Can a minor’s demat and trading account continue after they turn 18?
Once a minor reaches 18 years of age, their Demat account must be converted into an individual account. The guardian’s details linked to the minor account need to be replaced with the now-adult’s own contact information and updated KYC documents given below:
Document Type | Requirements |
Account Opening Form (PDF) | Pre-filled customer application form(Sample PDF) |
PAN Card | Self-attested copy with signature under “Applicant Signature” |
Identity Proof (any one of the following) |
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Photograph | Passport-size photo affixed and signed across on the equity application |
Bank Account Proof (any one of the following) |
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Income Proof | Bank statement (last 6 months, avg. balance > ₹10,000) |
Latest salary slip (monthly income > ₹15,000) | |
Latest ITR acknowledgement (income > ₹1,20,000 annually) | |
Form 16 (income > ₹1,20,000 annually) | |
Net worth certificate (net worth > ₹10,00,000) | |
Demat holding statement (value > ₹50,000) |
Additionally, the minor’s trading account cannot be continued — it must be closed, and a new trading account opened in the individual’s name.
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