uTrade AlgosYes, a minor can open a Demat account with Share India, but it must be operated by a guardian until the minor reaches adulthood. The guardian, either the father or the mother, must complete the account opening process. In the absence of both, a court-appointed legal guardian can open and manage the account on the minor’s behalf.
To open a minor’s Demat account, please fill out the required application forms, attach the 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.
If you need any assistance, feel free to contact our support team at 18002030303 or support@shareindia.com.
Application Forms Required
- Demat account opening form (PDF)
- Separate KYC application forms for the minor and the guardian (PDF)
Supporting Documents Required
- Photographs, Proof of Identity (POI), PAN card, and Proof of Address (POA) for both the guardian and the minor
- Birth certificate of the minor
- Bank account details linked to the minor
- Stamp in the name of the minor
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.