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Yes, minor bank account is mandatory to open a trading and demat account.
The bank account of the minor is required because all the redemptions and sale proceeds from stocks or mutual funds will be credited to the minor’s account only.
Minors' bank accounts must have a guardian to operate their account. Father is the natural guardian, in the absence, a mother can be a guardian, or in the absence of both, the legal guardian will be appointed by the court.
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