How can I open a Geojit trading and demat account for a minor?

A demat account can be opened in the name of a minor. The account will be operated by a guardian till the minor becomes a major. The guardian has to be the father or, in his absence, the mother. In the absence of both a father and a mother, the guardian can be appointed by the court.

Trading account can be opened in the name of the minor only for the sole purpose of the sale of securities (selling-only account) that the minor has possessed by way of investment in IPO, inheritance, corporate action, or off-market transfers under the following reason:

i. Gift/Donation

ii. Transfer between family members

iii. Implementation of Government/Regulatory Directions or Orders.

To open a trading and demat account for a minor, the following documents must be submitted at a branch. Use our branch locator to find a Geojit office near you for further assistance.

Minor Documents:

Sl No.
Documents
Requirements
1.
Passport size photo (1)

2.
PAN
* Attested by guardian
* Ensure that the photo and signature are clearly visible
3.
Address Proof
* Attested by guardian

* Accepted proofs:
i. Aadhaar—front and back
ii. Passport—photo page and address page
4.
Bank Account Proof
* Attested by guardian

* Accepted proofs:
i. Passbook—front page
ii. Bank account statement- of the past 6 months
iii. Cancelled Cheque—with details of client name, IFSC and MICR
5. Proof of Age* Attested by guardian
* Accepted proofs: i. Passport—photo page 
 ii. Birth certificate 

6.Signature in Minor Documents
For Minor Name 

(Signature of the Guardian)

Guardian

Sl No.	Documents	Requirements
1.	Passport size photo (1)
2.	PAN	* Attested by guardian * Ensure that the photo and signature are clearly visible
3.	Address Proof	* Attested by guardian * Accepted proofs: i. Aadhaar—front and back ii. Passport—photo page and address page
4.	Bank Account Proof	* Attested by guardian * Accepted proofs: i. Passbook—front page ii. Bank account statement- of the past 6 months iii. Cancelled Cheque—with details of client name, IFSC and MICR
5.	Proof of Age	* Attested by guardian * Accepted proofs: i. Passport—photo page ii. Birth certificate
6.	Signature in Minor Documents	For Minor Name (Signature of the Guardian) Guardian

Guardian Documents:

Sl No.
Documents
Requirements
1.
Passport size photo (1)

2.
PAN
* Self-attested
* Ensure that the photo and signature are clearly visible
3.
Address Proof
* Self-attested

* Accepted proofs:
i. Aadhaar—front and back
ii. Passport—photo page and address page

Sl No.	Documents	Requirements
1.	Passport size photo (1)
2.	PAN	* Self-attested * Ensure that the photo and signature are clearly visible
3.	Address Proof	* Self-attested * Accepted proofs: i. Aadhaar—front and back ii. Passport—photo page and address page

Minors cannot trade in the F&O and commodity segment.

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