hi
i want to open demat account for my minor childrens , i have their pan card and bank account but no mobile number .
now can i open their demat account in upstox with my same mobile number which i use to login in upstox ?
Hey @bp_mittal , we are here for assistance. The minor account opening facility is currently not available. Any individual aged 18 or above with valid documents (PAN and Aadhar) can open an account with us. If there are any updates on this, we’ll notify you regarding the same in our announcement section at uptx.to/ann. Feel free to reach out to us here, in case of any other queries.
Is it available now?
Yes, we allow the opening of demat accounts for minors, but they cannot do it directly. A parent or legal guardian would need to open the demat account in the minor’s name and it would have to be linked to the guardian’s trading account. This allows the guardian to manage the minor’s investments.
Let us know if you require more help regarding this, thanks.
Please let me know the process. Is separate mobile number required for their account? Or mine is enough to open the account?
No, a separate mobile number is not required. The UCC and login credentials will remain the same as the legal guardian’s account. To proceed, please email support@upstox.com and they’ll share the list of required documents and guide you through the next steps.
Could you also share your UCC with me? Will inform the relevant team to take it forward. Thanks.