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How to open DEMAT Account in Nepal ?

DEMAT Account

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 the online transactions.

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

 

To Open a DEMAT account to store company shares in Nepal, follow these steps:

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.

After opening the DEMAT account, you can now submit your physical share certificates to the place where you opened your account. It will be converted and stored in a digital form.

 

List of Banks with online form offering DEMAT Account:

There are different banks that offer online Demate registration and also offline. Here’s the DEMAT Form Link of different banks which you can fill up online or offline as per the service provided by the bank.

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 opening 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.

You can go through this article if you want to know about SWIFT/BIC codes and a list of SWIFT/BIC codes of different banks of Nepal.

SWIFT/BIC Codes of All Banks of Nepal – TechnoKD

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8 Comments on “How to open DEMAT Account in Nepal ?

devi prasad khanal
February 20, 2021 at 6:08 am

RBB bankko xainan ta sir

Reply
adminKD
March 1, 2021 at 8:16 pm

Bank ma gayera garnu parxa

Reply
Bharat rai
March 6, 2021 at 5:38 pm

citizen bank international ko online link dinu paro sir

Reply
devi prasad khanal
February 20, 2021 at 6:27 am

mero account ta RBB ma xa kun select garne sir

Reply
Dinesh
March 6, 2021 at 4:58 pm

What about Standard Chartered bank? It was on the list in your video but not here.

Reply
Kamal jaishi
May 16, 2021 at 7:16 am

Laxmi bank ko kasari garne ho ki ta bank mai janu parxa

Reply
adminKD
June 10, 2021 at 4:19 am

Bank mai jaanu parxa…

Reply
Ashok Chitrakar
May 24, 2021 at 6:14 am

Namaste sir/ mam, my bank a/c name is machhapuchchhre bank and i have crn no. & Dmate no. also bt i don’t have mero share username and password . How can i get this username & password throught online ??…plz reply me .. thank you !🙏

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