Can Minors Open Demat Account With Angel One?
Yes, minors can open a Demat account at Angel One. Opening a minor account is similar to creating a basic demat account. However, keep in mind that a child is not entitled to trade on this account.
How to Open a Minor Demat Account in Angel One?
Below are the steps on how to open a Demat account for minors in Angel One:
Step 1: Download and complete the application form.
Step 2: Prepare a compilation of all relevant paperwork.
Step 3: Send the completed paperwork and documents to the address below.
Angel One Ltd. Osman Plaza, 6-3-352, 2nd Floor,
Road -1, Banjara Hills, Hyderabad -500034.
Documents Required for Minors
Below are the required documents for minors before filling out the application.
- Birth certificate
- Pan card, address proof
- Bank statement
- Evidence of guardianship address.
- Pan card
Important Points to Remember Before the Application
- All signatures on the application must be those of the guardian solely. The guardian must sign the application on behalf of the minor. This involves self-attestation of all papers as well as endorsement of the minor’s image.
- KYC requires photos of both the minor and the guardian.
- The minor’s information must be filled out on the first page of the KRA form. The guardian must sign across the minor’s photo on this page.
- The information of the Guardian must be filled up on the second page of the KRA form.