Canara Bank vs Paytm Money – Compare Charges, Trading Features, Offers & more

Find a Comparison of Canara Bank vs Paytm Money here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Canara Bank and Paytm Money.

Background

Year of Incorporation 1996 2017
Website https://www.canmoney.in/ https://www.paytmmoney.com/
Phone 1800-22-0369 07612796277
Exchanges enabled BSE, NSE, NCDEX, ICEX, MCX BSE, NSE
Demat (NSDL/CDSL) CDSL and NSDL CDSL
Brokerage

Equity 0.35% for Delivery & 0.04% for Intraday 2.5% or Rs 20 per executed order, whichever is lower
Equity Futures 0.04% 0.02% or Rs 20 per executed order, whichever is lower
Equity Options Rs.50 per Lot Rs 20 per lot
Currency Futures 0.04% Not Available
Currency Options Rs.50 per Lot Not Available
Commodity Rs.50 per Lot Not Available
Account Opening Costs

Trading only Free Rs 200
Trading & Demat Free Rs 200
Commodity Free Not Available
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.00325%
Futures 0.00325% 0.003% of Turnover
Options 0.00325% 0.05%
Commodities 0.00325% Not Available
AMC charge Rs.500 per Annum Rs 0
DP Transaction Charge Rs 9 + GST Rs. 13.5/- per sell transaction
Offline order placing Charge Rs 20 per executed order 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days Yes
End of Day 5 Years Yes
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 2x for Delivery & Upto 6x for Intraday Upto 4x for Intraday
Equity Futures Upto 3X Upto 2x for intraday
Equity Options Upto 5X 1x
Currency Futures Upto 2X Not Available
Currency Options Upto 2X Not Available
Commodity Upto 2X Not Available
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 3283 Crores Not Available
Profit after Tax FY12/13 Rs 2872 Crores Not Available
Profit after Tax FY13/14 Rs 2438 Crores Not Available
Profit after Tax FY 14/15 Rs 2703 Crores Not Available
Profit after Tax FY 15/16 Rs (2813) Crores Not Available
Profit after Tax FY 16/17 Rs 1122 Crores Not Available
Profit after Tax FY 17/18 Rs (4222) Crores Rs -1490.47 Crores
Profit after Tax FY 18/19 Rs 347 Crores Rs -2,325.10 Crores
Profit after Tax FY 19/20 Rs (2236) Crores Rs -1,855.80 Crores
Profit after Tax FY 20/21 Rs 4406.07 Crores Rs -1,672.50 Crores
Profit after Tax FY 21/22 Rs 5464.49 Crores Rs -1,476.20 Crores
Profit after Tax FY 22/23 Rs 7518.54 Crores Rs 170 Crores
Debt FY11/12 Rs 4.7 Lakhs Not Available
Debt FY12/13 Rs 5.2 Lakhs Not Available
Debt FY13/14 Rs 5.6 Lakhs Not Available
Debt FY14/15 Rs 6.1 Lakhs Not Available
Debt FY15/16 Rs 6.8 Lakhs Not Available
Debt FY16/17 Rs 7.2 Lakhs Not Available
Debt FY17/18 Rs 8.3 Lakhs Rs 8.96 Crores
Debt FY18/19 Rs 7.9 Lakhs Rs 17.64 Lakhs
Debt FY19/20 Rs 9.4 Lakhs Rs 24.17 Crores
Debt FY20/21 Rs 9.9 Lakhs Rs 22.46 Lakhs
Debt FY21/22 Rs 10 Lakhs Rs 24.41 Lakhs
Debt FY22/23 Rs 4.7 Lakhs Rs 36.35 Lakhs
Profit to Equity(%) FY11/12 74.10 Not Available
Profit to Equity(%) FY12/13 64.83 Not Available
Profit to Equity(%) FY13/14 54.48 Not Available
Profit to Equity(%) FY14/15 11.06 Not Available
Profit to Equity(%) FY15/16 (10.69) Not Available
Profit to Equity(%) FY16/17 4.15 Not Available
Profit to Equity(%) FY17/18 (16.74) 7.40
Profit to Equity(%) FY18/19 1.40 11.34
Profit to Equity(%) FY19/20 (8.05) 13.57
Profit to Equity(%) FY20/21 6.71 20.75
Profit to Equity(%) FY21/22 12.82 15.31
Profit to Equity(%) FY22/23 19.49 19.17
Balance Sheet Size FY11/12 Rs 156538,78.76 Not Available
Balance Sheet Size FY12/13 Rs 182468,06,75 Crores Not Available
Balance Sheet Size FY13/14 Rs 583519 44 35 Crores Not Available
Balance Sheet Size FY14/15 Rs 583519 44 35 Crores Not Available
Balance Sheet Size FY15/16 Rs 583519 44 35 Crores Not Available
Balance Sheet Size FY16/17 Rs 583519 44 35 Crores Not Available
Balance Sheet Size FY17/18 Rs 616886 10 48 Crores Rs 3952.01 Crore
Balance Sheet Size FY18/19 Rs 694766 69 05 Crores Rs 10,751.75 Crores
Balance Sheet Size FY19/20 Rs 723874 74 53 Crores Rs 14,542.33 Crores
Balance Sheet Size FY20/21 Rs 1027147 88 07 Crores Rs 16,356.60 Crores
Balance Sheet Size FY21/22 Rs 1228104 88 07 Crores Rs 15,636.40 Crores
Balance Sheet Size FY22/23 Rs 1345732 24 75 Crores Rs 14,988.80 Crores

Comparison Link:

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Frequently Asked Questions

Is Canara Bank better than Paytm Money ?

Canara Bank and Paytm Money are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Paytm Money better than Canara Bank ?

Canara Bank and Paytm Money are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Canara Bank cheaper than Paytm Money ?

Canara Bank and Paytm Money are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Paytm Money cheaper than Canara Bank ?

Canara Bank and Paytm Money are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Canara Bank vs. Paytm Money ?

To find out the better of the two stockbrokers Canara Bank and Paytm Money, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.