Designating a Guardian for a Minor's Demat Account

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

The guardian for a minor's Demat account should ideally be the father. However, in his absence, the mother can act as the guardian. In the absence of both parents, a guardian can be appointed by the court.

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    • 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 ...

    • Can a guardian oversee multiple minors' Demat accounts with FYERS?

      Currently, only one minor account can be associated with one guardian account at FYERS. However, you're allowed to be the guardian for the Demat accounts of two or more minors, as long as they are your children.

    • 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 ...

    • 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 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 ...