
Can RMoney Demat Account Be Opened in the Name of Minor?
By: Akriti Tomar | Date : Nov 17, 22
Demat Account opening facility is offered to minor by RMoney, however, there are some rules that are applicable. The rules are as follows:
- A minor Demat & Trading Account can now be opened. However, a minor cannot open a Demat Account. Instead, a minor’s parents can open and operate the demat of minors until their child becomes an adult.
- A minor cannot use a trading account to buy or sell stocks, and take part in intraday trading or equity purchases.
- A minor cannot be a joint owner in any Demat Account. If they have a Demat Account in their name, it would be a sole ownership, though it will be operated by their guardians.
- One needs to follow all the eKYC procedures even to open a Demat and Trading Account for minor. Both the guardian of the child and the child themselves have to complete all the formalities.
Table of content
Categories
Open Demat Account 
Related Posts
-
What is Investing in for the Long-Term Like?
Different WealthDesk wealthbaskets are designed for different durations. For instance, there are baskets for long-term...
-
How Can I Avoid Auction?
According to the exchange rules, the auction amount is always debited to the auction seller....
-
How Do I Backtest A Strategy? Are All Keywords Available For Backtesting?
Once you create a strategy, you will be shown an option to either “Deploy” or...
-
SLBM FAQs
SLBM FAQs Q: What is SLBM in the stock market? A: SLBM is a system...
Filing Complaints on SCORES (SEBI) – Easy & Quick
- Register on SCORES Portal (SEBI)
- Mandatory details for filing complaints on SCORES:
- Name, PAN, Address, Mobile Number, E-mail ID
- Benefits:
- Effective Communication
- Speedy redressal of the grieva`nces

IT'S TIME TO HAVE SOME FUN!
Your family deserves this time more than we do.
Share happiness with your family today & come back soon. We will be right here.
Investment to ek bahana hai,
humein to khushiyon ko badhana hai.
E-mail
askus@rmoneyindia.com
Customer Care
+91-9568654321




