uTrade AlgosYes, an NRI minor can open a Demat account with Share India Securities, operated by a guardian until they turn 18. The guardian of the minor needs to fill out the required forms, attach supporting documents, and courier them to the following address:
Share India Corporate Office,
A-15, Sector 64, Noida,
Distt. Gautam Buddha Nagar,
Uttar Pradesh-201301.
Application Forms Required
- Demat account opening form (PDF)
- Separate KYC application forms for the minor and the guardian (PDF)
Supporting Documents Required
- Minor’s birth certificate
- Passport
- PAN card
- Guardian’s KYC documents, as stated in the KYC application form
- NRE/NRO bank details
- Notarised overseas address proof
The guardian should sign all forms and documents, as the minor is not authorised to operate the account independently.
Once these forms and documents are ready, please courier them to the corporate office of Share India at:
Share India Corporate Office,
A-15, Sector 64, Noida,
Distt. Gautam Buddha Nagar,
Uttar Pradesh-201301.
Once we receive the courier, our team will verify the documents, which typically takes 3-5 business days. If everything is in order, we will notify you about account activation. In case of any discrepancies, our support team will reach out to help resolve them.
Need Assistance?
If you have any questions or require further support during the account opening process, don’t hesitate to contact Share India’s support team at 18002030303 or support@shareindia.com.