Guardian's Prerequisite for Opening a Minor's Demat Account

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 to open a minor's account, please refer to this article.

    • Related Articles

    • 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 ...

    • 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 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 ...

    • 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 ...