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Zerodha Minor Account Explained

Published on Monday, September 6, 2021 by Team

Zerodha Minor Account Explained

Zerodha Account Opening

Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.

Zerodha offers to open only Demat accounts for the minors. You cannot open a trading account for a minor with Zerodha unlike, other brokers like ProStocks. With ProStocks, you can open a trading and Demat account for the minors to invest in shares (Equity Delivery only), IPO, and mutual funds.

A minor cannot buy or sell shares in Zerodha. The guardian/parent can trade through their trading account and then transfer the securities to the Demat account of the minor as a gift. The guardian can also apply in IPOs using Zerodha Minor Demat Account through banks offering 3rd Party IPO applications (SBI, Axis Bank). But these shares cannot be sold from Zerodha Minor account.

As per Zerodha, "Zerodha Minor account is only to hold shares and mutual funds that are gifted, transferred to or acquired through an IPO."

Zerodha also provides an option to gift shares to the minor through Zerodha Console.

Features of Zerodha Minor account:

  • Only Demat account to hold shares received by way of a transfer, gift, or IPO.
  • No trading account to buy or sell shares.
  • Offers online and offline Demat account opening for a minor.
  • Does not allow minor to invest in mutual funds through Coin.
  • Allows off-market transfer to deposit shares/mutual funds in minor's Demat account.

Zerodha Vs ProStocks Minor Account

ProStocks is an online discount broker popular among frequent traders due to its monthly unlimited trading plan, NRI and Minor trading account.




Minor Trading Account



Minor Demat Account



Buy/Sell Equity Shares



UPI IPO Application



ASBA 3rd Party IPO Application



Mutual Fund Investment



Guardian Should have an Account




Not Applicable

Rs 0 (Free)

Minor Demat AMC

Rs 300 per year

Rs 0 (Lifetime Free AMC)

Zerodha Minor Account Opening

You can open an account for a minor with Zerodha either online or offline. It is a 7-step process that gets done using the Kite credentials of the guardian.

Zerodha Minor account opening charges

  • Demat Account Opening: Rs 0
  • Demat AMC for Minor Account: Rs 300 per year

Steps to open Zerodha Minor Account

To open a minor account with Zerodha, the legal guardian should have an account with Zerodha. If you have access to Zerodha Kite, use the below steps to open a Minors Demat Account with Zerodha:

  1. Visit
  2. Click on 'Continue with Kite' and log in using your Kite credentials.
  3. Input the PAN and date of birth of the minor and click on Continue.
  4. Click on Continue to DigiLocker and enter the Aadhar number of the child.
  5. Enter the OTP received on the registered mobile number of the guardian.
  6. Click on Allow to grant Digilocker access to Zerodha.
  7. Enter the names of the parents and the relationship of the guardian with the minor.
  8. Enter the bank details of the minor like IFSC Code, MICR, and account number.
  9. Complete IPV by capturing the photo of the minor and the guardian with the flashed code written on a piece of paper.
  10. Upload the documents.
  11. E-sign the application form based on the guardian's Aadhar.
  12. Enter the Aadhar number of the guardian.
  13. Enter the OTP received on the registered mobile no.
  14. Verify the OTP to complete the account opening process.


  • If the guardian's KYC is not verified, you also need to provide the KYC documents for the guardian along with the documents of the minor.
  • The submitted application gets verified by Zerodha. On successful verification, Zerodha provides the login credentials for the minor through email. This process may take between 2 to 7 days.
  • It is important to note that the account opened for a minor in Zerodha is only the Demat account to hold the shares and mutual funds that are either gifted to them, transferred to them, or acquired through an IPO. It is not a trading account. You cannot sell the shares.

Documents required for Zerodha minor account opening

  • ID proof (PAN card).
  • Address proof (Aadhar card).
  • Bank proof (Cancelled cheque, latest bank statement).
  • Birth certificate (required in case of offline account opening)

Zerodha Minor Account Opening Demo


Zerodha offers to open a Demat account only for minors on special requests by the guardian who already has an account with Zerodha. You can open the account to hold the shares that are received by the minor as a gift or through IPO or from the guardian. You cannot sell shares or trade through the minor's account in Zerodha.

Zerodha Special Offer

Free stock trading and mutual funds

  • Free account opening for people under 25.
  • Brokerage-free share delivery trades and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment + +
  • Trade with the best trading platform in India.

This is a limited time offer. Open an instant Zerodha account online and start trading today.

Frequently Asked Questions

  1. 1. Does Zerodha open an account for a minor?

    Yes, Zerodha opens the accounts for minor but for the restricted purpose of holding the shares.

    Zerodha offers to open only the Demat account for the minor. The guardian can trade through their Trading and Demat account and then transfer the shares to the Demat account of the minor for holding purposes. You can also transfer shares by way of gift to the minor or can apply for an IPO using the Demat account of the minor using the ASBA route.

    Note: Stock broker like offers both trading and Demat account for the minors to invest in shares (Equity Delivery only), IPO, and mutual funds. Using ProStocks Minor Account, you can buy and sell shares, IPO shares and mutual funds in Minors account.



  2. 2. Can a minor open trading account in Zerodha?

    No, Zerodha does not allow to open trading account in the name of a minor.

    You can open only a Demat account for the minor in Zerodha.

    Note: Stock brokers like allows opening a Trading and Demat for a minor for Equity Delivery trading, mutual funds investment, and IPO application.



  3. 3. Can a minor open a Demat account in Zerodha?

    Yes, Zerodha allows opening a Demat account for minors on the special request by the guardian.

    The Zerodha Demat account for minor is for the sole purpose of holding the shares that are either:

    1. Transferred to them.
    2. Gifted to them.
    3. Acquired through an IPO.

    Zerodha doesn't open a minor trading account. This means you cannot buy or sell shares in the market which you hold in a Minor demat account.



  4. 4. Can minors apply for IPO through Zerodha?

    No, a minor cannot apply for an IPO through Zerodha. But if you have a minor demat account in Zerodha, you could apply in IPO using banks that offer 3rd Party IPO application i.e. SBI, Axis Bank.

    Zerodha offers a UPI-based IPO application that cannot be used for applying IPO for Minor or HUF. This is due to a technical limitation where the name in the demat account, IPO application and bank account should be the same when applying in an IPO using UPI as a payment option. The minors do not have UPI as they don't get access to online banking.



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