Are you tired of waiting in long lines to fill out share applications?
The good news is that those days are over!
With Mero Share, you can manage your shares from your home.
This guide will provide all the information you need to start with Meroshare and take advantage of its benefits.
Table of Contents
What is Mero Share?
Mero Share provides customers with a simple and efficient way to manage their shares, with features such as an online IPO/FPO/Right Share application, easy share transfer, detailed account information, and the ability to update bank account details.
Why Meroshare Is Important?
Investors in Nepal now have easier access, more transparency, and more effectiveness thanks to Meroshare.
Benefits of Mero Share:
- View personal details of the beneficiary account holder
- View details of the stock in your account.
- View the actual value of stock in your account based on market value.
- View details of transactions in your account.
- View details of shares under collateral in your account.
- Apply online to purchase shares in case of primary issues (IPO/FPO) and the right issues.
- Make a bank account entry in the beneficiary account or request a DP to change incorrectly entered bank account information.
- Easily transfer shares you have sold by going to the MY EDIS tab.
- View the IPO results of the companies to which you have submitted an application.
Nepal’s stock market is now accessible to more people because of Meroshare. To invest in the Nepalese stock market, you must create a Meroshare account.
If you are not a Meroshare account holder, let us guide you on how to open a Meroshare account.
How to Open MeroShare account?
You need to follow these steps to open a MeroShare account:
- First get a Demat account.
A Demat account is an account that holds stocks digitally. Demat accounts can be opened at any bank, broker, or capital authorized (DPs) to provide the service. Demat accounts require you to submit a copy of your citizenship certificate, passport size photo, bank account details, documents of identification, and information about your family details.
Typically, the Demat Account opens in three to four days. If you’re in a big city, you might get your Demat Account the next day.
You shouldn’t create more than one Demat account and this is strictly regulated by Nepal Rastra Bank.
Demat account consist of The DP id and BO id are unique to each client. The topic of BOID has been covered here.
- Once your Demat Account is ready, you’ll need your C-ASBA registration number.
You should open C-ASBA in the same bank where you have a Demat Account. It’ll take them a day or two to process your request and send you the CRN number. In order to apply for IPOs using Mero Share, you’ll need a CRN number.
Once you get your CRN, you can apply for IPO stocks physically but not Online.
To apply IPO online, you need to apply for a MeroShare account with DP by filling in the Meroshare Form.
Mero Share will create your account within 2 to 3 business days and send your username and password to your email address (provided by you) or via text message. Typically, the BO ID serves as the username, and the password must be remembered.
How to use Mero share?
To begin using MeroShare, you must either download the app or visit the MeroShare login page using the following link: “http://www.meroshare.cdsc.com.np”.
You will be charged Rs. 50 per year for the Meroshare subscription.
How to update bank account details in MeroShare?
Customers can use the My Bank Request menu to update bank account details in their beneficiary accounts.
Select your bank from the list of available banks, select the relevant branch, choose your account type, and click the Update Bank Details button.
How to Transfer Shares in Meroshare?
Mero Share provides customers an easy way to transfer shares they have sold.
Go to the My EDIS menu and select Transfer Shares.
The settlement information about the sale of shares will be displayed, and customers can click on Proceed Next to complete the transfer.
In addition to these features, Mero Share allows customers to view their share trading history and the portfolio of stocks in their accounts.
Mero Share is an essential tool for investors in Nepal’s stock market, providing customers with a simple and efficient way to manage their shares. With features such as an online IPO/FPO/Right Share application, easy share transfer, detailed account information, and the ability to update bank account details, Mero Share is an indispensable resource for investors seeking to make the most of their investments. So why wait in long lines when you can manage your shares from your home with Mero Share?