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 minor Demat account in India.
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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 ...
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 ...
Can foreign corporates open an account with FYERS?
Yes, foreign corporate entities, as well as Overseas Corporate Bodies (OCBs), are eligible to open accounts with FYERS. To accommodate the unique requirements of international entities in the Indian stock market, we offer tailored support and ...
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 ...
Can I open a Demat account for my relative's minor child?
No, you can't open a Demat account for your relative's minor child in your capacity as a guardian. The account should ideally be opened by the child's father or mother. Note: If both parents are absent, a legal guardian appointed by the court can ...