Documents required to open Demat account in Nepal

A demat account is like a bank account. To open such an account, one can go to the company which has got permission from the Securities and Exchange Board for Depository Participant (DP) service. The demat account has been fully operational since Magh, 2, 2072. At present, shares are transferred in dematerialized form directly to the demat account. Just like we deposit money in a bank account, the shares bought in a demat account are deposited automatically. Documents required to open Demat account in Nepal

Currently, securities brokers, banks and financial institutions, merchant bankers, transfer representatives and other organizations have been operating such services with the permission of the board. You have to go to a company that suits you and open a ‘demat’ account. Previously purchased shares were available as physical (paper) certificates. Since that provision has been removed, it is now electronically credited to the demat account.

Online Demat account opening Nepal

In case of purchase, the shares are credited to the investor’s demat account. The demat share trading has been started with the objective of making the share market systematic, transparent, safe and modern by minimizing various hassles while trading in physical (paper) shares.

The shares you receive are credited directly to your demat account. Therefore, demat account is mandatory while filling the share form. If you want to invest in shares, you have to open such an account. To open such an account, you have to pay Rs. 50.

Which and how many shares in your demat account? Details such as its current market value, whether or not shares have been credited to the account can also be viewed from one’s mobile or laptop. For this, the demat account opening company provides the username and password of the demat account login.

Documents required to open Demat account in Nepal

• Bank Account
• PP Sized Photo
• Citizenship Certificate along with three generations of details.
• PAN Card (Optional)
• Birth Certificate (In the case of a minor)

* The guardian should submit a photograph of the minor, a photocopy of the birth certificate and a photocopy of the guardian’s citizenship.

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