5 Ways to Renew Your DEMAT and MeroShare Account Online

Have you already renewed your DEMAT and MeroShare accounts? Well, as a capital market investor, one should renew their DEMAT account each year. DEMAT account holds your stock and securities holdings in a digital format. As your depository participant (DP), which could be a broker or a merchant banker mediates to operate your DEMAT account and transactions, you must renew it as annual compensation for this service.

As per the rule, every investor in the stock market should renew their DEMAT account in each fiscal year. As a result, one must renew their DEMAT account by the end of the month of Asadh in Nepal. For instance, all the DEMAT accounts opened from Shrawan 1, 2078 to Asadh 31, 2079 must be renewed within Asadh 31, 2079. Most people bother to renew the accounts they open at the end of the fiscal year. However, one must renew it even if they open their DEMAT account a day before the end of the fiscal year.