India, March 4 -- Paytm has launched a new feature, designed to simplify stock trading by enabling automatic payment deductions directly from users' bank accounts.

The feature, UPI Trading Blocks, also known as Single Block Multiple Debits, eliminates the need for users to transfer large sums to their trading accounts on brokerage apps before executing trades, Paytm said in a statement.

Built on NPCI's infrastructure and leveraging UPI, the service deducts the amount only when a trade is made, allowing users to keep their funds in their bank accounts and continue earning interest until an actual trade occurs, it added.

"UPI Trading Blocks on Paytm UPI simplifies fund management by enabling seamless, automatic payment deductions directl...