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Minor Demat Account Opening Online Benefits With Choice

Early Investment Benefits

Early Investment Benefits

Start building your child's financial future with diversified investments and expert guidance.

Strategic Tax Planning

Strategic Tax Planning

Choice enables strategic income clubbing with guardians for optimal tax benefits.

Compounding Wealth

Compounding Wealth

Automated SIP investments maximize compounding power over decades, for substantial growth.

Financial Education Platform

Financial Education Platform

Interactive smart tools and expert insights build essential money management skills from an early age.

Goal-Based Wealth Building

Goal-Based Wealth Building

Invest strategically for education, marriage, and major life milestones through award-winning expertise.

Seamless Account Transition

Seamless Account Transition

Effortless conversion to a full adult account at age 18 within the Choice ecosystem continuity.

What is Demat Account For Minors

A Minor Demat Account is a type of Demat account opened in the name of a child below 18 years of age. Since minors cannot legally operate financial accounts independently, the account is typically managed by a parent or a court-appointed legal guardian.

This account allows parents to start investing early on behalf of their children in shares, mutual funds, ETFs, IPOs, and other delivery-based securities. It works just like a regular Demat account, but with certain restrictions, such as no intraday trading, futures, or options.

Opening a Demat account for a minor is a smart way to build long-term wealth, gift shares, or start SIPs that can secure your child's future.

How to Open a Demat Account for a Minor​​​?

STEP 1

Register with Mobile Number

Verify via OTP & fill the application form to start instantly.

STEP 2

Upload Required Documents

Submit the required KYC documents of both the minor & guardian.

STEP 3

Authenticate with e-Sign

Once documents are verified, authenticate using Aadhar OTP.

STEP 4

Start Investing

Once activated, invest in SIPs, IPOs, mutual funds & more.

Eligibility Criteria & Documents for Minor Demat Account

The account holder must be below 18 years of age at the time of opening the account. Once the minor turns 18, the account needs to be converted into a regular individual Demat account.
A parent or a court-appointed legal guardian must be registered as the account operator. The guardian will handle all transactions until the minor reaches adulthood.
A valid PAN card is mandatory for both the minor and the guardian. The PAN must be linked with Aadhaar as per regulatory requirements.
The minor’s date of birth must be established through official documents such as a birth certificate, passport, or school leaving certificate.
Both the minor and guardian must fulfill KYC (Know Your Customer) requirements, including identity proof, address proof, and photographs. The guardian’s KYC will govern account operations until the minor becomes eligible.
A bank account in the minor’s name must be linked with the Demat account. All payments, dividends, and refunds related to investments will be routed only through this account.
A minor can only be the sole holder of the demat account. Joint accounts with minors are not permitted under SEBI regulations.

Minor’s Identification Documents

PAN Card

A valid Permanent Account Number (PAN) card of the minor is mandatory for opening the account.

Proof of Birth

Certified copy of the birth certificate, school leaving certificate, or passport to establish the minor’s age.

Photograph

A recent passport-size photograph of the minor for identity records.

Aadhaar Card

Copy of the minor’s Aadhaar card for identity and address verification.

Bank Account Proof

Cancelled cheque, latest bank statement, or a passbook copy of the minor’s bank account to link for transactions.

Guardian’s Identification Documents

Guardian PAN Card

Copy of the PAN card of the parent or legal guardian authorised to operate the account.

Guardian Aadhaar Card

Copy of the Aadhaar card for the identity of the guardian.

Address Proof

Valid address proof such as Aadhaar, passport, voter ID, or driving license of the guardian.

Photograph

A recent passport-size photograph of the guardian as part of the KYC documentation.

Bank Account Details

Guardian’s bank account proof (cancelled cheque, passbook, or statement) for fund transfers and operational control.

Compliance and Authorisation Documents

Court Order (If Applicable)

If the guardian is court-appointed, a certified copy of the court order must be provided.

Minor Demat & Trading Account Charges

Zero

Account Opening Fee

Zero

AMC for 1st Year

Zero

Auto Square-Off Charges

Lowest

Brokerage Charges

View Charges

Minor Demat Account Age Limit

A Minor Demat account can be opened for any child below 18 years of age. The account remains valid till the minor reaches adulthood.

Eligibility: Any child under 18 years can have a Demat account, operated by a parent or legal guardian.

Guardian’s role: All transactions are managed either by the parent or guardian until the child turns 18.

Conversion at 18: Once the minor becomes an adult, the account must be converted into a regular Demat account in their own name through a formal KYC and verification process.

Minor Demat Account Rules and Regulations

When you open a Demat account for a minor, certain rules apply:

What is Permitted?

  • Applying in IPOs, FPOs, and OFS in the name of the minor
  • Investment in ETFs, shares, and delivery-based securities
  • Investing in mutual funds

What is Not Permitted?

  • Speculative trading, such as intraday buy & sell
  • Non-delivery trades (only delivery-based transactions are allowed)
  • Futures & Options (F&O) trading
  • Making payments from any bank account other than the minor’s own account
  • Pledging of shares for margin or loans.

Minor Demat to Regular Demat

When a child turns 18, their minor Demat account does not automatically become a regular account. A formal conversion process is required to give the individual full ownership and control.

Steps to Convert a Minor Demat Account:

  • Contact Your DP: Reach out to the stockbroker or depository participant where the minor account is held.
  • Submit a New Application: Fill out a fresh account opening form for an individual Demat account.
  • Complete Fresh KYC: Provide updated KYC documents such as PAN, Aadhaar, and proof of address.
  • Provide New Signatures: Submit your signature to replace the guardian’s authorisation.
  • Transfer Holdings: All shares and securities in the minor account are shifted to the new individual account.

Why Open a Minor Demat Account with Choice

30+ Years

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₹1,106 Cr

Net worth

217+

Local Branches

What Parents Say

Opening a minor demat account for my son was effortless and completely paperless. Within minutes, I could start investing for his future!.

Priya Sharma

Priya Sharma

Marketing Executive | Pune

Open Minor Demat Account Today!

FAQs on Minor Demat Account

Yes, a minor Demat account can be opened in India, but it must be operated by a parent or legal guardian. A Trading account for minors is also possible, but only for delivery-based investments (no intraday or F&O).

With Choice, the minor Demat account opening procedure is 100% digital and usually completed within 24–48 hours after document verification.

No. Until the demat account age limit, which is 18 years, the account is operated by the guardian. Once the minor turns 18, the account must be converted into a regular Demat account to be self-operated.

Yes. A bank account in the minor’s name is mandatory and must be linked to the Demat account.

No. A PAN card is mandatory for both the minor and the guardian.

No. A minor cannot be a joint holder in any demat account.

Yes. A minor is allowed to participate in buyback offers through their Demat account under the parent/guardian’s guidance.

Yes. Minors can apply in IPOs, ETFs, FPOs, and mutual funds using their Demat account under the parent/guardian’s guidance.