Minor
Resident individual Minor Non Resident Indian (NRI) Company, Partnership, HUF and LLP Glossary Getting Started Offline Account Opening
Can I open an Arrow account for all my kids at the same time?
A minor demat account on Arrow is opened in the minor’s name with a guardian completing KYC. Trading permissions follow exchange and SEBI rules for…
Can I open an Arrow account if I'm over 18 but have a minor PAN card?
No, you cannot open a Arrow account if you are 18 years or older and still hold a minor PAN card. You must update your minor PAN card to a regular PAN…
How can a minor account be converted to an individual account?
Once a minor turns 18, their account must be converted into an individual account. If the minor has been using a guardian's contact details linked to…
How to buy or sell securities in minor accounts?
Minors cannot directly buy shares and government securities in minor accounts. These securities must be transferred using iRage's gift feature or CDSL…
How to enable Arrow login access for a minor account?
You can enable Arrow login access for a minor account that was opened with Arrow before January 2024 (where only a demat account was opened) by…
How to modify the guardians profile details while opening a minor account?
A minor demat account on Arrow is opened in the minor’s name with a guardian completing KYC. Trading permissions follow exchange and SEBI rules for…
How to open a minor account online and offline on Arrow?
For online account opening, it is mandatory that both the minor and the guardian have their Aadhaar linked to a mobile number. Additionally, the…
How to report capital gains for NRI minors?
Capital gains from securities sold by NRI minors must be reported in the parent's tax return, not the child's. This involves two steps: ensuring proper…
Minor demat account FAQs: open & manage one
See the steps and notes below for Arrow account opening guidance.
What are the Account Maintenance Charges (AMC) for a minor account?
For a minor demat account on Arrow (DP: iRage Broking Services LLP), yearly AMC under the regular scheme for individuals is Nil.
What are the applicable charges for a minor account on Arrow?
There are no account-opening charges for a minor account on Arrow (iRage Broking Services LLP).
What documents are required to change the guardian in a minor account?
You need to submit specific application forms, identity proofs, and supporting documents to change the guardian in a minor account. The required…
What documents are required to open a NRI-minor account on Arrow?
You can open an NRI-minor account on Arrow offline only. You cannot open NRI-minor accounts online, unlike resident-minor accounts. The documents you…
What happens when a NRI-minor account holder completes 18 years of age?
The minor account must be converted to an NRI-Individual account once the minor turns 18 years old.
What is legal guardian letter and why is it needed to open minor account?
You need a Legal Guardian Letter when opening a minor's account if you are not the child's biological parent. This court-issued document proves your…
Who is liable to pay the taxes (if applicable) for a minor account?
The guardian of a minor account is liable to pay any taxes applicable to the minor account. To learn more about minor accounts, visit FAQs for Minor…