Minors
What are the documents required to open minor Demat account with FYERS?
Guardians can open a minor Demat account with FYERS through an online process. However, before starting the application, the guardian must already hold an active FYERS Demat account. Documents required for opening a minor Demat account Make sure the ...
Can a minor sell holdings, receive corporate actions, or apply for IPOs?
Minors can hold Demat accounts through FYERS with their legal guardian acting as the account operator. However, the features available for such accounts are limited due to regulatory and platform constraints. Selling holdings from a minor’s Demat ...
Can a minor with foreign citizenship open a Demat account with FYERS?
No, a minor with foreign citizenship cannot open a Demat account with FYERS. As per Indian regulatory requirements, Demat accounts can only be opened in the name of Indian citizens, including minors. Eligibility limitations for foreign minors To open ...
Can a guardian open and manage multiple minor Demat accounts with FYERS?
A guardian may open and manage multiple minor Demat accounts with FYERS, but there are specific conditions to ensure compliance and traceability. These accounts must be opened for the guardian's children and must be managed individually. Minor ...
Who can be appointed as a guardian for a minor's Demat account?
A minor cannot legally operate a Demat account, so a guardian must be appointed to manage the account until the minor turns 18. The appointment of a guardian follows specific rules set by depositories (NSDL/CDSL) and applicable regulations. Guardian ...
What are the charges for a minor's Demat account at FYERS?
FYERS offers zero-cost setup and maintenance for minor Demat accounts, making it simple for guardians to start long-term investments on behalf of children. However, standard DP (Depository Participant) charges apply when securities are sold from the ...
What happens to a minor's Demat account when the minor becomes major?
When a minor turns 18, their Demat account does not automatically convert to a regular (individual) account. To continue using the account, the now-major individual must complete a formal account conversion process that includes KYC re-submission and ...
Can a minor invest in mutual funds with FYERS?
Yes, minors can invest in mutual funds with FYERS. The process is the same as for any individual account, except that all transactions are carried out by the guardian linked to the minor’s account. Mutual fund investing through FYERS Mutual funds can ...
Can I open a Demat account for my relative's minor child?
No, FYERS does not permit opening a minor’s Demat account unless you are the legal guardian—specifically, the child's father, mother, or a court-appointed guardian. Relatives such as uncles, aunts, grandparents, or family friends cannot act as ...
What is the procedure to open a minor account in FYERS?
Guardians can open a minor Demat account through FYERS. The process is entirely digital and requires the guardian to have an active FYERS Demat account. The minor’s account will be operated by the guardian until the child turns 18. Step-by-step ...
Can a minor open a trading and Demat account with FYERS?
Minors are not allowed to operate trading accounts independently. However, guardians can open a Demat account in the name of a minor and manage it on their behalf. This setup is governed by SEBI regulations and is limited to certain investment ...
Popular Articles
How Long Does It Take to Process a Withdrawal Request on FYERS?
Timing matters when it comes to fund withdrawals. Depending on when and how you place your request—and how the funds were added—this guide explains when you can expect the amount to be processed and credited to your bank account. Withdrawal ...
Why do I see warning messages when trading stocks on FYERS?
When placing an order on FYERS, you might occasionally see a warning message such as “Regulatory Caution.” These alerts are shown for stocks that fall under one or more regulatory, risk, or trading restrictions. They’re meant to inform and protect ...
What is a Smart Limit Order?
A Smart Limit Order is an advanced type of limit order that allows users to set custom expiry times and actions, ensuring the expected execution of the order. It includes features like Market Protection Price (MPP) to safeguard against undesirable ...
Are there Annual Maintenance Charges (AMC) at FYERS?
No, FYERS does not levy any Annual Maintenance Charges (AMC) for maintaining your Demat or trading account. This makes FYERS cost-effective, especially for long-term investors who prefer to hold securities without frequent trading. What is AMC? AMC ...
What is GTT? Can I place a GTT order in FYERS?
GTT, or Good Till Trigger, is an advanced order type that allows you to set Buy or Sell orders at a predetermined price, which remains active until the trigger condition is met — or for a maximum of one year from the date of order placement. What is ...