If you want to start investing in Nepal’s stock market, your first step is opening a DEMAT account, and it’s easier than you think. Whether you’re aiming for IPOs or long-term investments, this account is your digital gateway to the share market.
Steps
Step 1: Pick the right place to open your account
You’ll need to choose a licensed Depository Participant (DP). These include:
- Commercial banks (e.g., Nabil, NIC Asia, Global IME)
- Broker firms or merchant bankers (e.g., NIBL Ace Capital)
- Any company approved by CDSC (Central Depository System & Clearing Ltd.)
Step 2: Get your documents ready
- A copy of your Citizenship certificate
- A passport-size photo
- Your bank account details for dividend deposits
- A PAN card (optional but useful for tax purposes)
- A signature on white paper
Step 3: Apply in person or online
Most DPs now allow online applications through their websites. If you prefer, you can also walk into any of their offices.
Step 4: Fill in your application form
This form will collect basic details like:
- Your name and address
- Contact information
- Your bank account for linking dividends
Once complete, sign and submit with the documents.
Step 5: Receive your DEMAT number
After your documents are verified, you’ll receive:
- A 16-digit DEMAT number (your digital shareholding ID)
- Access to your MeroShare account to apply for IPOs and track your investments
Step 6: Activate and use MeroShare
Visit meroshare.cdsc.com.np, log in, and manage your shares, apply for IPOs, and monitor your portfolio.
If you need assistance you can contact us.
