Plans for paytm-money |
| Account Features Compare |
Zerodha |
Groww |
Paytm Money |
| 3 in 1 Account |
No |
No |
No |
| Charting |
Yes |
Yes |
Yes |
| Algo Trading |
Yes |
No |
No |
| SMS Alerts |
No |
No |
No |
| Online Demo |
Yes |
No |
No |
| Online Portfolio |
Yes |
Yes |
Yes |
| Margin Trading Funding Available |
Yes |
Yes |
No |
| Combined Ledger for Equity and Commodity |
Yes |
Yes |
No |
| Intraday Square-off Time |
3:20 PM |
3:10 PM |
3:10 PM |
| NRI Trading |
Yes |
No |
No |
| Other Features |
NIL |
NIL |
NIL |
| Trading Platform Compare |
Zerodha |
Groww |
Paytm Money |
| Web Trading Platform |
Yes |
Yes |
Yes |
| Web Trading Detail |
Zerodha Kite Web |
Yes |
Paytm Money Web |
| Web Trading Demo |
Web Trading Demo |
Web Trading Demo |
Web Trading Demo |
| Mobile Trading |
Yes |
Yes |
Yes |
| Mobile Trading App |
Zerodha Kite App |
Groww App |
Paytm Money App |
| Mobile Trading App Demo |
Zerodha Kite App |
Groww App |
Paytm Money App |
| Android Mobile App |
Yes |
Yes |
Yes |
| Android App Download |
Android Zerodha Kite App Download |
Android Groww App Download |
Android Paytm Money App Download |
| iPhone Mobile App (IOS) |
Yes |
Yes |
Yes |
| iOS App Download |
iOS Zerodha Kite App Download |
iOS Groww App Download |
iOS Paytm Money App Download |
| Android Tablet App |
Yes |
Yes |
Yes |
| iPad App (IOS) |
Yes |
Yes |
Yes |
| Trading Software Charges |
Free |
Free |
Rs. 30 per month |
| Equity Brokerage Calculator |
Equity Intraday and Delivery Brokerage Calculator for Zerodha |
Equity Intraday and Delivery Brokerage Calculator for Groww |
Equity Intraday and Delivery Brokerage Calculator for Paytm Money |
| Futures Brokerage Calculator |
Futures Brokerage Calculator for Zerodha |
Futures Brokerage Calculator for Groww |
Futures Brokerage Calculator for Paytm Money |
| Options Brokerage Calculator |
Option Brokerage Calculator for Zerodha |
Option Brokerage Calculator for Groww |
Option Brokerage Calculator for Paytm Money |
| Detail |
Detail on Trading Platforms for Zerodha |
Detail on Trading Platforms for Groww |
Detail on Trading Platforms for Paytm Money |
|
Zerodha |
Groww |
Paytm Money |
|
162 Customer reviews Rate |
14 Customer reviews Rate |
20 Customer reviews Rate |
| Fees Ratings |
4.0 |
4.2 |
1.0 |
| Trading Brokerage Rating |
4.4 |
3.6 |
1.3 |
| Trading Platform Usability |
3.7 |
3.9 |
1.0 |
| Customer Service Ratings |
3.8 |
3.4 |
0.8 |
| Overall Rating |
3.9 |
4.0 |
0.9 |
| Broker Rating |
Zerodha is Rated 3.9 / 5 based on 162 customer reviews |
Groww is Rated 4.0 / 5 based on 14 customer reviews |
Paytm Money is Rated 0.95 / 5 based on 20 customer reviews |
| Investment Offerings Compare |
Zerodha |
Groww |
Paytm Money |
| Equity Cash and F&O |
Yes |
Yes |
Yes |
| Currency Derivatives |
Yes |
No |
No |
| Commodity |
Yes |
Yes |
No |
| Online IPO Application |
Yes |
Yes |
Yes |
| Mutual Funds |
Yes |
Yes |
Yes |
| Bonds / NCD |
Yes |
No |
No |
| ETF |
Yes |
Yes |
Yes |
| Banking |
No |
No |
No |
| Insurance |
No |
No |
Yes |
| Forex |
No |
No |
No |
| MF SIP Investment |
Yes |
Yes |
Yes |
| Equity SIP Investment |
Yes |
Yes |
Yes |
| PMS Service |
No |
No |
No |
| Other Investment Options |
NIL |
NIL |
|
| MTF Compare |
Zerodha |
Groww |
Paytm Money |
| MTF Leverage |
Upto 5x leverage on 1300+ stocks |
Upto 4x leverage with MTF |
Up to 4X buying power on 1200+ stocks |
| MTF Interest Rate |
0.04% per day (14.6% per annum) |
0.041% per day (14.95% per annum) |
7.99% – 9.99% per annum |
| MTF Segment |
Equity Delivery (NSE) |
Equity Delivery |
Equity Delivery |
| MTF Pledge Charges |
₹15 per ISIN |
₹20 per order |
₹20 per ISIN |
| MTF Unpledged Charges |
₹15 per ISIN |
₹20 per order |
₹20 per ISIN |
| Maximum MTF Funding |
₹50 crore per account |
NA |
Up to ₹5 crore |
| API Compare |
Zerodha |
Groww |
Paytm Money |
| API Type |
Trading API Market Data API (Websocket API) Historical Data API Publisher API |
Trading APIs Portfolio API Ordering API Live Data API Smart Order API Historical Data APIs |
Trading API Live Market Data API |
| API Charges |
Kite Connect API: Rs 500 per month Personal: Free |
₹499/month |
Free |
| Customer Service Compare |
Zerodha |
Groww |
Paytm Money |
| 24/7 Customer Service |
No |
No |
No |
| Email Support |
Yes |
Yes |
Yes |
| Online Live Chat |
No |
Yes |
No |
| Phone Support |
Yes |
Yes |
No |
| Toll Free Number |
No |
No |
No |
| Through Branches |
Yes |
No |
No |
| Customer Care Number |
"+ 91 80 4040 2020" |
9108800604 |
NA |
| Account Opening Process |
Online/Paperless |
Online |
Online/Paperless |
| Customer Support Email |
[email protected] |
[email protected] |
[email protected] |
| Knowledge Center/Education |
https://zerodha.com/varsity/ |
https://groww.in/digest |
https://www.paytmmoney.com/care |
| Head Office Address |
Zerodha Headquater#153/154 4th Cross Dollars Colony,Opp. Clarence Public School,J.P Nagar 4th Phase,Bangalore – 560078 |
Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 |
Paytm Money Stock Broking Essae Vaishnavi Summit Ground Floor, Koramangla, 80 Feet Road, Bengaluru – 560034 |
| Website |
https://zerodha.com/ |
https://groww.in/ |
https://www.paytmmoney.com/ |
|
Zerodha |
Groww |
Paytm Money |
| Research Mutual Funds |
No |
No |
No |
| Research Equity Reports |
No |
No |
No |
| Research ETF |
No |
No |
No |
| Daily Market Report |
No |
No |
No |
| Free Tips |
No |
No |
No |
| Quarterly Result Analysis |
No |
No |
No |
| News Alerts |
No |
No |
No |
|
Zerodha |
Groww |
Paytm Money |
| DP Source |
CDSL |
CDSL |
CDSL |
| DP ID |
81600 |
88700 |
88800 |
| Demat Account Annual Maintenance Charges(AMC) |
₹300 pa |
Zero |
Zero |
| Advance Deposit |
Nil |
Nil |
Nil |
| Statutory charges |
₹50 |
Legal Charges |
Nil |
| Transaction Charges on Debit (Per ISIN) |
₹8 + ₹5.50 (CDSL Charges) per transaction |
₹8 + ₹5.50 CDSL charges |
₹10 per ISIN |
| Demat |
₹150 per certificate + ₹100 courier charges |
₹150 per certificate + courier charges |
₹250 per 100 shares |
| Remat |
₹150 per certificate + ₹100 courier charges + CDSL Charges |
₹150 per certificate + courier charges |
₹250 per 100 shares |
| Pledge Creation |
₹20 + ₹12 CDSL charges |
₹20 + Rs. 12 per request (CDSL Charges) |
₹32 per ISIN |
| Pledge Creation Confirmation |
Nil |
₹20 + Rs. 12 per request (CDSL Charges) |
Nil |
| Pledge Closure |
₹20 + ₹12 CDSL charges |
₹20 + Rs. 12 per request (CDSL Charges) |
₹32 per ISIN |
| Pledge Closure Confirmation |
Nil |
₹20 + Rs. 12 per request (CDSL Charges) |
Nil |
| Pledge Invocation |
₹20 |
₹20 + Rs. 12 per request (CDSL Charges) |
₹32 per ISIN |
| Failed Instruction Charges |
₹50 per instraction |
₹50 |
Nil |
| Other Charges |
Nil |
Nil |
Nil |
|
Zerodha |
Groww |
Paytm Money |
| Likes |
Enjoys a credible brand reputation Multiple products: Equity, F&O, IPO, MF, Bonds, G-secs, Cost-effective trading with flat fee and free investment in stocks, IPO, and mutual funds Hassle-free account opening Single margin account to trade in equity and commodity Zero minimum balance required in the Zerodha trading account Technologically advanced trading platforms and tools at no additional cost Add-on features like GTT order, alert trigger order, trade from charts, etc. Margin Trading Facility (MTF) Debt-free company Detail Review… |
Easy onboarding process Low-cost trading with Rs 20 maximum brokerage charged. Trade or invest in NSE and BSE listed stocks and F&O Zero platform fee to use Groww app Get instant and flexible loans on Groww GTT order, basket order, and stop-loss order Buy with upto 4x leverage with Margin Trading Funding (MTF) Detail Review… |
100% paperless KYC process No annual maintenance charges on Demat Account Free account opening at no cost Brokerage-free investment in direct mutual funds Transparent pricing model of Rs 20 brokerage One-tap investment in IPO User-friendly platforms with ease of investment Swift and secure UPI payment Bracket order, cover order, GTT order, and OCO order Detail Review… |
| Dislikes |
Zerodha does not offer trading tips, research and advisory services. Software glitches in kite happen certain times. Zero brokerage unlimited trading plan is not offered. Detail Review… |
No NRI Trading No intraday tips, calls, research & advisory Does not provide desktop exe based platform. No customer helpline number Groww is not onboarding new users for US trading account. Detail Review… |
No commodity and currency trading Does not offer NRI trading No 3-in-1 account opening facility. Does not offer Rs 0 brokerage unlimited monthly trading plans. Delivery trading is not free No trading terminal offered No branch or customer support High call & trade charge Detail Review… |
| Special Offers/Promo |
🎯 Current Promotion Offer from Zerodha for InvestorGain Visitors: 🆓 Free Account Opening 📈 Free Delivery Trading 💹 Max ₹20 per Order Brokerage on Intraday, F&O, Commodities & Currency 💰 Free Direct Mutual Funds & IPO Investment 📱 Kite & Coin – #1 Trading Platform & Mobile App 🚀 Open Instant Zerodha Account |
🎁 Current Offer from Groww for InvestorGain Visitors: ✅ Free Groww Demat & Trading Account 📭 Zero Demat AMC for Lifetime 💹 Max ₹20 Brokerage per Order on All Trades 🌱 Free Mutual Funds & IPO Investments 🚀 Open Instant Groww Account Now! |
Max Rs. 20 per order brokerage on intraday, delivery, and equity derivatives trading Lifetime Zero Demat AMC A/c Free direct mutual fund investment Open Instant Paytm Money Account Now! |
|
Open Zerodha Account Now |
Open Groww Account Now |
|
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