Paytm UPI Simplifies Stock Trading with Automatic Payment Deductions
Paytm has introduced UPI Trading Blocks, a feature designed to enhance the broking experience for stock traders by enabling automatic payment deductions directly from their bank accounts. Built on NPCI's infrastructure, this Single Block Multiple Debits feature allows traders to keep funds in their bank accounts, earning interest until the moment of trade execution.
With Paytm UPI Trading Blocks, users no longer need to transfer large sums to brokerage accounts. The system automatically deducts the trade amount when a transaction is made, without requiring a UPI PIN, ensuring seamless, secure, and transparent payments. This approach provides flexibility, allowing investors to manage their funds effortlessly while staying in control of their finances.
Currently, this feature supports UPI handles of Axis Bank (@ptaxis) and Yes Bank (@ptyes), with upcoming availability for State Bank of India (@ptsbi) and HDFC Bank (@pthdfc). After completing a trade, users can conveniently track and manage their funds through the Paytm app.
By bridging the gap between banking and trading, Paytm UPI is streamlining the investment process, making it more accessible and efficient for traders across the country. This innovation marks another step towards enhancing India’s digital financial ecosystem, providing users with a smarter, more convenient trading experience.
