Account Opening / Minor Accounts
Minor Accounts
Frequently Asked Questions
- 001. What is the account opening and maintenance charges for a minor account?
- 002. How long does it take to open a minor account?
- 003. Can a minor account be opened entirely online?
- 004. Can I open Upmove accounts for all my children simultaneously?
- 005. How can I apply for a PAN card for a minor?
- 006. What happens when the minor turns 18?
- 007. Can funds be added to or withdrawn from the minor account?
- 008. What are the tax implications for a minor account?
- 009. How can minors access Upmove account?
- 010. Who should sign if changes are to be made to the minor account?
- 011. Can DDPI (Demat Debit and Pledge Instruction) be activated in a minor account?
- 012. What are the trading restrictions on a minor account?
- 013. How to open a minor account offline at Upmove?
- 014. Which documents are needed to update or change the guardian on a minor account?
- 015. How to enable Upmove login access for a minor account?
- 016. What is a legal guardian letter, and why is it required for opening a minor account?
- 017. How to buy or sell securities in minor accounts?
- 018. Can someone above 18 years of age open a Upmove account using a PAN card issued when they were a minor?
- 019. What is the process to convert a minor account into an individual account once the minor turns 18?
- 020. What are the charges for opening a minor account at Upmove?
- 021. Who is liable to pay any applicable taxes on income earned through a minor’s account?