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How to Convert a Minor Account into an Individual Account with RMoney?

Post Date : November 10, 2025

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:

Close the Minor Account:
Accounts marked as “Minor” in the CMR must be closed.
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.
Submit Required Documents:
The documents listed below must be submitted to open the new individual account:

Type of Document	Requirements
Application Form	Equity application form (PDF).
Passport-Size Photograph	A passport-size photograph to be affixed on the equity application and signed across.
Segment Addition Form	Segment addition form (PDF) to enable trading in commodities.
PAN Card	Self-attested copy of PAN with signature under Applicant Signature.
Address Proof	Self-attested copy of any one of the following: • Driving Licence • Voter ID • Passport • NREGA Job Card • NPR Letter • Aadhaar Card
Bank Proof	Any of the following in the client’s name:• Personalised cancelled cheque • Self-attested bank statement with bank logo and seal • Bank passbook copy showing account number, MICR, and IFSC code
Income Proof (for F&O trading)	Any one of the following: • Last six months bank statement with an average balance > ₹10,000 • Latest salary slip with gross monthly income > ₹15,000 • ITR acknowledgement with annual income > ₹1,20,000 • Form 16 with annual income > ₹1,20,000 • Certificate of net worth > ₹10,00,000 • Latest demat account statement with holdings > ₹10,000 (unpledged) • Latest Fixed Deposit receipt > ₹1,00,000

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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