Why do brokers ask for demat for minors in case of BSDA accounts? Ideally PAN is not mandatory for BSDA - but brokers dont seem to care about this exception ?
Has anyone opened a demat account for a minor recently without the use of PAN ?
PAN is mandatory for minor too.
Yes I called NSDL. Aparently while for BSDA bank accounts PAN is not mandatory but for BSDA demat PAN is mandatory. Strange …
It should be mandatory. NSDL is good institution following strict compliance.