Is a minor eligible to open a trading account?

Yes, a Demat account can only be opened in the name a minor child's natural guardian (parents or court-appointed guardians). The minor child's guardian will manage the account until he or she becomes major. In this case, the Guardian must be either the father or his mother. The court can appoint a guardian if the father or mother are not available. To open an account for the minor, the guardian must meet all KYC norms and documents requirements. A demat account cannot be opened by a minor as a joint holder.

Only the minor can have the demat account. The minor's birth date must be provided along with supporting documentation. When the minor becomes major, the account is ineligible. After completing all documentation, a new demat account must be opened upon attaining major status.