How to open Minor Demat Account?

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 a minor is 10 years older or even less, parents can open a demat account for their kids. 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. 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.