Paytm Money Reduces Interest Rates and Brokerage for Investors

(mohsina bano)

Jaipur : Paytm Money has announced a reduction in interest rates and a revised brokerage structure for its Pay Letter (MTF) offering, aimed at promoting affordable and accessible trading for investors. The flexible interest rate has been reduced from the current 14.99% per annum to 9.75% per annum, making trading more cost-effective. Additionally, Paytm Money has introduced a new brokerage rate of 0.1% per trade.

The new slab-based interest rate structure will offer investors optimized rates based on their funding book size. Investors with a funding book size of over ₹25 lakhs will benefit from a 9.75% per annum interest rate. Those with a book size of ₹1 lakh to ₹25 lakhs will be charged an interest rate of 14.99% per annum.

This step is taken to make margin trading more accessible and affordable for investors. A Paytm Money spokesperson stated, "We are committed to providing investor-friendly solutions to democratize wealth management in India, enabling more investors to start their wealth-building journey with affordable interest rates."

The revised interest rates will be effective from April 18, 2025, and the new brokerage rate of 0.1% per trade will be implemented from May 18, 2025.

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