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Can a minor open a Demat account in Zerodha?

Zerodha (Trade with the best stock broker)

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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.



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