Broker comparison
Kotak Neo (Kotak Securities) vs Paytm Money (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Kotak Neo (Kotak Securities) and Paytm Money from published official pricing and features — no affiliation with either broker.
- 3 – 1Cheaper on example trades (Kotak Neo (Kotak Securities) – Paytm Money)
- 6 – 3Published features (of 9)
| Metric | Kotak Neo (Kotak Securities) | Paytm Money |
|---|---|---|
| Delivery brokerage | 0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month) | ₹20 per order (accounts opened on or after 25 Aug 2023) |
| Intraday brokerage | ₹10 or 0.05% per order (whichever is lower) | ₹20 per order (flat) |
| F&O brokerage | ₹10 per order (flat) | ₹20 per order (flat) |
| AMC | Not Disclosed | ₹0 demat AMC (per official site) |
| Account opening | Free (online) | See official pricing page |
| Trading API | Kotak Neo Trade API — Free (per official page) | Paytm Money API |
| Reported execution speed | ≈ 80 ms (median) | Not Disclosed |
| Algo support | Yes - via Neo Trade API | Yes - via trading API |
| Platforms | Kotak Neo app, Kotak Neo web, NEST terminal | Paytm Money app, Paytm Money web |
| Best for (published) | Kotak Bank customers wanting integrated broking with research. | Paytm users who want investing and broking inside one ecosystem. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
Cost face-off: what real trades cost
| Trade | Kotak Neo (Kotak Securities) | Paytm Money | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹59.37 | ₹82.97 | Kotak Neo (Kotak Securities) (saves ₹23.6) |
| Delivery: ₹50,000 buy & sell | ₹379.58 | ₹178.98 | Paytm Money (saves ₹200.6) |
| Options: premium ₹100 × 75 | ₹42.83 | ₹66.43 | Kotak Neo (Kotak Securities) (saves ₹23.6) |
| Futures: ₹24,000 × 75 | ₹1,043.55 | ₹1,067.15 | Kotak Neo (Kotak Securities) (saves ₹23.6) |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | Kotak Neo (Kotak Securities) | Paytm Money |
|---|---|---|
| Free delivery | – | – |
| Zero AMC | – | ✓ |
| Free API | ✓ | – |
| TradingView | – | – |
| MCX commodity | ✓ | – |
| Mutual funds | ✓ | ✓ |
| IPO | ✓ | ✓ |
| Research desk | ✓ | – |
| Published speed | ✓ | – |
What the published data shows
Kotak Neo (Kotak Securities) publishes an execution-speed figure; Paytm Money does not on verifiable sources.
Tools & profiles
- Kotak Neo (Kotak Securities) full profile
- Paytm Money full profile
- Kotak Neo (Kotak Securities) brokerage calculator
- Paytm Money brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Kotak Neo (Kotak Securities) vs Paytm Money: which has lower delivery brokerage?
At our last review, Kotak Neo (Kotak Securities) published delivery brokerage as "0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month)" and Paytm Money as "₹20 per order (accounts opened on or after 25 Aug 2023)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Kotak Neo (Kotak Securities) or Paytm Money have a trading API?
Both have documented APIs at review time: Kotak Neo (Kotak Securities) (Kotak Neo Trade API), Paytm Money (Paytm Money API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Kotak Neo (Kotak Securities) or Paytm Money?
Kotak Neo (Kotak Securities) publishes ≈ 80 ms (median). Paytm Money has no verifiable execution-speed figure we could cite.
Is Kotak Neo (Kotak Securities) cheaper than Paytm Money?
On our four example trades (intraday, delivery, options and futures), Kotak Neo (Kotak Securities) is cheaper on 3, Paytm Money on 1, and 0 are tied. Statutory charges are identical, so any difference comes from brokerage.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- Kotak Neo (Kotak Securities) - official website - https://www.kotakneo.com
- Kotak Neo (Kotak Securities) - official pricing - https://www.kotakneo.com/pricing/
- Paytm Money - official website - https://www.paytmmoney.com
- Paytm Money - official pricing - https://www.paytmmoney.com/stocks/pricing