I am a 17-year-old. Can I open a Demat account in the SBI?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Pinky asked almost 4 years ago

I am a 17-year-old. Can I open a Demat account in the SBI?

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2 Answers
Data?1494421730 rohit awasthi answered almost 4 years ago

You can open a Demat account. A demat account can be opened in the name of a minor with a parent as the guardian. Note that it will not be a joint account and the parent shall not be considered joint owners of the shares held in the account. You cannot open it solely on your own. Though technically you are not allowed to operate it, you can do so through online mode if your parent/guardian allows you to.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered almost 4 years ago

DEMAT ACCOUNT Hi, You are minor and demat accounts can be opened in minor's name but your account will be operated by your guardian untill you become major thanks :-)

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