Paasa is a global investing platform for Indian residents and NRIs, with shares held in your own name and the LRS, FX and tax paperwork handled for you. INDmoney offers US stocks and UCITS ETFs through a GIFT City wallet, with holdings on its own books, from $1. Choose Paasa to own your shares directly, invest across global markets and have the paperwork handled. Choose INDmoney for small, app-led US investing beside Indian stocks and mutual funds.
How do Paasa and INDmoney compare for US stocks at a glance?
The table compares Paasa and INDmoney as of October 2026, from their own pages.
| Feature | Paasa | INDmoney |
|---|---|---|
| What it is | Global investing platform built on an IBKR account | Personal-finance app. US stocks and UCITS ETFs via a GIFT City wallet |
| Who holds your shares | Interactive Brokers LLC, in an account in your own name | INDmoney's GIFT City company, with your holdings on its books |
| Investor protection | SIPC up to $500,000 plus Lloyd's excess up to $30 million, on your own account | SIPC cover sits with the INDmoney company, per its disclosures |
| Markets | 10 markets, each in its home currency | US stocks and ETFs plus London-listed UCITS ETFs |
| What you can buy | 15,000+ tickers, UCITS ETFs, SIPs | 10,000+ US stocks and ETFs, UCITS units, SIPs |
| Minimum | $100 first deposit, no minimum per trade | From $1 |
| Brokerage | 0.10% plus $0.15 per order, min $0.50, max $50. No monthly fee | A percentage of trade value, capped per trade, plus GST |
| Currency conversion | Partner-bank preferred rates, 0.03% at mid-market in-account | Your bank's rate and markup, shown before you confirm |
| Tax reports | Schedule CG, FA, OS/FSI, Form 67, ITR-2 checklist, Form 1042-S | Schedule FA and FSI statements, Form 67 data, free ITR filing |
| Advice and support | SEBI-registered advice and a relationship manager on Apex | App-led, with in-app chat and email |
What is Paasa, and what is INDmoney?
Paasa is a global investing platform for Indian investors, built on Interactive Brokers. A Paasa account is an IBKR account opened in the investor's own name. Paasa adds Indian onboarding, LRS and FX support, INR tax reports and SEBI-registered advice.
INDmoney is an Indian personal-finance app covering mutual funds, Indian stocks, US stocks and UCITS ETFs, with US stocks since 2019. As of October 2026, that runs through INDmoney Global (IFSC) Pvt Ltd, an IFSCA-regulated Global Access Provider in GIFT City, with trades cleared by Alpaca Securities or DriveWealth.
Who holds my shares on Paasa and on INDmoney?
On Paasa, Interactive Brokers LLC holds your shares in an account in your own name. On INDmoney, the US broker account is in its GIFT City company's name, and your holdings are a beneficial interest on its books.
A Paasa account carries SIPC protection up to $500,000, including $250,000 for cash, plus Lloyd's excess cover up to $30 million. If Paasa ever shut down, the assets would stay at IBKR in your name. See how your money is held and protected with Paasa.
INDmoney uses the consolidated-account model allowed under the IFSCA global access framework. Its disclosures, as of October 2026, say it opens no separate brokerage account in your name, orders may be aggregated, and SIPC cover applies to the company rather than to you.
What does each cost on a US trade?
Paasa and INDmoney both charge a percentage of trade value with a cap per trade. Paasa's figures are from its pricing page, October 2026.
Paasa's Access plan has no monthly fee. US brokerage is 0.10% of trade value plus $0.15 per order, with a $0.50 minimum and a $50 maximum. A $2,000 order costs $2.15 and a $10,000 order $10.15. In-account currency conversion costs 0.03%, minimum $2, at the mid-market rate. Apex adds advice for 1% a year plus GST from $50,000, 0.7% from $100,000 and 0.5% from $500,000.
INDmoney charges a percentage of each trade up to a cap, plus GST, with no platform or withdrawal fee but a fee to transfer out. On both, currency conversion is usually the larger cost, and that is where Paasa's partner-bank rates count. Compare your typical ticket with Paasa's brokerage calculator and the all-in cost comparison.
How do I send money from India to Paasa or INDmoney?
Both are funded with an LRS remittance from an Indian bank. The RBI lets each resident remit up to USD 250,000 per financial year (RBI). Tax Collected at Source (TCS) applies at 20% on investment remittances above ₹10 lakh in a financial year (Income Tax Department TCS rates). TCS is not a fee. It is adjusted or refunded when you file your return.
With Paasa, partner banks HDFC, ICICI, Axis and Kotak offer preferred FX rates. Paasa pre-fills Form A2 and Forms 15CA/CB and earns nothing on FX. Withdrawals go out in any currency to any account in your name. With INDmoney, you remit in-app through six partner banks at the bank's rate, the app tracks LRS use and TCS, and withdrawals return to your linked Indian account. Paasa's LRS guide and TCS guide cover the steps.
Which markets and products can I buy on each?
Paasa reaches 10 markets, and INDmoney the US plus London-listed UCITS ETFs. Paasa covers 15,000+ tickers across the US, UK, Switzerland, Germany, France, Netherlands, Hong Kong, Japan, Canada and Singapore, each in its home currency. It adds UCITS ETFs in whole units or fractions, SIPs, and stop and trailing-stop orders.
INDmoney's wallet covers 10,000+ US stocks and ETFs with extended hours, plus LSE-listed UCITS ETFs, in fractions from $1 with SIPs. Everything is bought from one USD balance, with no non-US stocks.
What do I get at tax time from Paasa and from INDmoney?
Both send Indian tax paperwork, and INDmoney adds free ITR filing. Each financial year, Paasa provides Schedule CG, FA and OS/FSI, Form 67, an ITR-2 checklist and Form 1042-S, all in INR. Paasa's capital gains guide, Schedule FA guide and Paasa Tax cover the details.
INDmoney's tax centre prepares Form 67 data and Schedule FA and FSI statements, and files your ITR free in the app. The Indian rules are the same on both. Gains on US shares held over 24 months are taxed at 12.5%, shorter holdings at your slab rate. The US withholds 25% on dividends with a W-8BEN on file, claimable through Form 67.
What is day-to-day use like on Paasa and on INDmoney?
Paasa is built around one global account with human support, and INDmoney around one app for Indian and US money. On Paasa, uninvested USD above $10,000 earns interest, up to 3.38% a year as of October 2026. Paasa's team answers by email and WhatsApp on weekdays, and Apex clients get a relationship manager.
On INDmoney, mutual funds, Indian stocks, US stocks and UCITS ETFs sit on one screen. Support runs through in-app chat and email, with no published hours as of October 2026.
When is INDmoney the better choice?
INDmoney may suit you better than Paasa if:
- You want to start small, with fractional US shares and UCITS units from $1.
- You want Indian stocks, mutual funds and US stocks in one app.
- You run small US SIPs and want free ITR filing bundled in.
Should I choose Paasa or INDmoney?
Choose Paasa to hold shares in your own name, reach markets beyond the US, and have the LRS, FX and tax paperwork handled. Choose INDmoney for small, app-led US investing beside your Indian portfolio.
| If you want… | Better fit |
|---|---|
| Shares held in an account in your own name | Paasa |
| UK, European, Hong Kong or Japanese stocks in their home currency | Paasa |
| Advice and a relationship manager from $50,000 | Paasa (Apex) |
| To diversify RSUs held at a US broker | Paasa |
| Fractional US shares and UCITS units from $1 | INDmoney |
| Indian stocks, mutual funds and US stocks in one app | INDmoney |
Already on INDmoney? Paasa accepts in-kind ACATS transfers of US stocks and ETFs, with purchase dates and prices preserved. Fractional shares are sold first and cash moves separately, as the transfer guide from INDmoney to Paasa explains. Many investors keep INDmoney for mutual funds and Paasa for everything global.
How does Paasa help investors coming from INDmoney?
- Paasa opens the IBKR account in your own name, with SIPC and Lloyd's excess protection.
- Paasa adds nine markets beyond the US, each traded in its home currency.
- Paasa's Apex plan adds SEBI-registered advice and a relationship manager.
Disclosures
Advisory services are offered by Arc Spire Advisory Private Limited, a SEBI Registered Non-Individual Investment Adviser, INA000021058. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. This article is not tax advice. Consult a qualified tax adviser for your situation.
