FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Zerodha (Trade with the best stock broker)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
No, a separate bank account in the minor's name is not required.
Minor needs to be one of the Bank Account holder either as Sole Holder or jointly with Guardian and or other siblings. Simply add a minor to any of your (Guardian) bank accounts. This is sufficient to open a demat / trading account.
Please do not fall into the trap of bank officers who will try hard to open a separate account in the kid's name.
Anyway, for tax purposes, minor income is added to the parent's income, it doesn't make sense to have a separate bank account.
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FREE Intraday Trading (Eq, F&O)
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