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How do I open Demat or Trading account in Nepal Stock Exchange in 2020?

First of all, you need to understand What is Demat account? and why do you need one?


What Is Demat account?


Demat account is a type of account which is use for store stock or shares in digital form. It is maintained by the Govt. itself and manages by the different brokers. Before electronic systems, we used a physical share certificate for Shares or Stocks and Bonds. It had major problems of loss of paper of stocks and various other problems. The capable of account holding share known as Demat account. In Nepal, Demat accounts are maintained by “Security Board of Nepal”. Now, when you will buy and sell the stock in the primary (IPO) as well as secondary markets (via brokers), you need to have a Demat account. That has made it possible for quicker transactions and ownership transfer.



What Is Trading account?


A trading account is an investment account where it includes containing securities, cash and other holdings. Most commonly, traders, primary account refers to the trading account. This account has separate from others we invest for a long term buy and hold strategy.

How to open Demat account in Nepal 2020?


Follow these steps to open Demat Account in Nepal:-

  1. Find a company which provide the service of Demat and Trading account, for example:- Kriti Capital, NIBL Capital, NMB Capital, Global IME Capital and etc.

  1. Fill up the form. You will need an attested Nepali citizenship photocopy and a passport size photograph for the form.

  1. Submit the form with the broker.

Charges of opening Demat account in Nepal 2020?


In Nepal, the Demat or Trading account is very rare because lots of people don’t know about Share Market in Nepal. There are various banks in Nepal where you can open a Demat account in few hours.

1.       NIBL
2.       Nepal SBI
3.       NMB
4.       Everest Bank Ltd.
6.       Global IME Bank

NIBL Capital Market Ltd. Is a Public Sector Unit and 49% of Government of Nepal. They have lots of other facilities as well. It costs about Rs. 150 averages and the opening of an account is free and Annual Maintenance charges are free for 1st Year.

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