How can I open a minor trading and demat account in KSL?

You can open a minor demat offline by visiting the nearest Kotak Securities branch. Do carry the required document mentioned here to open your account instantly. Click here to find your nearest branch.

Please note that the minor can open a Demat account in India, but with certain restrictions:

1. Guardian Requirement: A Demat account for a minor must be opened by a parent or legal guardian on their behalf. The guardian will operate the account until the minor attains 18 years of age.
2. No Trading Allowed: While minors can have a Demat account to hold securities, they are not allowed to trade in the stock market. They can only invest in certain instruments like shares received through gifts, inheritance, or corporate actions (e.g., dividends).
3. Account conversion: Once the minor turns 18, the account must be converted into a regular Demat and trading account, and the now-adult account holder can operate it independently, including trading.

In summary, a minor can have a Demat account, but it is primarily used for holding securities, not for active trading.

You may also read this article on Open Demat Account for a Minor