What to do when a minor child turns 18 years?

Question

What to do when a minor child turns 18 years?

Accepted Answer · 2024-02-06

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.

What to do when a minor child turns 18 years?

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