Prostocks Minor Trading & Demat Account Opening Process, charges, documents

Intraday shares (MIS) and trading in the F&O segment (equity, commodities, and currencies) are not available on the minors trading account.

Sign up: Enter minor’s name and email ID and mobile number of Guardian to register.

Fill in all the required details of the minor child.

Upload all the documents of the minor as well as the parent or guardian.

Download the PDF file now.

Now, parent should take a printout of all the pages.

Sign at the marked places and attach self-attested copies of all the documents.

Minor’s bank account proof: cancelled cheque, bank statement, etc.

Age proof: Birth certificate or Aadhaar card with full date of birth

All documents of the minor must be signed by the guardian on behalf of the minor. In addition, the parents must provide the following documents;

Self-certified copy of Aadhar card

Self-certified copy of PAN card

Email ID and mobile number

Minor can purchase equity shares, ETFs, mutual funds, and apply for IPOs but they cannot do buy and sell in intraday and F&O segments.

Alternatively, you can also take a print out of the application form, sign it and send it by courier to the Mumbai office. Once the form is submitted, the minor account will be converted to a major account within a day.

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