How to open a minor account offline at Zerodha?
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How to open a minor account offline at Zerodha?

  • If the minor’s Aadhaar is not linked to a mobile number or if the minor does not have an Aadhaar, the account can only be opened offline. If the mobile number is linked, the minor account can be opened online. To learn more, How to open a minor account online at Zerodha?
  • Minors cannot buy stocks. Instead, the guardian can either transfer existing securities in their demat account or buy and transfer securities into the minor’s account. Clients can either transfer using CDSL easiest or use Zerodha’s gift feature. Gifting is an easier process compared to regular transfers. To learn more about gifting, see How to gift securities?
  • The guardian should sign all the forms and supporting documents of the minor.
  • For a video walkthrough on minor accounts, see Open a Zerodha account for your kids and invest in their future.

There are no account opening charges for a minor. The documents required to open a minor account offline are:

Application form

Supporting Documents

  • Passport-size photographs of the minor and guardian must be affixed to their respective KYC applications.
  • PAN:
    • Minor’s PAN copy signed by the guardian.
    • Self-attested copy of the PAN of the guardian.
  • Address proof:
    • Any of the following for the minor: Aadhaar or passport, signed by the guardian.
    • Any of the following for the guardian: Aadhaar, driving license, passport or voter ID, signed by the guardian.
  • A cancelled cheque, bank passbook or recent month's bank statement of the minor's bank account.
  • Any of the following additional documents of the minor: Birth certificate copy, school leaving certificate, passport or mark sheet issued by the higher secondary board.
  • Legal guardian letter. Required if the guardian is anyone other than the parent of the minor.

PAN and address proofs would not be required if the minor is KYC verified. To check the KYC status, see What is Know Your Customer(KYC)? How can I check my KYC status?

In-person Verification (IPV)

As part of the mandatory In-Person Verification (IPV) requirement for all brokers, a webcam or physical verification is required. Both the guardian and the minor should be present during the IPV. See What is In-Person Verification (IPV), and why is it required?

Once all the documents are ready, e-mail the soft copy of all the forms to forms@zerodha.com. The forms will be reviewed in case any corrections are required. After the forms are reviewed, courier the documents to the following address:

Zerodha,
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078

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