Do the natural guardian and the minor need to comply with KYC norms?

Yes, both the natural guardian and the minor are required to strictly comply with applicable KYC norms at the time of opening a demat or trading account. The guardian must submit valid identity, address, and PAN proof, while the minor’s documents such as PAN card, birth certificate, and photograph are also required. This ensures proper identification and regulatory compliance. The guardian acts on behalf of the minor until they attain majority, after which the account must be updated with the minor’s KYC.