What are all documents required to open Minor Demat?

Minor’s Proof: Birth certificate (Birth Certificate or Marksheet or School leaving certificate or Passport), PAN and Aadhaar details. Guardian’s Proof: PAN and Aadhaar details. Minor’s Bank Details: Account Number & IFSC Code

What are the account opening and Account Maintenance Charges (AMC) for a minor account?

Minor accounts on Groww are available at zero account opening and account maintenance charges.

How to get a PAN card for a minor?

You can apply for a PAN card for a minor through the NSDL website by submitting the required documents on behalf of the minor.

Does the guardian need a Groww account to open a minor account?

No, the guardian does not need an existing Groww account to open a Minor Demat Account.

Who is responsible for paying tax on the income earned in a minor’s Demat account?

Under the "Clubbing of Income" rule (Section 64(1A)), any income or capital gains generated in a minor's account is added to the income of the parent who earns more. You will need to declare this income while filing your own Income Tax Return (ITR).

Is there any tax exemption available for a minor’s income?

Yes, as per Section 10(32) of the Income Tax Act, a parent can claim an exemption of ₹1,500 per year, per child, on the income that is clubbed with theirs. If the child's total income for the year is less than ₹1,500, the entire amount is tax-free.

What happens to a Demat account when the minor turns 18?

Upon turning 18, the account is temporarily frozen for all transactions (debits and credits) until it is converted into a regular individual Demat account by completing the required KYC formalities. The status of the account holder changes from "Minor" to "Major," and the guardian’s authority over the account ceases immediately. However, all securities and holdings remain safe and continue to be held in the account during this period.

Can a Minor Demat Account continue after the account holder turns 18?

Once the account holder turns 18, the account must be converted into a regular individual demat account. They will be able to view their holdings but the individual needs to complete fresh KYC and submit the required documents to start investing further.

What documents are required to reactivate the account after the minor turns 18?

To convert the minor account into a regular individual Demat account, the account holder must submit: PAN and Aadhaar Bank details Selfie for In-Person Verification (IPV) Any other documents required as part of the KYC process

Can the guardian still manage the account after the minor turns 18?

No, once the minor turns 18, the guardian is legally removed from the account. All future trades, investments, and withdrawals must be authorized solely by the account holder.

Is there a deadline to convert the account?

While there is no prescribed statutory deadline, the account remains inoperative until the conversion process is completed. You will be able to access/view portfolio, but will not be able to buy or sell securities or carry out other transactions.

How to Open a Minor Demat Account on Groww?

19 August 2026

5 min read

If you are planning to invest for your child's future, starting early can make a big difference. That is because of the power of compounding. The longer your money stays invested, the greater its potential to grow.

To invest in stocks and other securities, you need a Demat account, which holds your investments in electronic form. Since individuals below 18 years of age cannot open or operate a Demat account on their own, parents or legal guardians can open a Minor Demat Account on their behalf.

This guide explains everything you need to know about opening a Minor Demat Account on Groww, including eligibility, documents required, investment options, account opening steps, and what happens when the minor turns 18.

OPEN MINOR DEMAT ACCOUNT

What is a Minor Demat Account?

A Minor Demat Account is an investment account that is opened in the name of a child below the age of 18 years. Since minors cannot legally operate investment accounts on their own, the account is managed by a parent or a legal guardian until the child becomes an adult. It allows parents or legal guardians to invest in the name of their child.

However, once the minor becomes an adult, the account must be converted into a regular individual Demat account by completing the required KYC formalities.

Why Open a Minor Demat Account?

Starting early gives investments more time to potentially grow through compounding. A Minor Demat Account also helps parents invest systematically towards their child's future goals.

Some key benefits include:

Start investing early for long-term goals like education or wealth creation.
Benefit from the power of compounding over a longer investment horizon.
Build disciplined investing habits from an early age.
Track investments digitally through Groww.
Enjoy zero account opening and annual maintenance charges.

Who Can Open a Minor Demat Account?

A Minor Demat Account can be opened for any individual below 18 years of age. However, since minors cannot legally operate investment accounts on their own, the account must be opened and managed by either:

A natural guardian (parent)
A court-appointed legal guardian

Please note that currently, Groww allows minors only below 16 years of age.

Where Can a Minor Invest in Groww?

A Minor Demat Account is designed to help parents and guardians build long-term wealth for their child. While certain trading activities are restricted, minors can invest in a range of products suitable for long-term investing.

The table below lists the different asset classes where a minor can or cannot invest:

Asset Class	Can Minor Buy?	Can Minor Sell?	Note
Mutual Funds	Yes	Yes	Any fund type allowed (not just "Child" funds).
IPOs	Yes	Yes	Great for building an early portfolio.
Stocks (Secondary Market)	No	Yes	Can only sell what they already own.
Intraday / F&O / MTF	No	No	Strictly prohibited (considered "speculation").

Documents Required to Open Minor Demat Account

One must keep the following documents ready before starting the application process for minor demat account opening:

Required Details for the Minor

PAN and Aadhaar details (will be fetched using DigiLocker)
Date of Birth proof (Birth Certificate, Class X Marksheet, School Leaving Certificate or Passport)
Bank account details in the minor's name (Account Number and IFSC Code)
Minor's selfie

Required Details for the Guardian

PAN and Aadhaar details (will be fetched using DigiLocker)
Guardian's selfie

Ensure that all documents are valid and match the submitted details

Steps to Open a Minor Demat Account on Groww

Click here to start your account setup process. You will be redirected to a Digio web page. Click on “Proceed” to start your application.
Log in with any email ID and mobile number.
Once the authentication is completed, submit your mobile number and email ID. This will be the email ID and mobile linked to the minor account.

Please note: These contact details must not be linked to any existing Demat account on Groww. The email address will be your login ID for the minor demat account

4. Further, you need to share the Minor’s Aadhaar and PAN via DigiLocker. Click on “Proceed”, enter the Minor's Aadhaar number and the OTP received on the linked contact number to share the documents.

5. Upload proof of the minor's date of Birth.

6. Now, to verify the minor's bank details, enter the account number and IFSC of the minor's bank account.

7. Next, take the minor's selfie within the web journey. Please ensure you have provided camera and location access. Furthermore, only the minor is supposed to be in the frame at this stage.
8. Share basic declarations and details of the minor.
9. Now begins the Guardian’s KYC, starting with some details of the Guardian.

10. To share the Guardian’s Aadhaar and PAN, enter the Guardian’s Aadhaar number on DigiLocker and the OTP sent to the linked mobile number.

11. Next, the Guardian has to draw their Signature in the window

12. Next, take Guardian’s Selfie within the web journey. Again, please ensure you have provided camera and location access. Only the guardian is supposed to be in the frame at this stage.
13. Submit the basic declarations.
14. Proceed to eSign. Please note that the Guardian’s Aadhaar details are to be used for the Aadhaar-based signing process.

15. After e-signing, the application will be submitted for review. The Groww team will verify the KYC, and you'll receive updates within 2-3 business days via email once the account is activated.

What Happens When the Minor Turns 18?

When the account holder turns 18, the Minor Demat Account needs to be converted into a regular individual Demat account.

As part of the conversion process:

The guardian's authority over the account comes to an end.
The individual must complete a fresh KYC.

The account is reactivated once the verification process is completed, allowing the individual to continue investing without affecting their existing holdings. To convert your minor to major, please reach Groww customer support.

Important Points to Note

Before opening a Minor Demat Account, keep these points in mind:

Only one guardian can operate the account.
The investments always remain in the minor's name.
Fresh KYC is mandatory after the minor turns 18.
As per Section 64(1A) of the Income Tax Act, income earned in a minor's account is generally clubbed with the income of the parent having the higher taxable income.
Under Section 10(32), eligible parents may claim an exemption of up to ₹1,500 per child per financial year, subject to applicable tax provisions.

A Minor Demat Account can be a good way to start investing for your child's future while giving your investments more time to grow through compounding. If you have the required documents in place, opening a Minor Demat Account on Groww is a simple, fully digital process that can help you take the first step towards your child's long-term financial goals.

OPEN MINOR DEMAT ACCOUNT

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