What is a DeMAT and MeroShare Account?
DMAT Account Explained
A DeMAT (Dematerialized) account is used to store your shares in electronic form, just like a bank account stores your money. It is managed by CDS and Clearing Ltd. (CDSC) and opened through a bank or stockbroker known as a Depository Participant (DP).
What is a MeroShare Account?
MeroShare is an online portal provided by CDSC that allows investors to apply for IPOs, view shareholding statements, and transfer shares. To use MeroShare, you must first have a DeMAT account.
How to Open a DeMAT Account in Nepal
Documents Required for DeMAT Account Opening
To open a DeMAT account, you’ll need:
· Copy of your citizenship certificate
· Passport-size photo
· Bank account details
· Mobile number and email ID
Where to Open a DeMAT Account: Bank vs Broker
You can open a DMAT account from:
· Commercial banks (Global IME)
· Capital market subsidiaries ( Global IME Capital)
· Authorized stockbrokers and merchant banks
Step-by-Step Process to Open DeMAT Account
1. Visit the website or branch of your chosen DP.
2. Fill out the DeMAT account form (available online or at the counter).
3. Submit your documents and pay the applicable fee.
4. Receive your 16-digit BOID number, which identifies your DMAT account.
Cost of Opening a DeMAT Account
· Opening Fee: NPR 50
· Annual Renewal Fee: NPR 100
Some banks may offer free opening for students or new users.
How to Open a MeroShare Account in Nepal
Requirement for opening a new Meroshare Account
Before applying for MeroShare, ensure your DMAT account is active and you have your BOID number.
How to Apply for MeroShare Online
1. Visit https://meroshare.cdsc.com.np/
2. Click “Create Account” or request through your DP’s website.
3. Enter your BOID and personal details.
4. Submit the form to your DP or bank.
Account Activation
· Your DP will verify the application and activate your MeroShare account.
· You’ll receive a username and password via email or SMS.
Common Problems After Opening the Account
Delayed Activation
Some users face delays in MeroShare activation due to manual verification.
Wrong Email or Mobile Number
If incorrect contact info was submitted, you won’t receive your credentials.
Login Credentials Not Received
In such cases, you need to contact your DP to resend or reset the login.
How to Recover MeroShare Username and Password
Forgot MeroShare Username?
· Contact your Depository Participant (DP)
· Provide your BOID, full name, and registered mobile/email
· They will retrieve or resend your username
Resetting MeroShare Password Online
1. Go to meroshare.cdsc.com.np
2. Click "Forgot Password"
3. Select your DP and enter your username
4. You’ll receive a reset link via email or SMS
5. Set a new password and log in
How to Recover DeMAT Account Details
Forgot Your BOID or Account Info?
· Check your original account statement or SMS from your DP
· Visit the CDSC inquiry portal to verify
· Contact your DP for official recovery
How to Contact Your DP
Reach out through:
· Phone
· Physical visit to the branch
Most DPs process recoveries within 1–2 working days.
Tips to Keep Your Mero Share Account Safe
Save Your Login Credentials Securely
Use a password manager or note it down safely.
Update Your Email and Mobile Number
Ensure your DP always has your current contact info.
Never Share Your BOID or Login Info
Treat your credentials like your bank password.
Frequently Asked Questions (FAQs)
Can I open a MeroShare account without a DeMAT account?
No. A valid DeMAT account is required before registering for MeroShare.
What is the difference between BOID and CRN?
· BOID is your unique DeMAT ID
· CRN is used for IPO applications through MeroShare
Can I open these accounts online?
Yes, many banks and capital companies in Nepal offer online forms for DeMAT and MeroShare registration.
How long does MeroShare activation take?
It will be activated within 2–5 working days after DMAT account approval.
Conclusion
Opening and maintaining your DeMAT and MeroShare accounts is the first step toward investing in the Nepali share market. If you forget your credentials, don't panic — there are simple recovery options. Always keep your login details safe, and stay connected with your DP for a smooth investing experience.
Since you are new in the capital market of Nepal, you may read this blog for information: How to Start Investing in Nepse