DEMAT account offered by NMB Bank is a safe and secure way to keep your stocks complimented with the ease to track your investments online. You can access your DEMAT account through Mobile Banking and Internet Banking, a convenient way to view DEMAT account statement and track transactions.
The Bank provides DEMAT account services from its branches in partnership with Depository Participant (DP)
NMB Capital Limited, its wholly owned subsidiary.
What is a DEMAT Account?
DEMAT account is an account opened by any investor with Depository Participant (DP) who wishes to invest in various securities like share, debenture etc. With DEMAT account the certificates are held electronically in the dematerialized form rather than investors taking physical possession of their share certificates.
What are the advantages of DEMAT Account? What are the documents required for opening DEMAT Account?
Following are the required documents for opening an Individual/Institution DEMAT Account:
Individuals: Institutions:
Application Form and Agreement – Link (Personal / Organisational forms)
For further details please - call us : +977-1-5346160 / email us : call@nmb.com.np
To apply DEMAT online: https://sulav.nmb.com.np/Home/Index
1.
What is Dematerialization (DEMAT)?
Dematerialization is a process of
converting physical securities into electronic form.
2.
What is the purpose of opening a DEMAT account?
The purpose of opening a DEMAT account are as mentioned below:
• To
convert physical securities into electronic form
• To
deposit and transfer NEPSE listed securities in a dematerialized form,
• To
credit securities allotted through IPO and corporate actions (such as
rights share issue, bonus issue, merger, etc.) in a dematerialized form
• To
receive statement of the securities held in a DEMAT account
• To
pledge securities held in a DEMAT account
• To
rematerialize securities held in a DEMAT account.
3. What are the documents required to open DEMAT account?
DEMAT account can be opened at DP
license holder institutions from CDS and Clearing Limited. NMB Capital Limited
is a DP License holder institution from CDS and Clearing Limited and provides
services to open a De-mat account. The following documents are required to open
DEMAT account:
In Case of Individual
• Copy
of citizenship
• Photograph-(1
number)
In Case of minor
a. Copy of citizenship of any of the guardian
b. copy of birth certificate
c. Photograph- (2 Number including guardian and child)
In Case of Institution or Firm
a) Company Registration Certificate
b) Company MOA and AOA
c) Board Minute
d) Tax Payment certificate should be obtained
e) Permanent Account Number (PAN) certificate
f) Citizen Certificate of the Operator of account and all the
directors
g) Partnership deed in case of a partnership firm
4.
What is DEMAT Account Opening Charge?
The DEMAT account Opening charge
is Rs. 150
5.
What is DEMAT Account Renewal Charge?
The DEMAT Account Renewal Charge
per Fiscal Year is Rs. 100
6.
What is the DP ID of the NMB Capital
Limited?
The DP ID of the NMB Capital
Limited is 13011000.
7.
Can a DEMAT account be directly opened
with CDSC?
No, you can only open a DEMAT account from DP Licensed Capital or Bank.
8.
Which disable categories are provided
Free DEMAT and Meroshare by CDSC
The disable customers under the A
& B (Ka & Kha) categories are provided Free DEMAT and Meroshare by
CDSC.
9.
What is the reason for CDSC Freezing customers DEMAT account?
CDSC Freezing customer DEMAT account due to following reasons
a) Pending DEMAT Renewal Fees
b) Pending conversion from Minor turn to Major
10.
When does a minor account get converted
into a major account?
The minor account gets converted
into a major account at the age of 18.
11.
What are the required documents to turn minor into major ?
The require documents to turn minor into major process are
a) Birth Certificate of Minor
b) Citizenship of Minor
c) Citizenship of Guardian
12.
Who can stay as a guardian in the minor's DEMAT account?
Only the father or the mother can stay
as a guardian in the minor's DEMAT Account.
13.
Can a family member from a same household
serve as a guardian on a minor's account?
Yes, a family member from the
same household can serve as a guardian on a minor's account with a consent letter
from the ward office.
14.
Can a customer who uses thumb impression as a signature open a DEMAT account?
Yes, they can open a DEMAT account, but they cannot take an online service like Meroshare. They need to be self -present in the bank for the IPO, FPO and Right share application and every other activities related to DEMAT.
15.
I am out of the country; Can I open
savings and DEMAT accounts online?
Yes, you can open a savings and
DEMAT accounts online using the link below:
https://call.nmb.com.np/newapplication/capture_1
16.
I am existing savings account holder of NMB Bank.
Can I open DEMAT and Meroshare account online?
Yes, you can open a DEMAT and
Meroshare account online with the link below:
https://sulav.nmb.com.np/Home/Index
17.
I am a citizenship holder of another
country, can I open a DEMAT account with NMB Bank Limited?
No, as per the CDSC provision,
the DEMAT account shall only be opened by Nepali citizenship holders and NRNs
18.
I
want to close my DEMAT account, what should I do?
Please visit our nearest branch
with original citizenship and fill in the DEMAT closure form
19.
What are the required documents to Close DEMAT account?
The require documents to close DEMAT account are
a) Citizenship
b) Active DEMAT Account
c) DEMAT share balance must be nil
20.
I already have a DEMAT account with NMB
Bank Limited. I want to update my KYC. What is the process for the KYC update?
Please update your KYC via the following link https://ckyc.cdsc.com.np/ or visit our nearest branch. You will need to visit the bank for biometric update along with the original citizenship certificate
21.
What is the charge of Meroshare Registration and
Renewal?
The Meroshare Registration and
Renewal Charge is Rs. 50
22. Can customer who use thumb impression as a signature get Meroshare service?
No, customer who use thumb impression as a signature cannot get
Meroshare Service.
23. What is the process for customer with thumb impression as signature to sell their shares?
Customer who use thumb impression as a signature must visit the broker's office and also visit NMB Bank with an original signed copy of the DIS cheque.
24. By how many days should I settle my share
after selling?
You must settle your share within T+1 days.
25.
What should I do if I forget to settle my sold shares in T+1
days?
You must submit DIS cheques prior
12:00 noon.
26.
How much penalty should I pay if I forget
to settle my sold shares?
You must pay 20% penalty if you
forget to settle sold shares.
27.
How can I pay DEMAT and Meroshare renewal
fees?
You can renew your DEMAT and
Meroshare Account through Digital Wallet Services (E-sewa, Khalti by IME, Connect IPS, Prabhu Pay, etc) or you can also visit your nearest NMB Bank Branch or NMB
Capital Limited.
28. Can an investor, already having a DEMAT account with CDSC; open another account?
Yes an investor, already having DEMAT account with CDSC, can open another DEMAT account.
29.
What documents are required for a BO-to-
BO transfer?
The following documents are required
for a BO-to-BO transfer:
a) Copy of Citizenship certificates
b) BO confirmation letter from both DPs
30.
What documents are required for family share transfer?
The following documents are
required for a family share transfer:
a)
Relationship Certificate
b) Citizenship of both giver and receiver
c)
BO Confirmation letters of both giver and
receiver
Note: The buyer and seller must personally visit the DP and CDSC with original documentation to complete the share transfer
31.
What documents are required for deceased share transfer?
The following documents are
required for deceased share transfer:
a) Relationship Certificate between the deceased and successor
b) Citizenship certificate of successor and if available citizenship of deceased shareholder
c) BO Confirmation letter of successor
d) Death Certificate of the deceased shareholder
e) Consent/waiver letter from legal heirs if they are not taking any
shares
Note: Successor must be
self-present at the DP with original documents for share transfer
32.
Can we transfer our shares to our friends
as a gift?
No, we cannot transfer shares to
our friends as gifts.
33.
Can all securities be dematerialized
through a single DEMAT account?
Yes, any number of securities
admitted with CDSC can be dematerialized and held in a single account in case
securities are owned by a single investor.
34.
Is dematerialization mandatory?
As mentioned in the Securities’
Central Depository Services Regulation, 2067, the issuers have to admit their
securities with the depository and the BOs have to dematerialize their holdings
for transacting in the capital market. Hence, dematerialization is mandatory.
35.
Can any physical certificates be
dematerialized against anybody’s name?
Any securities that are held in
an individual’s ownership can only be converted in electronic form. Besides,
those securities should be compulsorily registered for dematerialization with
CDSC.
36.
Can odd lot of shares be dematerialized?
Since, one share is the market
lot in DEMAT system, odd lots of shares can also be dematerialized.
37.
Do dematerialized securities have
distinct certificate number?
Dematerialized securities do not
have any distinct number. In DEMAT, all securities are fully fungible, which
means that any 100 shares of a company are similar to any other 100 shares of
that company.
