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Flat ₹20/trade Intra-day/F&O
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Yes Demat account can be opened in the name of a minor child by the natural guardian (parents) or court-appointed guardians only. The account will be operated by a guardian till the minor becomes major, Guardian has to be the father or in his absence mother. In absence of both, father or mother, the guardian can be appointed by court. The guardian needs to fulfill all requirements for documents and KYC norms to open the account in the name of the minor. Also a minor cannot be a joint holder in a demat account.
The demat account can be held only in the name of the minor. Date of birth of the minor is mandatory required, with proof. The account becomes inoperative when the minor turns major. On attaining major status, a new demat account needs to be opened after completing all documentation.
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Flat ₹20 Per Trade in F&O
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