✅ Yes, you can open a joint Demat account.
A joint Demat account can have a maximum of three holders:
First holder (primary)
Second holder
Third holder
🔹 Key Points:
The first holder’s PAN and KYC are mandatory.
All joint holders must complete KYC and sign the application.
The Trading account, however, is typically held only in the name of the first holder
🔸 Demat Account: ✅ Yes
A minor can open a Demat account, but with the help of a guardian.
🔸 Trading Account: ❌ No
A minor is not allowed to operate a Trading account (as per SEBI rules).
Hence, buying/selling shares or F&O trading in a minor’s name is not allowed.
The Demat account can be used only for receiving gifted shares or IPO allocations (in the guardian’s control).
✅ Steps to Open a Minor Demat Account:
1 – Fill Out a Minor Demat Account Form available in our website.
2 – Submit the following documents:
Minor’s PAN card
Birth certificate of the minor (for age proof)
Guardian’s PAN card and Aadhaar
Guardian’s photograph and signature
Guardian’s bank proof
Address proof of minor or guardian (as applicable)
3 – Guardian completes KYC and signs on behalf of the minor.
4 – In-person verification (IPV) of the guardian is done.
5 – After verification, the Demat account is opened in the minor’s name, operated by the guardian.
⚠️ Important Notes:
Once the minor turns 18, the account can be converted to an individual account by submitting KYC again.
No active trading can be done from a minor’s account until that time
