Open a Free Minor Demat Account Online and Start Investing
Introduction
Investing early is one of the smartest financial decisions a parent can make for their child. A minor Demat account allows you to invest in stocks, mutual funds, and other securities on behalf of a child below 18 years. This not only secures their financial future but also introduces them to the world of investing at an early age.
With Choice, you can open a free minor Demat account online in just a few minutes and start investing effortlessly. This guide will walk you through the benefits, eligibility, documents required, and step-by-step process to open a minor Demat account today!
What is a Minor Demat Account?
A minor Demat account is an account opened in the name of a child under 18 years, operated by their parent or legal guardian. It works like a regular Demat account but with some restrictions to ensure safe investing.
Key Features of a Minor Demat Account:
✔ Guardian Operated – Only a parent or legal guardian can manage the account.
✔ Long-Term Investment – Ideal for saving for education, marriage, or future financial goals.
✔ Limited Trading Access – Trading in derivatives (F&O) is not allowed; only investments in stocks, mutual funds, IPOs, and bonds are permitted.
✔ Automatic Transfer – When the minor turns 18, the account can be converted into a regular Demat account.
Benefits of Opening a Minor Demat Account
✅ Early Investment Growth – Start investing early to take advantage of compounding.
✅ Zero Account Opening Charges – Open the account for free with Choice.
✅ Secure & Paperless Process – 100% online application with e-KYC verification.
✅ No Minimum Investment – Start investing with as little as ₹500 in mutual funds or fractional shares.
✅ Guardian Control – Parents can manage investments on behalf of their children.
Eligibility Criteria for Opening a Minor Demat Account
To open a minor Demat account, you must meet the following criteria:
🔹 Minor’s Age: Below 18 years
🔹 Guardian: Parent or legal guardian (must have a valid PAN card)
🔹 Residency: The minor must be an Indian citizen
Documents Required to Open a Free Minor Demat Account
The following documents are required for both the minor and the guardian:
📄 PAN Card (Guardian’s PAN is mandatory, minor’s PAN is required if available)
📄 Aadhaar Card (For identity & address verification)
📄 Birth Certificate (Proof of minor’s age)
📄 Guardian’s Bank Statement (For linking a bank account)
📄 Signature Specimen of Guardian (For verification)
📄 Photograph of Minor & Guardian
How to Open a Free Minor Demat Account Online?
Opening a minor Demat account with Choice is quick and simple. Follow these steps:
Step 1: Click on the Registration Link
➡ Open Free Minor Demat Account
Step 2: Enter Basic Details
- Fill in the minor’s name, date of birth, and guardian’s details.
- Provide PAN and Aadhaar details of the guardian.
Step 3: Upload Documents
- Submit the scanned copies of the required documents mentioned above.
- Ensure the documents are clear and legible for quick verification.
Step 4: Complete e-KYC Verification
- Authenticate using Aadhaar OTP verification.
- Some platforms may require a quick video verification.
Step 5: Account Activation & Start Investing
- Once verified, the minor Demat account is activated within 24-48 hours.
- Start investing in stocks, mutual funds, bonds, and IPOs.
Frequently Asked Questions (FAQs)
1. Can a minor operate their Demat account?
No, a parent or legal guardian must operate the minor’s Demat account.
2. What happens when the minor turns 18?
The minor must complete a KYC process to convert the account into a regular Demat account.
3. Is trading allowed in a minor Demat account?
Minors can only invest in stocks, mutual funds, IPOs, and bonds. Derivative trading (F&O) is not allowed.
4. Can a minor have multiple Demat accounts?
No, a minor can only have one Demat account under a single guardian.
5. How can I withdraw money from a minor Demat account?
The guardian can sell investments and transfer funds to the linked bank account.
Conclusion – Secure Your Child’s Financial Future Today!
Opening a minor Demat account is a great way to invest in your child’s future and build long-term wealth. With zero account opening charges, a seamless online process, and secure trading with Choice, now is the best time to get started.
Give your child a financial head start—open a free minor Demat account today!
➡ Click Here to Open Your Free Minor Demat Account
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