These Institutions Urges Investors to Pay Annual Demat Fee by the End of Asadh

Thu, Jun 23, 2022 11:48 AM on Latest, Stock Market,

NIC Asia Capital Limited  and NIC Asia Bank (NICA) has urged their customers to renew their Demat account by paying the annual fee of Rs. 100.

The institution has kept Asadh end as the last date to pay this renewal fee. The institutions will freeze Demat accounts on Shrawan 01 of investors who fail to pay the annual fee within the specified date. The investors can visit nearest branches of the NIC Asia Bank Limited or NIC Asia Capital Limited,. The beneficiary name and account number should be clearly mentioned while paying. The bank details are as follows:

Account name: NIC ASIA Capital Ltd. - DP Yearly Account Opening Fee
Account number: 5444451025524009

Investors can pay via online payment portals like eSewa, Khalti, Connect IPS and IME Pay.

Notice

Similarly, Machhapuchchhre Capital Limited (MCL) and Nepal Bank Limited (NBL) have also urged their customers to renew their Demat account by paying Rs. 100 annual fee by the end of Ashadh.

The institutions will freeze Demat accounts of investors who fail to pay the annual fee by Ashadh 32. The investors can visit nearest branches of Machhapuchchhre Capital Limited and Nepal Bank Limited for payment and bank details or can visit their websites respectively. The beneficiary name and account number should be clearly mentioned while paying.

Investors can pay via online payment portals like eSewa, Khalti, Connect IPS, Prabhu Pay and IME Pay.

Notice for MCL

Notice for NBL

Additionally, these three institution has requested Mero Share users to renew their Mero Share accounts within a year of account activation to avoid default Mero Share deactivation if they haven't done so. The annual fee for Mero share renewal is Rs. 50.