NIBL Capital Markets Limited, a wholly owned subsidiary of Nepal Investment Bank Limited licensed by SEBON and CDS to offer depository services, has published a new scheme to open demat accounts free of charge. Starting from Jestha 16, the first 10,000 applicants to open demat accounts can open their accounts free of charge.
Interested investors can contact NIBL Capital Markets Limited, Lazimpat, Kathmandu or any branch of Nepal Investment Bank Limited to open the account. After opening the demat account, account holders can dematerialize their existing share certificates, apply for IPO/FPO/mutual fund and also receive right/bonus shares directly to their accounts. Since SEBON has already made demat account compulsory in both primary and secondary market, having a demat account is essential for investing in stock market.
Some other benefits of opening demat account:
- Can check demat account holdings and statement from niblcapital.com or via their NIBL Capital app
- Directly deposit bonus/right, IPO/FPO shares in the demat account without the hassle of paper certificates
- Link savings account of any bank with the demat account of NIBL Capital and receive cash dividend directly in the account
For further information, interested applicants can contact NIBL Capital Markets at 01-4425280 or visit http://www.niblcapital.com