Can a minor open a trading account with FYERS?
No, minors can't directly open a trading account. However, as a guardian, you can open a Demat account in the name of a minor. Once the account is active, you have the option to transfer securities from your account to the minor's account, either as a gift/donation or as a transfer between family members.
For a step-by-step guide on how to set up a minor's Demat account with FYERS, please refer to this article.
Related Articles
Can I open my minor child's account if I don't have a Demat account in FYERS?
To initiate the process of opening a Demat account for your minor child with FYERS, you, as the guardian, must have an active Demat account with us. If you haven't set up a Demat account with FYERS yet, click here. For a detailed understanding of how ...
Can a minor with foreign citizenship but Indian parents open a Demat account with FYERS?
Unfortunately, a minor with foreign citizenship can't open a Demat account with FYERS. This is due to the requirement of both address proof and PAN (Permanent Account Number) for the minor account opening. Currently, only Indian citizens can open a ...
What are the documents required to open minor Demat account with FYERS?
To open a minor Demat account with FYERS online, ensure you have the necessary documents on hand. Here's what you'll need: Minor's PAN card Minor's Aadhaar card or passport Birth certificate of the minor or 10th marks card A cancelled cheque or a ...
What is the procedure to open a minor account in FYERS?
You, as a guardian, can now open your child’s Demat account with us, which is entirely online and paperless, provided you have a Demat account in Fyers. The procedure to do so is as below: Log in to the My Account Portal and go to the ‘Manage ...
Can I open just a trading account at FYERS?
At FYERS, opening a standalone trading account is not an option. We mandate the opening of a Trading cum Demat account to ensure our clients can effortlessly trade and invest in equities or ETFs. The Demat account is essential for holding the ...