Glide Invest FAQ: Can I create an account for a minor?

Can I create an account for a minor?

Yes, you can create an account for a Minor with Glide Invest.  However, the setup needs to be done manually through our customer support team.  Once the account is setup, all transactions can be done through the app just like a normal user.  

Step-1: Signup 
For a Minor, create an account on Glide Invest App using a valid email and mobile number.  Make sure you verify the email once sign-up is complete. All official communication, including transaction emails and SMS from the AMCs as well as Glide Invest, will be sent to the registered email and mobile respectively. We suggest you use a suitable email and mobile number which you can monitor for the minor.  The same email or mobile number cannot be used to register yourself or another user at Glide Invest. 

Step-2: Get Investment Ready
This needs to be done offline through our customer support.  Please collect the following in electronic format for your Minor account and mail them to support@glideinvest.com. 

If you are a Parent Guardian registering for the minor, please submit the following:
  1. Guardian’s PAN card (Guardian must be KYC verified)

  2. Minor’s Birth Certificate

  3. Joint account cancelled cheque which mentions name on the cheque

  4. Guardian’s signature (image of signature signed on blank white paper)

  5. FATCA Information

    1. Are you a tax resident of any other country? (yes/no)

    2. Are you Politically Exposed Person? (yes/no)

    3. Are you related to any Politically Exposed Person? (yes/no)


However, if you are a Non-Parent Guardian registering for the minor, please submit the following in addition to the documents above:
  1. Court order / proof of the appointed guardian


On successful submission of the above document, our support team will examine them from our end and revert back to you if we find any discrepancies.  Next, we will create the account opening form and upload it to BSE Star for their approval. 

Step-3: Await Final Approval 
We will onboard your minor account from the backend and notify you once the account is successfully created. It typically takes 3 working days to get approved by the BSE Star team. 

Assigning a Nominee is not permitted for minors
Upon the minor attaining the status of major, the minor in whose name the investment was made, shall be required to provide all the KYC details, updated bank account details including cancelled original cheque leaf of the new account. No further transactions shall be allowed till the status of the minor is changed to major.


    • Related Articles

    • Can I invest with a HUF account?

      Yes, you can create a HUF account with Glide Invest. However, the setup needs to be done manually through our customer support team.  Once the account is setup, then all transactions can be done through the app just like a normal user.  By forming a ...
    • Why am I being made to sign the FATCA declaration?

      The Foreign Account Tax Compliance Act (FATCA) is an American act requiring all financial institutions to report the identities and assets of all American citizens currently not residing in America. This is to ensure that tax evasion does not take ...
    • What does Get Investment Ready on the app refer to?

      Get Investment Ready section on the app refers to five easy steps that every investor must go through before they can start transacting in goals and funds.  We require this information to register you with our technology partner, and also share the ...
    • What is a Systematic Transfer Plan or STP?

      A Systematic Transfer Plan (or STP) allows you to move your investments from one fund to another fund from the same AMC just like a SIP investment, with a set date, amount and number of installments. This method of investing is used very often to ...
    • Can I invest from a bank account that belongs to a family member or a friend?

      No, as per SEBI regulations, you are only allowed to invest through your own bank account.