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Can a minor’s demat/trading account be continued when he/she becomes a major?
No, a minor’s demat/trading account cannot be continued as-is once the individual turns 18. It must be converted into an individual account in the name of the now-major individual.
If the account was earlier linked to the guardian’s contact details (email or mobile number), the client must update it with their own contact information and submit the following documents to complete the conversion process:
Document Type | Requirements |
Account Opening Form (PDF) | Pre-filled customer application form(Sample PDF) |
PAN Card | Self-attested copy with signature under “Applicant Signature” |
Identity Proof (any one of the following) |
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Photograph | Passport-size photo affixed and signed across on the equity application |
Bank Account Proof (any one of the following) |
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Income Proof (only if opting for F&O segment) |
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Demat holding statement (value > ₹50,000) |
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