When a minor account holder reaches adulthood, the existing account needs to be updated to reflect their status as an individual investor. If the account is listed as “Minor” in the Client Master Report (CMR), it cannot simply continue; the minor account must be closed, and a new individual account must be opened.

Steps to Convert a Minor Account

Once the minor turns 18, the following steps should be completed to convert the account:

1. Close the Minor Account:
   Accounts marked as “Minor” in the CMR must be closed.
2. Open a New Individual Account:
   The former minor must provide a unique mobile number and email ID. Guardian contact details previously linked to the minor’s account cannot be used.
3. Submit Required Documents:
   The documents listed below must be submitted to open the new individual account:

Once all documents are submitted and verified, the minor account can be successfully converted into an individual account, allowing the investor to trade independently.

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

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