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.
| Metric | Zerodha | Paytm Money |
|---|---|---|
| Delivery brokerage | ₹0 (free) | ₹20 per order - see official pricing for current schedule |
| Intraday brokerage | ₹20 or 0.03% per order (whichever is lower) | ₹20 per order (flat) |
| F&O brokerage | ₹20 per order (flat, options) | ₹20 per order (flat) |
| AMC | ₹300 per year | ₹0 demat AMC (₹300 per year platform fee applies) |
| Account opening | ₹200 (online) | See official pricing page |
| Trading API | Kite Connect — See official Kite Connect pricing page | Paytm Money API — See official developer page |
| 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.
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
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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 - see official pricing for current schedule". 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.
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/pricing