What happens to a minor's Demat account when the minor becomes major?

What happens to a minor's Demat account when the minor becomes major?

When a minor turns 18, their Demat account does not automatically convert to a regular (individual) account. To continue using the account, the now-major individual must complete a formal account conversion process that includes KYC re-submission and e-signing.

Account conversion process on attaining majority

Once the minor reaches 18 years of age:

  • The account is temporarily frozen for transactions until the conversion is completed.
  • The individual must initiate the minor-to-major conversion by submitting:
    • Fresh KYC documents (PAN, Aadhaar, etc.)
    • Bank proof (in the individual’s own name)
    • Signature specimen
  • The individual must complete the e-signing process to re-authorise the account in their own name.
  • Once verified, the account is activated as an individual FYERS Demat account, with full access to all supported trading segments.
No transactions (buy/sell) are allowed until the minor-to-major KYC process is successfully completed and verified.

What If...

ScenarioOutcome
The individual turns 18 but doesn’t update KYCThe account remains frozen; trading is not allowed
The minor’s bank account is not yet updatedThe account cannot be reactivated until updated bank proof is submitted
KYC documents don’t match original recordsRe-submission will be required, delaying activation

Last updated: 05 Aug 2025

    • Related Articles

    • What are the documents required to open minor Demat account with FYERS?

      Guardians can open a minor Demat account with FYERS through an online process. However, before starting the application, the guardian must already hold an active FYERS Demat account. Documents required for opening a minor Demat account Make sure the ...

    • Who can be appointed as a guardian for a minor's Demat account?

      A minor cannot legally operate a Demat account, so a guardian must be appointed to manage the account until the minor turns 18. The appointment of a guardian follows specific rules set by depositories (NSDL/CDSL) and applicable regulations. Guardian ...

    • Can a minor open a trading and Demat account with FYERS?

      Minors are not allowed to operate trading accounts independently. However, guardians can open a Demat account in the name of a minor and manage it on their behalf. This setup is governed by SEBI regulations and is limited to certain investment ...

    • Can a minor with foreign citizenship open a Demat account with FYERS?

      No, a minor with foreign citizenship cannot open a Demat account with FYERS. As per Indian regulatory requirements, Demat accounts can only be opened in the name of Indian citizens, including minors. Eligibility limitations for foreign minors To open ...

    • Can I open a Demat account for my relative's minor child?

      No, FYERS does not permit opening a minor’s Demat account unless you are the legal guardian—specifically, the child's father, mother, or a court-appointed guardian. Relatives such as uncles, aunts, grandparents, or family friends cannot act as ...