We have always wanted to help parents save in a simple and easy way for their kid’s future.
You can now open a Zerodha account for your kids online and invest in stocks, mutual funds, and bonds with them.
We’ve explained more about minor account in our latest Z-connect post:
You can check out the detailed walkthrough of online account opening process below 
Thank You for the future ,
If I am using the gift option , what will be the charges per transfer ?
Here are the charges.
Please check the changes for gifting as mentioned below along with the article briefing.
The standard off-market transfer fee of ₹25, or 0.03% per stock, whichever is higher + 18% GST, is applicable. There are no additional charges for gifting securities.
Hi, Assume i wanted to open Minor account for my Sister/Brother Son using my Kite I’d as legal guardian possible?
Hi @Prabhumr
Yes, it is possible.
A legal guardian letter is required if the guardian is anyone other than the minor’s parent.
Given our taxation laws around adding the income to the parent’s income, I’ve always felt like having a separate account for kids (bank, stock trading, etc.) is more paperwork than its worth, especially at tax time.
I feel that giving kids some pocket money and letting them decide how to spend it and keep a ledger in a spreadsheet offered better financial literacy. My son “invests” his savings by giving it to his grandparents to put in an FD since they get better FD rates. Next step will be to “invest” into stocks for better gains, but probably in my account.
It’d be interesting to see how many Kids accounts actually end up being opened, if Zerodha wants to share that information.
Hi @nithin - Can’t minor accounts buy directly Mutual funds and they should be gifted too in Zerodha? Is it regulatory hurdle? or a feature in pipeline?
Minors can now purchase Mutual Funds directly through Coin.
Bank accounts for kids is a must. They have to learn to use it from early on.
They love using financial instruments like cheques and cards, updating passbook etc.
I think cheques, passbooks are going to become a relic till they grow up. The real thing they need to be taught is how to grow their money.
I remember we used to do coin collection and stamp collection when we were kids and we actually did manage to grow the number of stamps and coins by exchanging them and using beg-borrow-steal. They need to do that exact thing with money, in order to learn how it works.
Kids’ Zerodha account serves no purpose as the main thing needed is not possible therein, as yet.
Good joke 
Zerodha lets your child see their money grow in real-time. It’s far more engaging than dusty stamps in a binder. They can track performance, understand dividends, and witness the power of compounding. coin collecting teaches accumulation. Zerodha minor accounts teach how to make those coins grow and work for them. It’s a crucial shift in perspective for financial literacy.
Gifting mutual funds and not doing anything won’t teach much. Even FD can work for that.
They should be able to actually invest, rotate capital, learn how different instruments behave.
Basically they should be doing everything new investors do in the market.
And w.r.t. coin collection, no one who hasn’t done them will understand how that works.
I have opened bank account on minor name and created account in Zerodha but probelm is bank account is not supporting e-mandate for SIP… which bank will support e-mandate for SIP…Any help would be appreciated?
Is it because of a minor bank account?
All major banks support. HDFC, SBI, ICICI, axis etc
Yes, it is because of minor account.
Do these banks support internet banking (Minor), and can we use them to purchase mutual fund SIPs?