How to open demat account in minor’s name

Teaching your children about money is not easy. But it is your responsibility as a parent, and an early start could pay off. How do you begin the journey towards raising a child who is financially fit? You could gift your child a demat account. Encourage them to become familiar with the different avenues for investment. Help them acquire the tools to build a secure financial future.

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You may have questions about how to open demat account for children. As per the rules, minors (those aged under 18 years) cannot hold a demat account independently. But that’s where you come in.

How to open demat account for kids

If you wish to open a demat account for a minor child, first look for a depository participant (DP) that provides such accounts. Not all brokers or sub-brokers do. While you are shopping around, give priority to DPs like Kotak Securities …

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Finance CompaniesHONG KONG/SINGAPORE (Reuters) – Prudential Plc ( PRU.L ) has kicked off the sale of its Vietnam consumer finance unit, which could fetch up to $a hundred and fifty million, because the UK firm sharpens deal with its core insurance business within the Southeast Asian nation, folks conversant in the method mentioned.

Under the Law on Supervision of Finance Companies plainly a finance company might not totally be owned by international traders. However, the legislation doesn’t specify the maximum restrict of such international ownership although after considering the case in banks and insurance coverage firms it’s possible that the percentage could not exceed forty nine{32ca7afe7dee7544c8399175d2ef8534bc96e8dfec63ac1022e945a6adaba39c} of the corporate shares. The central bank said it’s now ready to consider an software for a merger or acquisition if the possible merger companion or acquirer commits to sustaining financing to small and medium-sized enterprises (SMEs) as a core enterprise of the finance company. …