What happens when a NRI-minor account holder completes 18 years of age?
Once a minor turns 18, the minor account must be converted to an NRI-Individual account. To know the documents required to do this, see What are the documents required to open a Zerodha account as an NRI? Once the documents are verified, the guardian’s details are removed, and the new minor account is opened within 48 working hours.
Did you know? If the word Minor is prefixed to the account holder’s name in the Client Master Report (CMR), the minor account should be closed, and a new account must be opened. See, How to close a Zerodha account?
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