How to open minor demat account?

Question

How to open minor demat account?

Accepted Answer · 2024-05-24

Minors can open demat account in India and invest in shares and exchange-traded funds (ETFs). Parents who want to invest in the share market for their kids must open a demat account for their minor kid. Minor demat account are opened with parent or guardian.

Whether you are 10 years older or even less, you can open a demat account for your kid. Most of the stock brokers in India offer an offline account opening process where parents have to fill out minors demat account opening form, enclose the required documents of both the minor child and parents and send them to the broker’s office.

However, if you have an account in Zerodha, you can open a demat account for minors online. Yes, Zerodha allows parents to open minors demat accounts online. There are no charges to open a minors account in Zerodha.

List of documents required for opening minors demat account

Parent’s PAN Card number
PAN card of the minor child
Address proof of the parent i.e., Aadhaar card, license, passport, etc.
Minor’s birth certificate as a proof of minor’s age and relationship with parent
Minor’s bank account proof: It is mandatory because all the sale proceeds will be credited to the minors bank account online.

How to open minor demat account?

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