One 97 Communications Limited — Updates, 04-03-2025: Press Release

Paytm UPI has introduced a new feature called UPI Trading Blocks that enhances the trading experience on equity broking apps by allowing automatic payment deductions directly from bank accounts. This innovation eliminates the need for traders to transfer substantial funds to their trading accounts, enabling them to retain their money in interest-earning bank accounts until trades are executed.

The automatic deduction occurs without requiring a UPI PIN, making transactions faster and manageable directly through the Paytm app. Currently supported for UPI handles of Axis Bank and Yes Bank, this service is set to expand to other major banks, including State Bank of India and HDFC Bank.

With UPI Trading Blocks, traders benefit from maintaining transparency over their funds, earning interest on their deposits, and experiencing streamlined transactions, enhancing overall convenience in managing their investments. This development aligns with Paytm’s mission to innovate and improve customer experiences in the financial services sector, presenting a positive outlook for both user engagement and transaction efficiency in stock trading.