What documents are required to open a NRI-minor account at Zerodha?
An NRI-minor account can only be opened offline, unlike resident-minor accounts that can be opened online. The documents required to open an NRI-minor account vary based on the minor's and the guardian's KYC. To learn how to check the KYC status, see
What is Know Your Customer (KYC), and how can the KYC status be checked?
If the KYC is not registered, the following documents are required:
Application form
FATCA Declaration
Foreign Account Tax Compliance Act (FATCA) declaration
(PDF).
Tax Identification Number (TIN) must be filled in the FATCA declaration. The common TINs are as follows:
TINs for other countries can be found by visiting
oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/tax-identification-numbers/.
P.O. Box Declaration
Declaration of P.O. box of your country of residence
(PDF).
FEMA Declaration
Foreign Exchange Management Act (FEMA) declaration form
(PDF).
Supporting Documents
The documents need to be notarised by the Indian embassy or any other competent authority, such as authorised officials of overseas branches of scheduled commercial banks registered in India
(WEB)
, public notaries, court magistrates, judges, or the Indian embassy
(WEB)
or consulate general in the country that they reside in the country where the NRI resides. The attesting authority should affix a
verified with original
stamp, name, designation, authority or employee code, signature and date on the said documents.
To learn if KYC is verified, see,
What is Know Your Customer (KYC), and how can the KYC status be checked?
Or
create a ticket
by mentioning the PAN and date of birth.
In-person Verification (IPV)
As part of the mandatory In-Person Verification (IPV) requirement for all brokers, a webcam or physical verification is required. The guardian and the minor should be present in the same video while performing the IPV. See
What is In-Person Verification (IPV), and why is it required?
If the minor and guardian’s KYC is registered under NRI KYC status, the KYC form, PAN and address proof copies need not be submitted.
Need help?
Call on 080 4680 5727 or
create a ticket.
Once all the documents are ready, e-mail the soft copy of all the forms to [email protected]. The forms will be reviewed in case any corrections are required. After the forms are reviewed, courier the documents to:
Zerodha,
It can take up to 72 working hours to open the account. Once a minor attains maturity (18 years of age), the minor account has to be converted to an NRI-individual account.See
What happens when a NRI-minor account holder completes 18 years of age?
Did you know?
NRI clients living in blacklisted countries as per the FATF list, cannot open an account with Zerodha. NRI clients living in greylisted countries can open an account only after Zerodha's compliance team's approval. To learn more about the FATF list, visit
fatf-gafi.org/en/countries/black-and-grey-lists.html
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078
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