These Two Merchant Bank Urges Investors to Pay Annual Demat Fee by the End of Asadh

Kumari Capital Limited (KCL) has urged their customers to renew their Demat account by paying the annual fee of Rs. 100.

The institution has kept Asadh 31 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 Kumari Bank Limited or Kumari Capital Limited,. The beneficiary name and account number should be clearly mentioned while paying. The bank details are as follows:

Account name: KCL Demat AMC
Account number: 0130046646000001

Investors can pay via online payment portals like eSewa, Khalti, KBL Mobile App, Connect IPS, Prabhu Pay and Fund transfer.

Notice

Similarly, Sunrise Capital Limited (SUCL) has 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 31. The investors can visit nearest branches of Sunrise Capital Limited for payment details. The beneficiary name and account number should be clearly mentioned while paying. The bank details are as follows:

Account Number: 0690431971701001
Account Name: SRCL Depository Participants
Name of the bank holding the account: Sunrise Bank Ltd.
Location: Kamalpokhari, Kathmandu

Notice

Additionally, both the 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.