How to open DEMAT Account in Nepal?

Demat Account is used to hold shares and securities in electronic format. It stands for the dematerialised account. The main goal of opening this is to keep shares that have been purchased or dematerialised (converted from physical to electronic shares). The dematerialisation of shares eliminates the risk associated with physical certificates and eases users for online transactions.

Opening the DEMAT account is mandatory for all types of shares transaction in Nepal. Here is a complete article about opening a DEMAT Account in Nepal and a list of DEMATE Form Link of different banks of Nepal.

open DEMAT Account in Nepal

Benefits of Opening DEMAT Account

1)   It gives fast & easy access to your investments and statements through online               banking.

2)   Eliminates risks associated with the physical certificate such as thefts, losses, or            damages.

3)   It is time-saving as securities are stored in a dematerialized form.

4)   Reduces costs, such as stamp duty, handling charges, and other such expenses.

5)   Easily accessible through the Internet using a computer, smartphone, etc.

6)   Easy Share transfers and highly secure & speedy.

7)   Immediate transfer of securities, settlement cycle, and distribution of shares                allotted in IPO.

8)   Easy in portfolio management and pledge of securities.

How to open a DEMAT Account in Nepal?

The process of opening a Demat account is very simple and easy. It is similar to opening a bank account. You can open this through Depository merchant banks, broker companies and Participants (DP) offering DEMAT services to its clients.

There are many banks in Nepal where you can open a DEMAT account. Some namely Everest Bank Ltd., NABIL Investment Bank Ltd., Global IME Bank, NIBL Capital Markets Ltd., etc. It costs about Rs. 150 for opening an account and Rs. 100 for its renewal every year.

Follow these steps to open a DEMAT account:

1)   Choose a particular bank that provides this service and visit the online portal.

2)   Get the form Online or through the bank directly and fill-up it dually.

3)   Attach Nepali Citizenship and Photograph with it.

4)   After verification from CDSC, you will receive a 16 digit DEMAT account number from your                respective banks.

DEMAT Account Registration Bank Details Below.

S.N.	Name of Bank	DEMATE Form Link
1.	BANK OF KATHMANDU LIMITED	Click Here
2.	CITIZENS BANK INTERNATIONAL LIMITED	Click Here
3.	CIVIL BANK LIMITED	Click Here
4.	EVEREST BANK LTD.	Click Here
5.	GLOBAL IME BANK LIMITED	Click Here
6.	HIMALAYAN BANK LTD.	Click Here
7.	KUMARI BANK LTD.	Click Here
8.	LAXMI BANK LIMITED	Click Here
9.	MACHHAPUCHCHHRE BANK LIMITED	Click Here
10.	NABIL BANK LIMITED	Click Here
11.	NEPAL CREDIT AND COMMERCE BANK LTD.	Click Here
12.	NEPAL BANGLADESH BANK LIMITED	Click Here
13.	NEPAL BANK LIMITED	Click Here
14.	NIC ASIA BANK LIMITED	Click Here
15.	NIBL CAPITAL BANK LTD	Click Here
16.	NMB BANK LTD	Click Here
17.	PRABHU BANK LTD	Click Here
18.	PRIME COMMERCIAL BANK LTD	Click Here
19.	SANIMA BANK LIMITED	Click Here
20.	SUNRISE BANK LIMITED	Click Here

This is all about how to open a DEMAT account in Nepal. Select the suitable bank from the list and apply for your DEMAT account. If Still You have any doubt or any problem let us know in Comment Section.

After creating a DEMAT account, you need to log in to Mero Share for further process. Check out this article for a complete guide about Mero Share and how to open Mero Share account.