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Account Opening

Minor account FAQs

  1. What are the account opening and Account Maintenance Charges (AMC) for a minor account?
    There are no account opening and Account Maintenance Charges (AMC) for a minor account.
  2. How long does it take to open a minor account?
    The minor account is opened within 48 hours of verifying the documents.
  3. Can the minor account be opened completely online?
    Yes, the minor account can be opened completely online.
  4. Can I open a Zerodha account for all my kids at the same time?
    Yes, multiple minor Zerodha accounts can be opened. To learn how, see Can I open a Zerodha account for all my kids at the same time?
  5. What are the documents required to open a minor account online?
    To learn the documents required to open a minor account online, see How to open a minor account online at Zerodha?
  6. How to get a PAN card for a minor?
    To apply for a PAN card, visit onlineservices.nsdl.com/paam/endUserRegisterContact.html.
  7. What happens when a minor turns major (18 years old)?
    When a minor turns major (18 years old), a fresh KYC is to be carried out, and the minor account must be converted to an individual account. To learn how to convert a minor account to an individual account, see How can a minor account be converted to an individual account?
  8. Can funds be added and withdrawn from the minor account?
    Yes, funds can be added and withdrawn from the minor account. However, these funds cannot be used to buy securities. It can only be used to pay the applicable charges like transaction charges, transfer fees, DP charges etc. To learn about all the charges that are applicable, visit zerodha.com/charges#tab-equities.
  9. Can a minor account be opened online if they are an NRI?
    No, the minor account must be opened offline if they are an NRI. To learn how to open a minor NRI account, see What documents are required to open a NRI-minor account at Zerodha?
  10. Should the guardian have an account with Zerodha?
    The guardian must have an account with Zerodha to open a minor account online. If the guardian does not have one, they can open an account online. To learn how, see How to open a Zerodha account online? If the guardian prefers not to open a Zerodha account, the minor account must be opened offline. see How to open a minor account offline at Zerodha?
  11. What are the tax implications for a minor account?
    A minor can earn only two kinds of income i.e. capital gains and dividend income. This income is clubbed with the income of the higher-earning parent, and they will have to bear the entire tax liability on the same. To learn more, visit qna.tax/t/what-are-the-tax-implications-on-minor-s-demat-account/5772.
  12. How to get Kite and Console access for a minor account opened before January 2024?
    A minor account opened before January 2024 can obtain Kite and Console access by sending the trading application form, signed by the guardian, along with a passport-size photo of the minor attached to the KYC page, to Zerodha via courier. To learn more, see How to enable Kite login access for a minor account?
  13. Can a minor invest in mutual funds through Coin?
    Yes, minors can invest in mutual funds through Coin. To learn more about investing in mutual funds through a minor account, see Mutual funds for minor accounts - FAQs.
  14. Who must sign/eSign the form if any details need to be changed in the minor's account after it is opened?
    All the forms and supporting documents must be signed by the guardian who has opened the minor's account.
  15. Can Demat Debit and Pledge Instruction (DDPI) be enabled in a minor account?
    Yes, Demat Debit and Pledge Instruction (DDPI) can be enabled. If it is enabled online, the Aadhaar number of the guardian who opened the account must be entered. If it is enabled offline, the guardian who opened the account must sign the forms. To learn how to enable DDPI, see What is Demat Debit and Pledge Instruction (DDPI), and how to activate it online and offline?
  16. What are the trading restrictions in a minor account?
    The trading restrictions are:
    • Minors cannot buy shares and government securities. They must be transferred to the minor's account.
    • Minors cannot place any intraday and F&O orders.
    • Minors cannot participate in OFS.
    • Minors can sell holdings from their demat account.
    • Minors can apply for IPOs, buybacks and takeovers.

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