Angel Broking Minor Demat Account

If you are searching for detailed information about the Angel Broking Minor Demat Account, well, your search has ended. Welcome to the world of all your answers.

A minor demat account can be opened by a natural or court-appointed guardian of the child. Now that we have some information about the broker let’s commence the discussion about opening an Angel Broking Minor Demat Account.

Sometimes, an adult of a family uses the Angel Broking refer and earn program to open accounts for minors so that IPO bidding can be done widely.

Angel One Demat Account Features

With time Angel Broking has upgraded itself both in terms of services and features.

Here are some of the unique benefits and features of the Angel One account:

• Providing free knowledge to investors and traders.
• Offering a comprehensive guide to share market investment.
• Stock recommendation through Angel ARQ.
• High-Frequency trading with Smart API.
• Keeping updated with the market news and other updates.
• Offering smart store for Community Learning.

To reap the benefit of the above features, one needs to open a Demat account with the broker. So let’s proceed further with the opening process of the Angel One minor Demat account to make it easier for you to secure your child’s future at the earliest. 

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How To Open Angel Broking Minor Demat Account?

The process to open Angel Broking minor demat account is straightforward and quick. It is considered to be way more comfortable than the standard demat account opening process.

The steps to follow are as follows:

• As you have selected the suitable stockbroker as Angel Broking, log on to their official website.
• In the top row on the right side of the screen, you will find a tab that reads – Open An Account.
• Click on the tab.
• You will get redirected to the account opening page.
• Here, you have to enter the bare minimum information like Name, Mobile Number, Current City.
• After the details are cross-checked, click on Apply Now button.
• You will receive an OTP (One Time Password) on the registered phone number for verification.
• Enter the OTP and verify your registered mobile number.
• Post the verification; the complete demat account opening form will appear on the screen.
• You ought to fill the complete form with correct information like Father’s Name, PAN Card Number (of the minor child and the guardian), Address, etc.
• Since the account holder is a minor, the guardian signs the form.
• As you fill the form and submit it, you will be asked to upload the respective documents on the broker’s portal in the next section.
• The next step is completing the KYC (Know Your Customer) of the Minor and the Guardian both.
• Once it is done and dusted, you will get a call from an Angel Broking executive, who will verify the details entered by you in the form.
• With the conclusion of the verification process, the demat account credentials will be sent to you in 3 – 4 business days.

As the process is understood, it is advisable to know the minor demat account rules or the SEBI guidelines for demat account for minors. Let’s move ahead to list the documents required for Angel Broking minor demat account. 

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Angel Broking Account Opening Documents

When you open a demat account with any broker, you are supposed to submit a few documents. An exhaustive list of the Documents Required For Minor Demat Account is as follows:

1. Aadhar Card of the minor
2. Aadhar Card of the guardian (natural or appointed)
3. PAN Card of the minor
4. PAN Card of the guardian (natural or appointed)
5. Address Proof
6. Age Proof of the minor (Birth Certificate)
7. Photographs of the minor
8. Photographs of the guardian

Generally, these documents have to be uploaded while you open the account online.

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Angel Broking Minor Demat Account Charges

Opening a demat account, irrespective of the fact that it is standard or minor, comes with a few charges that are to be borne by the account holder. Two charges are mandatorily levied. They are:

1. Angel Broking Account Opening Charges
2. Account Maintenance Charges (AMC)

Generally, these charges are the same for the standard demat account and the minor demat account. You ought to pay nothing to open minor demat account, and the AMC charges are free for the first year.

After the first year ends, the AMC is charged monthly at the rate of ₹20 + GST.

These charges are tabulated below:

 

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Conclusion

Angel Broking is a well-established stockbroker in the country. It is a full-service broker that provides the option to open a minor demat account. A minor demat account is opened for an individual who is less than 18 years old. 

The complete process of opening the account has been listed above to start online trading in angel broking. The guardian (natural or appointed) plays a vital role in the entire procedure. Generally, it takes less than 30 minutes to open a minor demat account.

Further, the documents needed to open Angel Broking minor demat account have been given for you to be prepared beforehand. The charges borne are also tabulated for easier understanding.

We hope your query was resolved.

Happy trading!

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