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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) 

  • Masked Aadhaar 

  • Voter ID 

  • Passport 

  • Driving Licence 

Photograph 

Passport-size photo affixed and signed across on the equity application 

Bank Account Proof (any one of the following) 

  • Personalised cancelled cheque (name printed) 

  • Self-attested bank statement (with bank logo/seal) 

  • Bank passbook copy (with account no., MICR & IFSC) 

Income Proof (only if opting for F&O segment) 

  • Bank statement (last 6 months, avg. balance > ₹10,000) 

  • Latest salary slip (monthly income > ₹15,000) 

  • Latest ITR acknowledgement (income > ₹1,20,000 annually) 

  • Form 16 (income > ₹1,20,000 annually) 

  • Net worth certificate (net worth > ₹10,00,000) 

Demat holding statement (value > ₹50,000) 

 

 

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