If a teenager wants to make a demat account, they can have there parents make an account for them with the steps as given below, then the teenager can simply take over that account with permisson.

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Step 1: Choose a Depository Participant (DP)

 

Pick a financial service provider (like Zerodha, Upstox, ICICI Direct, etc.) that offers Demat accounts. You can do this online or visit their office.

 

Step 2: Fill Out the Application Form

 

Visit the DP’s website and fill out the Demat account application with basic details like your name, address, and bank account information.

 

Step 3: Submit Required Documents

 

You’ll need to upload or submit the following documents:

 

• PAN Card (mandatory)

• Proof of Address (Aadhar, passport, utility bill, etc.)

• Bank Details (Cancelled cheque or bank statement)

• Passport-size photo

 

Step 4: Complete In-Person Verification (IPV)

 

You’ll need to verify your identity, either by:

 

• Online video verification through your webcam, or

• Visiting a DP office for in-person verification.

 

Step 5: E-Sign the Application

 

Use your Aadhar-based OTP to digitally sign the form. You’ll receive an OTP on your phone to complete this process.

 

Step 6: Link Your Bank Account

 

Link your bank account to your Demat account for transferring funds when you buy or sell shares.

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Step 7: Choose Account Type

 

Pick between:

 

• Basic Services Demat Account (BSDA) for low investments, or

• Regular Demat Account for higher investments.

 

Step 8: Pay Charges

 

Check if there are any account opening or annual maintenance fees (many DPs offer free or low-cost options).

 

Step 9: Receive Your Demat Account Number

 

Once approved, you’ll receive your Demat account number (BO ID) and login details by email or SMS.

 

Log in to your account, deposit funds, and start buying or selling stocks!