How to Open a Minor Demat Account in RMoney?

Opening a minor Demat Account with RMoney is a simple and hassle-free process that allows parents or guardians to manage investments for their children until they turn 18. This guide provides a step-by-step overview, including all the documents required to open a minor account offline.

Documents Required to Open a Minor Account are as follows:-

Application form

• Completed minor account opening form (PDF).

PAN

• Minor’s PAN copy, attested by the guardian.
• Guardian’s PAN copy, self-attested.

Date of Birth (DOB) Proof

• Any one of the following (digital copy acceptable):
• Birth certificate attested by the guardian.
• School leaving certificate.
• Passport.
• Mark sheet issued by a higher secondary board.

Passport-size Photographs

• Recent photographs of the minor.
• Recent photographs of the guardian.

Bank Proof

• Any one of the following for the minor’s bank account:
• Cancelled cheque.
• Latest bank statement.
• Passbook copy.

Legal Guardian Letter

• Required only if the guardian is not a parent.

Address Proof

• Minor’s address proof attested by the guardian (Passport or Aadhaar).
• Guardian’s self-attested address proof (any one: Passport, Aadhaar, Driver’s licence, Voter ID).

Steps to proceed:

Email scanned copies of all completed forms and documents to askus@rmoneyindia.com for initial review.

After approval, courier the signed physical documents and a cheque in favor of Raghunadan Capital Private ltd. to the following address:

RMoney Corporate Office
26/257 B, Near Ashish Palace, SultanGanj, Agra – 282004

Tel: 0562-4266600

Account Processing Time

• The minor account is typically opened within 48 – 72 working hours after all documents are submitted and verified.

Need Help?

Contact us:  Phone: 0562-4266600 / 0562-7188900
Email: askus@rmoneyindia.com