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Account Opening

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

    • For online account opening, it's mandatory that both the minor and the guardian have their Aadhaar linked to a mobile number. Additionally, the guardian needs to have an existing Zerodha account. In cases where the minor's Aadhaar is not linked to a mobile number, or if the minor does not have an Aadhaar, the account must be opened offline.
    • 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? To learn more about minor accounts, see Minor account FAQs.

Table of contents

Online

The table below shows the documents required to open a minor account online:

Type of document Requirements
PAN
  • A digital copy of the minor’s PAN.
  • A digital copy of the guardian’s PAN.
Minor’s Aadhaar number
  • Minor’s Aadhaar number to verify OTP.
Date Of Birth (DOB) proof
  • A digital copy of the proof of DOB of the minor. It can be any of the following:
    • Birth certificate. If the certificate is not in English, an English extract (PDF) is required.
    • School leaving certificate.
    • Passport.
    • Mark sheet issued by a higher secondary board.
Passport-size photograph
  • A digital copy of the minor’s passport-size photograph.
Bank proof
  • A digital copy of the minor’s bank account. It can be any of the following:
    • Cancelled cheque.
    • Bank statement or passbook.
Legal guardian letter
  • A digital copy of the Legal guardian letter if the guardian is anyone other than the parent of the minor.
Address proof
  • A digital copy of the guardian’s address proof.  It can be any of the following:
Guardian's signature
  • A digital copy of the guardian’s signature.

To open a minor account online, follow these steps:

  1. Visit signup.zerodha.com/minor and log in using the guardian's Zerodha account credentials.
  2. Verify the guardian profile details and click on Continue. If the guardian's profile details have to be modified, see How to modify the guardians profile details while opening a minor account? Once the details are updated, the account can be opened online.
  3. Enter the mobile number and email ID, and verify them using OTP.
  4. Enter the PAN and the date of birth of the minor, and click on Continue.
  5. On the DigiLocker page, enter the minor's Aadhaar number and click on Next. Then, enter the OTP received and submit.
  6. Enter the bank account details of the minor, select the terms and conditions checkbox and click on Continue.
  7. Proceed to do In-person Verification. Both the minor and guardian must be present during the IPV.
  8. Upload the required documents and click on Continue.
  9. Add nominees (optional).
  10. eSign using the guardian's Aadhaar.

Once the account opening process is completed, the account will be opened within 48 working hours, and the login credentials will be sent to the registered email ID.

Offline

The guardian should sign all the forms and supporting documents of the minor. The table below shows the documents required to open a minor account offline:

Type of document Requirements
Application forms
PAN
  • A copy of the minor’s PAN attested by the guardian.
  • A self-attested copy of the guardian’s PAN.
Date Of Birth (DOB) proof
  • A digital copy of the proof of DOB of the minor. It can be any of the following:
    • Birth certificate. If the certificate is not in English, an English extract (PDF) is required.
    • School leaving certificate.
    • Passport.
    • Mark sheet issued by a higher secondary board.
Passport-size photograph
  • Passport-size photographs of the minor.
  • Passport-size photographs of the guardian.
Bank proof
  • A copy of the minor’s bank account. It can be any of the following:
    • Cancelled cheque
    • Recent month's bank statement or passbook.
Legal guardian letter
  • A copy of the Legal guardian letter if the guardian is anyone other than the parent of the minor.
Address proof
  • A copy of the minor’s address proof. It can be any of the following:
  • A copy of the guardian’s address proof.  It can be any of the following:

If the guardian and minor's KYC is verified, the PAN and address proofs are not required. To check the KYC status, see What is Know Your Customer(KYC)? How can I check my KYC status?

In-Person Verification (IPV)

In-Person verification (IPV) is the process of verifying that the person opening the account and the documents submitted are of the same person. As part of the mandatory IPV requirement for all brokers, both the guardian and the minor should be present during the IPV.

To complete the IPV online, visit signup.zerodha.com/ipv. A 4-digit OTP is generated and shown on the screen. Clients are required to enable the camera and show the OTP while being clearly visible. To learn how to enable the camera. See, How can the camera be enabled for an in person verification (IPV)?

There are no account opening charges for minor accounts. Once all documents are prepared, email soft copies of the forms to [email protected]. The forms will undergo review for any necessary corrections. Upon completing the review process, courier the documents to:

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

It can take upto 72 working hours to open the account. Once a minor becomes 18 years of age, the minor account has to be converted to an individual account. See How can a minor account be converted to an individual account? To open an NRI-minor account, see What documents are required to open a NRI-minor account at Zerodha?


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