In our last blog, we talked about how new investors normally start investing in stock markets by applying in IPOs. In the same article, we also talked about the steps /process that was required to apply for IPOs.
And one of the first steps was to open a demat account at a Merchant Banker. At Nabil Investment, we take pride in giving the best service to our demat account clients. Not only is our demat account fully online, you can also open one by applying with us online.
In this blog, we will detail the steps to open the Demat account online at Nabil Investment. But, before that let’s dive into some of the details.
What is a Demat Account?
Similar to a bank account where you put your money for saving and transacting, a Demat account is needed to keep your stocks (shares) and to transact them. As per the regulation of SEBON and CDSC, it is mandatory to have a demat account to transact (buying, selling and applying for IPO/FPO, etc) in the stock market.
Hence, if you want to invest in stock markets, you will need to open a Demat Account.
Where can you open a Demat Account?
You can open a demat account at any of the merchant bankers or at brokers who have got the necessary approvals. Nabil Investment provides the best demat account which ensures faster settlements and real time data on all your scrips. Therefore, we have one of the highest number of Demat account holders throughout Nepal.
If you are looking to open a Demat account at Nabil Invest, you can do so by either visiting Nabil Investment’s corporate office in Naxal, Kathmandu or by visiting any of the Nabil Bank’s branches across Nepal.
But, the most convenient way to open a Demat account at Nabil Investment is to do so by applying online. Let’s now detail how to open a Demat account online at Nabil Investment.
How to apply online for a Demat Account in Nabil Investment?
- Go to Nabil Investment’s official website (www.nabilinvest.com.np)
- Click on Online Demat. You will see the Individual Demat Registration form.
- Fill all the details on the form (fields with asterisk are mandatory) as advised.
- Upload documents as advised in the form.
- For KYC, please upload the photo with you holding your citizenship.
- Once you have filled this up, you will see payment options.
- You can pay through any of the payment providers and your demat account is now ready to be used.
You can also watch this video to learn about the steps to open a Demat account online.
If you are having trouble opening a demat account, give us a call today or visit your nearest Nabil Investment or Nabil bank branch today.
Happy Investing. 🙂