How to open Minor Demat account - Features, Benefits

Those Millennials who think of family planning want their family, spouse, and children's futures to be secure when they are in their prime ages. As they grow older, both productivity and passion for work witness a decline. So even before they take their first step toward family planning, they anticipate future expenses and try to match their income with expenses or cut out unnecessary expenses. In today’s India, where people prefer to transact through UPI, purchase digital gold, and everything is going digital, the stock market is ripping higher, and people prefer the financial market as a way to grow their savings rather than traditional fixed deposits and gold ornaments. For that purpose, having a demant account is essential. Parents and guardians lay the saving foundation for a child by gifting them stocks or a portfolio of securities. Here is when demand meets supply and investors feel the need to open a demat account with a stock broker. Can a Minor Open a Demat Account? Acco...