Broker comparison
Zerodha vs Paytm Money (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Zerodha and Paytm Money from published official pricing and features — no affiliation with either broker.
- 1 – 0Cheaper on example trades (Zerodha – Paytm Money)
- 4 – 3Published features (of 9)
| Metric | Zerodha | Paytm Money |
|---|---|---|
| Delivery brokerage | ₹0 (free) | ₹20 per order (accounts opened on or after 25 Aug 2023) |
| Intraday brokerage | ₹20 or 0.03% per order (whichever is lower) | ₹20 per order (flat) |
| F&O brokerage | ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower) | ₹20 per order (flat) |
| AMC | Free first year, then ₹300 + 18% GST per year, billed quarterly (non-BSDA; ₹0 for BSDA holdings under ₹4 lakh) | ₹0 demat AMC (per official site) |
| Account opening | Free (resident individuals); ₹500 for NRI | See official pricing page |
| Trading API | Kite Connect — Personal API free; Connect (live data + historical) ₹500/month | Paytm Money API |
| Reported execution speed | ≈ 80 ms (median) | Not Disclosed |
| Algo support | Yes - via Kite Connect API | Yes - via trading API |
| Platforms | Kite (web), Kite (mobile), Console, Coin | Paytm Money app, Paytm Money web |
| Best for (published) | Self-directed investors and traders who want low, predictable costs and a stable platform. | 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 | Zerodha | Paytm Money | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹82.97 | ₹82.97 | Tie |
| Delivery: ₹50,000 buy & sell | ₹131.78 | ₹178.98 | Zerodha (saves ₹47.2) |
| Options: premium ₹100 × 75 | ₹66.43 | ₹66.43 | Tie |
| Futures: ₹24,000 × 75 | ₹1,067.15 | ₹1,067.15 | Tie |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | Zerodha | Paytm Money |
|---|---|---|
| Free delivery | ✓ | – |
| Zero AMC | – | ✓ |
| Free API | – | – |
| TradingView | – | – |
| MCX commodity | ✓ | – |
| Mutual funds | ✓ | ✓ |
| IPO | – | ✓ |
| Research desk | – | – |
| Published speed | ✓ | – |
What the published data shows
Zerodha publishes free equity delivery; Paytm Money does not (per official pricing at review). Zerodha publishes an execution-speed figure; Paytm Money does not on verifiable sources.
Tools & profiles
- Zerodha full profile
- Paytm Money full profile
- Zerodha brokerage calculator
- Paytm Money brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Zerodha vs Paytm Money: which has lower delivery brokerage?
At our last review, Zerodha published delivery brokerage as "₹0 (free)" 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 Zerodha or Paytm Money have a trading API?
Both have documented APIs at review time: Zerodha (Kite Connect), Paytm Money (Paytm Money API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Zerodha or Paytm Money?
Zerodha publishes ≈ 80 ms (median). Paytm Money has no verifiable execution-speed figure we could cite.
Is Zerodha cheaper than Paytm Money?
On our four example trades (intraday, delivery, options and futures), Zerodha is cheaper on 1, Paytm Money on 0, and 3 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
- Zerodha - official website - https://zerodha.com
- Zerodha - official pricing - https://zerodha.com/charges/
- Paytm Money - official website - https://www.paytmmoney.com
- Paytm Money - official pricing - https://www.paytmmoney.com/stocks/pricing