What is the minimum age to open a demat account?

In fact, there is no minimum age to invest in the Indian stock market. Hence, both adults and minors can have Demat accounts that enable stock market trading. If you are under 18, your Demat account can be opened by your parents/ appointed guardian in your name once all your important documents are submitted.

Can a student open a demat account?

Yes, a student may open a demat account. Students above 18 years of age, may open both demat and trading accounts. However, like all stock market traders, they need to have a valid PAN card to be eligible for trading.

How can I open a demat account without proof of income?

You can submit your Passport, Aadhar Card, Voter ID< Driver’s License, etc. as your address proof. To link your Demat account and your trading account, bank proof is required. Besides, if you purchase shares in a company that provides dividend interest, the amount will be credited to your bank account.

Can a 17 year old open a demat account?

Demat accounts can be opened in the name of a minor child only by the natural guardian or parents or the court-appointed guardians. The demat account of the minor can only be operated by the guardian, till the minor becomes major. To own shares of a company, one must have a demat account.

Can a 17 year old open demat account?

Can you invest in stock under 18?

Investors under age 18 are not allowed to own stocks, mutual funds, and other financial assets outright. If you are a minor, you can make investments only under the supervision of your parent (or an adult) through a custodial account.

What is the procedure to open a Demat account?

And to open a demat account you should have PAN Card. Pan Card is a document which is required to complete your KYC, if you have incomplete information (KYC) then your Demat account or Mutual Fund can be blocked.

Can an NRI open a Demat account in India?

If are an NRI you can acquire a demat account by having the following requirements: To be an investor in the stock market in India, having a PAN card and Aadhar card along with a DEMAT account is a mandatory requirement. Without that one cannot get registered to start trading with the NSE.

What is the age limit for minor PAN card?

Minor is a person who is below the age of 18 years. Many people think that their children can get a PAN (Permanent Account Number) Card only when they become adults, that is after they reach the age of 18 years. However, that is not true. Although children can’t apply for a PAN card, their parents can.

What are the documents required to open Zerodha Demat account?

PAN Card, Address proof, cancelled cheque, photos, and income proof (for F&O) are the required documents for opening demat account. You can open your Trading / Demat account with Zerodha online with Aadhar Card or you can also request a call back if you need more information.