Can a guardian open and manage multiple minor Demat accounts with FYERS?
Yes. A guardian can be mapped to multiple minor Demat accounts with FYERS. Each minor must have a separate Demat account, and the guardian must complete the account-opening process individually for every minor.
Minor account rules for guardians
- One guardian can open and manage multiple minor Demat accounts.
- Each minor account must be opened and managed independently.
- The guardian must complete a separate application and submit the required documents for each minor account.
- Only one guardian can be mapped to each minor Demat account.
Joint guardianship or shared guardianship is not permitted. However, the same eligible guardian can be mapped to more than one minor Demat account.
For complete minor account setup instructions, refer to our minor Demat account opening procedure.
Each minor Demat account is managed individually. Authorisations, documentation, and portfolio activity are not shared between accounts, even when the same guardian manages multiple minor accounts.
What If...
| Scenario | Outcome |
|---|
| A guardian has two children and wants to manage both minor accounts | Allowed. A separate Demat account and application must be completed for each minor. |
| The guardian is acting for unrelated minors | Permitted only if the guardian meets the applicable eligibility requirements for each minor. |
| The guardian tries to link multiple minors through one application | Not permitted. A separate application and Demat account are required for each minor. |
| Two guardians want to be mapped to one minor account | Not permitted. Only one guardian can be mapped to each minor Demat account. |
Last updated: 04 Aug 2026
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