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 process.
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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 ...
How to sell holdings through a minor's Demat Account?
You can certainly sell holdings from your minor child's Demat account using the FYERS platforms. To carry out this process through the Electronic Delivery Instruction Slip (EDIS), please follow the steps below: Log in to your minor's FYERS 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 ...
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 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 ...