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Yes, both demat and the trading account can be opened in the name of a minor child. The account is operated by a Guardian till the minor becomes major, Guardian has to be the father or in his absence mother. In absence of both, father or mother, the Guardian can be appointed by the court.
The Guardian is legally entitled to open, operate and even close the bank account, demat account and trading account on the minor's name.
Note that two KYC Application Forms must be filled i.e. one for the Guardian and another for the minor (to be signed by Guardian).
Things to know about Minor Demat & Trading Account:
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