Being able to exercise financial discipline and understanding how investments work are important life skills. And an early start could hold the key to a secure financial future. Even minors can get a taste for investing through a demat account. Age is no obstacle, for one does not have to be 18 years old to open demat account and start investing.

How to open demat account for minor

While a minor can hold a demat account, it must be opened by their guardian (either a parent or a court-appointed legal guardian). The guardian operates the account on behalf of their young ward.

The account opening process is quite standard, but there are some deviations. For starters, not all depository participants (DPs) provide demat accounts for minors. So, one should check if the facility is available. Next, upon choosing a suitable DP, the following documents must be submitted to them:… READ MORE ...