Can a minor open an account? If yes, what documents are required?

Yes, a minor can open a Trading and Demat account with Share India. The account will be operated by a guardian until the minor becomes an adult. The guardian, either the father or the mother, needs to complete the account opening process. In the absence of both parents, a court-appointed legal guardian may open and manage the account on behalf of the minor.

To open a minor’s account, please fill the required application forms (PDF), attach the *supporting documents, and courier them to the following address:

KYC Department

Share India Corporate Office,

A-25, Sector 64, Noida,

Distt. Gautam Buddha Nagar,

Uttar Pradesh-201301.

*Supporting Documents Required

A. List of documents in the name of minor:

1. Copy of Minor’s Pan Card
2. Copy of Minor’s Aadhaar Car with Readable QR Code
3. Notarized Birth Certificate
4. KYC & CKYC Form with Photo
5. Guardian Signature & Stamp in form as well as on above documents
6. Bank Proof- Cancelled cheque or Passbook copy
7. Legal Guardian Letter- required if guardian is not the parent

Note:1. The guardian’s signature and stamp must be provided on all the required  documents.

2. Guardian Should not maintain joint bank account with the minor, a separate individual bank account on minor’s name is required.

B. List of self-attested documents in the name of Guardian(s):

1. Copy of Pan Card
2. Copy of Aadhaar Card with Readable QR Code
3. KYC & CKYC Form with Photo & Signature
4. 7FATCA Declaration

Upon receipt of courier, our team will verify the documents, which typically takes 3-5 working days. If everything is in order, we will notify you about account activation. In case of any discrepancies, our support team will reach out to help resolve them.