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 …

Ways to Reliably and Conveniently Transfer Money

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Money is easily one of the best inventions of man, ever. Money is the main force that drives trade development. Before the invention of money, people traded by barter and exchanged one good for another. However, since money became an acceptable means for trade, people started to transfer money from a place to the other. The result was more research on better money transfer solutions. There were new methods of transferring money and new companies that provided services related to money transfer. We now have several mediums for transferring money to various locations. Some of the ways money can be transferred reliably and conveniently are discussed subsequently.

Internet Money Transfer

With the aid of the Internet, services related to money transfer are now free of hassle and very convenient. It is possible to transfer money to a recipient, irrespective of their location with money transfer services such as XE Money …