Is a minor eligible to apply for an IPO?
Yes, a minor can apply for IPOs. The application process remains the same as for a regular Demat account holder. For a detailed step-by-step guide on the application procedure, please refer to this article.
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Is a minor Demat eligible for corporate actions?
Yes, a minor can benefit from all corporate actions in his/her Demat account. These corporate actions include dividends, buybacks, rights issues, bonus issues, and stock splits. Note: While the Demat account is in the minor's name, it is managed by ...
Can NRIs apply for IPOs through the FYERS account?
Indeed, NRIs have the option to apply for Initial Public Offerings (IPOs) using their FYERS Demat account, specifically by linking their NRO Non-PIS (Non-Portfolio Investment Scheme) account. This particular account streamlines the application ...
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 ‘Minor Account’ ...
What happens to a minor's Demat account when the minor becomes major?
Once a minor reaches the age of majority, the Demat account doesn't automatically transition to an adult account. To keep it operational, we recommend the individual declares the balance and resubmits their KYC details, completing the e-signing ...
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 ...