What documents are required to open Minor account as an NRI?

    What documents are required to open a Minor account as an NRI?

To open a Jainam account as an NRI (Non-Resident Indian), including for a minor, the process follows offline mode only and is subject to FEMA and SEBI guidelines. Documents you need to submit below:

Document Type

Requirement

Passport-size Photograph

Guardian and Minor – Mandatory

PAN Card (Self-attested & Notarised)

Guardian and Minor

Passport (valid)

Copy of first & last page for both Guardian and Minor with arrival and departure Stamp.

Visa or OCI/PIO Card

Mandatory if foreign passport is submitted.

Overseas Address Proof

Self-attested + notarised for Guardian & Minor (any one): - Foreign passport - Utility bill (within 2 months)- Bank statement - Rental agreement/sale deed - Nationality/resident card

Indian Address Proof (if available)

For both, minor and guardian (any one): Aadhaar/passport/utility bill etc.

Birth Certificate of Minor

Mandatory

Additional Minor Proofs

School leaving certificate / Marksheet issued by Higher Secondary Board

Guardian’s Bank Proof

Cancelled cheque or latest bank statement of NRE/NRO account

Minor’s Bank Proof

Cancelled cheque or bank statement from NRO account in the minor’s name

PIS Account & Letter (NRE only)

Required if operating under PIS route

Authorization Letter (LOA)

Required for NRE account

FATCA Declaration

With Guardian's TIN number (country-wise format: SSN, SIN, TFN, etc.)

FEMA Declaration

Mandatory for all NRI accounts

IPV (In-Person Verification)

Minor and Guardian must appear together via webcam or physical presence

Attestation requirements for opening an NRI account from outside the territory of India

All documents must be self-attested and notarised by any of the following:

  • Indian Embassy or Consulate General
  • Public notary / Court magistrate / Judge
  • Overseas branch of Indian Scheduled Commercial Bank
    Attestation must include name, designation, signature, date, and stamp/seal with “Verified with Original.”
  • All the documents need to be couriered as per below address:
    Jainam broking limited
    Jainam house
    Kargil chowk
    Surat-395007

RELATED FACTS:

  • Minor accounts must follow the NRI account opening process.
  • Guardian must sign all forms and supporting documents.
  • Guardian’s Tax Identification Number (TIN) is mandatory in the FATCA declaration.
  • The mobile number and email ID for the minor account must be unique and not linked to any other Jainam account.
  • Only offline account opening is allowed for minors.
  • IPV (In-Person Verification) is compulsory — guardian and minor must be present in the same video.
  • Ensure the residential status is updated on the Income Tax Department website, else trading will be restricted after 9th Feb 2024.