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.
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 …