Short answer

For online account opening, it is mandatory that both the minor and the guardian have their Aadhaar linked to a mobile number. Additionally, the guardian needs to have an existing Arrow account. In cases where the minor’s Aadhaar is not linked to a mobile number, or if the minor does not have an Aadhaar, the account must be opened offline.

Minors cannot buy stocks. Instead, the guardian can either transfer existing securities in their demat account or buy and transfer securities into the minor’s account. Clients can either transfer using CDSL easiest or use iRage’s gift feature. Gifting is an easier process compared to regular transfers. To learn more about minor accounts, see Minor account FAQs.

Table of contents

Online

The table below shows the documents required to open a minor account online:

A digital copy of the minor’s PAN

A digital copy of the guardian’s PAN

Minor’s Aadhaar number to verify OTP

A digital copy of the proof of DOB of the minor. It can be any of the following: Birth certificate. If the certificate is not in English, an English extract (PDF) is also required, along with the birth certificate in one PDF School leaving certificate Passport Mark sheet issued by a higher secondary board

Birth certificate. If the certificate is not in English, an English extract (PDF) is also required, along with the birth certificate in one PDF

School leaving certificate

Passport

Mark sheet issued by a higher secondary board

A digital copy of the minor’s passport-size photograph

A digital copy of the minor’s bank account. It can be any of the following: Cancelled cheque Bank statement or passbook

Cancelled cheque

Bank statement or passbook

A digital copy of the legal guardian letter if the guardian is anyone other than the parent of the minor

A digital copy of the guardian’s signature

To open a minor account online, follow these steps:

Visit kyc.arrow.trade/minor and log in using the guardian’s Arrow account credentials.

Verify the guardian profile details and click on Continue. You can also modify the guardian’s profile details.

Enter the guardian’s mobile number and email ID or a mobile number and email ID that is not associated with any other Arrow account. Verify them using OTP.

Enter the PAN and the date of birth of the minor, and click on Continue.

On the DigiLocker page, enter the minor’s Aadhaar number and click on Next. Then, enter the OTP received and submit.

Enter the bank account details of the minor, select the terms and conditions checkbox and click on Continue.

Proceed to do In-person Verification. Both the minor and guardian must be present during the IPV.

Upload the required documents and click on Continue.

Add nominees (optional).

eSign using the guardian’s Aadhaar.

Once the account opening process is completed, the account will be opened within 48 working hours, and the login credentials will be sent to the registered email ID.

Offline

The guardian’s mobile number and email ID registered with Arrow cannot be used to open a minor account offline. Each minor account requires a unique mobile number and email address that is not shared with any other account.

The guardian should sign all the forms and supporting documents of the minor. The table below shows the documents required to open a minor account offline:

Equity application form (PDF).

KYC application form (PDF) for the guardian.

CKYC form (PDF) for the minor.

CKYC form (PDF) for the guardian.

Refer to the signature guidelines (PDF) and sample copy (PDF).

A copy of the minor’s PAN attested by the guardian.

A self-attested copy of the guardian’s PAN.

A digital copy of the proof of DOB of the minor. It can be any of the following: Birth certificate attested by the guardian. If the certificate is not in English, an English extract (PDF) is required. School leaving certificate. Passport. Mark sheet issued by a higher secondary board.

Birth certificate attested by the guardian. If the certificate is not in English, an English extract (PDF) is required.

School leaving certificate.

Passport.

Mark sheet issued by a higher secondary board.

Passport-size photographs of the minor.

Passport-size photographs of the guardian.

A copy of the minor’s bank account. It can be any of the following: Cancelled cheque Recent month’s bank statement or passbook.

Cancelled cheque

Recent month’s bank statement or passbook.

A copy of the legal guardian letter if the guardian is anyone other than the parent of the minor.

A copy of the minor’s address proof attested by the guardian. It can be any of the following:

A self-attested address proof of the guardian. It can be any of the following:

If the guardian and minor’s KYC is verified, the PAN and address proofs are not required.

In-Person Verification (IPV)

In-Person verification (IPV) is the process of verifying that the person opening the account and the documents submitted are of the same person. As part of the mandatory IPV requirement for all brokers, both the guardian and the minor should be present during the IPV.

To complete the IPV online, visit kyc.arrow.trade/ipv. A 4-digit OTP is generated and shown on the screen. Clients are required to enable the camera and show the OTP while being clearly visible.

iRage does not charge for minor account opening. Once you prepare all documents, email soft copies of the forms to support@arrow.trade. The forms will undergo review for any necessary corrections. Upon completing the review process, courier the documents to:

iRage Customer Support Centre 192A 4th Floor, Kalyani Vista, 3rd Main Road, JP Nagar 4th Phase, Bengaluru, 560076

Your account will be opened within 72 working hours.

Once a minor becomes 18 years of age, you have to convert the minor account to an individual account.

To open an NRI-minor account, see What documents are required to open a NRI-minor account on Arrow

Broker details

iRage Broking Services LLP (SEBI registration INZ000011262), product name Arrow. Registered office: Gift City, Gandhinagar.