Since everything has been digitized nowadays, transactions of money, share and other financial instruments also couldn’t escape this wave. Everything in this domain has been digitalized and from transaction of money to transaction of share, bond and debenture turns into electronic form. Transaction of money can be easily held through one’s bank account, but we need different electronic account for the transaction of securities such as share, bond and debentures – DEMAT ACCOUNT.
What is a DEMAT Account?
A DEMAT (short form of ‘Dematerialized’) account is an electronic account that keep your securities, such as shares, bonds, and debenture, in digital form. This replace the need of being physically present for physical certificates, and it makes easier and safer to manage the investments.
Benefits of a DEMAT Account
- Secure Storage: With a DEMAT account, you may store your investments safely and securely, lowering the possibility of physical certificates being lost, stolen, or damaged.
- Convenience: You can manage your stocks in a simple process digitally, it eliminates trouble of managing paper documentation. The faster and more efficient transactions allow you to make well-informed investment decisions quickly.
- Easy Portfolio Management: Online platforms, like Meroshare make it simple to keep an eye on and manage your investment.
How to open DEMAT Account Online?
The simple process of opening a DEMAT account in Nepal with Global IME Bank makes your investing journey easy and hassle-free. Here’s how to do it:
- Open a Bank Account (if you don’t have one)
You must have a bank account before applying for demat account. Opening a bank account is simple, you may visit bank itself or just fill the form online.
- Required Documents for Demat Account:
- Nepali Citizenship
- Recent Passport Size Photographs
- Birth Certificates and Guardian’s Citizenship ( for minor only)
- Details of Bank Account
- Filling Application Form:
You can visit the bank, obtain a DEMAT account open form and fill all the required information and submit the documents along with form. If you don’t want to visit the bank, you can also do it from home through online form.
After submission of form, if your information is clean, it usually take 1-2 working day to activate the DEMAT account. Generally, on a same day. You can also open Account, DEMAT, Meroshare, CASBA & TMS online through digital universe service “Ek Sath Paanch” facility as well.
Why Choose Global IME Bank for Your DEMAT Account?
Global IME Bank is dedicated to provide you best financial services to support your investment objectives. Global IME Capital, a subsidiary company of Global IME Bank, provides “Ek Sath Paanch” facility to make investing more easier by enabling you to apply DEMAT, Meroshare, TMS, CASBA, and saving account from a single form. The following justifies your selection of Global IME Bank for your DEMAT account:
- Trusted and Reliable: Global IME Bank, one of the top financial institutions in Nepal, provides a trustworthy platform supported by years of banking industry expertise.
- Comprehensive Services: To support your whole investing experience, you can use a variety of financial services beyond DEMAT accounts, such as MeroShare, TMS, and more.
- User-Friendly Platform: Take advantage of a smooth online experience with an intuitive layout that makes managing your investments easier.
Conclusion
A DEMAT account is a vital resource for anyone wishing to make stock market investments in Nepal. With a DEMAT account, you can take charge of your financial future by having an easy and safe way to manage your investments.
