eSewa has recently introduced a realtime DEMAT renewal service which can be performed via Meroshare. Now, you can either renew your DEMAT account only, or MeroShare only or both Meroshare and DEMAT account with the eSewa payment option available in the portal of Meroshare.
MeroShare is the portal for capital market investors developed by CDS and Clearing Limited. The main purpose of this system is to apply for IPOs, FPOs and right shares, checking for the IPO result, daily portfolio, WACC calculation, performing EDIS after selling of shares and having a single-point portal for overall information and details you have entered in your KYC during DEMAT account opening.
One needs to renew their Meroshare and DEMAT account every year. This can be done either by paying manually or online. eSewa has been providing Meroshare renewal services online through its digital wallet. Meroshare renewal service was started from the 1st of Shrawan 2077 in eSewa. Now, the addition to it has been done by instant DEMAT renewal services. Now, you can simply use this particular digital wallet to pay for renewal of MeroShare and DEMAT without physical presence in the depository participants or brokers.
Here’s the guide to renew your DEMAT account using eSewa within MeroShare portal:
- Log in to Mero Share’s portal
- Click on “Mero Share Profile on the top right corner
- Click on “Renew Account”
- Select payment method by tapping on “eSewa”
- Choose among “MeroShare & DEMAT”, “MeroShare” or “DEMAT” as per your need
- Check your details and click on “Proceed”
- Log in to your eSewa ID
- Fill up the user payment details and click on “Continue Payment”
- Check all the details and tap on “Confirm”
- You’ll get the notification of successful payment
This integration between eSewa and MeroShare has added yet another comfort in the investors of the capital market in Nepal. One can simply pay the amount for DEMAT and MeroShare renewal through their fingertips! While the whole country is moving towards digitization, this type of service can obviously contribute in making digital transactions a commonplace.