Guardian’s KYC details will be fetched automatically, tap on continue to verify it.
Enter the guardian's mobile number and email ID and enter OTP to verify them.
PAN verification: Enter minor’s PAN card number and Date of birth, and tap on continue.
Aadhaar details: Now, on the DigiLocker page, provide the minor’s Aadhaar number and enter the OTP sent on the registered mobile number.
Bank Details: Enter minor’s bank account details i.e., bank account number, IFSC code, etc.
Do IPV (In-person verification): For IPV, both the minor and guardian must be present in the video.
Document upload: Upload all the necessary documents required for minor account opening.
A recent copy of the minor's passport-size photograph
Minor’s date of birth i.e., birth certificate, school leaving certificate, passport, etc.
Minor’s bank account proof i.e., cancelled cheque leaf or bank statement
A Legal guardian letter is only required if a guardian is anyone other than the minor’s parent.
Minor children cannot trade like others, as they cannot buy shares, mutual funds, etc.
Guardians have full control over their minor children's accounts. What they have to do is buy shares and transfer them to the minor’s account.
Once they are gifted, kids can track their investment portfolio on Kite and sell shares themselves. They can also apply for IPOs through the UPI payment gateway.
As a guardian, you can also add your minor kid's account under the family accounts on the console and monitor the holdings in your kids account.
Minor account can be opened offline if;
Minor has not linked his/her aadhaar card with the mobile number, or
If a minor does not have an aadhaar card or PAN card, or
Download the required forms (Find below)
Fill in the required information and affix signature
Collect supporting documents and guardian must sign all forms and documents on the behalf of their minor child
Email all the duly filled forms to [email protected]
Once verified, complete IPV process
A 4-digit OTP will be displayed on the screen, show the OTP to the camera and ensure that you must be clearly visible on the screen.
An NRI minor account can only be opened offline.
Guardian KYC application form
There are several trading rules and restrictions for minors such as;
Minors cannot invest in mutual funds and government securities.
Minors cannot trade in intraday and F&O
Minors are also allowed to apply for buybacks and takeovers.
Minors cannot pledge shares or activate segments.
By opening an account for your child, parents or guardians can teach them how to manage money and impart financial literacy.
Frequently Asked Questions
Once the Minor attains 18 years of age, his account will be converted to an Individual account and he can do trading as usual.
What to do when a minor child turns 18 years?+
To do so, following documents are to be submitted to the broker;
A new mobile number and email ID
Individual account opening form
Self-attested copy of PAN card
Self-attested copy of address proof
An income proof is required to trade in the F&O segment
I am an NRI, can I open a minor account for my kid?+
How to transfer or gift shares to the minor account?+
Click on options respective to the holdings that you want to be gifted.
Tap on the “send as a gift” option.
Now, enter the recipient’s name, e-mail, mobile number, and gift message (optional).
Click on Continue and select the securities for gifting.
Enter the quantity or number of shares and click on confirm & send.
The gift transfer fee will be automatically debited from the parent’s trading account balance.
Yes, funds can be added or withdrawn from the minors trading account.
Funds available in the minor trading account will be used to pay applicable charges like DP charges, transaction fee, transfer charges, etc. Minor cannot use these funds to buy stocks.
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