What to do when a minor child turns 18 years?

When a minor turns major and completes 18 years of age, they have to register fresh KYC to convert the minor demat account to an individual account.

To do so, following documents are to be submitted to the broker;

• A new mobile number and email ID
• Individual account opening form
• Passport size photograph
• Signature
• Self-attested copy of PAN card
• Self-attested copy of address proof
• Bank account proof
• An income proof is required to trade in the F&O segment

Courier all the documents with a cheque of Rs 500 in the name of Zerodha to open equity and commodity trading accounts together. Once all the documents are verified, the team will remove the guardian’s details from the minor’s account.