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