But before reading about the various aspects of the minor account, you must learn about the broker in brief.
Zerodha is a discount broker that was established in 2010. It is the organization that introduced the concept of discount broking in the country. It is a SEBI registered broker and facilitates trading in various trading segments like:
You can open a minor demat account when the account holder is not 18 years old yet. In this case, the account is opened by a natural or court-appointed guardian. Before opening an account, it is advisable to get familiar with Minor Demat Account Rules to avoid any kind of uncertainty.
With the information about the broker laid out, let’s move ahead to the section for learning the answer to – How to open minor demat account in Zerodha.
When you plan to open an account with a broker, you look at the various charges levied. There are two significant charges you look at in the case of opening demat account for minors.
Account Opening Charges
Account Maintenance Charges (AMC)
Are you thinking why not brokerage or margin?
That’s because this account is not eligible to trade until the minor account holder becomes an adult and takes over the account.
So, we will discuss the two charges levied in a minor demat account without any further ado.
The account opening charges are ₹200 for the online and ₹300 for the offline process. The account maintenance charges are charged upfront. They are ₹300 paid annually.
Opening a minor demat account in Zerodha is a simple task with the option to commence the process online and offline.
With the title of the largest active client base to its name, Zerodha has become the choice for many traders and investors. Although minors are not allowed to trade but here they can get the chance to earn money and other benefits with Zerodha refer and earn.
Under this program, you become eligible to earn a commission on brokerage of the referral every month.
There are lot of other benefit of opening an account with Zerodha, to get more information fill in your details in the form below.