Easy and paperless account opening process.
Free Minor account opening with zero AMC.
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Get valuable insights with a portfolio analyzer report.
Gift-sharing feature to transfer securities from parent to minor’s account.
Go to My account portal and go to the Manage Account option.
You will see an option “Open Minor Account’
Upload the PAN card of your minor child.
Enter other details including name, father’s name, mother’s name, marital status, etc.
Contact Information: Upload Aadhaar card as proof of address.
Bank details: Enter the minor’s bank account details and upload the last 6 months bank statement.
Trading Segment: Equity and mutual fund segments will be selected by default.
Nomination: Minors cannot add a nominee to their account thus, I do not wish to nominate will be selected by default.
Complete In-person verification (IPV) by uploading a latest photo and OTP.
Upload a copy of your (guardian) signature.
Proceed to E-sign using Guardian’s aadhaar card details.
Fyers Minor Account Opening Documents
Keep the following documents ready before opening an account for minors. Here is the list of required documents;
Minor’s address proof: Aadhaar card or passport
Age proof: Minor’s birth certificate or 10th marksheet
Minor’s bank account proof: Latest bank statement or a canceled cheque
Minors cannot buy shares and mutual funds themselves.
Parents have to purchase equity shares and mutual funds and gift or donate or transfer them to the minor child’s account.
Minors can sell shares and mutual funds that they have received as a gift, donation or IPO.
Minors can apply for IPOs. The procedure for investing in IPOs is the same as for other persons.
Minors can participate in corporate actions, such as dividends, buybacks, rights issues, etc.
Minor’s parent or legal guardian cannot do equity intraday, equity F&O, and commodity and currency derivative trading on behalf of a minor child.
Once the minor account is converted, they will be allowed to trade in the Intraday and F&O segments.
Frequently Asked Questions
Is minor account opening free in Fyers?−
Yes, Fyers offer free minor account opening.
Who can open a minor account in Fyers?+
Though the account is opened in the name of the minor, it is managed only by a parent or guardian. Parents can transfer securities i.e. shares and mutual funds from their account to the minor’s account by way of gifting or transfer between family members.
To open an account for minors in Fyers, you as a parent must have an active Fyers account. If not, you must first open an account and only then can you open the minor’s account.
Select the shares that you want to sell.
Authorize the holdings for sell with CDSL TPIN.
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