How to Open Mero Share Account In Nepal?

 

What is Mero Share?

Mero Share is an online portal developed by CSDS (Central Depositary System and Clearing Limited) which provides the details of share transactions with their DEMAT account. You can easily fill up share forms for IPO and apply for IPO/FPO shares online using Mero Share.

It also offers you to transfer shares, view share details, portfolio, transaction history, pledge Share details, and many more just sitting at your home online.

Benefits of Mero Share Account

• Fill up share forms for IPO online
• Apply for IPO and FPO shares easily online
• View portfolio and transaction history
• See details of stock in your account
• View shares along with their prices
• Transfer the shares without any hassles
• View IPO results
• Calculate WACC (Weighted Average Cost of Capital)
• Available in both web portal and mobile app

How to open Mero Share Account?

Follow these steps to open a Mero Share account easily from your home:

1. Open DEMAT Account 

To open a Mero Share account, you need to have a DEMAT account. A DEMAT Account is used to hold shares and securities in electronic format which eases users for online transactions.

• Original and photocopy of citizenship certificate, one passport size photo, and duly filled application form along with fees, if any, are required to open a DEMAT account with DP.

•  Every DP charges a fee of Rs 25 per transaction of securities.

What Is Demat Account?

The demat account is the electronic account opened by the beneficiary through the depository participants (DP) with the central depository company. A demat account is just like a bank account. Demat account holds the shares in the electronic form. Each beneficiary has a unique account number where s/he deposits the securities. After the depository participant(DP) enters all the details of the beneficiary in the system to open a demat account, CDSC provides a separate 16-digit demat number arising from the system. Investors should mention this number in all future share transactions.

2. Get your CRN Number (C-Asba Registration Number )

After the opening of the DEMAT account, also have to fill out the C-ASBA form for getting the CRN number. For this, you will need to visit the bank and the bank will provide you CRN number. You can also get a CRN number online through the e-banking of your respective bank. So, check out the availability of this service in your bank.

3. Get username and password for Mero Share login

After you have completed the above two steps, you can now apply for a Mero Share account. For this need to visit the nearest branch and fill up a form. You will need to provide your email ID, contact number, DPID, and Client ID.

You also need to deposit Rs. 50 as per annum charge in the account number provided in MERO SHARE and attach the deposit voucher along with the form. After 2-3 days of submitting the form, your Mero Share account will be created will receive a username and password through your email or SMS.

4. Login into Mero Share Dashboard

1. Select the link you received in your email‌ or open your computer’s Internet (Firefox or Chrome) and type https://meroshare.cdsc.com.np in the address bar of that browser and press Enter.

Mero share login page looks like the picture below:

2. To login, go to the drop-down menu with “Select Your DP” as shown in the picture below, and Select the depository participants (DP) of your account.

3. Type the last numbers after the zeros of your beneficiary account number to enter the Login ID. For example, if your beneficiary account number 13010200000021839 while the last eight digits are 00021839, use the number 21839 as your login ID.

4. Type the password you received in your email and press the login button

This is all about opening Mero Share Account. I hope this article must have been helpful for you in creating Mero Share Account. I will be discussing different features of the Mero Share app like applying and transferring shares, viewing shares details, etc. in my next article. Stay tuned for that.

If You Still have any doubts or any problems let us know in Comment Section.