People seem to be very interested in the stock market these days. Thus, the DEMAT account is mandatory for the transactions of all types of shares. If you’re also a part of it, you’ll need to renew your Demat account by the end of the government fiscal year.
If you do not renew your Demat account on time, your account will be frozen. This implies that your account balance will be frozen, and you will be unable to trade stocks. Renew your Demat account on time to obtain all of the benefits of share trading. And the easiest way to renew your Demat account is online through Meroshare.
How to Renew Demat Account Online in Nepal?
To renew your Demat account online, check the following steps:
- Open Mero Share web page and Log in.
- Click on your Name and Mero Share Profile at the top right corner.
- On the Own Profile tab, check your account information (Expiry date)
- Click on the Renew Account button to renew your account online.
- Select payment partner, eSewa, Khalti, IME pay or connectIPS
- Select DEMAT to renew your Demat account.
- Enter the number of years you want to renew your Demat account (up to 20 years)
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- The renewable charge for one-year cost Rs. 100
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- Click Proceed button
- You will get an interface detailing the charges from your selected online payment partner account, and you can pay your fee with the required information. (eSewa, Khalti, IME pay or connectIPS)
- After completion of payment, you will receive a payment slip, which you can download and save.
By following the steps above, you can easily renew your Demat account online on your own from home without having to visit the bank or broker. You can also renew your Meroshare account online by following the above steps. Just need to select an option that you want to renew (Meroshare or Demat).
