Account Variants

Why this page is structured this way: The resident-individual journey is the baseline the rest of this site documents screen by screen. Every page in this section is a delta against it. The selector table below is therefore organised around the four places a variant actually diverges — eligibility, documents, permitted segments, and the codes each destination system expects — so you can find your variant, read its row, and go straight to the page that carries the field-level detail.

Start here

The nine screens in Journey describe onboarding for a resident individual opening a trading and demat account. That flow is the reference implementation; a variant changes it in one or more of four ways:

1. Eligibility — who may hold the account at all, and who may operate it.
2. Documents — what must be collected beyond PAN, address and a bank proof, and who signs.
3. Segments — what the account is permitted to trade once open, which is often narrower than what the client expects.
4. Codes — the KRA form set, the CKYC template, the exchange UCC client category, and the depository beneficial-owner account type and sub-status. These are the four destinations that reject a wrongly classified account.

Nothing else changes. Order entry, margining, contract notes, settlement, corporate actions and grievance handling work identically for every variant — see Broker process narrative and the deep dives.

Variant selector

Variant	Eligibility in one line	Documents beyond the individual baseline	Segments typically available	KRA / CKYC template	UCC client category	BO account type / sub-status
Minor	Minor as sole and first holder; a natural or court-appointed guardian operates	Minor’s PAN and DOB evidence, guardian PAN and KYC, guardianship evidence	Cash-segment sale only of securities already acquired; no F&O, currency, commodity, intraday or short selling	Individual form for both minor and guardian; individual CKYC template	Individual category — there is no minor category	Minor account type; individual status with a minor sub-status
NRI	Person resident outside India; OCI; after June 2026, individual non-residents generally	Passport, visa or residence permit, overseas address, NRE or NRO bank proof, PIS letter on the PIS route, FATCA and CRS certification, TRC for a treaty claim	Equity delivery on both routes; derivatives on the non-PIS route; no intraday or short selling	Individual form; individual CKYC template; FATCA and CRS mandatory	NRI category	Individual status with distinct repatriable and non-repatriable NRI sub-statuses — normally two accounts
HUF	Hindu Undivided Family acting through its Karta	HUF PAN, HUF deed or declaration, Karta identity and KYC, coparcener declaration	Cash and derivatives, subject to the broker’s policy for non-individual clients	Non-individual form; legal-entity CKYC template	HUF category	HUF account type; non-individual status
Partnership / LLP	Partnership firm or LLP acting through authorised partners	Deed or LLP agreement, LLPIN or registration certificate, partner KYC, authorised-signatory list, UBO declaration	Cash and derivatives, per the broker’s non-individual policy	Non-individual form; legal-entity CKYC template	Non-individual category [unknown — verify]	Non-individual account type and sub-status [unknown — verify]
Company	Company acting through a board resolution	CIN, MOA and AOA, board resolution, authorised-signatory list, UBO and SBO declarations, LEI above the threshold	Cash and derivatives, per the broker’s non-individual policy	Non-individual form; legal-entity CKYC template	Corporate category	Corporate or body-corporate account type and sub-status
Trust, society, AOP	Trust, society or AOP acting through trustees or office bearers	Registration certificate, trust deed or bye-laws, trustee KYC, resolution, UBO determination for trusts	Cash and derivatives, per the broker’s policy and the entity’s charter	Non-individual form; legal-entity CKYC template	Non-individual category [unknown — verify]	Non-individual account type and sub-status [unknown — verify]
FPI / FVCI	FPI or FVCI registered through a designated depository participant	Common Application Form, registration certificate, category evidence, custodian and DDP documentation, tax documentation	Segments permitted to the FPI category, cleared through a custodian	FPI route rather than the retail KRA path; separate FPI KYC regime	FPI category with its sub-classifications	Foreign-investor account type and sub-status per the depository
Joint accounts	Up to three individual holders on the demat account; the trading account stays in the first holder’s name	Full KYC for every holder, every holder’s signature, mode-of-operation mandate, all-holder consent where a nomination is made	Determined entirely by the first holder’s profile and segment activation	Individual form per holder; individual CKYC template per holder	First holder’s category only	Joint account type; holding pattern for two or three holders
BSDA	A charging status: an individual with one account as sole or first holder, one BSDA across depositories, holdings up to Rs.10 lakh	None beyond the baseline; an email opt-out record where the client declines	No effect on segments	No effect	No effect	BSDA flag and opt-out consent date on the existing account
Bank-led 3-in-1	A settlement model: available where one group holds the bank, the DP and the broker	None beyond the baseline; facility election and linked savings-account mapping	No effect on segments; changes the pay-in path in the cash segment	No effect	No effect	No effect; the DP identity differs
Institutional / custodial	PMS, AIF, mutual-fund and insurance clients clearing through a custodian; also sole proprietors and family mapping	Entity constitution documents, custodian agreement, CP code allotment, give-up and take-up arrangements	Segments per entity type, with custodian confirmation in settlement	Non-individual form; legal-entity CKYC template	Institutional categories	Non-individual account type and sub-status per the depository

Codes shown are as carried in this site’s own code tables — see Reference: code tables, NSE UCC destination and CDSL BO master destination. The exchanges also express client categories numerically in their upload annexures, and the numeric and mnemonic encodings are not interchangeable; the depositories’ numeric sub-status masters are participant-specific. Verify both against the current issuer specification.

Reading the table

Three patterns explain most of the rows.

Two of the eleven are not holder types. BSDA is a charging status applied to an otherwise ordinary account, and a 3-in-1 is a settlement-integration model. They appear here because clients and product teams treat them as account types, and because both have onboarding consequences — a default-on BSDA flag, and a facility election that determines the pay-in path.

Segment availability is a separate decision from account opening. A row says what the account can normally reach, not what it will be permitted on day one. Income proof, risk disclosure and the exchange segment activation flags are their own gates, documented in the product-activation section rather than here.

Non-individual variants share more than they differ. HUF, partnership, LLP, company, trust and society all need four things: the entity’s PAN, its constitutional document, evidence of who is authorised to act for it, and a determination of who ultimately owns or controls it. The pages differ mainly in what counts as evidence for the last two. Appendix: non-individual entities is the earlier short treatment.

How this section relates to the rest of the site

This section is the client-facing counterpart to three existing layers. Journey gives the screen-by-screen baseline these pages are deltas against. The field atlas gives the field-to-destination mapping — Section V for NRI fields, Section W for minor, joint and POA fields — which these pages reference rather than restate. Lifecycle covers what happens after opening: re-KYC, modifications, transmission, closure and NRI conversion.

Where a broker-side deep dive exists, these pages summarise and link rather than repeat. Vendors carries the interface detail for the KRA, CKYC, the exchanges and the depositories; the compliance blueprint carries the obligation rows variant handling creates.

Verified through

2026-09-11

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AI-generated and not legal, financial, or compliance advice. See the project README for full disclaimer.