Mero Share stands as a groundbreaking online platform designed to empower investors in efficiently managing their share portfolios. Developed by CDS & Clearing Limited (CDSC) specifically for participants in the Nepalese Capital Market, this digital solution revolutionizes the traditional approach to share management.
Through Mero Share, investors gain access to a comprehensive suite of tools and features tailored to streamline the oversight of their holdings. One of its key functionalities includes the ability to view stock transactions associated with their Demat accounts, offering transparency and insight into their investment activities.
However, the question remains: ‘How To Open Mero Share Account?‘. Don’t worry because this article will cover everything that you need to know regarding Mero Share Account Opening.
To initiate the process of opening a Mero Share account, the first step is to acquire a Demat account, which is an electronic repository for holding stocks. Demat accounts can be established at banks, brokerage firms, or authorized capital providers (DPs) offering such services.
To open a Demat account, you’ll need to furnish a copy of your citizenship certificate, passport-size photograph, bank account details, identification documents, and information regarding your family background. Typically, the process of opening a Demat account takes around three to four days, though in major cities, it may be expedited and completed within a day.
It’s important to note that individuals are strictly prohibited from creating multiple Demat accounts, as regulated by Nepal Rastra Bank. Each Demat account is associated with a unique DP ID and BO ID, specific to the account holder. Once your Demat account is established, you’ll require a C-ASBA registration number for further transactions. It’s advisable to open a C-ASBA account at the same institution where your Demat account is held, as this facilitates seamless processing. Upon obtaining your CRN (C-ASBA Registration Number), you can physically apply for Initial Public Offering (IPO) stocks, although online application via Mero Share necessitates this registration number.
Related: What Is Mero Share? – Everything You Need To Know
To apply for IPO stocks through Mero Share’s online platform, you must first apply for a Mero Share account through your DP by completing the requisite form. Subsequently, Mero Share will process your application within two to three business days and provide you with your login credentials, typically sent via email or text message. Your BO ID typically serves as your username, and it’s important to securely remember your password for future access to your MeroShare account.
I hope that this article was helpful to you. The article covered everything that you needed to know regarding Mero Share Account Opening. After this, I’m sure you will be able to create one and start investing. For more information regarding share market in Nepal, check out our other articles.